FNGD vs. SOXS
Compare and contrast key facts about MicroSectors FANG+™ Index -3X Inverse Leveraged ETN (FNGD) and Direxion Daily Semiconductor Bear 3x Shares (SOXS).
FNGD and SOXS 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. SOXS is a passively managed fund by Direxion that tracks the performance of the PHLX Semiconductor Index (-300%). It was launched on Mar 11, 2010. Both FNGD and SOXS 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 SOXS.
Key characteristics
| FNGD | SOXS | |
|---|---|---|
| YTD Return | -72.26% | -59.42% |
| 1Y Return | -76.97% | -72.69% |
| 3Y Return (Ann) | -64.08% | -61.12% |
| 5Y Return (Ann) | -77.90% | -76.08% |
| Sharpe Ratio | -1.11 | -0.74 |
| Sortino Ratio | -2.44 | -1.23 |
| Omega Ratio | 0.73 | 0.86 |
| Calmar Ratio | -0.79 | -0.76 |
| Martin Ratio | -1.43 | -1.23 |
| Ulcer Index | 54.95% | 61.72% |
| Daily Std Dev | 71.00% | 102.42% |
| Max Drawdown | -99.98% | -100.00% |
| Current Drawdown | -99.98% | -100.00% |
Correlation
The correlation between FNGD and SOXS is 0.77, which is considered to be high. That indicates a strong positive relationship between their price movements. Having highly-correlated positions in a portfolio may signal a lack of diversification, potentially leading to increased risk during market downturns.
Performance
FNGD vs. SOXS - Performance Comparison
In the year-to-date period, FNGD achieves a -72.26% return, which is significantly lower than SOXS's -59.42% 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. SOXS - Expense Ratio Comparison
FNGD has a 0.95% expense ratio, which is lower than SOXS's 1.08% expense ratio.
Risk-Adjusted Performance
FNGD vs. SOXS - 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 Semiconductor Bear 3x Shares (SOXS). 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. SOXS - Dividend Comparison
FNGD has not paid dividends to shareholders, while SOXS's dividend yield for the trailing twelve months is around 7.09%.
| TTM | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | |
|---|---|---|---|---|---|---|---|
FNGD MicroSectors FANG+™ Index -3X Inverse Leveraged ETN | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
SOXS Direxion Daily Semiconductor Bear 3x Shares | 7.09% | 9.21% | 0.19% | 0.00% | 3.55% | 2.32% | 0.76% |
Drawdowns
FNGD vs. SOXS - Drawdown Comparison
The maximum FNGD drawdown since its inception was -99.98%, roughly equal to the maximum SOXS drawdown of -100.00%. Use the drawdown chart below to compare losses from any high point for FNGD and SOXS. For additional features, visit the drawdowns tool.
Volatility
FNGD vs. SOXS - Volatility Comparison
The current volatility for MicroSectors FANG+™ Index -3X Inverse Leveraged ETN (FNGD) is 17.57%, while Direxion Daily Semiconductor Bear 3x Shares (SOXS) has a volatility of 24.15%. This indicates that FNGD experiences smaller price fluctuations and is considered to be less risky than SOXS based on this measure. The chart below showcases a comparison of their rolling one-month volatility.