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FNGD vs. AAPL
Performance
Risk-Adjusted Performance
Dividends
Drawdowns
Volatility

Correlation

The correlation between FNGD and AAPL is 0.72, which is considered to be high. That indicates a strong positive relationship between their price movements. Having highly-correlated positions in a portfolio may signal a lack of diversification, potentially leading to increased risk during market downturns.

FNGD vs. AAPL

Last updated Jun 3, 2025

Compare and contrast key facts about MicroSectors FANG+™ Index -3X Inverse Leveraged ETN (FNGD) and Apple Inc (AAPL).

FNGD is a passively managed fund by BMO Financial Group that tracks the performance of the NYSE FANG+ Index (-300%). It was launched on Jan 22, 2018.

Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: FNGD or AAPL.

Performance

FNGD vs. AAPL - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in MicroSectors FANG+™ Index -3X Inverse Leveraged ETN (FNGD) and Apple Inc (AAPL). The values are adjusted to include any dividend payments, if applicable.

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Key characteristics

Sharpe Ratio

FNGD:

-0.80

AAPL:

0.16

Sortino Ratio

FNGD:

-1.24

AAPL:

0.52

Omega Ratio

FNGD:

0.85

AAPL:

1.07

Calmar Ratio

FNGD:

-0.74

AAPL:

0.19

Martin Ratio

FNGD:

-1.54

AAPL:

0.59

Ulcer Index

FNGD:

47.78%

AAPL:

11.03%

Daily Std Dev

FNGD:

94.42%

AAPL:

33.17%

Max Drawdown

FNGD:

-99.99%

AAPL:

-81.80%

Current Drawdown

FNGD:

-99.99%

AAPL:

-21.94%

Returns By Period

In the year-to-date period, FNGD achieves a -41.58% return, which is significantly lower than AAPL's -19.26% return.

FNGD

YTD

-41.58%

1M

-23.34%

6M

-49.97%

1Y

-75.54%

3Y*

-76.53%

5Y*

-73.28%

10Y*

N/A

AAPL

YTD

-19.26%

1M

-1.65%

6M

-15.61%

1Y

5.41%

3Y*

12.13%

5Y*

20.62%

10Y*

21.48%

*Annualized

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MicroSectors FANG+™ Index -3X Inverse Leveraged ETN

Apple Inc

Go deeper with the Portfolio Analysis tool — backtest performance, assess risk, compare to benchmarks, and more

Risk-Adjusted Performance

FNGD vs. AAPL — Risk-Adjusted Performance Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.
FNGD
The Risk-Adjusted Performance Rank of FNGD is 11
Overall Rank
The Sharpe Ratio Rank of FNGD is 11
Sharpe Ratio Rank
The Sortino Ratio Rank of FNGD is 11
Sortino Ratio Rank
The Omega Ratio Rank of FNGD is 11
Omega Ratio Rank
The Calmar Ratio Rank of FNGD is 00
Calmar Ratio Rank
The Martin Ratio Rank of FNGD is 11
Martin Ratio Rank
AAPL
The Risk-Adjusted Performance Rank of AAPL is 5656
Overall Rank
The Sharpe Ratio Rank of AAPL is 5656
Sharpe Ratio Rank
The Sortino Ratio Rank of AAPL is 5151
Sortino Ratio Rank
The Omega Ratio Rank of AAPL is 5252
Omega Ratio Rank
The Calmar Ratio Rank of AAPL is 6161
Calmar Ratio Rank
The Martin Ratio Rank of AAPL is 5959
Martin Ratio Rank
The risk-adjusted ranks indicate the investment's position relative to the market. A rank closer to 100 signifies top-performing investments, while a rank closer to 0 might suggest underperformance, based on the selected ratio. The values are calculated based on the past 12 months of returns.

FNGD vs. AAPL - Risk-Adjusted Performance Comparison

This table presents a comparison of risk-adjusted performance metrics for MicroSectors FANG+™ Index -3X Inverse Leveraged ETN (FNGD) and Apple Inc (AAPL). 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.

The current FNGD Sharpe Ratio is -0.80, which is lower than the AAPL Sharpe Ratio of 0.16. The chart below compares the historical Sharpe Ratios of FNGD and AAPL, offering insights into how both investments have performed under varying market conditions. These values are calculated using daily returns over the previous 12 months.

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Go to the full Sharpe Ratio tool to analyze any stock or portfolio. Customize time frames, set your own risk-free rate, and more

Dividends

FNGD vs. AAPL - Dividend Comparison

FNGD has not paid dividends to shareholders, while AAPL's dividend yield for the trailing twelve months is around 0.50%.

TTM20242023202220212020201920182017201620152014
FNGD
MicroSectors FANG+™ Index -3X Inverse Leveraged ETN		0.00%0.00%0.00%0.00%0.00%0.00%0.00%0.00%0.00%0.00%0.00%0.00%
AAPL
Apple Inc		0.50%0.40%0.49%0.70%0.49%0.61%1.04%1.79%1.45%1.93%1.93%1.67%

Drawdowns

FNGD vs. AAPL - Drawdown Comparison

The maximum FNGD drawdown since its inception was -99.99%, which is greater than AAPL's maximum drawdown of -81.80%. Use the drawdown chart below to compare losses from any high point for FNGD and AAPL.

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Go to the full Drawdowns tool for more analysis options, including inflation-adjusted drawdowns, and more

Volatility

FNGD vs. AAPL - Volatility Comparison

MicroSectors FANG+™ Index -3X Inverse Leveraged ETN (FNGD) has a higher volatility of 19.15% compared to Apple Inc (AAPL) at 9.61%. This indicates that FNGD's price experiences larger fluctuations and is considered to be riskier than AAPL based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

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