FNGG vs. CBZ
FNGG (Direxion Daily NYSE FANG+ Bull 2X Shares) is Leveraged Equities fund tracking the NYSE FANG+ Index (2x Leveraged), while CBZ (CBIZ, Inc.) is a stock. Over the past 3 years, FNGG returned 46.89%/yr vs 0.52%/yr for CBZ. Their 0.24 correlation means their historical movements had little consistent relationship.
Performance
FNGG vs. CBZ - Performance Comparison
Loading charts...
Returns By Period
In the year-to-date period, FNGG achieves a 11.69% return, which is significantly higher than CBZ's 9.18% return.
FNGG
- 1D
- 3.83%
- 1M
- 1.46%
- 6M
- 20.01%
- YTD
- 11.69%
- 1Y
- 22.57%
- 3Y*
- 46.89%
- 5Y*
- —
- 10Y*
- —
- ALL TIME*
- 1.19%
CBZ
- 1D
- -0.31%
- 1M
- 56.83%
- 6M
- 39.97%
- YTD
- 9.18%
- 1Y
- -10.80%
- 3Y*
- 0.52%
- 5Y*
- 11.24%
- 10Y*
- 17.65%
- ALL TIME*
- 12.11%
Liquidity Comparison
| Position | Avg. Volume Value (2W) | Avg. Volume Value (1M) | Avg. Volume Value (3M) |
|---|---|---|---|
CBZ CBIZ, Inc. | $147.97M | $85.27M | $44.73M |
| $659.98K | $756.57K | $1.71M |
FNGG vs. CBZ - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | |
|---|---|---|---|---|---|---|
FNGG Direxion Daily NYSE FANG+ Bull 2X Shares | 11.69% | 27.21% | 98.76% | 204.23% | -87.15% | -4.05% |
CBZ CBIZ, Inc. | 9.18% | -38.35% | 30.74% | 33.60% | 19.76% | 19.20% |
Correlation
The correlation between FNGG and CBZ is -0.09, meaning there was essentially no consistent relationship between their historical price movements. Each responded to its own set of market drivers.
| Correlation | |
|---|---|
Correlation (1Y) Focuses on recent behavior, but can change the most. | -0.09 |
Correlation (3Y) Balances recent behavior with more history. | 0.12 |
Correlation (All Time) Calculated using the full available price history since Sep 30, 2021 | 0.24 |
The correlation between FNGG and CBZ shifts across timeframes, from -0.09 (1 year) to 0.24 (all time), reflecting how their relationship changes across market environments.
Compare stocks, funds, or ETFs
Search for stocks, ETFs, and funds for a quick comparison or use the comparison tool for more options.
Return for Risk
FNGG vs. CBZ — Risk / Return Rank
FNGG
CBZ
FNGG vs. CBZ - Risk-Adjusted Trends 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.
Values are calculated on a 1-year rolling basis and updated daily. Risk-adjusted metrics are more stable over longer periods — use the period switch above to explore them.
| FNGG | CBZ | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.54 | ||
| Sortino ratioReturn per unit of downside risk | +0.66 | ||
| Omega ratioGain probability vs. loss probability | 1.09 | 1.02 | +0.08 |
| Calmar ratioReturn relative to maximum drawdown | 0.37 | -0.16 | +0.53 |
| Martin ratioReturn relative to average drawdown | 0.90 | -0.25 | +1.15 |
Loading charts...
Drawdowns
FNGG vs. CBZ - Drawdown Comparison
The maximum FNGG drawdown since its inception was -91.33%, roughly equal to the maximum CBZ drawdown of -96.13%. Use the drawdown chart below to compare losses from any high point for FNGG and CBZ.
Loading charts...
Drawdown Indicators
| FNGG | CBZ | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -91.33% | -96.13% | +4.80% |
Max Drawdown (1Y)Largest decline over 1 year | -43.01% | -62.23% | +19.22% |
Max Drawdown (3Y)Largest decline over 3 years | -47.03% | -71.64% | +24.61% |
Max Drawdown (5Y)Largest decline over 5 years | — | -71.64% | — |
Max Drawdown (10Y)Largest decline over 10 years | — | -71.64% | — |
Current DrawdownCurrent decline from peak | -17.39% | -37.87% | +20.48% |
Average DrawdownAverage peak-to-trough decline | -54.74% | -51.07% | -3.67% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 17.59% | 39.41% | -21.82% |
Volatility
FNGG vs. CBZ - Volatility Comparison
The current volatility for Direxion Daily NYSE FANG+ Bull 2X Shares (FNGG) is 12.01%, while CBIZ, Inc. (CBZ) has a volatility of 19.59%. This indicates that FNGG experiences smaller price fluctuations and is considered to be less risky than CBZ based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
Loading charts...
Volatility by Period
| FNGG | CBZ | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 12.01% | 19.59% | -7.58% |
Volatility (6M)Calculated over the trailing 6-month period | 35.72% | 47.84% | -12.12% |
Volatility (1Y)Calculated over the trailing 1-year period | 44.43% | 58.72% | -14.29% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 67.29% | 36.28% | +31.01% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 67.29% | 32.02% | +35.27% |
Dividends
FNGG vs. CBZ - Dividend Comparison
FNGG's dividend yield for the trailing twelve months is around 10.66%, while CBZ has not paid dividends to shareholders.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 |
|---|---|---|---|---|---|---|
CBZ CBIZ, Inc. | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
FNGG Direxion Daily NYSE FANG+ Bull 2X Shares | 10.66% | 11.89% | 0.79% | 0.88% | 0.00% | 4.99% |
Frequently Asked Questions
FNGG and CBZ have a correlation of -0.09, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
CBZ has higher volatility (19.59%) compared to FNGG (12.01%). In terms of maximum drawdown, FNGG dropped -91.33% vs CBZ's -96.13%.
FNGG currently has the higher Sharpe Ratio (0.36 vs -0.18), meaning it's delivered slightly more return per unit of risk over the trailing 12 months. However, this ranking shifts over time - use the Risk/Return Score above for a more comprehensive view that combines Sharpe, Sortino, and other measures used by quantitative funds.
Find the right allocation for FNGG and CBZ
Add both to a portfolio and optimize allocations for your target — whether that's maximizing returns, minimizing drawdowns, or balancing risk across holdings.
Open Portfolio Optimizer