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.
Correlation
The correlation between FNGG and CBZ is 0.34, 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
Key characteristics
FNGG:
1.43
CBZ:
0.51
FNGG:
1.91
CBZ:
0.81
FNGG:
1.25
CBZ:
1.14
FNGG:
1.04
CBZ:
0.62
FNGG:
6.04
CBZ:
1.39
FNGG:
11.68%
CBZ:
11.56%
FNGG:
49.44%
CBZ:
31.69%
FNGG:
-91.33%
CBZ:
-96.16%
FNGG:
-40.50%
CBZ:
-5.29%
Returns By Period
In the year-to-date period, FNGG achieves a 2.34% return, which is significantly lower than CBZ's 2.60% return.
FNGG
2.34%
-7.94%
33.62%
57.17%
N/A
N/A
CBZ
2.60%
-0.27%
16.58%
11.25%
24.58%
25.07%
Compare stocks, funds, or ETFs
Search for stocks, ETFs, and funds for a quick comparison or use the comparison tool for more options.
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.
Dividends
FNGG vs. CBZ - Dividend Comparison
FNGG's dividend yield for the trailing twelve months is around 0.77%, while CBZ has not paid dividends to shareholders.
| TTM | 2024 | 2023 | 2022 | 2021 | |
|---|---|---|---|---|---|
FNGG Direxion Daily NYSE FANG+ Bull 2X Shares | 0.77% | 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. 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 14.51% compared to CBIZ, Inc. (CBZ) at 5.41%. 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.