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 -16.83%/yr vs 48.04%/yr for FNGG. At a 0.25 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 -39.74% return, which is significantly lower than FNGG's 5.64% return.
CBZ
- 1D
- 6.07%
- 1M
- -5.68%
- YTD
- -39.74%
- 6M
- -41.80%
- 1Y
- -56.14%
- 3Y*
- -16.83%
- 5Y*
- -1.85%
- 10Y*
- 11.25%
FNGG
- 1D
- -4.89%
- 1M
- -7.16%
- YTD
- 5.64%
- 6M
- 2.41%
- 1Y
- 24.87%
- 3Y*
- 48.04%
- 5Y*
- —
- 10Y*
- —
CBZ vs. FNGG - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | |
|---|---|---|---|---|---|---|
CBZ CBIZ, Inc. | -39.74% | -38.35% | 30.74% | 33.60% | 19.76% | 19.20% |
FNGG Direxion Daily NYSE FANG+ Bull 2X Shares | 5.64% | 27.21% | 98.76% | 204.23% | -87.15% | -4.05% |
Correlation
The correlation between CBZ and FNGG is -0.07, 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 | -0.07 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.14 |
Correlation (All Time) Calculated using the full available price history since Sep 30, 2021 | 0.25 |
The correlation between CBZ and FNGG shifts across timeframes, from -0.07 (1 year) to 0.25 (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 | -1.62 | ||
| Sortino ratioReturn per unit of downside risk | -2.64 | ||
| Omega ratioGain probability vs. loss probability | 0.79 | 1.13 | -0.33 |
| Calmar ratioReturn relative to maximum drawdown | -0.83 | 0.58 | -1.41 |
| Martin ratioReturn relative to average drawdown | -1.27 | 1.50 | -2.77 |
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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 | -65.71% | -21.87% | -43.84% |
Average DrawdownAverage peak-to-trough decline | -51.06% | -55.56% | +4.50% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 44.12% | 16.65% | +27.47% |
Volatility
CBZ vs. FNGG - Volatility Comparison
The current volatility for CBIZ, Inc. (CBZ) is 16.40%, while Direxion Daily NYSE FANG+ Bull 2X Shares (FNGG) has a volatility of 21.11%. 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.
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Volatility by Period
| CBZ | FNGG | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 16.40% | 21.11% | -4.71% |
Volatility (6M)Calculated over the trailing 6-month period | 44.75% | 35.05% | +9.70% |
Volatility (1Y)Calculated over the trailing 1-year period | 53.69% | 43.67% | +10.02% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 34.69% | 67.80% | -33.11% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 31.15% | 67.80% | -36.65% |
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 11.22%.
| 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 | 11.22% | 11.89% | 0.79% | 0.88% | 0.00% | 4.99% |
Frequently Asked Questions
CBZ and FNGG have a correlation of -0.07, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
FNGG has higher volatility (21.11%) compared to CBZ (16.40%). In terms of maximum drawdown, CBZ dropped -96.13% vs FNGG's -91.33%.
FNGG currently has the higher Sharpe Ratio (0.57 vs -1.05), 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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