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.
|Issuer||Bank of Montreal|
|Inception Date||Jan 22, 2018|
|Region||North America (U.S.)|
|Category||Leveraged Equities, Leveraged|
|Index Tracked||NYSE FANG (TR) (300%)|
|ETF Home Page||www.microsectors.com|
Asset Class Size
Asset Class Style
The MicroSectors FANG+™ Index 3X Leveraged ETN has a high expense ratio of 0.95%, indicating higher-than-average management fees.
Share Price 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.
Compare to other instruments
MicroSectors FANG+™ Index 3X Leveraged ETN had a return of 370.47% year-to-date (YTD) and 250.95% in the last 12 months.
|5 years (annualized)||41.52%||11.84%|
|10 years (annualized)||N/A||9.85%|
Monthly Returns Heatmap
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.
The Drawdowns chart displays portfolio losses from any high point along the way.
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.
|-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|
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.