BITX vs. FNGU
Compare and contrast key facts about Volatility Shares 2x Bitcoin Strategy ETF (BITX) and MicroSectors FANG+™ Index 3X Leveraged ETN (FNGU).
BITX and FNGU are both exchange-traded funds (ETFs), meaning they are traded on stock exchanges and can be bought and sold throughout the day. BITX is an actively managed fund by Volatility Shares. It was launched on Jun 27, 2023. 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.
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: BITX or FNGU.
Key characteristics
| BITX | FNGU | |
|---|---|---|
| YTD Return | 94.11% | 51.17% |
| Daily Std Dev | 100.66% | 69.62% |
| Max Drawdown | -46.05% | -92.34% |
| Current Drawdown | -25.96% | -27.75% |
Correlation
The correlation between BITX and FNGU is 0.15, 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
BITX vs. FNGU - Performance Comparison
In the year-to-date period, BITX achieves a 94.11% return, which is significantly higher than FNGU's 51.17% 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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BITX vs. FNGU - Expense Ratio Comparison
BITX has a 1.85% expense ratio, which is higher than FNGU's 0.95% expense ratio.
Risk-Adjusted Performance
BITX vs. FNGU - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for Volatility Shares 2x Bitcoin Strategy ETF (BITX) 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.
Not enough dataDividends
BITX vs. FNGU - Dividend Comparison
Neither BITX nor FNGU has paid dividends to shareholders.
Drawdowns
BITX vs. FNGU - Drawdown Comparison
The maximum BITX drawdown since its inception was -46.05%, smaller than the maximum FNGU drawdown of -92.34%. Use the drawdown chart below to compare losses from any high point for BITX and FNGU. For additional features, visit the drawdowns tool.
Volatility
BITX vs. FNGU - Volatility Comparison
Volatility Shares 2x Bitcoin Strategy ETF (BITX) has a higher volatility of 31.30% compared to MicroSectors FANG+™ Index 3X Leveraged ETN (FNGU) at 20.98%. This indicates that BITX'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.