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.
Correlation
The correlation between FNGD and TECS is 0.86, 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. TECS - Performance Comparison
Key characteristics
FNGD:
-0.64
TECS:
-0.31
FNGD:
-0.69
TECS:
0.14
FNGD:
0.92
TECS:
1.02
FNGD:
-0.60
TECS:
-0.28
FNGD:
-1.07
TECS:
-0.68
FNGD:
55.82%
TECS:
40.70%
FNGD:
92.39%
TECS:
88.23%
FNGD:
-99.99%
TECS:
-100.00%
FNGD:
-99.98%
TECS:
-99.99%
Returns By Period
In the year-to-date period, FNGD achieves a 19.62% return, which is significantly lower than TECS's 33.69% return.
FNGD
19.62%
0.99%
-13.64%
-62.97%
-72.15%
N/A
TECS
33.69%
10.04%
30.84%
-30.09%
-55.97%
-54.82%
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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.
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 3.74%.
| 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 | 3.74% | 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. For additional features, visit the drawdowns tool.
Volatility
FNGD vs. TECS - Volatility Comparison
MicroSectors FANG+™ Index -3X Inverse Leveraged ETN (FNGD) and Direxion Daily Technology Bear 3X Shares (TECS) have volatilities of 63.16% and 62.77%, respectively, indicating that both stocks experience similar levels of price fluctuations. This suggests that the risk associated with both stocks, as measured by volatility, is nearly the same. The chart below showcases a comparison of their rolling one-month volatility.