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MicroSectors FANG+ Index -2X Leveraged ETNS (FNGZ)

ETF · Currency in USD · Last updated May 21, 2022

FNGZ is a passive ETF by BMO Financial Group tracking the investment results of the NYSE FANG (TR) (200%). FNGZ launched on Aug 1, 2018 and has a 0.95% expense ratio.

ETF Info

FNGZShare Price Chart


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FNGZPerformance

The chart shows the growth of $10,000 invested in MicroSectors FANG+ Index -2X Leveraged ETNS on Aug 7, 2018 and compares it to the S&P 500 index or another benchmark. It would be worth nearly $494 for a total return of roughly -95.06%. All prices are adjusted for splits and dividends.


FNGZ (MicroSectors FANG+ Index -2X Leveraged ETNS)
Benchmark (^GSPC)

FNGZReturns in periods

Returns over 1 year are annualized

PeriodReturnBenchmark
YTD0.00%0.64%
1M-9.67%5.69%
6M-13.25%10.21%
1Y-43.94%27.70%
5Y-61.08%17.62%
10Y-61.08%17.62%

FNGZMonthly Returns Heatmap


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FNGZSharpe Ratio Chart

The Sharpe ratio shows whether the portfolio's excess returns are due to smart investment decisions or a result of taking a higher risk. The higher a portfolio's Sharpe ratio, the better its risk-adjusted performance.

The current MicroSectors FANG+ Index -2X Leveraged ETNS Sharpe ratio is -0.94. A negative Sharpe ratio means that the risk-free rate is higher than the portfolio's return. This value does not convey any meaningful information.

The chart below displays rolling 12-month Sharpe Ratio.


FNGZ (MicroSectors FANG+ Index -2X Leveraged ETNS)
Benchmark (^GSPC)

FNGZDividend History


MicroSectors FANG+ Index -2X Leveraged ETNS doesn't pay dividends

FNGZDrawdowns Chart

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


FNGZ (MicroSectors FANG+ Index -2X Leveraged ETNS)
Benchmark (^GSPC)

FNGZWorst Drawdowns

The table below shows the maximum drawdowns of the MicroSectors FANG+ Index -2X Leveraged ETNS. A maximum drawdown is an indicator of risk. It shows a reduction in portfolio value from its maximum due to a series of losing trades.

The maximum drawdown since January 2010 for the MicroSectors FANG+ Index -2X Leveraged ETNS is 97.15%, recorded on Nov 4, 2021. The portfolio has not recovered from it yet.


Depth

Start

To Bottom

Bottom

To Recover

End

Total

-97.15%Dec 26, 2018722Nov 4, 2021
-16.41%Nov 1, 20181Nov 1, 201817Dec 17, 201818
-6.57%Aug 7, 20182Aug 8, 20186Sep 6, 20188
-5.28%Sep 11, 20185Sep 21, 20182Oct 10, 20187
-2.02%Dec 18, 20181Dec 18, 20181Dec 19, 20182

FNGZVolatility Chart

Current MicroSectors FANG+ Index -2X Leveraged ETNS volatility is 0.00%. The chart below shows the rolling 10-day volatility. Volatility is a statistical measure showing how big price swings are in either direction. The higher asset volatility, the riskier it is, because the price movements are less predictable.


FNGZ (MicroSectors FANG+ Index -2X Leveraged ETNS)
Benchmark (^GSPC)

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