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%) |
| 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
Loading data...
Compare to other instruments
Search for stocks, ETFs, and funds for a quick comparison or use the comparison tool for more options.
Performance
Performance Chart
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.
Returns By Period
MicroSectors FANG+™ Index 3X Leveraged ETN had a return of 10.76% year-to-date (YTD) and 188.76% in the last 12 months.
| Period | Return | Benchmark |
|---|---|---|
| Year-To-Date | 10.76% | 4.14% |
| 1 month | -22.68% | -4.93% |
| 6 months | 77.48% | 17.59% |
| 1 year | 188.76% | 20.28% |
| 5 years (annualized) | 40.40% | 11.33% |
| 10 years (annualized) | N/A | 10.22% |
Monthly Returns Heatmap
| Jan | Feb | Mar | Apr | May | Jun | Jul | Aug | Sep | Oct | Nov | Dec | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 2024 | 8.08% | 28.04% | 1.46% | |||||||||
| 2023 | -18.30% | -7.03% | 43.32% | 16.43% |
Risk-Adjusted Performance
Risk-Adjusted Performance Rank
MicroSectors FANG+™ Index 3X Leveraged ETN(FNGU)
Risk-Adjusted Performance Indicators
The charts below present risk-adjusted performance metrics for MicroSectors FANG+™ Index 3X Leveraged ETN (FNGU) and compare them to a chosen benchmark (^GSPC). These indicators evaluate an investment's returns against its associated risks.
Dividends
Dividend History
Drawdowns
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.
The current MicroSectors FANG+™ Index 3X Leveraged ETN drawdown is 47.07%.
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
Volatility Chart
The current MicroSectors FANG+™ Index 3X Leveraged ETN volatility is 18.59%, 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.