FNGD vs. OEF
FNGD (MicroSectors FANG+™ Index -3X Inverse Leveraged ETN) and OEF (iShares S&P 100 ETF) are both exchange-traded funds - FNGD is a Leveraged Equities fund tracking the NYSE FANG+ Index (-300%), while OEF is a Large Cap Blend Equities fund tracking the S&P 100 Index. Both are passively managed. Over the past 5 years, FNGD returned -63.24%/yr vs 14.24%/yr for OEF. Their -0.83 correlation means they have often moved in opposite directions in the past. FNGD charges 0.95%/yr vs 0.20%/yr for OEF.
Performance
FNGD vs. OEF - Performance Comparison
Loading charts...
Returns By Period
In the year-to-date period, FNGD achieves a -34.80% return, which is significantly lower than OEF's 8.12% return.
FNGD
- 1D
- -5.03%
- 1M
- -4.69%
- 6M
- -39.93%
- YTD
- -34.80%
- 1Y
- -48.33%
- 3Y*
- -64.85%
- 5Y*
- -63.24%
- 10Y*
- —
- ALL TIME*
- -69.95%
OEF
- 1D
- 0.95%
- 1M
- 0.81%
- 6M
- 7.93%
- YTD
- 8.12%
- 1Y
- 21.28%
- 3Y*
- 21.28%
- 5Y*
- 14.24%
- 10Y*
- 16.17%
- ALL TIME*
- 8.43%
Liquidity Comparison
| Position | Avg. Volume Value (2W) | Avg. Volume Value (1M) | Avg. Volume Value (3M) |
|---|---|---|---|
| $13.50M | $14.88M | $20.27M | |
| $110.18M | $97.33M | $117.28M |
FNGD vs. OEF - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | |
|---|---|---|---|---|---|---|---|---|---|
FNGD MicroSectors FANG+™ Index -3X Inverse Leveraged ETN | -34.80% | -61.42% | -76.57% | -90.14% | 52.21% | -60.04% | -95.60% | -72.46% | -16.61% |
OEF iShares S&P 100 ETF | 8.12% | 19.80% | 30.74% | 32.71% | -21.03% | 29.18% | 21.21% | 31.87% | -9.75% |
Correlation
The correlation between FNGD and OEF is -0.87, meaning they have often moved in opposite directions in the past. This relationship can weaken or reverse as market conditions change.
| Correlation | |
|---|---|
Correlation (1Y) Focuses on recent behavior, but can change the most. | -0.87 |
Correlation (3Y) Balances recent behavior with more history. | -0.88 |
Correlation (5Y) Shows whether the relationship held over a longer period. | -0.87 |
Correlation (All Time) Calculated using the full available price history since Jan 23, 2018 | -0.83 |
The correlation between FNGD and OEF has been stable across timeframes, ranging from -0.88 to -0.83 - a consistent structural relationship.
Compare stocks, funds, or ETFs
Search for stocks, ETFs, and funds for a quick comparison or use the comparison tool for more options.
Return for Risk
FNGD vs. OEF — Risk / Return Rank
FNGD
OEF
FNGD vs. OEF - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for MicroSectors FANG+™ Index -3X Inverse Leveraged ETN (FNGD) and iShares S&P 100 ETF (OEF). 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 | OEF | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -2.03 | ||
| Sortino ratioReturn per unit of downside risk | -2.67 | ||
| Omega ratioGain probability vs. loss probability | 0.91 | 1.25 | -0.33 |
| Calmar ratioReturn relative to maximum drawdown | -0.68 | 1.71 | -2.38 |
| Martin ratioReturn relative to average drawdown | -1.26 | 6.48 | -7.74 |
Loading charts...
Drawdowns
FNGD vs. OEF - Drawdown Comparison
The maximum FNGD drawdown since its inception was -100.00%, which is greater than OEF's maximum drawdown of -54.11%. Use the drawdown chart below to compare losses from any high point for FNGD and OEF.
Loading charts...
Drawdown Indicators
| FNGD | OEF | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -100.00% | -54.11% | -45.89% |
Max Drawdown (1Y)Largest decline over 1 year | -65.92% | -11.06% | -54.86% |
Max Drawdown (3Y)Largest decline over 3 years | -97.35% | -19.80% | -77.55% |
Max Drawdown (5Y)Largest decline over 5 years | -99.67% | -26.47% | -73.20% |
Max Drawdown (10Y)Largest decline over 10 years | — | -31.44% | — |
Current DrawdownCurrent decline from peak | -100.00% | -2.20% | -97.80% |
Average DrawdownAverage peak-to-trough decline | -87.46% | -11.70% | -75.76% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 35.26% | 2.91% | +32.35% |
Volatility
FNGD vs. OEF - Volatility Comparison
MicroSectors FANG+™ Index -3X Inverse Leveraged ETN (FNGD) has a higher volatility of 18.15% compared to iShares S&P 100 ETF (OEF) at 4.08%. This indicates that FNGD's price experiences larger fluctuations and is considered to be riskier than OEF based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
Loading charts...
Volatility by Period
| FNGD | OEF | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 18.15% | 4.08% | +14.07% |
Volatility (6M)Calculated over the trailing 6-month period | 54.65% | 10.93% | +43.72% |
Volatility (1Y)Calculated over the trailing 1-year period | 66.81% | 13.86% | +52.95% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 89.78% | 17.85% | +71.93% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 90.95% | 18.49% | +72.46% |
FNGD vs. OEF - Expense Ratio Comparison
FNGD has a 0.95% expense ratio, which is higher than OEF's 0.20% expense ratio.
Dividends
FNGD vs. OEF - Dividend Comparison
FNGD has not paid dividends to shareholders, while OEF's dividend yield for the trailing twelve months is around 0.87%.
| Position | 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% |
OEF iShares S&P 100 ETF | 0.87% | 0.81% | 1.03% | 1.19% | 1.55% | 1.06% | 1.43% | 1.87% | 2.09% | 1.81% | 2.07% | 2.11% |
Frequently Asked Questions
FNGD and OEF have a correlation of -0.87, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
FNGD has higher volatility (18.15%) compared to OEF (4.08%). In terms of maximum drawdown, FNGD dropped -100.00% vs OEF's -54.11%.
On 5-year performance, OEF leads with 14.24% vs -63.24% for FNGD. On fees, OEF is cheaper at 0.20% per year. On volatility, OEF has been the lower-risk option at 4.08%. The better choice depends on whether you care most about return, fees, risk, or income.
Over the 5-year period, OEF has performed better with a 14.24% return vs -63.24%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.
OEF is cheaper with a 0.20% expense ratio, compared with 0.95% for FNGD.
OEF has the higher dividend yield at 0.87%, compared with 0.00% for FNGD.
FNGD is categorized as Leveraged Equities, while OEF is Large Cap Blend Equities. FNGD tracks NYSE FANG+ Index (-300%), while OEF tracks S&P 100 Index. They also come from different issuers: BMO and iShares. Their fees differ too: 0.95% for FNGD and 0.20% for OEF.
OEF currently has the higher Sharpe Ratio (1.36 vs -0.67), 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.
Find the right allocation for FNGD and OEF
Add both to a portfolio and optimize allocations for your target — whether that's maximizing returns, minimizing drawdowns, or balancing risk across holdings.
Open Portfolio Optimizer