FNGD vs. INTW

Last updated Jun 24, 2026

FNGD (MicroSectors FANG+™ Index -3X Inverse Leveraged ETN) and INTW (GraniteShares 2x Long INTC Daily ETF) are both Leveraged Equities funds. FNGD is passively managed, while INTW is actively managed. Over the past year, FNGD returned -49.41% vs 1964.55% for INTW. At a correlation of -0.37, they often move in opposite directions. FNGD charges 0.95%/yr vs 1.50%/yr for INTW.

Performance

FNGD vs. INTW - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in MicroSectors FANG+™ Index -3X Inverse Leveraged ETN (FNGD) and GraniteShares 2x Long INTC Daily ETF (INTW). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, FNGD achieves a -27.13% return, which is significantly lower than INTW's 750.22% return.

FNGD

• 1D: 7.44%
• 1M: 2.40%
• YTD: -27.13%
• 6M: -23.35%
• 1Y: -49.41%
• 3Y*: -65.49%
• 5Y*: -62.47%
• 10Y*: —

INTW

• 1D: -12.49%
• 1M: 12.21%
• YTD: 750.22%
• 6M: 775.58%
• 1Y: 1,964.55%
• 3Y*: —
• 5Y*: —
• 10Y*: —

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

FNGD vs. INTW - Yearly Performance Comparison

	2026 (YTD)	2025
FNGD MicroSectors FANG+™ Index -3X Inverse Leveraged ETN	-27.13%	-54.25%
INTW GraniteShares 2x Long INTC Daily ETF	750.22%	60.89%

Correlation

The correlation between FNGD and INTW is -0.37, meaning they tend to move in opposite directions. This is especially valuable for risk management - when one declines, the other has historically tended to hold steady or rise.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	-0.37
Correlation (All Time) Calculated using the full available price history since Feb 13, 2025	-0.37

FNGD vs. INTW - Sectors Allocation Comparison

Sectors	FNGD	INTW
Technology	63.4%	66.7%
Communication Services	26.0%	-
Consumer Cyclical	10.6%	-
Financial Services	10.0%	-
Basic Materials	-	-
Consumer Defensive	-	-
Energy	-	-
Healthcare	-	-
Industrials	-	-
Real Estate	-	-
Utilities	-	-

Return for Risk

FNGD vs. INTW — Risk / Return Rank

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

FNGD

FNGD Risk / Return Rank: 3
FNGD Sharpe Ratio Rank: 3
FNGD Sortino Ratio Rank: 3
FNGD Omega Ratio Rank: 3
FNGD Calmar Ratio Rank: 3
FNGD Martin Ratio Rank: 1

INTW

INTW Risk / Return Rank: 98
INTW Sharpe Ratio Rank: 100
INTW Sortino Ratio Rank: 96
INTW Omega Ratio Rank: 94
INTW Calmar Ratio Rank: 99
INTW Martin Ratio Rank: 99

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. INTW - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for MicroSectors FANG+™ Index -3X Inverse Leveraged ETN (FNGD) and GraniteShares 2x Long INTC Daily ETF (INTW). 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	INTW	Difference
Sharpe ratio: Return per unit of total volatility	-0.76	13.25	-14.01
Sortino ratio: Return per unit of downside risk	-1.00	5.13	-6.13
Omega ratio: Gain probability vs. loss probability	0.89	1.65	-0.76
Calmar ratio: Return relative to maximum drawdown	-0.75	40.32	-41.08
Martin ratio: Return relative to average drawdown	-1.52	91.49	-93.01

FNGD vs. INTW - Sharpe Ratio Comparison

The current FNGD Sharpe Ratio is -0.76, which is lower than the INTW Sharpe Ratio of 13.25. The chart below compares the historical Sharpe Ratios of FNGD and INTW, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

Drawdowns

FNGD vs. INTW - Drawdown Comparison

The maximum FNGD drawdown since its inception was -100.00%, which is greater than INTW's maximum drawdown of -60.58%. Use the drawdown chart below to compare losses from any high point for FNGD and INTW.

Drawdown Indicators

	FNGD	INTW	Difference
Max Drawdown Largest peak-to-trough decline	-100.00%	-60.58%	-39.42%
Max Drawdown (1Y) Largest decline over 1 year	-65.92%	-49.34%	-16.58%
Max Drawdown (3Y) Largest decline over 3 years	-97.35%	—	—
Max Drawdown (5Y) Largest decline over 5 years	-99.67%	—	—
Current Drawdown Current decline from peak	-100.00%	-12.49%	-87.51%
Average Drawdown Average peak-to-trough decline	-87.30%	-29.66%	-57.64%
Ulcer Index Depth and duration of drawdowns from previous peaks	34.15%	21.70%	+12.45%

Volatility

FNGD vs. INTW - Volatility Comparison

The current volatility for MicroSectors FANG+™ Index -3X Inverse Leveraged ETN (FNGD) is 33.07%, while GraniteShares 2x Long INTC Daily ETF (INTW) has a volatility of 55.81%. This indicates that FNGD experiences smaller price fluctuations and is considered to be less risky than INTW based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	FNGD	INTW	Difference
Volatility (1M) Calculated over the trailing 1-month period	33.07%	55.81%	-22.74%
Volatility (6M) Calculated over the trailing 6-month period	53.22%	119.10%	-65.88%
Volatility (1Y) Calculated over the trailing 1-year period	65.50%	150.14%	-84.64%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	89.67%	148.88%	-59.21%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	91.30%	148.88%	-57.58%

FNGD vs. INTW - Expense Ratio Comparison

FNGD has a 0.95% expense ratio, which is lower than INTW's 1.50% expense ratio.

Dividends

FNGD vs. INTW - Dividend Comparison

Neither FNGD nor INTW has paid dividends to shareholders.

Tickers have no history of dividend payments

Frequently Asked Questions

Can I hold both FNGD and INTW in my portfolio?

FNGD and INTW have a correlation of -0.37, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, FNGD or INTW?

INTW has higher volatility (55.81%) compared to FNGD (33.07%). In terms of maximum drawdown, FNGD dropped -100.00% vs INTW's -60.58%.

Which ETF is better, FNGD or INTW?

On 1-year performance, INTW leads with 1964.55% vs -49.41% for FNGD. On fees, FNGD is cheaper at 0.95% per year. On volatility, FNGD has been the lower-risk option at 33.07%. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF has performed better, FNGD or INTW?

Over the 1-year period, INTW has performed better with a 1964.55% return vs -49.41%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.

Which ETF is cheaper, FNGD or INTW?

FNGD is cheaper with a 0.95% expense ratio, compared with 1.50% for INTW.

Which ETF pays a higher dividend yield, FNGD or INTW?

FNGD and INTW have nearly identical dividend yields, around 0.00%.

What is the main difference between FNGD and INTW?

They also come from different issuers: BMO and GraniteShares. Their fees differ too: 0.95% for FNGD and 1.50% for INTW.

Which has better risk-adjusted returns?

INTW currently has the higher Sharpe Ratio (13.25 vs -0.76), meaning it's delivered slightly more return per unit of risk over the trailing 12 months. However, this ranking shifts over time - use the Risk/Return Score above for a more comprehensive view that combines Sharpe, Sortino, and other measures used by quantitative funds.