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

Performance

BITQ vs. FNGU - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Bitwise Crypto Industry Innovators ETF (BITQ) and MicroSectors FANG+™ Index 3X Leveraged ETN (FNGU). The values are adjusted to include any dividend payments, if applicable.

-20.00%0.00%20.00%40.00%60.00%80.00%JuneJulyAugustSeptemberOctoberNovember
68.79%
40.44%
BITQ
FNGU

Returns By Period

In the year-to-date period, BITQ achieves a 79.12% return, which is significantly lower than FNGU's 117.71% return.


BITQ

YTD

79.12%

1M

32.23%

6M

68.78%

1Y

179.68%

5Y (annualized)

N/A

10Y (annualized)

N/A

FNGU

YTD

117.71%

1M

9.93%

6M

40.45%

1Y

148.30%

5Y (annualized)

62.08%

10Y (annualized)

N/A

Key characteristics


BITQFNGU
Sharpe Ratio2.482.04
Sortino Ratio3.012.37
Omega Ratio1.341.32
Calmar Ratio2.252.37
Martin Ratio9.948.41
Ulcer Index17.50%17.31%
Daily Std Dev70.00%71.44%
Max Drawdown-90.32%-92.34%
Current Drawdown-36.51%-9.38%

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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.


FNGU
MicroSectors FANG+™ Index 3X Leveraged ETN
Expense ratio chart for FNGU: current value at 0.95% compared with the broader market ranging from 0.00% to 2.12%.0.50%1.00%1.50%2.00%0.95%
Expense ratio chart for BITQ: current value at 0.85% compared with the broader market ranging from 0.00% to 2.12%.0.50%1.00%1.50%2.00%0.85%

Correlation

-0.50.00.51.00.6

The correlation between BITQ and FNGU is 0.62, 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.

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 ratio
The chart of Sharpe ratio for BITQ, currently valued at 2.48, compared to the broader market0.002.004.006.002.482.04
The chart of Sortino ratio for BITQ, currently valued at 3.01, compared to the broader market-2.000.002.004.006.008.0010.0012.003.012.37
The chart of Omega ratio for BITQ, currently valued at 1.34, compared to the broader market0.501.001.502.002.503.001.341.32
The chart of Calmar ratio for BITQ, currently valued at 2.25, compared to the broader market0.005.0010.0015.002.252.37
The chart of Martin ratio for BITQ, currently valued at 9.94, compared to the broader market0.0020.0040.0060.0080.00100.009.948.41
BITQ
FNGU

The current BITQ Sharpe Ratio is 2.48, which is comparable to the FNGU Sharpe Ratio of 2.04. The chart below compares the historical Sharpe Ratios of BITQ and FNGU, offering insights into how both investments have performed under varying market conditions. These values are calculated using daily returns over the previous 12 months.

Rolling 12-month Sharpe Ratio0.001.002.003.004.00JuneJulyAugustSeptemberOctoberNovember
2.48
2.04
BITQ
FNGU

Dividends

BITQ vs. FNGU - Dividend Comparison

BITQ's dividend yield for the trailing twelve months is around 0.84%, while FNGU has not paid dividends to shareholders.


TTM202320222021
BITQ
Bitwise Crypto Industry Innovators ETF
0.84%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%. Use the drawdown chart below to compare losses from any high point for BITQ and FNGU. For additional features, visit the drawdowns tool.


-70.00%-60.00%-50.00%-40.00%-30.00%-20.00%-10.00%0.00%JuneJulyAugustSeptemberOctoberNovember
-36.51%
-9.38%
BITQ
FNGU

Volatility

BITQ vs. FNGU - Volatility Comparison

Bitwise Crypto Industry Innovators ETF (BITQ) has a higher volatility of 27.94% compared to MicroSectors FANG+™ Index 3X Leveraged ETN (FNGU) at 21.51%. 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%35.00%JuneJulyAugustSeptemberOctoberNovember
27.94%
21.51%
BITQ
FNGU