MicroSectors FANG+™ Index 3X Leveraged ETN (FNGU)
FNGU is a passive ETF by Bank of Montreal tracking the investment results of the NYSE FANG (TR) (300%). FNGU launched on Jan 22, 2018 and has a 0.95% expense ratio.
ETF Info
| ISIN | US0636798722 |
|---|---|
| CUSIP | 063679872 |
| Issuer | Bank of Montreal |
| Inception Date | Jan 22, 2018 |
| Region | North America (U.S.) |
| Category | Leveraged Equities, Leveraged |
| Leveraged | 3x |
| Index Tracked | NYSE FANG (TR) (300%) |
| ETF Home Page | www.microsectors.com |
| Asset Class | Equity |
Asset Class Size | Large-Cap |
Asset Class Style | Blend |
Expense Ratio
The MicroSectors FANG+™ Index 3X 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 3X 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 3X Leveraged ETN had a return of 370.47% year-to-date (YTD) and 250.95% in the last 12 months.
| Period | Return | Benchmark |
|---|---|---|
| Year-To-Date | 370.47% | 19.92% |
| 1 month | 16.31% | 5.06% |
| 6 months | 19.73% | 7.11% |
| 1 year | 250.95% | 16.17% |
| 5 years (annualized) | 41.52% | 11.84% |
| 10 years (annualized) | N/A | 9.85% |
Monthly Returns Heatmap
| Jan | Feb | Mar | Apr | May | Jun | Jul | Aug | Sep | Oct | Nov | Dec | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 2023 | 57.13% | 22.07% | 9.48% | -10.34% | -18.30% | -7.03% | 43.32% |
Risk-Adjusted Performance
This table presents a comparison of risk-adjusted performance metrics for MicroSectors FANG+™ Index 3X Leveraged ETN (FNGU) 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 | |
|---|---|---|---|---|---|
FNGU MicroSectors FANG+™ Index 3X Leveraged ETN | 3.32 | ||||
^GSPC S&P 500 | 1.25 |
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 3X 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 3X Leveraged ETN was 92.34%, occurring on Nov 9, 2022. The portfolio has not yet recovered.
Depth | Start | To Bottom | Bottom | To Recover | End | Total |
|---|---|---|---|---|---|---|
| -92.34% | Nov 5, 2021 | 255 | Nov 9, 2022 | — | — | — |
| -76.77% | Feb 20, 2020 | 20 | Mar 18, 2020 | 75 | Jul 6, 2020 | 95 |
| -73.91% | Jun 21, 2018 | 129 | Dec 24, 2018 | 279 | Feb 4, 2020 | 408 |
| -44.8% | Feb 17, 2021 | 61 | May 13, 2021 | 114 | Oct 25, 2021 | 175 |
| -40.41% | Mar 13, 2018 | 14 | Apr 2, 2018 | 44 | Jun 4, 2018 | 58 |
Volatility Chart
The current MicroSectors FANG+™ Index 3X Leveraged ETN volatility is 14.41%, 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.