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MicroSectors FANG+™ Index 3X Leveraged ETN (FNGU)

ETF · Currency in USD · Last updated Dec 9, 2023

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.

Summary

ETF Info

ISINUS0636798722
CUSIP063679872
IssuerBank of Montreal
Inception DateJan 22, 2018
RegionNorth America (U.S.)
CategoryLeveraged Equities, Leveraged
Leveraged3x
Index TrackedNYSE FANG (TR) (300%)
ETF Home Pagewww.microsectors.com
Asset ClassEquity

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.


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 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.


50.00%100.00%150.00%200.00%250.00%300.00%JulyAugustSeptemberOctoberNovemberDecember
280.24%
62.18%
FNGU (MicroSectors FANG+™ Index 3X Leveraged ETN)
Benchmark (^GSPC)

S&P 500

Compare to other instruments

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

MicroSectors FANG+™ Index 3X Leveraged ETN

Popular comparisons: FNGU vs. TQQQ, FNGU vs. BULZ, FNGU vs. FNGD, FNGU vs. SOXL, FNGU vs. TECL, FNGU vs. TSLA, FNGU vs. FNGO, FNGU vs. GDXU, FNGU vs. WEBL, FNGU vs. QQQ

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.


PeriodReturnBenchmark
Year-To-Date370.47%19.92%
1 month16.31%5.06%
6 months19.73%7.11%
1 year250.95%16.17%
5 years (annualized)41.52%11.84%
10 years (annualized)N/A9.85%

Monthly Returns Heatmap


JanFebMarAprMayJunJulAugSepOctNovDec
202357.13%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 ratioSortino ratioOmega ratioCalmar ratioUlcer Index
FNGU
MicroSectors FANG+™ Index 3X Leveraged ETN
3.32
^GSPC
S&P 500
1.25

Sharpe Ratio

The current MicroSectors FANG+™ Index 3X Leveraged ETN Sharpe ratio is 3.32. A Sharpe ratio of 3.0 or higher is considered excellent.


Rolling 12-month Sharpe Ratio0.001.002.003.004.00JulyAugustSeptemberOctoberNovemberDecember
3.32
1.25
FNGU (MicroSectors FANG+™ Index 3X Leveraged ETN)
Benchmark (^GSPC)

Dividend History


MicroSectors FANG+™ Index 3X Leveraged ETN doesn't pay dividends

Drawdowns Chart

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


-80.00%-60.00%-40.00%-20.00%0.00%JulyAugustSeptemberOctoberNovemberDecember
-58.21%
-4.01%
FNGU (MicroSectors FANG+™ Index 3X Leveraged ETN)
Benchmark (^GSPC)

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, 2021255Nov 9, 2022
-76.77%Feb 20, 202020Mar 18, 202075Jul 6, 202095
-73.91%Jun 21, 2018129Dec 24, 2018279Feb 4, 2020408
-44.8%Feb 17, 202161May 13, 2021114Oct 25, 2021175
-40.41%Mar 13, 201814Apr 2, 201844Jun 4, 201858

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.


5.00%10.00%15.00%20.00%25.00%JulyAugustSeptemberOctoberNovemberDecember
14.41%
2.77%
FNGU (MicroSectors FANG+™ Index 3X Leveraged ETN)
Benchmark (^GSPC)