FNGD vs. BRKL
FNGD (MicroSectors FANG+™ Index -3X Inverse Leveraged ETN) and BRKL (Corgi BRKB 2x Daily ETF) are both Leveraged Equities funds. FNGD is passively managed, while BRKL is actively managed. Their 0.26 correlation means their historical movements had little consistent relationship. FNGD charges 0.95%/yr vs 0.45%/yr for BRKL.
Performance
FNGD vs. BRKL - Performance Comparison
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Returns By Period
FNGD
- 1D
- -5.03%
- 1M
- -4.69%
- 6M
- -39.93%
- YTD
- -34.80%
- 1Y
- -48.33%
- 3Y*
- -64.85%
- 5Y*
- -63.24%
- 10Y*
- —
- ALL TIME*
- -69.95%
BRKL
- 1D
- 0.85%
- 1M
- —
- 6M
- —
- YTD
- —
- 1Y
- —
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
- ALL TIME*
- —
Liquidity Comparison
| Position | Avg. Volume Value (2W) | Avg. Volume Value (1M) | Avg. Volume Value (3M) |
|---|---|---|---|
| $853.16 | $14.75K | $14.75K | |
| $13.50M | $14.88M | $20.27M |
FNGD vs. BRKL - Yearly Performance Comparison
| 2026 (YTD) | |
|---|---|
FNGD MicroSectors FANG+™ Index -3X Inverse Leveraged ETN | -1.09% |
BRKL Corgi BRKB 2x Daily ETF | 1.48% |
Correlation
The correlation between FNGD and BRKL is 0.26, which is low. Their historical price movements had little consistent relationship.
| Correlation | |
|---|---|
Correlation (All Time) Calculated using the full available price history since Jul 7, 2026 | 0.26 |
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Return for Risk
FNGD vs. BRKL — Risk / Return Rank
FNGD
BRKL
Risk / return metrics aren't available yet — we need at least 12 months of trading data to calculate them.
FNGD vs. BRKL - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for MicroSectors FANG+™ Index -3X Inverse Leveraged ETN (FNGD) and Corgi BRKB 2x Daily ETF (BRKL). 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.
Values are calculated on a 1-year rolling basis and updated daily. Risk-adjusted metrics are more stable over longer periods — use the period switch above to explore them.
| FNGD | BRKL | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | — | — | |
| Sortino ratioReturn per unit of downside risk | — | — | |
| Omega ratioGain probability vs. loss probability | 0.91 | — | — |
| Calmar ratioReturn relative to maximum drawdown | -0.68 | — | — |
| Martin ratioReturn relative to average drawdown | -1.26 | — | — |
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Drawdowns
FNGD vs. BRKL - Drawdown Comparison
The maximum FNGD drawdown since its inception was -100.00%, which is greater than BRKL's maximum drawdown of -7.03%. Use the drawdown chart below to compare losses from any high point for FNGD and BRKL.
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Drawdown Indicators
| FNGD | BRKL | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -100.00% | -7.03% | -92.97% |
Max Drawdown (1Y)Largest decline over 1 year | -65.92% | — | — |
Max Drawdown (3Y)Largest decline over 3 years | -97.35% | — | — |
Max Drawdown (5Y)Largest decline over 5 years | -99.67% | — | — |
Current DrawdownCurrent decline from peak | -100.00% | -0.13% | -99.87% |
Average DrawdownAverage peak-to-trough decline | -87.46% | -4.14% | -83.32% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 35.26% | — | — |
Volatility
FNGD vs. BRKL - Volatility Comparison
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Volatility by Period
| FNGD | BRKL | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 18.15% | — | — |
Volatility (6M)Calculated over the trailing 6-month period | 54.65% | — | — |
Volatility (1Y)Calculated over the trailing 1-year period | 66.81% | 30.99% | +35.82% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 89.78% | 30.99% | +58.79% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 90.95% | 30.99% | +59.96% |
FNGD vs. BRKL - Expense Ratio Comparison
FNGD has a 0.95% expense ratio, which is higher than BRKL's 0.45% expense ratio.
Dividends
FNGD vs. BRKL - Dividend Comparison
Neither FNGD nor BRKL has paid dividends to shareholders.
Frequently Asked Questions
FNGD and BRKL have a correlation of 0.26, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
On fees, BRKL is cheaper at 0.45% per year. The better choice depends on whether you care most about return, fees, risk, or income.
BRKL is cheaper with a 0.45% expense ratio, compared with 0.95% for FNGD.
FNGD and BRKL have nearly identical dividend yields, around 0.00%.
They also come from different issuers: BMO and Corgi. Their fees differ too: 0.95% for FNGD and 0.45% for BRKL.
Find the right allocation for FNGD and BRKL
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