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.
Key characteristics
| FNGG | CBZ | |
|---|---|---|
| YTD Return | 83.59% | 25.56% |
| 1Y Return | 106.78% | 35.24% |
| 3Y Return (Ann) | -18.51% | 25.87% |
| Sharpe Ratio | 2.44 | 1.19 |
| Sortino Ratio | 2.76 | 1.55 |
| Omega Ratio | 1.37 | 1.29 |
| Calmar Ratio | 1.55 | 1.50 |
| Martin Ratio | 10.18 | 3.44 |
| Ulcer Index | 11.38% | 11.26% |
| Daily Std Dev | 47.54% | 32.42% |
| Max Drawdown | -91.33% | -96.16% |
| Current Drawdown | -46.29% | -8.64% |
Correlation
The correlation between FNGG and CBZ is 0.35, which is considered to be low. This implies their price changes are not closely related. A low correlation is generally favorable for portfolio diversification, as it helps to reduce overall risk by spreading it across multiple assets with different performance patterns.
Performance
FNGG vs. CBZ - Performance Comparison
In the year-to-date period, FNGG achieves a 83.59% return, which is significantly higher than CBZ's 25.56% 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. 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.
Dividends
FNGG vs. CBZ - Dividend Comparison
FNGG's dividend yield for the trailing twelve months is around 0.92%, while CBZ has not paid dividends to shareholders.
| TTM | 2023 | 2022 | 2021 | |
|---|---|---|---|---|
FNGG Direxion Daily NYSE FANG+ Bull 2X Shares | 0.92% | 0.88% | 0.00% | 4.99% |
CBZ CBIZ, Inc. | 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. For additional features, visit the drawdowns tool.
Volatility
FNGG vs. CBZ - Volatility Comparison
Direxion Daily NYSE FANG+ Bull 2X Shares (FNGG) has a higher volatility of 12.46% compared to CBIZ, Inc. (CBZ) at 10.51%. 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.