FNGD vs. BRKW

Last updated Apr 2, 2026

Compare and contrast key facts about MicroSectors FANG+™ Index -3X Inverse Leveraged ETN (FNGD) and Roundhill BRKB WeeklyPay ETF (BRKW).

FNGD and BRKW 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. BRKW is an actively managed fund by Roundhill. It was launched on Jun 17, 2025.

Performance

FNGD vs. BRKW - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in MicroSectors FANG+™ Index -3X Inverse Leveraged ETN (FNGD) and Roundhill BRKB WeeklyPay ETF (BRKW). The values are adjusted to include any dividend payments, if applicable.

FNGD vs. BRKW - Yearly Performance Comparison

	2026 (YTD)	2025
FNGD MicroSectors FANG+™ Index -3X Inverse Leveraged ETN	33.64%	-30.75%
BRKW Roundhill BRKB WeeklyPay ETF	-6.49%	2.09%

Returns By Period

In the year-to-date period, FNGD achieves a 33.64% return, which is significantly higher than BRKW's -6.49% return.

FNGD

• 1D: -4.70%
• 1M: 8.14%
• YTD: 33.64%
• 6M: 37.83%
• 1Y: -59.80%
• 3Y*: -66.39%
• 5Y*: -60.34%
• 10Y*: —

BRKW

• 1D: -0.03%
• 1M: -0.58%
• YTD: -6.49%
• 6M: -6.66%
• 1Y: —
• 3Y*: —
• 5Y*: —
• 10Y*: —

*Multi-year figures are annualized to reflect compound growth (CAGR)

FNGD vs. BRKW - Expense Ratio Comparison

FNGD has a 0.95% expense ratio, which is lower than BRKW's 0.99% expense ratio.

BRKW

Roundhill BRKB WeeklyPay ETF

FNGD

MicroSectors FANG+™ Index -3X Inverse Leveraged ETN

Return for Risk

FNGD vs. BRKW — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.

FNGD

FNGD Risk / Return Rank: 2
FNGD Sharpe Ratio Rank: 2
FNGD Sortino Ratio Rank: 2
FNGD Omega Ratio Rank: 2
FNGD Calmar Ratio Rank: 1
FNGD Martin Ratio Rank: 5

The rank (0–100) shows how this investment's returns compare to the risk taken. Higher = better. Based on the past 12 months of data, combining Sharpe, Sortino, and other metrics used by quantitative funds and institutional investors.

FNGD vs. BRKW - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for MicroSectors FANG+™ Index -3X Inverse Leveraged ETN (FNGD) and Roundhill BRKB WeeklyPay ETF (BRKW). 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	BRKW	Difference
Sharpe ratio Return per unit of total volatility	-0.76	—	—
Sortino ratio Return per unit of downside risk	-0.94	—	—
Omega ratio Gain probability vs. loss probability	0.87	—	—
Calmar ratio Return relative to maximum drawdown	-0.74	—	—
Martin ratio Return relative to average drawdown	-0.85	—	—
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

Sharpe Ratios by Period

	FNGD	BRKW	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	-0.76	—	—
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	-0.32	-0.43

Correlation

The correlation between FNGD and BRKW 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.

Dividends

FNGD vs. BRKW - Dividend Comparison

FNGD has not paid dividends to shareholders, while BRKW's dividend yield for the trailing twelve months is around 20.90%.

	TTM	2025
FNGD MicroSectors FANG+™ Index -3X Inverse Leveraged ETN	0.00%	0.00%
BRKW Roundhill BRKB WeeklyPay ETF	20.90%	14.45%

Drawdowns

FNGD vs. BRKW - Drawdown Comparison

The maximum FNGD drawdown since its inception was -100.00%, which is greater than BRKW's maximum drawdown of -11.86%. Use the drawdown chart below to compare losses from any high point for FNGD and BRKW.

Drawdown Indicators

	FNGD	BRKW	Difference
Max Drawdown Largest peak-to-trough decline	-100.00%	-11.86%	-88.14%
Max Drawdown (1Y) Largest decline over 1 year	-82.53%	—	—
Max Drawdown (5Y) Largest decline over 5 years	-99.53%	—	—
Current Drawdown Current decline from peak	-99.99%	-9.47%	-90.52%
Average Drawdown Average peak-to-trough decline	-86.98%	-4.29%	-82.69%
Ulcer Index Depth and duration of drawdowns from previous peaks	71.98%	—	—

Volatility

Volatility by Period

	FNGD	BRKW	Difference
Volatility (1M) Calculated over the trailing 1-month period	25.08%	—	—
Volatility (6M) Calculated over the trailing 6-month period	45.50%	—	—
Volatility (1Y) Calculated over the trailing 1-year period	78.77%	17.90%	+60.87%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	88.87%	17.90%	+70.97%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	91.50%	17.90%	+73.60%