Correlation
The correlation between CBAY and FNGU is 0.27, 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.
CBAY vs. FNGU
Compare and contrast key facts about CymaBay Therapeutics, Inc. (CBAY) and MicroSectors FANG+™ Index 3X Leveraged ETN (FNGU).
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: CBAY or FNGU.
Performance
CBAY vs. FNGU - Performance Comparison
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Key characteristics
Returns By Period
CBAY
N/A
N/A
N/A
N/A
N/A
N/A
N/A
FNGU
-25.65%
10.02%
-14.59%
23.29%
82.06%
41.24%
N/A
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Risk-Adjusted Performance
CBAY vs. FNGU — Risk-Adjusted Performance Rank
CBAY
FNGU
CBAY vs. FNGU - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for CymaBay Therapeutics, Inc. (CBAY) 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.
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Dividends
CBAY vs. FNGU - Dividend Comparison
Neither CBAY nor FNGU has paid dividends to shareholders.
Drawdowns
CBAY vs. FNGU - Drawdown Comparison
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Volatility
CBAY vs. FNGU - Volatility Comparison
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