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 | 57.12% | 120.49% |
| 1Y Return | 152.71% | 201.15% |
| 3Y Return (Ann) | -17.77% | 4.19% |
| Sharpe Ratio | 2.31 | 2.70 |
| Sortino Ratio | 2.87 | 2.78 |
| Omega Ratio | 1.33 | 1.37 |
| Calmar Ratio | 1.99 | 2.97 |
| Martin Ratio | 8.99 | 11.22 |
| Ulcer Index | 17.46% | 17.23% |
| Daily Std Dev | 68.05% | 71.59% |
| Max Drawdown | -90.32% | -92.34% |
| Current Drawdown | -44.30% | -8.23% |
Correlation
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.
Performance
BITQ vs. FNGU - Performance Comparison
In the year-to-date period, BITQ achieves a 57.12% return, which is significantly lower than FNGU's 120.49% 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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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 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.
Dividends
BITQ vs. FNGU - Dividend Comparison
BITQ's dividend yield for the trailing twelve months is around 0.96%, while FNGU has not paid dividends to shareholders.
| TTM | 2023 | 2022 | 2021 | |
|---|---|---|---|---|
BITQ Bitwise Crypto Industry Innovators ETF | 0.96% | 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.
Volatility
BITQ vs. FNGU - Volatility Comparison
Bitwise Crypto Industry Innovators ETF (BITQ) has a higher volatility of 23.14% compared to MicroSectors FANG+™ Index 3X Leveraged ETN (FNGU) at 19.55%. 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.