- ISIN
- US0636798722
- CUSIP
- 063679872
- Issuer
- Bank of Montreal
- Inception Date
- Feb 19, 2025
- Region
- North America (U.S.)
- Category
- Leveraged Equities
- Leveraged
- 3x
- Index Tracked
- NYSE FANG+ Index (Gross Total Return) (300%)
- Domicile
- United States
- Distribution Policy
- Accumulating
- Asset Class
- Equity
- Asset Class Size
- Large-Cap
- Asset Class Style
- Blend
- Assets Under Management
- $3B
Share Price Chart
Loading charts...
Compare stocks, funds, or ETFs
Search for stocks, ETFs, and funds for a quick comparison or use the comparison tool for more options.
Performance
FNGU Performance Chart
MicroSectors FANG+ 3X Leveraged ETNs (FNGU) is up 16.2% since the beginning of the year. FNGU is currently trading at $29 per share.
Loading charts...
Returns By Period
MicroSectors FANG+ 3X Leveraged ETNs (FNGU) has returned 16.23% so far this year and 38.29% over the past 12 months.
MicroSectors FANG+ 3X Leveraged ETNs
- 1D
- 8.70%
- 1M
- 2.19%
- YTD
- 16.23%
- 6M
- 14.33%
- 1Y
- 38.29%
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
Benchmark (S&P 500 Index)
- 1D
- 0.00%
- 1M
- -0.17%
- YTD
- 8.39%
- 6M
- 8.57%
- 1Y
- 24.06%
- 3Y*
- 18.94%
- 5Y*
- 12.24%
- 10Y*
- 13.54%
FNGU Monthly Returns History
Based on dividend-adjusted daily data since Feb 20, 2025, FNGU's average daily return is +0.18%, while the average monthly return is +3.67%. At this rate, an investment would double in approximately 1.6 years.
Historically, 47% of months were positive and 53% were negative. The best month was Apr 2026 with a return of +56.1%, while the worst month was Mar 2025 at -31.6%. The longest winning streak lasted 4 consecutive months, and the longest losing streak was 5 months.
On a daily basis, FNGU closed higher 54% of trading days. The best single day was Apr 9, 2025 with a return of +39.0%, while the worst single day was Apr 3, 2025 at -19.7%.
| Jan | Feb | Mar | Apr | May | Jun | Jul | Aug | Sep | Oct | Nov | Dec | Total | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 2026 | -10.77% | -18.41% | -15.01% | 56.11% | 42.46% | -15.54% | 16.23% | ||||||
| 2025 | -20.60% | -31.63% | 10.29% | 34.74% | 25.83% | 2.73% | -1.21% | 15.44% | 11.56% | -7.96% | -15.63% | 3.02% |
Benchmark Metrics
MicroSectors FANG+ 3X Leveraged ETNs has an annualized alpha of -15.91%, beta of 3.97, and R2 of 0.77 versus S&P 500 Index. Calculated based on daily prices since February 20, 2025.
- This ETF captured 779.34% of S&P 500 Index gains and 328.23% of its losses - amplifying both gains and losses, but participating more in upside than downside.
- This ETF had an annualized alpha of -15.91% versus S&P 500 Index - delivering less than market exposure alone would predict.
- Beta of 3.97 means this ETF moves significantly more than S&P 500 Index - expect amplified gains in rallies and amplified losses in downturns.
- Alpha
- -15.91%
- Beta
- 3.97
- R²
- 0.77
- Upside Capture
- 779.34%
- Downside Capture
- 328.23%
Expense Ratio
FNGU has a high expense ratio of 2.60%, indicating above-average management fees.
Return for Risk
Risk / Return Rank
FNGU ranks 19 for risk / return — in the bottom 19% of ETFs on our site. This means you're taking on significantly more risk than the returns justify. Consider whether the potential upside is worth the volatility, or explore alternatives with better risk / return profiles.
Return / Risk — by metrics
The table below present risk-adjusted performance metrics for MicroSectors FANG+ 3X Leveraged ETNs (FNGU) and compare them to S&P 500 Index.
Values are calculated on a 1-year rolling basis and updated daily. Risk-adjusted metrics are more stable over longer periods — use the period switch above to explore them.
| FNGU | Benchmark | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -1.34 | ||
| Sortino ratioReturn per unit of downside risk | -1.45 | ||
| Omega ratioGain probability vs. loss probability | 1.15 | 1.35 | -0.21 |
| Calmar ratioReturn relative to maximum drawdown | 0.65 | 2.66 | -2.01 |
| Martin ratioReturn relative to average drawdown | 1.53 | 11.86 | -10.33 |
Dividends
Dividend History
Drawdowns
Drawdowns Chart
The Drawdowns chart displays portfolio losses from any high point along the way. Drawdowns are calculated considering price movements and all distributions paid, if any.
Loading charts...
Worst Drawdowns
The table below displays the maximum drawdowns of the MicroSectors FANG+ 3X Leveraged ETNs. 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+ 3X Leveraged ETNs was 61.30%, occurring on Apr 8, 2025. Recovery took 56 trading sessions.
The current MicroSectors FANG+ 3X Leveraged ETNs drawdown is 18.78%.
Related event | Drawdown | Fall | Recovery | Underwater |
|---|---|---|---|---|
2025 selloff2025 | -61.30%Apr 2025 | 1mo 17d | 2mo 23d | 4mo 10dFeb 2025 - Jun 2025 |
2026 bear market2026 | -59.55%Mar 2026 | 5mo 1d | 2mo | 7mo 1dOct 2025 - May 2026 |
2026 bear market2026 | -30.82%Jun 2026 | 8d | — | 18d 5hJun 2026 - now |
2025 correction2025 | -11.39%Oct 2025 | 18d | 17d | 1mo 5dSep 2025 - Oct 2025 |
2025 pullback2025 | -9.84%Aug 2025 | 8d | 7d | 15dAug 2025 - Aug 2025 |
Drawdown Indicators
| FNGU | Benchmark | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -61.30% | -56.78% | -4.52% |
Max Drawdown (1Y)Largest decline over 1 year | -59.55% | -9.10% | -50.45% |
Max Drawdown (3Y)Largest decline over 3 years | — | -18.90% | — |
Max Drawdown (5Y)Largest decline over 5 years | — | -25.43% | — |
Max Drawdown (10Y)Largest decline over 10 years | — | -33.92% | — |
Current DrawdownCurrent decline from peak | -18.78% | -2.49% | -16.29% |
Average DrawdownAverage peak-to-trough decline | -22.24% | -10.72% | -11.52% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 25.05% | 2.03% | +23.02% |
Volatility
Volatility Chart
The chart below shows the rolling one-month volatility.
Loading charts...
Build a portfolio with FNGU
Add MicroSectors FANG+ 3X Leveraged ETNs to a portfolio and analyze allocations for your target — whether that's maximizing returns, minimizing drawdowns, or balancing risk across holdings.
Open Portfolio Analyzer with FNGU