FNGD vs. GLL
Compare and contrast key facts about MicroSectors FANG+™ Index -3X Inverse Leveraged ETN (FNGD) and ProShares UltraShort Gold (GLL).
FNGD and GLL 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. GLL is a passively managed fund by ProShares that tracks the performance of the Bloomberg Gold (-200%). It was launched on Dec 1, 2008. Both FNGD and GLL 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 GLL.
Key characteristics
| FNGD | GLL | |
|---|---|---|
| YTD Return | -66.04% | -38.64% |
| 1Y Return | -77.14% | -42.01% |
| 3Y Return (Ann) | -61.28% | -21.35% |
| 5Y Return (Ann) | -77.34% | -21.88% |
| Sharpe Ratio | -1.11 | -1.52 |
| Sortino Ratio | -2.48 | -2.46 |
| Omega Ratio | 0.73 | 0.74 |
| Calmar Ratio | -0.79 | -0.44 |
| Martin Ratio | -1.30 | -1.58 |
| Ulcer Index | 60.91% | 27.06% |
| Daily Std Dev | 70.99% | 28.18% |
| Max Drawdown | -99.98% | -97.04% |
| Current Drawdown | -99.98% | -96.93% |
Correlation
The correlation between FNGD and GLL is 0.06, 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. GLL - Performance Comparison
In the year-to-date period, FNGD achieves a -66.04% return, which is significantly lower than GLL's -38.64% return. 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. GLL - Expense Ratio Comparison
Both FNGD and GLL have an expense ratio of 0.95%.
Risk-Adjusted Performance
FNGD vs. GLL - 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 UltraShort Gold (GLL). 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. GLL - Dividend Comparison
Neither FNGD nor GLL has paid dividends to shareholders.
Drawdowns
FNGD vs. GLL - Drawdown Comparison
The maximum FNGD drawdown since its inception was -99.98%, roughly equal to the maximum GLL drawdown of -97.04%. Use the drawdown chart below to compare losses from any high point for FNGD and GLL. For additional features, visit the drawdowns tool.
Volatility
FNGD vs. GLL - Volatility Comparison
MicroSectors FANG+™ Index -3X Inverse Leveraged ETN (FNGD) has a higher volatility of 17.31% compared to ProShares UltraShort Gold (GLL) at 6.76%. This indicates that FNGD's price experiences larger fluctuations and is considered to be riskier than GLL based on this measure. The chart below showcases a comparison of their rolling one-month volatility.