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FNGD vs. LABD
Performance
Risk-Adjusted Performance
Dividends
Drawdowns
Volatility

Performance

FNGD vs. LABD - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in MicroSectors FANG+™ Index -3X Inverse Leveraged ETN (FNGD) and Direxion Daily S&P Biotech Bear 3x Shares (LABD). The values are adjusted to include any dividend payments, if applicable.

-40.00%-20.00%0.00%20.00%40.00%JuneJulyAugustSeptemberOctoberNovember
-33.33%
-10.95%
FNGD
LABD

Returns By Period

In the year-to-date period, FNGD achieves a -71.63% return, which is significantly lower than LABD's -27.72% return.


FNGD

YTD

-71.63%

1M

-14.70%

6M

-45.79%

1Y

-75.28%

5Y (annualized)

-77.69%

10Y (annualized)

N/A

LABD

YTD

-27.72%

1M

19.96%

6M

-11.31%

1Y

-61.67%

5Y (annualized)

-53.26%

10Y (annualized)

N/A

Key characteristics


FNGDLABD
Sharpe Ratio-1.07-0.79
Sortino Ratio-2.26-1.16
Omega Ratio0.750.87
Calmar Ratio-0.76-0.63
Martin Ratio-1.37-1.06
Ulcer Index55.79%59.52%
Daily Std Dev71.40%79.50%
Max Drawdown-99.98%-99.97%
Current Drawdown-99.98%-99.96%

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FNGD vs. LABD - Expense Ratio Comparison

FNGD has a 0.95% expense ratio, which is lower than LABD's 1.06% expense ratio.


LABD
Direxion Daily S&P Biotech Bear 3x Shares
Expense ratio chart for LABD: current value at 1.06% compared with the broader market ranging from 0.00% to 2.12%.0.50%1.00%1.50%2.00%1.06%
Expense ratio chart for FNGD: current value at 0.95% compared with the broader market ranging from 0.00% to 2.12%.0.50%1.00%1.50%2.00%0.95%

Correlation

-0.50.00.51.00.6

The correlation between FNGD and LABD is 0.55, which is considered to be moderate. This suggests that the two assets have some degree of positive relationship in their price movements. Moderate correlation can be acceptable for portfolio diversification, offering a balance between risk and potential returns.

Risk-Adjusted Performance

FNGD vs. LABD - Risk-Adjusted Performance Comparison

This table presents a comparison of risk-adjusted performance metrics for MicroSectors FANG+™ Index -3X Inverse Leveraged ETN (FNGD) and Direxion Daily S&P Biotech Bear 3x Shares (LABD). 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.


Sharpe ratio
The chart of Sharpe ratio for FNGD, currently valued at -1.07, compared to the broader market0.002.004.006.00-1.07-0.79
The chart of Sortino ratio for FNGD, currently valued at -2.26, compared to the broader market-2.000.002.004.006.008.0010.0012.00-2.26-1.16
The chart of Omega ratio for FNGD, currently valued at 0.75, compared to the broader market0.501.001.502.002.503.000.750.87
The chart of Calmar ratio for FNGD, currently valued at -0.76, compared to the broader market0.005.0010.0015.00-0.76-0.63
The chart of Martin ratio for FNGD, currently valued at -1.37, compared to the broader market0.0020.0040.0060.0080.00100.00120.00-1.37-1.06
FNGD
LABD

The current FNGD Sharpe Ratio is -1.07, which is lower than the LABD Sharpe Ratio of -0.79. The chart below compares the historical Sharpe Ratios of FNGD and LABD, offering insights into how both investments have performed under varying market conditions. These values are calculated using daily returns over the previous 12 months.

Rolling 12-month Sharpe Ratio-1.20-1.00-0.80-0.60-0.40JuneJulyAugustSeptemberOctoberNovember
-1.07
-0.79
FNGD
LABD

Dividends

FNGD vs. LABD - Dividend Comparison

FNGD has not paid dividends to shareholders, while LABD's dividend yield for the trailing twelve months is around 4.39%.


TTM202320222021202020192018
FNGD
MicroSectors FANG+™ Index -3X Inverse Leveraged ETN
0.00%0.00%0.00%0.00%0.00%0.00%0.00%
LABD
Direxion Daily S&P Biotech Bear 3x Shares
4.39%6.14%0.53%0.00%3.96%1.75%0.80%

Drawdowns

FNGD vs. LABD - Drawdown Comparison

The maximum FNGD drawdown since its inception was -99.98%, roughly equal to the maximum LABD drawdown of -99.97%. Use the drawdown chart below to compare losses from any high point for FNGD and LABD. For additional features, visit the drawdowns tool.


-100.00%-99.80%-99.60%-99.40%-99.20%JuneJulyAugustSeptemberOctoberNovember
-99.98%
-99.37%
FNGD
LABD

Volatility

FNGD vs. LABD - Volatility Comparison

The current volatility for MicroSectors FANG+™ Index -3X Inverse Leveraged ETN (FNGD) is 20.08%, while Direxion Daily S&P Biotech Bear 3x Shares (LABD) has a volatility of 23.90%. This indicates that FNGD experiences smaller price fluctuations and is considered to be less risky than LABD based on this measure. The chart below showcases a comparison of their rolling one-month volatility.


15.00%20.00%25.00%30.00%JuneJulyAugustSeptemberOctoberNovember
20.08%
23.90%
FNGD
LABD