AMZU vs. FNGU
Compare and contrast key facts about Direxion Daily AMZN Bull 2X Shares (AMZU) and MicroSectors FANG+™ Index 3X Leveraged ETN (FNGU).
AMZU and FNGU are both exchange-traded funds (ETFs), meaning they are traded on stock exchanges and can be bought and sold throughout the day. AMZU is a passively managed fund by Direxion that tracks the performance of the Amazon.com, Inc. (150%). It was launched on Sep 6, 2022. FNGU is a passively managed fund by Bank of Montreal that tracks the performance of the NYSE FANG (TR) (300%). It was launched on Jan 22, 2018. Both AMZU and FNGU are passive ETFs, meaning that they are not actively managed but aim to replicate the performance of the underlying index as closely as possible.
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: AMZU or FNGU.
Key characteristics
| AMZU | FNGU | |
|---|---|---|
| YTD Return | 22.88% | 69.18% |
| 1Y Return | 28.21% | 113.49% |
| Sharpe Ratio | 0.56 | 1.57 |
| Daily Std Dev | 50.03% | 73.01% |
| Max Drawdown | -55.59% | -92.34% |
| Current Drawdown | -17.41% | -29.58% |
Correlation
The correlation between AMZU and FNGU is 0.76, which is considered to be high. That indicates a strong positive relationship between their price movements. Having highly-correlated positions in a portfolio may signal a lack of diversification, potentially leading to increased risk during market downturns.
Performance
AMZU vs. FNGU - Performance Comparison
In the year-to-date period, AMZU achieves a 22.88% return, which is significantly lower than FNGU's 69.18% return. The chart below displays the growth of a $10,000 investment in both assets, with all prices adjusted for splits and dividends.
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AMZU vs. FNGU - Expense Ratio Comparison
AMZU has a 1.06% expense ratio, which is higher than FNGU's 0.95% expense ratio.
Risk-Adjusted Performance
AMZU vs. FNGU - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for Direxion Daily AMZN Bull 2X Shares (AMZU) and MicroSectors FANG+™ Index 3X Leveraged ETN (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.
Dividends
AMZU vs. FNGU - Dividend Comparison
AMZU's dividend yield for the trailing twelve months is around 3.59%, while FNGU has not paid dividends to shareholders.
| TTM | 2023 | 2022 | |
|---|---|---|---|
AMZU Direxion Daily AMZN Bull 2X Shares | 3.59% | 3.37% | 0.50% |
FNGU MicroSectors FANG+™ Index 3X Leveraged ETN | 0.00% | 0.00% | 0.00% |
Drawdowns
AMZU vs. FNGU - Drawdown Comparison
The maximum AMZU drawdown since its inception was -55.59%, smaller than the maximum FNGU drawdown of -92.34%. Use the drawdown chart below to compare losses from any high point for AMZU and FNGU. For additional features, visit the drawdowns tool.
Volatility
AMZU vs. FNGU - Volatility Comparison
The current volatility for Direxion Daily AMZN Bull 2X Shares (AMZU) is 18.67%, while MicroSectors FANG+™ Index 3X Leveraged ETN (FNGU) has a volatility of 27.10%. This indicates that AMZU 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.