MicroSectors FANG+ Index 2X Leveraged ETN (FNGO)
FNGO is a passive ETF by Bank of Montreal tracking the investment results of the NYSE FANG+ Index (+200%). FNGO launched on Aug 1, 2018 and has a 0.95% expense ratio.
ETF Info
| ISIN | US0636798565 |
|---|---|
| CUSIP | 063679856 |
| Issuer | Bank of Montreal |
| Inception Date | Aug 1, 2018 |
| Region | North America (U.S.) |
| Category | Leveraged Equities, Leveraged |
| Leveraged | 2x |
| Index Tracked | NYSE FANG+ Index (+200%) |
| ETF Home Page | www.microsectors.com |
| Asset Class | Equity |
Asset Class Size | Large-Cap |
Asset Class Style | Growth |
Expense Ratio
The MicroSectors FANG+ Index 2X Leveraged ETN has a high expense ratio of 0.95%, indicating higher-than-average management fees.
Share Price Chart
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Performance
The chart shows the growth of an initial investment of $10,000 in MicroSectors FANG+ Index 2X Leveraged ETN, comparing it to the performance of the S&P 500 index or another benchmark. All prices have been adjusted for splits and dividends.
Compare to other instruments
Return
MicroSectors FANG+ Index 2X Leveraged ETN had a return of 203.84% year-to-date (YTD) and 161.16% in the last 12 months.
| Period | Return | Benchmark |
|---|---|---|
| Year-To-Date | 203.84% | 19.43% |
| 1 month | 9.18% | 4.73% |
| 6 months | 16.73% | 6.79% |
| 1 year | 161.16% | 16.57% |
| 5 years (annualized) | 41.12% | 11.75% |
| 10 years (annualized) | N/A | 9.77% |
Monthly Returns Heatmap
| Jan | Feb | Mar | Apr | May | Jun | Jul | Aug | Sep | Oct | Nov | Dec | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 2023 | 35.73% | 15.50% | 6.52% | -6.03% | -12.36% | -4.03% | 27.79% |
Risk-Adjusted Performance
This table presents a comparison of risk-adjusted performance metrics for MicroSectors FANG+ Index 2X Leveraged ETN (FNGO) and S&P 500 (^GSPC). Risk-adjusted metrics are performance indicators that assess an investment's returns in relation to its risk, enabling a more accurate comparison of different investment options.
| Sharpe ratio | Sortino ratio | Omega ratio | Calmar ratio | Ulcer Index | |
|---|---|---|---|---|---|
FNGO MicroSectors FANG+ Index 2X Leveraged ETN | 2.77 | ||||
^GSPC S&P 500 | 1.20 |
Dividend History
Drawdowns Chart
The Drawdowns chart displays portfolio losses from any high point along the way.
Worst Drawdowns
The table below displays the maximum drawdowns of the MicroSectors FANG+ Index 2X Leveraged ETN. A maximum drawdown is a measure of risk, indicating the largest reduction in portfolio value due to a series of losing trades.
The maximum drawdown for the MicroSectors FANG+ Index 2X Leveraged ETN was 78.39%, occurring on Nov 9, 2022. The portfolio has not yet recovered.
Depth | Start | To Bottom | Bottom | To Recover | End | Total |
|---|---|---|---|---|---|---|
| -78.39% | Nov 5, 2021 | 255 | Nov 9, 2022 | — | — | — |
| -60.28% | Feb 20, 2020 | 20 | Mar 18, 2020 | 58 | Jun 10, 2020 | 78 |
| -50.95% | Aug 8, 2018 | 40 | Dec 24, 2018 | 251 | Dec 23, 2019 | 291 |
| -31.08% | Feb 17, 2021 | 61 | May 13, 2021 | 80 | Sep 7, 2021 | 141 |
| -25.96% | Sep 3, 2020 | 3 | Sep 8, 2020 | 63 | Dec 7, 2020 | 66 |
Volatility Chart
The current MicroSectors FANG+ Index 2X Leveraged ETN volatility is 9.69%, representing the average percentage change in the investments's value, either up or down over the past month. The chart below shows the rolling one-month volatility.