Correlation
The correlation between FNGG and CBZ is 0.55, 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.
FNGG vs. CBZ
Compare and contrast key facts about Direxion Daily NYSE FANG+ Bull 2X Shares (FNGG) and CBIZ, Inc. (CBZ).
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 CBZ.
Performance
FNGG vs. CBZ - Performance Comparison
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Key characteristics
FNGG:
0.86
CBZ:
-0.15
FNGG:
1.36
CBZ:
0.10
FNGG:
1.18
CBZ:
1.02
FNGG:
0.73
CBZ:
-0.17
FNGG:
2.61
CBZ:
-0.30
FNGG:
18.19%
CBZ:
14.54%
FNGG:
64.54%
CBZ:
37.35%
FNGG:
-91.33%
CBZ:
-96.16%
FNGG:
-39.40%
CBZ:
-19.24%
Returns By Period
In the year-to-date period, FNGG achieves a 4.23% return, which is significantly higher than CBZ's -12.51% return.
FNGG
4.23%
17.57%
12.10%
55.06%
50.15%
N/A
N/A
CBZ
-12.51%
-0.28%
-12.46%
-5.58%
19.10%
24.59%
22.91%
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Risk-Adjusted Performance
FNGG vs. CBZ — Risk-Adjusted Performance Rank
FNGG
CBZ
FNGG vs. CBZ - Risk-Adjusted Performance 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.
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Dividends
FNGG vs. CBZ - Dividend Comparison
FNGG's dividend yield for the trailing twelve months is around 0.90%, while CBZ has not paid dividends to shareholders.
TTM | 2024 | 2023 | 2022 | 2021 | |
---|---|---|---|---|---|
FNGG Direxion Daily NYSE FANG+ Bull 2X Shares | 0.90% | 0.79% | 0.88% | 0.00% | 4.99% |
CBZ CBIZ, Inc. | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
Drawdowns
FNGG vs. CBZ - Drawdown Comparison
The maximum FNGG drawdown since its inception was -91.33%, smaller than the maximum CBZ drawdown of -96.16%. Use the drawdown chart below to compare losses from any high point for FNGG and CBZ.
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Volatility
FNGG vs. CBZ - Volatility Comparison
Direxion Daily NYSE FANG+ Bull 2X Shares (FNGG) has a higher volatility of 12.56% compared to CBIZ, Inc. (CBZ) at 8.72%. 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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