Correlation
The correlation between FNGD and TECS is -0.79. 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.
FNGD vs. TECS
Compare and contrast key facts about MicroSectors FANG+™ Index -3X Inverse Leveraged ETN (FNGD) and Direxion Daily Technology Bear 3X Shares (TECS).
FNGD and TECS 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. TECS is a passively managed fund by Direxion that tracks the performance of the Technology Select Sector Index (-300%). It was launched on Dec 17, 2008. Both FNGD and TECS 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 TECS.
Performance
FNGD vs. TECS - Performance Comparison
Loading data...
Key characteristics
FNGD:
-0.80
TECS:
-0.58
FNGD:
-1.24
TECS:
-0.37
FNGD:
0.85
TECS:
0.95
FNGD:
-0.74
TECS:
-0.48
FNGD:
-1.54
TECS:
-1.30
FNGD:
47.78%
TECS:
37.30%
FNGD:
94.42%
TECS:
90.17%
FNGD:
-99.99%
TECS:
-100.00%
FNGD:
-99.99%
TECS:
-100.00%
Returns By Period
In the year-to-date period, FNGD achieves a -41.58% return, which is significantly lower than TECS's -26.69% return.
FNGD
-41.58%
-23.34%
-49.97%
-75.54%
-76.53%
-73.28%
N/A
TECS
-26.69%
-20.77%
-23.96%
-51.60%
-54.85%
-57.06%
-57.33%
Compare stocks, funds, or ETFs
Search for stocks, ETFs, and funds for a quick comparison or use the comparison tool for more options.
FNGD vs. TECS - Expense Ratio Comparison
FNGD has a 0.95% expense ratio, which is lower than TECS's 1.08% expense ratio.
Risk-Adjusted Performance
FNGD vs. TECS — Risk-Adjusted Performance Rank
FNGD
TECS
FNGD vs. TECS - 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 Technology Bear 3X Shares (TECS). 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.
Loading data...
Dividends
FNGD vs. TECS - Dividend Comparison
FNGD has not paid dividends to shareholders, while TECS's dividend yield for the trailing twelve months is around 6.82%.
| TTM | 2024 | 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% | 0.00% |
TECS Direxion Daily Technology Bear 3X Shares | 6.82% | 5.25% | 7.52% | 0.00% | 0.00% | 1.49% | 2.41% | 0.72% |
Drawdowns
FNGD vs. TECS - Drawdown Comparison
The maximum FNGD drawdown since its inception was -99.99%, roughly equal to the maximum TECS drawdown of -100.00%. Use the drawdown chart below to compare losses from any high point for FNGD and TECS.
Loading data...
Volatility
FNGD vs. TECS - Volatility Comparison
The current volatility for MicroSectors FANG+™ Index -3X Inverse Leveraged ETN (FNGD) is 19.15%, while Direxion Daily Technology Bear 3X Shares (TECS) has a volatility of 20.24%. This indicates that FNGD experiences smaller price fluctuations and is considered to be less risky than TECS based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
Loading data...