FNGD vs. BERZ
Compare and contrast key facts about MicroSectors FANG+™ Index -3X Inverse Leveraged ETN (FNGD) and MicroSectors Solactive FANG & Innovation -3X Inverse Leveraged ETN (BERZ).
FNGD and BERZ are both exchange-traded funds (ETFs), meaning they are traded on stock exchanges and can be bought and sold throughout the day. FNGD is a passively managed fund by BMO that tracks the performance of the NYSE FANG+ Index (-300%). It was launched on Jan 22, 2018. BERZ is a passively managed fund by BMO that tracks the performance of the Solactive FANG Innovation Index. It was launched on Aug 17, 2021. Both FNGD and BERZ are passive ETFs, meaning that they are not actively managed but aim to replicate the performance of the underlying index as closely as possible.
Performance
FNGD vs. BERZ - Performance Comparison
Loading graphics...
FNGD vs. BERZ - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | |
|---|---|---|---|---|---|---|
FNGD MicroSectors FANG+™ Index -3X Inverse Leveraged ETN | 40.23% | -61.42% | -76.57% | -90.14% | 52.21% | -31.62% |
BERZ MicroSectors Solactive FANG & Innovation -3X Inverse Leveraged ETN | 19.74% | -78.81% | -65.95% | -89.12% | 102.85% | -30.19% |
Returns By Period
In the year-to-date period, FNGD achieves a 40.23% return, which is significantly higher than BERZ's 19.74% return.
FNGD
- 1D
- -13.84%
- 1M
- 10.30%
- YTD
- 40.23%
- 6M
- 44.34%
- 1Y
- -59.51%
- 3Y*
- -65.85%
- 5Y*
- -59.96%
- 10Y*
- —
BERZ
- 1D
- -14.87%
- 1M
- 7.73%
- YTD
- 19.74%
- 6M
- -4.91%
- 1Y
- -79.02%
- 3Y*
- -70.51%
- 5Y*
- —
- 10Y*
- —
Compare stocks, funds, or ETFs
Search for stocks, ETFs, and funds for a quick comparison or use the comparison tool for more options.
FNGD vs. BERZ - Expense Ratio Comparison
Both FNGD and BERZ have an expense ratio of 0.95%.
Return for Risk
FNGD vs. BERZ — Risk / Return Rank
FNGD
BERZ
FNGD vs. BERZ - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for MicroSectors FANG+™ Index -3X Inverse Leveraged ETN (FNGD) and MicroSectors Solactive FANG & Innovation -3X Inverse Leveraged ETN (BERZ). 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.
| FNGD | BERZ | Difference | |
|---|---|---|---|
Sharpe ratioReturn per unit of total volatility | -0.76 | -0.84 | +0.08 |
Sortino ratioReturn per unit of downside risk | -0.93 | -1.52 | +0.59 |
Omega ratioGain probability vs. loss probability | 0.87 | 0.81 | +0.06 |
Calmar ratioReturn relative to maximum drawdown | -0.72 | -0.88 | +0.17 |
Martin ratioReturn relative to average drawdown | -0.82 | -1.00 | +0.18 |
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month. | |||
Loading graphics...
Sharpe Ratios by Period
| FNGD | BERZ | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | -0.76 | -0.84 | +0.08 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | -0.68 | — | — |
Sharpe Ratio (All Time)Calculated using the full available price history | -0.75 | -0.66 | -0.09 |
Correlation
The correlation between FNGD and BERZ is 0.92, 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.
Dividends
FNGD vs. BERZ - Dividend Comparison
Neither FNGD nor BERZ has paid dividends to shareholders.
Drawdowns
FNGD vs. BERZ - Drawdown Comparison
The maximum FNGD drawdown since its inception was -100.00%, roughly equal to the maximum BERZ drawdown of -99.46%. Use the drawdown chart below to compare losses from any high point for FNGD and BERZ.
Loading graphics...
Drawdown Indicators
| FNGD | BERZ | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -100.00% | -99.46% | -0.54% |
Max Drawdown (1Y)Largest decline over 1 year | -82.53% | -89.01% | +6.48% |
Max Drawdown (5Y)Largest decline over 5 years | -99.53% | — | — |
Current DrawdownCurrent decline from peak | -99.99% | -99.28% | -0.71% |
Average DrawdownAverage peak-to-trough decline | -86.98% | -70.50% | -16.48% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 71.84% | 78.74% | -6.90% |
Volatility
FNGD vs. BERZ - Volatility Comparison
The current volatility for MicroSectors FANG+™ Index -3X Inverse Leveraged ETN (FNGD) is 24.51%, while MicroSectors Solactive FANG & Innovation -3X Inverse Leveraged ETN (BERZ) has a volatility of 29.36%. This indicates that FNGD experiences smaller price fluctuations and is considered to be less risky than BERZ based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
Loading graphics...
Volatility by Period
| FNGD | BERZ | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 24.51% | 29.36% | -4.85% |
Volatility (6M)Calculated over the trailing 6-month period | 45.21% | 61.12% | -15.91% |
Volatility (1Y)Calculated over the trailing 1-year period | 78.65% | 94.14% | -15.49% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 88.85% | 92.55% | -3.70% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 91.51% | 92.55% | -1.04% |