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 0.33, 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:
0.36
CBZ:
-0.06
FNGG:
0.80
CBZ:
0.14
FNGG:
1.10
CBZ:
1.02
FNGG:
0.28
CBZ:
-0.07
FNGG:
1.31
CBZ:
-0.15
FNGG:
14.43%
CBZ:
12.75%
FNGG:
52.86%
CBZ:
32.56%
FNGG:
-91.33%
CBZ:
-96.16%
FNGG:
-55.50%
CBZ:
-13.16%
Returns By Period
In the year-to-date period, FNGG achieves a -23.46% return, which is significantly lower than CBZ's -5.93% return.
FNGG
-23.46%
-18.62%
1.31%
17.63%
N/A
N/A
CBZ
-5.93%
-1.52%
15.24%
-1.13%
29.84%
23.48%
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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.
Dividends
FNGG vs. CBZ - Dividend Comparison
FNGG's dividend yield for the trailing twelve months is around 1.22%, while CBZ has not paid dividends to shareholders.
| TTM | 2024 | 2023 | 2022 | 2021 | |
|---|---|---|---|---|---|
FNGG Direxion Daily NYSE FANG+ Bull 2X Shares | 1.22% | 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 22.27% compared to CBIZ, Inc. (CBZ) at 7.68%. 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.