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.
Correlation
The correlation between FNGD and BOIL is 0.09, which is considered to be low. This implies their price changes are not closely related. A low correlation is generally favorable for portfolio diversification, as it helps to reduce overall risk by spreading it across multiple assets with different performance patterns.
Performance
FNGD vs. BOIL - Performance Comparison
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Key characteristics
FNGD:
-0.77
BOIL:
-0.14
FNGD:
-1.20
BOIL:
0.59
FNGD:
0.85
BOIL:
1.07
FNGD:
-0.73
BOIL:
-0.13
FNGD:
-1.54
BOIL:
-0.27
FNGD:
46.99%
BOIL:
49.61%
FNGD:
94.33%
BOIL:
108.18%
FNGD:
-99.99%
BOIL:
-100.00%
FNGD:
-99.99%
BOIL:
-99.99%
Returns By Period
In the year-to-date period, FNGD achieves a -31.26% return, which is significantly lower than BOIL's 18.09% return.
FNGD
-31.26%
-37.77%
-43.19%
-72.76%
-74.16%
N/A
BOIL
18.09%
4.09%
58.50%
-14.83%
-55.70%
-56.73%
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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 Rank
FNGD
BOIL
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.
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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 -99.99%, roughly equal to the maximum BOIL drawdown of -100.00%. Use the drawdown chart below to compare losses from any high point for FNGD and BOIL. For additional features, visit the drawdowns tool.
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Volatility
FNGD vs. BOIL - Volatility Comparison
MicroSectors FANG+™ Index -3X Inverse Leveraged ETN (FNGD) has a higher volatility of 29.41% compared to ProShares Ultra Bloomberg Natural Gas (BOIL) at 26.78%. This indicates that FNGD's price experiences larger fluctuations and is considered to be riskier than BOIL based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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