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 Financial Group 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 Financial Group 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.
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: FNGD or BERZ.
Key characteristics
| FNGD | BERZ | |
|---|---|---|
| YTD Return | -72.26% | -65.14% |
| 1Y Return | -76.97% | -73.08% |
| 3Y Return (Ann) | -64.08% | -57.10% |
| Sharpe Ratio | -1.11 | -1.06 |
| Sortino Ratio | -2.44 | -2.21 |
| Omega Ratio | 0.73 | 0.76 |
| Calmar Ratio | -0.79 | -0.77 |
| Martin Ratio | -1.43 | -1.47 |
| Ulcer Index | 54.95% | 51.17% |
| Daily Std Dev | 71.00% | 70.91% |
| Max Drawdown | -99.98% | -97.18% |
| Current Drawdown | -99.98% | -97.10% |
Correlation
The correlation between FNGD and BERZ is 0.94, 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.
Performance
FNGD vs. BERZ - Performance Comparison
In the year-to-date period, FNGD achieves a -72.26% return, which is significantly lower than BERZ's -65.14% return. The chart below displays the growth of a $10,000 investment in both assets, with all prices adjusted for splits and dividends.
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FNGD vs. BERZ - Expense Ratio Comparison
Both FNGD and BERZ have an expense ratio of 0.95%.
Risk-Adjusted Performance
FNGD vs. BERZ - Risk-Adjusted Performance 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.
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 -99.98%, roughly equal to the maximum BERZ drawdown of -97.18%. Use the drawdown chart below to compare losses from any high point for FNGD and BERZ. For additional features, visit the drawdowns tool.
Volatility
FNGD vs. BERZ - Volatility Comparison
The current volatility for MicroSectors FANG+™ Index -3X Inverse Leveraged ETN (FNGD) is 17.57%, while MicroSectors Solactive FANG & Innovation -3X Inverse Leveraged ETN (BERZ) has a volatility of 21.87%. 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.