BITQ vs. FNGU
Compare and contrast key facts about Bitwise Crypto Industry Innovators ETF (BITQ) and MicroSectors FANG+™ Index 3X Leveraged ETN (FNGU).
BITQ and FNGU are both exchange-traded funds (ETFs), meaning they are traded on stock exchanges and can be bought and sold throughout the day. BITQ is a passively managed fund by Exchange Traded Concepts that tracks the performance of the Bitwise Crypto Innovators 30 Total Return. It was launched on May 11, 2021. 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 BITQ 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: BITQ or FNGU.
Correlation
The correlation between BITQ and FNGU is 0.20, which is considered to be low. This implies their price changes are not closely related. A low correlation is generally favorable for portfolio diversification, as it helps to reduce overall risk by spreading it across multiple assets with different performance patterns.
Performance
BITQ vs. FNGU - Performance Comparison
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Key characteristics
BITQ:
46.85%
FNGU:
11.40%
BITQ:
0.00%
FNGU:
-1.15%
BITQ:
0.00%
FNGU:
-0.53%
Returns By Period
BITQ
N/A
N/A
N/A
N/A
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FNGU
N/A
N/A
N/A
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BITQ vs. FNGU - Expense Ratio Comparison
BITQ has a 0.85% expense ratio, which is lower than FNGU's 0.95% expense ratio.
Risk-Adjusted Performance
BITQ vs. FNGU — Risk-Adjusted Performance Rank
BITQ
FNGU
BITQ vs. FNGU - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for Bitwise Crypto Industry Innovators ETF (BITQ) 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.
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Dividends
BITQ vs. FNGU - Dividend Comparison
Neither BITQ nor FNGU has paid dividends to shareholders.
Drawdowns
BITQ vs. FNGU - Drawdown Comparison
The maximum BITQ drawdown since its inception was 0.00%, smaller than the maximum FNGU drawdown of -1.15%. Use the drawdown chart below to compare losses from any high point for BITQ and FNGU. For additional features, visit the drawdowns tool.
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Volatility
BITQ vs. FNGU - Volatility Comparison
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