FNGD vs. VOO
Compare and contrast key facts about MicroSectors FANG+™ Index -3X Inverse Leveraged ETN (FNGD) and Vanguard S&P 500 ETF (VOO).
FNGD and VOO 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. VOO is a passively managed fund by Vanguard that tracks the performance of the S&P 500 Index. It was launched on Sep 7, 2010. Both FNGD and VOO 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 VOO.
Key characteristics
| FNGD | VOO | |
|---|---|---|
| YTD Return | -71.96% | 26.59% |
| 1Y Return | -79.51% | 38.23% |
| 3Y Return (Ann) | -63.80% | 9.99% |
| 5Y Return (Ann) | -77.85% | 15.91% |
| Sharpe Ratio | -1.12 | 3.11 |
| Sortino Ratio | -2.52 | 4.14 |
| Omega Ratio | 0.73 | 1.58 |
| Calmar Ratio | -0.80 | 4.54 |
| Martin Ratio | -1.38 | 20.72 |
| Ulcer Index | 58.01% | 1.85% |
| Daily Std Dev | 71.40% | 12.33% |
| Max Drawdown | -99.98% | -33.99% |
| Current Drawdown | -99.98% | 0.00% |
Correlation
The correlation between FNGD and VOO is -0.78. 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.
Performance
FNGD vs. VOO - Performance Comparison
In the year-to-date period, FNGD achieves a -71.96% return, which is significantly lower than VOO's 26.59% 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. VOO - Expense Ratio Comparison
FNGD has a 0.95% expense ratio, which is higher than VOO's 0.03% expense ratio.
Risk-Adjusted Performance
FNGD vs. VOO - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for MicroSectors FANG+™ Index -3X Inverse Leveraged ETN (FNGD) and Vanguard S&P 500 ETF (VOO). 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. VOO - Dividend Comparison
FNGD has not paid dividends to shareholders, while VOO's dividend yield for the trailing twelve months is around 1.24%.
| TTM | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
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% |
VOO Vanguard S&P 500 ETF | 1.24% | 1.46% | 1.69% | 1.25% | 1.54% | 1.88% | 2.06% | 1.78% | 2.02% | 2.10% | 1.85% | 1.84% |
Drawdowns
FNGD vs. VOO - Drawdown Comparison
The maximum FNGD drawdown since its inception was -99.98%, which is greater than VOO's maximum drawdown of -33.99%. Use the drawdown chart below to compare losses from any high point for FNGD and VOO. For additional features, visit the drawdowns tool.
Volatility
FNGD vs. VOO - Volatility Comparison
MicroSectors FANG+™ Index -3X Inverse Leveraged ETN (FNGD) has a higher volatility of 18.29% compared to Vanguard S&P 500 ETF (VOO) at 3.95%. This indicates that FNGD's price experiences larger fluctuations and is considered to be riskier than VOO based on this measure. The chart below showcases a comparison of their rolling one-month volatility.