BERZ vs. FNGD
Compare and contrast key facts about MicroSectors Solactive FANG & Innovation -3X Inverse Leveraged ETN (BERZ) and MicroSectors FANG+™ Index -3X Inverse Leveraged ETN (FNGD).
BERZ and FNGD are both exchange-traded funds (ETFs), meaning they are traded on stock exchanges and can be bought and sold throughout the day. BERZ is a passively managed fund by BMO Financial Group that tracks the performance of the Solactive FANG Innovation Index. It was launched on Aug 17, 2021. FNGD is a passively managed fund by BMO Financial Group that tracks the performance of the NYSE FANG+ Index (-300%). It was launched on Jan 22, 2018. Both BERZ and FNGD 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: BERZ or FNGD.
Key characteristics
| BERZ | FNGD | |
|---|---|---|
| YTD Return | -65.32% | -72.23% |
| 1Y Return | -75.13% | -78.61% |
| 3Y Return (Ann) | -57.22% | -64.11% |
| Sharpe Ratio | -1.06 | -1.11 |
| Sortino Ratio | -2.21 | -2.43 |
| Omega Ratio | 0.76 | 0.74 |
| Calmar Ratio | -0.77 | -0.78 |
| Martin Ratio | -1.41 | -1.40 |
| Ulcer Index | 53.09% | 55.90% |
| Daily Std Dev | 70.92% | 71.01% |
| Max Drawdown | -97.18% | -99.98% |
| Current Drawdown | -97.11% | -99.98% |
Correlation
The correlation between BERZ and FNGD is 0.94, 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
BERZ vs. FNGD - Performance Comparison
In the year-to-date period, BERZ achieves a -65.32% return, which is significantly higher than FNGD's -72.23% 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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BERZ vs. FNGD - Expense Ratio Comparison
Both BERZ and FNGD have an expense ratio of 0.95%.
Risk-Adjusted Performance
BERZ vs. FNGD - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for MicroSectors Solactive FANG & Innovation -3X Inverse Leveraged ETN (BERZ) and MicroSectors FANG+™ Index -3X Inverse Leveraged ETN (FNGD). 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
BERZ vs. FNGD - Dividend Comparison
Neither BERZ nor FNGD has paid dividends to shareholders.
Drawdowns
BERZ vs. FNGD - Drawdown Comparison
The maximum BERZ drawdown since its inception was -97.18%, roughly equal to the maximum FNGD drawdown of -99.98%. Use the drawdown chart below to compare losses from any high point for BERZ and FNGD. For additional features, visit the drawdowns tool.
Volatility
BERZ vs. FNGD - Volatility Comparison
MicroSectors Solactive FANG & Innovation -3X Inverse Leveraged ETN (BERZ) has a higher volatility of 22.61% compared to MicroSectors FANG+™ Index -3X Inverse Leveraged ETN (FNGD) at 18.38%. This indicates that BERZ's price experiences larger fluctuations and is considered to be riskier than FNGD based on this measure. The chart below showcases a comparison of their rolling one-month volatility.