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

Performance

BULZ vs. FNGU - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in MicroSectors Solactive FANG & Innovation 3X Leveraged ETN (BULZ) 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%JuneJulyAugustSeptemberOctoberNovember
22.48%
43.30%
BULZ
FNGU

Returns By Period

In the year-to-date period, BULZ achieves a 53.82% return, which is significantly lower than FNGU's 117.45% return.


BULZ

YTD

53.82%

1M

9.66%

6M

22.48%

1Y

81.85%

5Y (annualized)

N/A

10Y (annualized)

N/A

FNGU

YTD

117.45%

1M

9.08%

6M

43.30%

1Y

147.64%

5Y (annualized)

61.98%

10Y (annualized)

N/A

Key characteristics


BULZFNGU
Sharpe Ratio1.192.07
Sortino Ratio1.722.40
Omega Ratio1.231.32
Calmar Ratio1.092.41
Martin Ratio4.148.55
Ulcer Index20.09%17.32%
Daily Std Dev70.13%71.42%
Max Drawdown-94.44%-92.34%
Current Drawdown-53.24%-9.49%

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BULZ vs. FNGU - Expense Ratio Comparison

Both BULZ and FNGU have an expense ratio of 0.95%.


BULZ
MicroSectors Solactive FANG & Innovation 3X Leveraged ETN
Expense ratio chart for BULZ: 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 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%

Correlation

-0.50.00.51.00.9

The correlation between BULZ and FNGU is 0.94, 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.

Risk-Adjusted Performance

BULZ vs. FNGU - Risk-Adjusted Performance Comparison

This table presents a comparison of risk-adjusted performance metrics for MicroSectors Solactive FANG & Innovation 3X Leveraged ETN (BULZ) 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 BULZ, currently valued at 1.19, compared to the broader market0.002.004.001.192.07
The chart of Sortino ratio for BULZ, currently valued at 1.72, compared to the broader market-2.000.002.004.006.008.0010.0012.001.722.40
The chart of Omega ratio for BULZ, currently valued at 1.23, compared to the broader market0.501.001.502.002.503.001.231.32
The chart of Calmar ratio for BULZ, currently valued at 1.09, compared to the broader market0.005.0010.0015.001.092.41
The chart of Martin ratio for BULZ, currently valued at 4.14, compared to the broader market0.0020.0040.0060.0080.00100.004.148.55
BULZ
FNGU

The current BULZ Sharpe Ratio is 1.19, which is lower than the FNGU Sharpe Ratio of 2.07. The chart below compares the historical Sharpe Ratios of BULZ 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
1.19
2.07
BULZ
FNGU

Dividends

BULZ vs. FNGU - Dividend Comparison

Neither BULZ nor FNGU has paid dividends to shareholders.


Tickers have no history of dividend payments

Drawdowns

BULZ vs. FNGU - Drawdown Comparison

The maximum BULZ drawdown since its inception was -94.44%, roughly equal to the maximum FNGU drawdown of -92.34%. Use the drawdown chart below to compare losses from any high point for BULZ and FNGU. For additional features, visit the drawdowns tool.


-80.00%-60.00%-40.00%-20.00%0.00%JuneJulyAugustSeptemberOctoberNovember
-53.24%
-9.49%
BULZ
FNGU

Volatility

BULZ vs. FNGU - Volatility Comparison

MicroSectors Solactive FANG & Innovation 3X Leveraged ETN (BULZ) has a higher volatility of 21.96% compared to MicroSectors FANG+™ Index 3X Leveraged ETN (FNGU) at 20.00%. This indicates that BULZ'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
21.96%
20.00%
BULZ
FNGU