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.
Correlation
The correlation between CBZ and FNGG is 0.34, 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
Key characteristics
CBZ:
1.05
FNGG:
2.12
CBZ:
1.41
FNGG:
2.50
CBZ:
1.25
FNGG:
1.32
CBZ:
1.35
FNGG:
1.50
CBZ:
3.01
FNGG:
9.06
CBZ:
11.55%
FNGG:
11.63%
CBZ:
33.17%
FNGG:
49.64%
CBZ:
-96.16%
FNGG:
-91.33%
CBZ:
-1.77%
FNGG:
-40.63%
Returns By Period
In the year-to-date period, CBZ achieves a 3.26% return, which is significantly higher than FNGG's 2.11% return.
CBZ
3.26%
4.00%
-0.78%
33.18%
25.54%
25.91%
FNGG
2.11%
-0.60%
24.06%
92.47%
N/A
N/A
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Risk-Adjusted Performance
CBZ vs. FNGG — Risk-Adjusted Performance Rank
CBZ
FNGG
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 0.77%.
| TTM | 2024 | 2023 | 2022 | 2021 | |
|---|---|---|---|---|---|
CBZ CBIZ, Inc. | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
FNGG Direxion Daily NYSE FANG+ Bull 2X Shares | 0.77% | 0.79% | 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 6.03%, while Direxion Daily NYSE FANG+ Bull 2X Shares (FNGG) has a volatility of 14.80%. 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.