FNGD vs. BOIL
Compare and contrast key facts about MicroSectors FANG+™ Index -3X Inverse Leveraged ETN (FNGD) and ProShares Ultra Bloomberg Natural Gas (BOIL).
FNGD and BOIL 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. BOIL is a passively managed fund by ProShares that tracks the performance of the Dow Jones-UBS Natural Gas Subindex (200%). It was launched on Oct 4, 2011. Both FNGD and BOIL 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 BOIL.
Key characteristics
| FNGD | BOIL | |
|---|---|---|
| YTD Return | -72.23% | -70.94% |
| 1Y Return | -78.61% | -84.84% |
| 3Y Return (Ann) | -64.11% | -79.83% |
| 5Y Return (Ann) | -77.95% | -68.48% |
| Sharpe Ratio | -1.11 | -0.85 |
| Sortino Ratio | -2.43 | -1.85 |
| Omega Ratio | 0.74 | 0.81 |
| Calmar Ratio | -0.78 | -0.84 |
| Martin Ratio | -1.40 | -1.19 |
| Ulcer Index | 55.90% | 70.18% |
| Daily Std Dev | 71.01% | 98.12% |
| Max Drawdown | -99.98% | -99.99% |
| Current Drawdown | -99.98% | -99.99% |
Correlation
The correlation between FNGD and BOIL is -0.06. This indicates that the assets' prices tend to move in opposite directions. Negative correlation can be particularly beneficial for diversification and risk management, as one asset may offset the losses of the other during market fluctuations.
Performance
FNGD vs. BOIL - Performance Comparison
The year-to-date returns for both investments are quite close, with FNGD having a -72.23% return and BOIL slightly higher at -70.94%. 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. BOIL - Expense Ratio Comparison
FNGD has a 0.95% expense ratio, which is lower than BOIL's 1.31% expense ratio.
Risk-Adjusted Performance
FNGD vs. BOIL - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for MicroSectors FANG+™ Index -3X Inverse Leveraged ETN (FNGD) and ProShares Ultra Bloomberg Natural Gas (BOIL). 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. BOIL - Dividend Comparison
Neither FNGD nor BOIL has paid dividends to shareholders.
Drawdowns
FNGD vs. BOIL - Drawdown Comparison
The maximum FNGD drawdown since its inception was -99.98%, roughly equal to the maximum BOIL drawdown of -99.99%. Use the drawdown chart below to compare losses from any high point for FNGD and BOIL. For additional features, visit the drawdowns tool.
Volatility
FNGD vs. BOIL - Volatility Comparison
The current volatility for MicroSectors FANG+™ Index -3X Inverse Leveraged ETN (FNGD) is 18.38%, while ProShares Ultra Bloomberg Natural Gas (BOIL) has a volatility of 27.44%. This indicates that FNGD experiences smaller price fluctuations and is considered to be less risky than BOIL based on this measure. The chart below showcases a comparison of their rolling one-month volatility.