DXYZ vs. FNGO
DXYZ (Destiny Tech100 Inc) is a stock, while FNGO (MicroSectors FANG+ Index 2X Leveraged ETN) is Leveraged Equities fund tracking the NYSE FANG+ Index (+200%). Over the past year, DXYZ returned -26.51% vs 29.21% for FNGO. At a 0.38 correlation, their price movements are largely independent.
Performance
DXYZ vs. FNGO - Performance Comparison
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Returns By Period
In the year-to-date period, DXYZ achieves a -5.42% return, which is significantly lower than FNGO's 8.91% return.
DXYZ
- 1D
- -25.14%
- 1M
- -36.36%
- YTD
- -5.42%
- 6M
- -23.68%
- 1Y
- -26.51%
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
FNGO
- 1D
- -1.60%
- 1M
- -8.55%
- YTD
- 8.91%
- 6M
- 3.86%
- 1Y
- 29.21%
- 3Y*
- 49.78%
- 5Y*
- 25.62%
- 10Y*
- —
DXYZ vs. FNGO - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | |
|---|---|---|---|
DXYZ Destiny Tech100 Inc | -5.42% | -47.96% | 613.45% |
FNGO MicroSectors FANG+ Index 2X Leveraged ETN | 8.91% | 25.49% | 55.23% |
Correlation
The correlation between DXYZ and FNGO is 0.25, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.25 |
Correlation (All Time) Calculated using the full available price history since Mar 26, 2024 | 0.38 |
The correlation between DXYZ and FNGO shifts across timeframes, from 0.25 (1 year) to 0.38 (all time), reflecting how their relationship changes across market environments.
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Return for Risk
DXYZ vs. FNGO — Risk / Return Rank
DXYZ
FNGO
DXYZ vs. FNGO - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Destiny Tech100 Inc (DXYZ) and MicroSectors FANG+ Index 2X Leveraged ETN (FNGO). 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.
| DXYZ | FNGO | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.91 | ||
| Sortino ratioReturn per unit of downside risk | -0.83 | ||
| Omega ratioGain probability vs. loss probability | 1.03 | 1.13 | -0.10 |
| Calmar ratioReturn relative to maximum drawdown | -0.47 | 0.62 | -1.10 |
| Martin ratioReturn relative to average drawdown | -0.93 | 1.62 | -2.55 |
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Drawdowns
DXYZ vs. FNGO - Drawdown Comparison
The maximum DXYZ drawdown since its inception was -90.35%, which is greater than FNGO's maximum drawdown of -78.39%. Use the drawdown chart below to compare losses from any high point for DXYZ and FNGO.
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Drawdown Indicators
| DXYZ | FNGO | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -90.35% | -78.39% | -11.96% |
Max Drawdown (1Y)Largest decline over 1 year | -59.33% | -42.73% | -16.60% |
Max Drawdown (3Y)Largest decline over 3 years | — | -47.64% | — |
Max Drawdown (5Y)Largest decline over 5 years | — | -78.39% | — |
Current DrawdownCurrent decline from peak | -70.97% | -18.46% | -52.51% |
Average DrawdownAverage peak-to-trough decline | -68.37% | -23.87% | -44.50% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 30.12% | 16.45% | +13.67% |
Volatility
DXYZ vs. FNGO - Volatility Comparison
Destiny Tech100 Inc (DXYZ) has a higher volatility of 52.18% compared to MicroSectors FANG+ Index 2X Leveraged ETN (FNGO) at 17.58%. This indicates that DXYZ's price experiences larger fluctuations and is considered to be riskier than FNGO based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| DXYZ | FNGO | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 52.18% | 17.58% | +34.60% |
Volatility (6M)Calculated over the trailing 6-month period | 85.74% | 33.63% | +52.11% |
Volatility (1Y)Calculated over the trailing 1-year period | 101.63% | 41.88% | +59.75% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 165.45% | 60.50% | +104.95% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 165.45% | 61.61% | +103.84% |
Dividends
DXYZ vs. FNGO - Dividend Comparison
Neither DXYZ nor FNGO has paid dividends to shareholders.
Frequently Asked Questions
DXYZ and FNGO have a correlation of 0.25, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
DXYZ has higher volatility (52.18%) compared to FNGO (17.58%). In terms of maximum drawdown, DXYZ dropped -90.35% vs FNGO's -78.39%.
FNGO currently has the higher Sharpe Ratio (0.64 vs -0.28), 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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