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.
Correlation
The correlation between FNGD and GLL is -0.80. 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.
Performance
FNGD vs. GLL - Performance Comparison
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Key characteristics
FNGD:
26.57%
GLL:
35.45%
FNGD:
-1.75%
GLL:
-98.03%
FNGD:
0.00%
GLL:
-97.91%
Returns By Period
FNGD
N/A
N/A
N/A
N/A
N/A
N/A
GLL
-37.32%
-7.00%
-34.29%
-47.07%
-22.61%
-19.13%
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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 Rank
FNGD
GLL
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.
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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 -1.75%, smaller than the maximum GLL drawdown of -98.03%. Use the drawdown chart below to compare losses from any high point for FNGD and GLL. For additional features, visit the drawdowns tool.
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Volatility
FNGD vs. GLL - Volatility Comparison
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