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MicroSectors FANG+ Index 2X Leveraged ETN (FNGO)

ETF · Currency in USD · Last updated Dec 8, 2023

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.

Summary

ETF Info

ISINUS0636798565
CUSIP063679856
IssuerBank of Montreal
Inception DateAug 1, 2018
RegionNorth America (U.S.)
CategoryLeveraged Equities, Leveraged
Leveraged2x
Index TrackedNYSE FANG+ Index (+200%)
ETF Home Pagewww.microsectors.com
Asset ClassEquity

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.


0.95%
0.00%2.15%

Share Price Chart


Loading data...

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.


-10.00%0.00%10.00%20.00%JulyAugustSeptemberOctoberNovemberDecember
16.73%
6.79%
FNGO (MicroSectors FANG+ Index 2X Leveraged ETN)
Benchmark (^GSPC)

S&P 500

Compare to other instruments

Search for stocks, ETFs, and funds to compare with FNGO

MicroSectors FANG+ Index 2X Leveraged ETN

Popular comparisons: FNGO vs. FNGU, FNGO vs. FNGS, FNGO vs. BULZ, FNGO vs. QLD, FNGO vs. QQQ, FNGO vs. USD, FNGO vs. TQQQ, FNGO vs. VOO, FNGO vs. VGT, FNGO vs. SPY

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.


PeriodReturnBenchmark
Year-To-Date203.84%19.43%
1 month9.18%4.73%
6 months16.73%6.79%
1 year161.16%16.57%
5 years (annualized)41.12%11.75%
10 years (annualized)N/A9.77%

Monthly Returns Heatmap


JanFebMarAprMayJunJulAugSepOctNovDec
202335.73%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 ratioSortino ratioOmega ratioCalmar ratioUlcer Index
FNGO
MicroSectors FANG+ Index 2X Leveraged ETN
2.77
^GSPC
S&P 500
1.20

Sharpe Ratio

The current MicroSectors FANG+ Index 2X Leveraged ETN Sharpe ratio is 2.77. A Sharpe ratio higher than 2.0 is considered very good.


Rolling 12-month Sharpe Ratio0.001.002.003.004.00JulyAugustSeptemberOctoberNovemberDecember
2.77
1.20
FNGO (MicroSectors FANG+ Index 2X Leveraged ETN)
Benchmark (^GSPC)

Dividend History


MicroSectors FANG+ Index 2X Leveraged ETN doesn't pay dividends

Drawdowns Chart

The Drawdowns chart displays portfolio losses from any high point along the way.


-50.00%-40.00%-30.00%-20.00%-10.00%0.00%JulyAugustSeptemberOctoberNovemberDecember
-26.54%
-4.40%
FNGO (MicroSectors FANG+ Index 2X Leveraged ETN)
Benchmark (^GSPC)

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, 2021255Nov 9, 2022
-60.28%Feb 20, 202020Mar 18, 202058Jun 10, 202078
-50.95%Aug 8, 201840Dec 24, 2018251Dec 23, 2019291
-31.08%Feb 17, 202161May 13, 202180Sep 7, 2021141
-25.96%Sep 3, 20203Sep 8, 202063Dec 7, 202066

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.


5.00%10.00%15.00%JulyAugustSeptemberOctoberNovemberDecember
9.69%
2.98%
FNGO (MicroSectors FANG+ Index 2X Leveraged ETN)
Benchmark (^GSPC)