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FNGG vs. CBZ
Performance
Risk-Adjusted Performance
Dividends
Drawdowns
Volatility

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.


Performance

FNGG vs. CBZ - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Direxion Daily NYSE FANG+ Bull 2X Shares (FNGG) and CBIZ, Inc. (CBZ). The values are adjusted to include any dividend payments, if applicable.

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Key characteristics

Sharpe Ratio

FNGG:

0.86

CBZ:

-0.15

Sortino Ratio

FNGG:

1.36

CBZ:

0.10

Omega Ratio

FNGG:

1.18

CBZ:

1.02

Calmar Ratio

FNGG:

0.73

CBZ:

-0.17

Martin Ratio

FNGG:

2.61

CBZ:

-0.30

Ulcer Index

FNGG:

18.19%

CBZ:

14.54%

Daily Std Dev

FNGG:

64.54%

CBZ:

37.35%

Max Drawdown

FNGG:

-91.33%

CBZ:

-96.16%

Current Drawdown

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

YTD

4.23%

1M

17.57%

6M

12.10%

1Y

55.06%

3Y*

50.15%

5Y*

N/A

10Y*

N/A

CBZ

YTD

-12.51%

1M

-0.28%

6M

-12.46%

1Y

-5.58%

3Y*

19.10%

5Y*

24.59%

10Y*

22.91%

*Annualized

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CBIZ, Inc.

Go deeper with the Portfolio Analysis tool — backtest performance, assess risk, compare to benchmarks, and more

Risk-Adjusted Performance

FNGG vs. CBZ — Risk-Adjusted Performance Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.

FNGG
The Risk-Adjusted Performance Rank of FNGG is 7070
Overall Rank
The Sharpe Ratio Rank of FNGG is 7171
Sharpe Ratio Rank
The Sortino Ratio Rank of FNGG is 7474
Sortino Ratio Rank
The Omega Ratio Rank of FNGG is 7272
Omega Ratio Rank
The Calmar Ratio Rank of FNGG is 6868
Calmar Ratio Rank
The Martin Ratio Rank of FNGG is 6363
Martin Ratio Rank

CBZ
The Risk-Adjusted Performance Rank of CBZ is 4141
Overall Rank
The Sharpe Ratio Rank of CBZ is 4242
Sharpe Ratio Rank
The Sortino Ratio Rank of CBZ is 3939
Sortino Ratio Rank
The Omega Ratio Rank of CBZ is 4040
Omega Ratio Rank
The Calmar Ratio Rank of CBZ is 3939
Calmar Ratio Rank
The Martin Ratio Rank of CBZ is 4545
Martin Ratio Rank
The risk-adjusted ranks indicate the investment's position relative to the market. A rank closer to 100 signifies top-performing investments, while a rank closer to 0 might suggest underperformance, based on the selected ratio. The values are calculated based on the past 12 months of returns.

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.


The current FNGG Sharpe Ratio is 0.86, which is higher than the CBZ Sharpe Ratio of -0.15. The chart below compares the historical Sharpe Ratios of FNGG and CBZ, offering insights into how both investments have performed under varying market conditions. These values are calculated using daily returns over the previous 12 months.


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Go to the full Sharpe Ratio tool to analyze any stock or portfolio. Customize time frames, set your own risk-free rate, and more

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.


TTM2024202320222021
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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Go to the full Drawdowns tool for more analysis options, including inflation-adjusted drawdowns, and more

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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