FNGD vs. DIG
Compare and contrast key facts about MicroSectors FANG+™ Index -3X Inverse Leveraged ETN (FNGD) and ProShares Ultra Oil & Gas (DIG).
FNGD and DIG 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. DIG is a passively managed fund by ProShares that tracks the performance of the Dow Jones U.S. Oil & Gas Index (200%). It was launched on Jan 30, 2007. Both FNGD and DIG are passive ETFs, meaning that they are not actively managed but aim to replicate the performance of the underlying index as closely as possible.
Performance
FNGD vs. DIG - Performance Comparison
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FNGD vs. DIG - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | |
|---|---|---|---|---|---|---|---|---|---|
FNGD MicroSectors FANG+™ Index -3X Inverse Leveraged ETN | 40.23% | -61.42% | -76.57% | -90.14% | 52.21% | -60.04% | -95.60% | -72.46% | -13.73% |
DIG ProShares Ultra Oil & Gas | 85.56% | 2.73% | 0.93% | -13.04% | 125.34% | 115.63% | -70.36% | 12.51% | -48.05% |
Returns By Period
In the year-to-date period, FNGD achieves a 40.23% return, which is significantly lower than DIG's 85.56% return.
FNGD
- 1D
- -13.84%
- 1M
- 10.30%
- YTD
- 40.23%
- 6M
- 44.34%
- 1Y
- -59.51%
- 3Y*
- -65.85%
- 5Y*
- -59.96%
- 10Y*
- —
DIG
- 1D
- -2.11%
- 1M
- 20.66%
- YTD
- 85.56%
- 6M
- 84.85%
- 1Y
- 61.85%
- 3Y*
- 23.97%
- 5Y*
- 36.31%
- 10Y*
- 8.22%
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FNGD vs. DIG - Expense Ratio Comparison
Both FNGD and DIG have an expense ratio of 0.95%.
Return for Risk
FNGD vs. DIG — Risk / Return Rank
FNGD
DIG
FNGD vs. DIG - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for MicroSectors FANG+™ Index -3X Inverse Leveraged ETN (FNGD) and ProShares Ultra Oil & Gas (DIG). 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 | DIG | Difference | |
|---|---|---|---|
Sharpe ratioReturn per unit of total volatility | -0.76 | 1.26 | -2.02 |
Sortino ratioReturn per unit of downside risk | -0.93 | 1.68 | -2.61 |
Omega ratioGain probability vs. loss probability | 0.87 | 1.25 | -0.38 |
Calmar ratioReturn relative to maximum drawdown | -0.72 | 1.85 | -2.57 |
Martin ratioReturn relative to average drawdown | -0.82 | 3.79 | -4.61 |
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month. | |||
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Sharpe Ratios by Period
| FNGD | DIG | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | -0.76 | 1.26 | -2.02 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | -0.68 | 0.71 | -1.38 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | — | 0.14 | — |
Sharpe Ratio (All Time)Calculated using the full available price history | -0.75 | 0.01 | -0.76 |
Correlation
The correlation between FNGD and DIG is -0.24. 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.
Dividends
FNGD vs. DIG - Dividend Comparison
FNGD has not paid dividends to shareholders, while DIG's dividend yield for the trailing twelve months is around 1.34%.
| TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
FNGD MicroSectors FANG+™ Index -3X Inverse Leveraged ETN | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
DIG ProShares Ultra Oil & Gas | 1.34% | 2.62% | 3.13% | 0.61% | 1.33% | 2.24% | 3.18% | 2.72% | 2.30% | 1.76% | 1.09% | 1.56% |
Drawdowns
FNGD vs. DIG - Drawdown Comparison
The maximum FNGD drawdown since its inception was -100.00%, roughly equal to the maximum DIG drawdown of -97.04%. Use the drawdown chart below to compare losses from any high point for FNGD and DIG.
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Drawdown Indicators
| FNGD | DIG | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -100.00% | -97.04% | -2.96% |
Max Drawdown (1Y)Largest decline over 1 year | -82.53% | -35.40% | -47.13% |
Max Drawdown (5Y)Largest decline over 5 years | -99.53% | -46.02% | -53.51% |
Max Drawdown (10Y)Largest decline over 10 years | — | -92.53% | — |
Current DrawdownCurrent decline from peak | -99.99% | -45.64% | -54.35% |
Average DrawdownAverage peak-to-trough decline | -86.98% | -64.48% | -22.50% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 71.84% | 17.30% | +54.54% |
Volatility
FNGD vs. DIG - Volatility Comparison
MicroSectors FANG+™ Index -3X Inverse Leveraged ETN (FNGD) has a higher volatility of 24.51% compared to ProShares Ultra Oil & Gas (DIG) at 9.86%. This indicates that FNGD's price experiences larger fluctuations and is considered to be riskier than DIG based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| FNGD | DIG | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 24.51% | 9.86% | +14.65% |
Volatility (6M)Calculated over the trailing 6-month period | 45.21% | 27.64% | +17.57% |
Volatility (1Y)Calculated over the trailing 1-year period | 78.65% | 49.37% | +29.28% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 88.85% | 51.66% | +37.19% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 91.51% | 57.59% | +33.92% |