Correlation
The correlation between AMZZ and FNGO is 0.68, which is considered to be moderate. This suggests that the two assets have some degree of positive relationship in their price movements. Moderate correlation can be acceptable for portfolio diversification, offering a balance between risk and potential returns.
AMZZ vs. FNGO
Compare and contrast key facts about GraniteShares 2x Long AMZN Daily ETF (AMZZ) and MicroSectors FANG+ Index 2X Leveraged ETN (FNGO).
AMZZ and FNGO are both exchange-traded funds (ETFs), meaning they are traded on stock exchanges and can be bought and sold throughout the day. AMZZ is an actively managed fund by GraniteShares. It was launched on Mar 15, 2024. FNGO is a passively managed fund by Bank of Montreal that tracks the performance of the NYSE FANG+ Index (+200%). It was launched on Aug 1, 2018.
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: AMZZ or FNGO.
Performance
AMZZ vs. FNGO - Performance Comparison
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Key characteristics
AMZZ:
0.00
FNGO:
0.66
AMZZ:
0.45
FNGO:
1.23
AMZZ:
1.06
FNGO:
1.16
AMZZ:
-0.04
FNGO:
0.83
AMZZ:
-0.10
FNGO:
2.17
AMZZ:
23.60%
FNGO:
18.26%
AMZZ:
69.30%
FNGO:
65.13%
AMZZ:
-55.28%
FNGO:
-78.39%
AMZZ:
-36.84%
FNGO:
-13.83%
Returns By Period
In the year-to-date period, AMZZ achieves a -23.99% return, which is significantly lower than FNGO's -3.14% return.
AMZZ
-23.99%
14.17%
-7.14%
0.66%
N/A
N/A
N/A
FNGO
-3.14%
22.88%
7.93%
39.97%
73.23%
43.75%
N/A
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AMZZ vs. FNGO - Expense Ratio Comparison
AMZZ has a 1.15% expense ratio, which is higher than FNGO's 0.95% expense ratio.
Risk-Adjusted Performance
AMZZ vs. FNGO — Risk-Adjusted Performance Rank
AMZZ
FNGO
AMZZ vs. FNGO - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for GraniteShares 2x Long AMZN Daily ETF (AMZZ) and MicroSectors FANG+ Index 2X Leveraged ETN (FNGO). 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.
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Dividends
AMZZ vs. FNGO - Dividend Comparison
Neither AMZZ nor FNGO has paid dividends to shareholders.
Drawdowns
AMZZ vs. FNGO - Drawdown Comparison
The maximum AMZZ drawdown since its inception was -55.28%, smaller than the maximum FNGO drawdown of -78.39%. Use the drawdown chart below to compare losses from any high point for AMZZ and FNGO.
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Volatility
AMZZ vs. FNGO - Volatility Comparison
GraniteShares 2x Long AMZN Daily ETF (AMZZ) has a higher volatility of 19.66% compared to MicroSectors FANG+ Index 2X Leveraged ETN (FNGO) at 12.67%. This indicates that AMZZ's price experiences larger fluctuations and is considered to be riskier than FNGO based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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