CBZ vs. FNGG
CBZ (CBIZ, Inc.) is a stock, while FNGG (Direxion Daily NYSE FANG+ Bull 2X Shares) is Leveraged Equities fund tracking the NYSE FANG+ Index (2x Leveraged). Over the past 3 years, CBZ returned -7.34%/yr vs 47.01%/yr for FNGG. At a 0.24 correlation, their price movements are largely independent.
Performance
CBZ vs. FNGG - Performance Comparison
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Returns By Period
In the year-to-date period, CBZ achieves a -14.81% return, which is significantly lower than FNGG's 15.08% return.
CBZ
- 1D
- 6.62%
- 1M
- 26.12%
- 6M
- -16.56%
- YTD
- -14.81%
- 1Y
- -41.86%
- 3Y*
- -7.34%
- 5Y*
- 6.32%
- 10Y*
- 14.85%
FNGG
- 1D
- -3.52%
- 1M
- 1.33%
- 6M
- 19.44%
- YTD
- 15.08%
- 1Y
- 24.13%
- 3Y*
- 47.01%
- 5Y*
- —
- 10Y*
- —
CBZ vs. FNGG - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | |
|---|---|---|---|---|---|---|
CBZ CBIZ, Inc. | -14.81% | -38.35% | 30.74% | 33.60% | 19.76% | 19.20% |
FNGG Direxion Daily NYSE FANG+ Bull 2X Shares | 15.08% | 27.21% | 98.76% | 204.23% | -87.15% | -4.05% |
Correlation
The correlation between CBZ and FNGG is -0.08, meaning there is essentially no relationship between their price movements. Each responds to its own set of market drivers, making them strong candidates for combining in a diversified portfolio.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | -0.08 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.13 |
Correlation (All Time) Calculated using the full available price history since Sep 30, 2021 | 0.24 |
The correlation between CBZ and FNGG shifts across timeframes, from -0.08 (1 year) to 0.24 (all time), reflecting how their relationship changes across market environments.
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Return for Risk
CBZ vs. FNGG — Risk / Return Rank
CBZ
FNGG
CBZ vs. FNGG - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for CBIZ, Inc. (CBZ) and Direxion Daily NYSE FANG+ Bull 2X Shares (FNGG). 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.
Values are calculated on a 1-year rolling basis and updated daily. Risk-adjusted metrics are more stable over longer periods — use the period switch above to explore them.
| CBZ | FNGG | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -1.31 | ||
| Sortino ratioReturn per unit of downside risk | -1.93 | ||
| Omega ratioGain probability vs. loss probability | 0.88 | 1.12 | -0.24 |
| Calmar ratioReturn relative to maximum drawdown | -0.62 | 0.56 | -1.18 |
| Martin ratioReturn relative to average drawdown | -0.91 | 1.41 | -2.32 |
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Drawdowns
CBZ vs. FNGG - Drawdown Comparison
The maximum CBZ drawdown since its inception was -96.13%, which is greater than FNGG's maximum drawdown of -91.33%. Use the drawdown chart below to compare losses from any high point for CBZ and FNGG.
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Drawdown Indicators
| CBZ | FNGG | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -96.13% | -91.33% | -4.80% |
Max Drawdown (1Y)Largest decline over 1 year | -67.69% | -43.01% | -24.68% |
Max Drawdown (3Y)Largest decline over 3 years | -71.64% | -47.03% | -24.61% |
Max Drawdown (5Y)Largest decline over 5 years | -71.64% | — | — |
Max Drawdown (10Y)Largest decline over 10 years | -71.64% | — | — |
Current DrawdownCurrent decline from peak | -51.52% | -14.89% | -36.63% |
Average DrawdownAverage peak-to-trough decline | -51.08% | -55.06% | +3.98% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 46.17% | 17.17% | +29.00% |
Volatility
CBZ vs. FNGG - Volatility Comparison
CBIZ, Inc. (CBZ) has a higher volatility of 18.38% compared to Direxion Daily NYSE FANG+ Bull 2X Shares (FNGG) at 13.24%. This indicates that CBZ's price experiences larger fluctuations and is considered to be riskier than FNGG based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| CBZ | FNGG | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 18.38% | 13.24% | +5.14% |
Volatility (6M)Calculated over the trailing 6-month period | 46.63% | 35.36% | +11.27% |
Volatility (1Y)Calculated over the trailing 1-year period | 55.47% | 43.49% | +11.98% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 35.25% | 67.44% | -32.19% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 31.41% | 67.44% | -36.03% |
Dividends
CBZ vs. FNGG - Dividend Comparison
CBZ has not paid dividends to shareholders, while FNGG's dividend yield for the trailing twelve months is around 10.34%.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 |
|---|---|---|---|---|---|---|
CBZ CBIZ, Inc. | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
FNGG Direxion Daily NYSE FANG+ Bull 2X Shares | 10.34% | 11.89% | 0.79% | 0.88% | 0.00% | 4.99% |
Frequently Asked Questions
CBZ and FNGG have a correlation of -0.08, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
CBZ has higher volatility (18.38%) compared to FNGG (13.24%). In terms of maximum drawdown, CBZ dropped -96.13% vs FNGG's -91.33%.
FNGG currently has the higher Sharpe Ratio (0.56 vs -0.76), meaning it's delivered slightly more return per unit of risk over the trailing 12 months. However, this ranking shifts over time - use the Risk/Return Score above for a more comprehensive view that combines Sharpe, Sortino, and other measures used by quantitative funds.
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