FIGS vs. FNGU

Last updated Jun 13, 2026

FIGS (FIGS, Inc.) is a stock, while FNGU (MicroSectors FANG+ 3X Leveraged ETNs) is Leveraged Equities fund tracking the NYSE FANG+ Index (Gross Total Return) (300%). Over the past year, FIGS returned 137.77% vs 25.83% for FNGU. At a 0.23 correlation, their price movements are largely independent.

Performance

FIGS vs. FNGU - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in FIGS, Inc. (FIGS) and MicroSectors FANG+ 3X Leveraged ETNs (FNGU). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, FIGS achieves a 5.28% return, which is significantly higher than FNGU's 3.96% return.

FIGS

• 1D: 6.03%
• 1M: -0.08%
• YTD: 5.28%
• 6M: -0.08%
• 1Y: 137.77%
• 3Y*: 11.41%
• 5Y*: -18.94%
• 10Y*: —

FNGU

• 1D: -2.52%
• 1M: -13.99%
• YTD: 3.96%
• 6M: -3.67%
• 1Y: 25.83%
• 3Y*: —
• 5Y*: —
• 10Y*: —

*Multi-year figures are annualized to reflect compound growth (CAGR)

FIGS vs. FNGU - Yearly Performance Comparison

	2026 (YTD)	2025
FIGS FIGS, Inc.	5.28%	110.37%
FNGU MicroSectors FANG+ 3X Leveraged ETNs	3.96%	3.02%

Correlation

The correlation between FIGS and FNGU is 0.22, which is low. Their price movements are largely independent, making them effective diversification partners.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	0.22
Correlation (All Time) Calculated using the full available price history since Feb 20, 2025	0.23

Return for Risk

FIGS vs. FNGU — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.

FIGS

FIGS Risk / Return Rank: 88
FIGS Sharpe Ratio Rank: 90
FIGS Sortino Ratio Rank: 86
FIGS Omega Ratio Rank: 88
FIGS Calmar Ratio Rank: 88
FIGS Martin Ratio Rank: 89

FNGU

FNGU Risk / Return Rank: 16
FNGU Sharpe Ratio Rank: 15
FNGU Sortino Ratio Rank: 19
FNGU Omega Ratio Rank: 19
FNGU Calmar Ratio Rank: 14
FNGU Martin Ratio Rank: 14

The rank (0–100) shows how this investment's returns compare to the risk taken. Higher = better. Based on the past 12 months of data, combining Sharpe, Sortino, and other metrics used by quantitative funds and institutional investors.

FIGS vs. FNGU - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for FIGS, Inc. (FIGS) and MicroSectors FANG+ 3X Leveraged ETNs (FNGU). 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.

	FIGS	FNGU	Difference
Sharpe ratio: Return per unit of total volatility	2.09	0.35	+1.74
Sortino ratio: Return per unit of downside risk	2.68	0.87	+1.81
Omega ratio: Gain probability vs. loss probability	1.38	1.11	+0.27
Calmar ratio: Return relative to maximum drawdown	3.82	0.36	+3.46
Martin ratio: Return relative to average drawdown	10.67	0.85	+9.82

FIGS vs. FNGU - Sharpe Ratio Comparison

The current FIGS Sharpe Ratio is 2.09, which is higher than the FNGU Sharpe Ratio of 0.35. The chart below compares the historical Sharpe Ratios of FIGS and FNGU, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

Drawdowns

FIGS vs. FNGU - Drawdown Comparison

The maximum FIGS drawdown since its inception was -92.77%, which is greater than FNGU's maximum drawdown of -61.30%. Use the drawdown chart below to compare losses from any high point for FIGS and FNGU.

Drawdown Indicators

	FIGS	FNGU	Difference
Max Drawdown Largest peak-to-trough decline	-92.77%	-61.30%	-31.47%
Max Drawdown (1Y) Largest decline over 1 year	-34.11%	-59.55%	+25.44%
Max Drawdown (3Y) Largest decline over 3 years	-57.56%	—	—
Max Drawdown (5Y) Largest decline over 5 years	-92.77%	—	—
Current Drawdown Current decline from peak	-76.13%	-27.36%	-48.77%
Average Drawdown Average peak-to-trough decline	-75.87%	-22.25%	-53.62%
Ulcer Index Depth and duration of drawdowns from previous peaks	12.19%	24.91%	-12.72%

Volatility

FIGS vs. FNGU - Volatility Comparison

The current volatility for FIGS, Inc. (FIGS) is 13.33%, while MicroSectors FANG+ 3X Leveraged ETNs (FNGU) has a volatility of 27.31%. This indicates that FIGS experiences smaller price fluctuations and is considered to be less risky than FNGU based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	FIGS	FNGU	Difference
Volatility (1M) Calculated over the trailing 1-month period	13.33%	27.31%	-13.98%
Volatility (6M) Calculated over the trailing 6-month period	51.28%	50.15%	+1.13%
Volatility (1Y) Calculated over the trailing 1-year period	62.47%	61.43%	+1.04%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	70.12%	79.93%	-9.81%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	70.30%	79.93%	-9.63%

Dividends

FIGS vs. FNGU - Dividend Comparison

Neither FIGS nor FNGU has paid dividends to shareholders.

Tickers have no history of dividend payments

Frequently Asked Questions

Can I hold both FIGS and FNGU in my portfolio?

FIGS and FNGU have a correlation of 0.22, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, FIGS or FNGU?

FNGU has higher volatility (27.31%) compared to FIGS (13.33%). In terms of maximum drawdown, FIGS dropped -92.77% vs FNGU's -61.30%.

Which has better risk-adjusted returns?

FIGS currently has the higher Sharpe Ratio (2.09 vs 0.35), 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.