^DWCF vs. FNGU
^DWCF (Dow Jones U.S. Total Stock Market Index) is an index, while FNGU (MicroSectors FANG+ 3X Leveraged ETNs) is Leveraged Equities fund tracking the NYSE FANG+ Index (Gross Total Return) (300%). Over the past year, ^DWCF returned 27.20% vs 52.63% for FNGU. A 0.78 correlation means they provide meaningful diversification when combined.
Performance
^DWCF vs. FNGU - Performance Comparison
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Returns By Period
In the year-to-date period, ^DWCF achieves a 11.22% return, which is significantly lower than FNGU's 27.32% return.
^DWCF
- 1D
- 0.49%
- 1M
- 4.48%
- YTD
- 11.22%
- 6M
- 10.82%
- 1Y
- 27.20%
- 3Y*
- 20.78%
- 5Y*
- 11.23%
- 10Y*
- 13.17%
FNGU
- 1D
- -6.51%
- 1M
- 22.14%
- YTD
- 27.32%
- 6M
- 8.98%
- 1Y
- 52.63%
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
^DWCF vs. FNGU - Yearly Performance Comparison
| 2026 (YTD) | 2025 | |
|---|---|---|
^DWCF Dow Jones U.S. Total Stock Market Index | 11.22% | 11.21% |
FNGU MicroSectors FANG+ 3X Leveraged ETNs | 27.32% | 4.24% |
Correlation
The correlation between ^DWCF and FNGU is 0.75, which is moderate. They share some common price drivers but move independently often enough to provide real diversification benefit when combined.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.75 |
Correlation (All Time) Calculated using the full available price history since Feb 21, 2025 | 0.78 |
The correlation between ^DWCF and FNGU has been stable across timeframes, ranging from 0.75 to 0.78 - a consistent structural relationship.
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Return for Risk
^DWCF vs. FNGU — Risk / Return Rank
^DWCF
FNGU
^DWCF vs. FNGU - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Dow Jones U.S. Total Stock Market Index (^DWCF) and MicroSectors FANG+ 3X Leveraged ETNs (FNGU). 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.
| ^DWCF | FNGU | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +1.31 | ||
| Sortino ratioReturn per unit of downside risk | +1.56 | ||
| Omega ratioGain probability vs. loss probability | 1.40 | 1.18 | +0.22 |
| Calmar ratioReturn relative to maximum drawdown | 3.00 | 0.89 | +2.11 |
| Martin ratioReturn relative to average drawdown | 13.60 | 2.15 | +11.45 |
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month. | |||
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Sharpe Ratios by Period
| ^DWCF | FNGU | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 2.23 | 0.91 | +1.31 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.65 | — | — |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.72 | — | — |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.50 | 0.31 | +0.18 |
Drawdowns
^DWCF vs. FNGU - Drawdown Comparison
The maximum ^DWCF drawdown since its inception was -56.81%, smaller than the maximum FNGU drawdown of -60.84%. Use the drawdown chart below to compare losses from any high point for ^DWCF and FNGU.
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Drawdown Indicators
| ^DWCF | FNGU | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -56.81% | -60.84% | +4.03% |
Max Drawdown (1Y)Largest decline over 1 year | -9.12% | -59.55% | +50.43% |
Max Drawdown (3Y)Largest decline over 3 years | -19.59% | — | — |
Max Drawdown (5Y)Largest decline over 5 years | -26.31% | — | — |
Max Drawdown (10Y)Largest decline over 10 years | -35.14% | — | — |
Current DrawdownCurrent decline from peak | -0.28% | -11.04% | +10.76% |
Average DrawdownAverage peak-to-trough decline | -10.30% | -22.03% | +11.73% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 2.01% | 24.58% | -22.57% |
Volatility
^DWCF vs. FNGU - Volatility Comparison
The current volatility for Dow Jones U.S. Total Stock Market Index (^DWCF) is 3.03%, while MicroSectors FANG+ 3X Leveraged ETNs (FNGU) has a volatility of 18.24%. This indicates that ^DWCF experiences smaller price fluctuations and is considered to be less risky than FNGU based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| ^DWCF | FNGU | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 3.03% | 18.24% | -15.21% |
Volatility (6M)Calculated over the trailing 6-month period | 9.25% | 45.27% | -36.02% |
Volatility (1Y)Calculated over the trailing 1-year period | 12.28% | 57.86% | -45.58% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 17.40% | 78.70% | -61.30% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 18.46% | 78.70% | -60.24% |
Frequently Asked Questions
^DWCF and FNGU have a correlation of 0.75, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
FNGU has higher volatility (18.24%) compared to ^DWCF (3.03%). In terms of maximum drawdown, ^DWCF dropped -56.81% vs FNGU's -60.84%.
^DWCF currently has the higher Sharpe Ratio (2.23 vs 0.91), meaning it's delivered slightly more return per unit of risk over the trailing 12 months. However, this ranking shifts over time - use the Risk/Return Score above for a more comprehensive view that combines Sharpe, Sortino, and other measures used by quantitative funds.
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