CBZ vs. FNGG
Compare and contrast key facts about CBIZ, Inc. (CBZ) and Direxion Daily NYSE FANG+ Bull 2X Shares (FNGG).
FNGG is a passively managed fund by Direxion that tracks the performance of the NYSE FANG+ Index (2x Leveraged). It was launched on Sep 30, 2021.
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: CBZ or FNGG.
Key characteristics
| CBZ | FNGG | |
|---|---|---|
| YTD Return | 24.65% | 84.41% |
| 1Y Return | 37.72% | 116.88% |
| 3Y Return (Ann) | 25.60% | -18.41% |
| Sharpe Ratio | 1.19 | 2.45 |
| Sortino Ratio | 1.54 | 2.77 |
| Omega Ratio | 1.29 | 1.37 |
| Calmar Ratio | 1.49 | 1.55 |
| Martin Ratio | 3.43 | 10.25 |
| Ulcer Index | 11.25% | 11.38% |
| Daily Std Dev | 32.42% | 47.53% |
| Max Drawdown | -96.16% | -91.33% |
| Current Drawdown | -9.30% | -46.06% |
Correlation
The correlation between CBZ and FNGG is 0.35, 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
CBZ vs. FNGG - Performance Comparison
In the year-to-date period, CBZ achieves a 24.65% return, which is significantly lower than FNGG's 84.41% 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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Risk-Adjusted Performance
CBZ vs. FNGG - Risk-Adjusted Performance 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.
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 0.92%.
| TTM | 2023 | 2022 | 2021 | |
|---|---|---|---|---|
CBZ CBIZ, Inc. | 0.00% | 0.00% | 0.00% | 0.00% |
FNGG Direxion Daily NYSE FANG+ Bull 2X Shares | 0.92% | 0.88% | 0.00% | 4.99% |
Drawdowns
CBZ vs. FNGG - Drawdown Comparison
The maximum CBZ drawdown since its inception was -96.16%, 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. For additional features, visit the drawdowns tool.
Volatility
CBZ vs. FNGG - Volatility Comparison
The current volatility for CBIZ, Inc. (CBZ) is 10.70%, while Direxion Daily NYSE FANG+ Bull 2X Shares (FNGG) has a volatility of 13.26%. This indicates that CBZ experiences smaller price fluctuations and is considered to be less risky than FNGG based on this measure. The chart below showcases a comparison of their rolling one-month volatility.