FNGG vs. CBZ
FNGG (Direxion Daily NYSE FANG+ Bull 2X Shares) is Leveraged Equities fund tracking the NYSE FANG+ Index (2x Leveraged), while CBZ (CBIZ, Inc.) is a stock. Over the past 3 years, FNGG returned 50.53%/yr vs -18.45%/yr for CBZ. At a 0.25 correlation, their price movements are largely independent.
Performance
FNGG vs. CBZ - Performance Comparison
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Returns By Period
In the year-to-date period, FNGG achieves a 11.08% return, which is significantly higher than CBZ's -43.19% return.
FNGG
- 1D
- -5.43%
- 1M
- -2.38%
- YTD
- 11.08%
- 6M
- 9.63%
- 1Y
- 34.32%
- 3Y*
- 50.53%
- 5Y*
- —
- 10Y*
- —
CBZ
- 1D
- -7.85%
- 1M
- -11.08%
- YTD
- -43.19%
- 6M
- -45.05%
- 1Y
- -57.38%
- 3Y*
- -18.45%
- 5Y*
- -3.01%
- 10Y*
- 10.59%
FNGG vs. CBZ - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | |
|---|---|---|---|---|---|---|
FNGG Direxion Daily NYSE FANG+ Bull 2X Shares | 11.08% | 27.21% | 98.76% | 204.23% | -87.15% | -4.05% |
CBZ CBIZ, Inc. | -43.19% | -38.35% | 30.74% | 33.60% | 19.76% | 19.20% |
Correlation
The correlation between FNGG and CBZ is -0.05, meaning there is essentially no relationship between their price movements. Each responds to its own set of market drivers, making them strong candidates for combining in a diversified portfolio.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | -0.05 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.14 |
Correlation (All Time) Calculated using the full available price history since Sep 30, 2021 | 0.25 |
The correlation between FNGG and CBZ shifts across timeframes, from -0.05 (1 year) to 0.25 (all time), reflecting how their relationship changes across market environments.
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Return for Risk
FNGG vs. CBZ — Risk / Return Rank
FNGG
CBZ
FNGG vs. CBZ - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Direxion Daily NYSE FANG+ Bull 2X Shares (FNGG) and CBIZ, Inc. (CBZ). 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.
Values are calculated on a 1-year rolling basis and updated daily. Risk-adjusted metrics are more stable over longer periods — use the period switch above to explore them.
| FNGG | CBZ | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +1.87 | ||
| Sortino ratioReturn per unit of downside risk | +2.97 | ||
| Omega ratioGain probability vs. loss probability | 1.16 | 0.78 | +0.38 |
| Calmar ratioReturn relative to maximum drawdown | 0.80 | -0.85 | +1.65 |
| Martin ratioReturn relative to average drawdown | 2.07 | -1.31 | +3.38 |
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Drawdowns
FNGG vs. CBZ - Drawdown Comparison
The maximum FNGG drawdown since its inception was -91.33%, roughly equal to the maximum CBZ drawdown of -96.13%. Use the drawdown chart below to compare losses from any high point for FNGG and CBZ.
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Drawdown Indicators
| FNGG | CBZ | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -91.33% | -96.13% | +4.80% |
Max Drawdown (1Y)Largest decline over 1 year | -43.01% | -67.69% | +24.68% |
Max Drawdown (3Y)Largest decline over 3 years | -47.03% | -71.64% | +24.61% |
Max Drawdown (5Y)Largest decline over 5 years | — | -71.64% | — |
Max Drawdown (10Y)Largest decline over 10 years | — | -71.64% | — |
Current DrawdownCurrent decline from peak | -17.85% | -67.67% | +49.82% |
Average DrawdownAverage peak-to-trough decline | -55.59% | -51.06% | -4.53% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 16.60% | 43.95% | -27.35% |
Volatility
FNGG vs. CBZ - Volatility Comparison
Direxion Daily NYSE FANG+ Bull 2X Shares (FNGG) has a higher volatility of 20.62% compared to CBIZ, Inc. (CBZ) at 15.21%. This indicates that FNGG's price experiences larger fluctuations and is considered to be riskier than CBZ based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| FNGG | CBZ | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 20.62% | 15.21% | +5.41% |
Volatility (6M)Calculated over the trailing 6-month period | 34.72% | 44.29% | -9.57% |
Volatility (1Y)Calculated over the trailing 1-year period | 43.47% | 53.42% | -9.95% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 67.79% | 34.58% | +33.21% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 67.79% | 31.11% | +36.68% |
Dividends
FNGG vs. CBZ - Dividend Comparison
FNGG's dividend yield for the trailing twelve months is around 10.67%, while CBZ has not paid dividends to shareholders.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 |
|---|---|---|---|---|---|---|
CBZ CBIZ, Inc. | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
FNGG Direxion Daily NYSE FANG+ Bull 2X Shares | 10.67% | 11.89% | 0.79% | 0.88% | 0.00% | 4.99% |
Frequently Asked Questions
FNGG and CBZ have a correlation of -0.05, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
FNGG has higher volatility (20.62%) compared to CBZ (15.21%). In terms of maximum drawdown, FNGG dropped -91.33% vs CBZ's -96.13%.
FNGG currently has the higher Sharpe Ratio (0.79 vs -1.08), meaning it's delivered slightly more return per unit of risk over the trailing 12 months. However, this ranking shifts over time - use the Risk/Return Score above for a more comprehensive view that combines Sharpe, Sortino, and other measures used by quantitative funds.
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