FNGG vs. APO
Compare and contrast key facts about Direxion Daily NYSE FANG+ Bull 2X Shares (FNGG) and Apollo Global Management, Inc. (APO).
FNGG is a passively managed fund by Direxion that tracks the performance of the NYSE FANG+ Index (2x Leveraged). It was launched on Sep 30, 2021.
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: FNGG or APO.
Key characteristics
| FNGG | APO | |
|---|---|---|
| YTD Return | 83.50% | 73.57% |
| 1Y Return | 122.68% | 91.75% |
| 3Y Return (Ann) | -17.42% | 30.53% |
| Sharpe Ratio | 2.62 | 3.00 |
| Sortino Ratio | 2.90 | 3.56 |
| Omega Ratio | 1.39 | 1.52 |
| Calmar Ratio | 1.64 | 4.44 |
| Martin Ratio | 11.01 | 17.83 |
| Ulcer Index | 11.38% | 5.20% |
| Daily Std Dev | 47.78% | 30.85% |
| Max Drawdown | -91.33% | -56.98% |
| Current Drawdown | -46.32% | -2.35% |
Correlation
The correlation between FNGG and APO is 0.60, which is considered to be moderate. This suggests that the two assets have some degree of positive relationship in their price movements. Moderate correlation can be acceptable for portfolio diversification, offering a balance between risk and potential returns.
Performance
FNGG vs. APO - Performance Comparison
In the year-to-date period, FNGG achieves a 83.50% return, which is significantly higher than APO's 73.57% 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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Risk-Adjusted Performance
FNGG vs. APO - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for Direxion Daily NYSE FANG+ Bull 2X Shares (FNGG) and Apollo Global Management, Inc. (APO). 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
FNGG vs. APO - Dividend Comparison
FNGG's dividend yield for the trailing twelve months is around 0.92%, less than APO's 1.12% yield.
| TTM | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
FNGG Direxion Daily NYSE FANG+ Bull 2X Shares | 0.92% | 0.88% | 0.00% | 4.99% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
APO Apollo Global Management, Inc. | 1.12% | 1.81% | 2.51% | 2.90% | 4.72% | 4.23% | 7.86% | 5.53% | 6.46% | 12.91% | 13.19% | 12.50% |
Drawdowns
FNGG vs. APO - Drawdown Comparison
The maximum FNGG drawdown since its inception was -91.33%, which is greater than APO's maximum drawdown of -56.98%. Use the drawdown chart below to compare losses from any high point for FNGG and APO. For additional features, visit the drawdowns tool.
Volatility
FNGG vs. APO - Volatility Comparison
Direxion Daily NYSE FANG+ Bull 2X Shares (FNGG) has a higher volatility of 13.26% compared to Apollo Global Management, Inc. (APO) at 12.62%. This indicates that FNGG's price experiences larger fluctuations and is considered to be riskier than APO based on this measure. The chart below showcases a comparison of their rolling one-month volatility.