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BITQ vs. FNGU
Performance
Risk-Adjusted Performance
Dividends
Drawdowns
Volatility

Key characteristics


BITQFNGU
YTD Return12.86%42.28%
1Y Return158.15%282.63%
Sharpe Ratio2.353.89
Daily Std Dev66.99%69.86%
Max Drawdown-90.32%-92.34%
Current Drawdown-59.99%-32.00%

Correlation

0.63
-1.001.00

The correlation between BITQ and FNGU is 0.63, 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.

Performance

BITQ vs. FNGU - Performance Comparison

In the year-to-date period, BITQ achieves a 12.86% return, which is significantly lower than FNGU's 42.28% return. The chart below displays the growth of a $10,000 investment in both assets, with all prices adjusted for splits and dividends.


-60.00%-40.00%-20.00%0.00%20.00%40.00%OctoberNovemberDecember2024FebruaryMarch
-31.79%
26.67%
BITQ
FNGU

Compare stocks, funds, or ETFs


Bitwise Crypto Industry Innovators ETF

MicroSectors FANG+™ Index 3X Leveraged ETN

BITQ vs. FNGU - Expense Ratio Comparison

BITQ has a 0.85% expense ratio, which is lower than FNGU's 0.95% expense ratio.

FNGU
MicroSectors FANG+™ Index 3X Leveraged ETN
0.50%1.00%1.50%2.00%0.95%
0.50%1.00%1.50%2.00%0.85%

Risk-Adjusted Performance

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.


Sharpe ratioSortino ratioOmega ratioCalmar ratioUlcer Index
BITQ
Bitwise Crypto Industry Innovators ETF
2.35
FNGU
MicroSectors FANG+™ Index 3X Leveraged ETN
3.89

BITQ vs. FNGU - Sharpe Ratio Comparison

The current BITQ Sharpe Ratio is 2.35, which is lower than the FNGU Sharpe Ratio of 3.89. The chart below compares the 12-month rolling Sharpe Ratio of BITQ and FNGU.


Rolling 12-month Sharpe Ratio0.001.002.003.004.005.006.00OctoberNovemberDecember2024FebruaryMarch
2.35
3.89
BITQ
FNGU

Dividends

BITQ vs. FNGU - Dividend Comparison

BITQ's dividend yield for the trailing twelve months is around 1.34%, while FNGU has not paid dividends to shareholders.


TTM202320222021
BITQ
Bitwise Crypto Industry Innovators ETF
1.34%1.51%0.00%3.12%
FNGU
MicroSectors FANG+™ Index 3X Leveraged ETN
0.00%0.00%0.00%0.00%

Drawdowns

BITQ vs. FNGU - Drawdown Comparison

The maximum BITQ drawdown since its inception was -90.32%, roughly equal to the maximum FNGU drawdown of -92.34%. The drawdown chart below compares losses from any high point along the way for BITQ and FNGU


-80.00%-70.00%-60.00%-50.00%-40.00%-30.00%OctoberNovemberDecember2024FebruaryMarch
-59.99%
-32.00%
BITQ
FNGU

Volatility

BITQ vs. FNGU - Volatility Comparison

Bitwise Crypto Industry Innovators ETF (BITQ) has a higher volatility of 22.21% compared to MicroSectors FANG+™ Index 3X Leveraged ETN (FNGU) at 18.51%. This indicates that BITQ's price experiences larger fluctuations and is considered to be riskier than FNGU based on this measure. The chart below showcases a comparison of their rolling one-month volatility.


10.00%15.00%20.00%25.00%30.00%OctoberNovemberDecember2024FebruaryMarch
22.21%
18.51%
BITQ
FNGU