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.
Key characteristics
| BITQ | FNGU | |
|---|---|---|
| YTD Return | 94.99% | 247.76% |
| 1Y Return | -17.68% | 69.30% |
| 5Y Return (Ann) | -41.77% | 19.62% |
| 10Y Return (Ann) | -41.77% | 21.36% |
| Sharpe Ratio | -0.20 | 0.89 |
| Daily Std Dev | 76.02% | 110.88% |
| Max Drawdown | -90.32% | -92.34% |
Correlation
The correlation between BITQ and FNGU is 0.73, 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.
BITQ vs. FNGU - Performance Comparison
In the year-to-date period, BITQ achieves a 94.99% return, which is significantly lower than FNGU's 247.76% return. Over the past 10 years, BITQ has underperformed FNGU with an annualized return of -41.77%, while FNGU has yielded a comparatively higher 21.36% annualized return. The chart below displays the growth of a $10,000 investment in both assets, with all prices adjusted for splits and dividends.
Compare stocks, funds, or ETFs
BITQ vs. FNGU - Dividend Comparison
Neither BITQ nor FNGU has paid dividends to shareholders.
| TTM | 2022 | 2021 | |
|---|---|---|---|
BITQ Bitwise Crypto Industry Innovators ETF | 0.00% | 0.00% | 3.12% |
FNGU MicroSectors FANG+™ Index 3X Leveraged ETN | 0.00% | 0.00% | 0.00% |
BITQ vs. FNGU - Expense Ratio Comparison
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 ratio | Sortino ratio | Omega ratio | Calmar ratio | Ulcer Index | |
|---|---|---|---|---|---|
BITQ Bitwise Crypto Industry Innovators ETF | -0.20 | ||||
FNGU MicroSectors FANG+™ Index 3X Leveraged ETN | 0.89 |
BITQ vs. FNGU - Drawdown Comparison
The maximum BITQ drawdown for the period was -90.32%, roughly equal to the maximum FNGU drawdown of -92.08%. The drawdown chart below compares losses from any high point along the way for BITQ and FNGU
BITQ vs. FNGU - Volatility Comparison
The current volatility for Bitwise Crypto Industry Innovators ETF (BITQ) is 16.61%, while MicroSectors FANG+™ Index 3X Leveraged ETN (FNGU) has a volatility of 19.51%. This indicates that BITQ 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.