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 47.72%/yr vs -8.78%/yr for CBZ. At a 0.24 correlation, their price movements are largely independent.
Performance
FNGG vs. CBZ - Performance Comparison
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Returns By Period
In the year-to-date period, FNGG achieves a 14.01% return, which is significantly higher than CBZ's -19.78% return.
FNGG
- 1D
- -1.75%
- 1M
- 5.15%
- 6M
- 14.11%
- YTD
- 14.01%
- 1Y
- 24.63%
- 3Y*
- 47.72%
- 5Y*
- —
- 10Y*
- —
CBZ
- 1D
- 7.09%
- 1M
- 14.78%
- 6M
- -25.39%
- YTD
- -19.78%
- 1Y
- -43.99%
- 3Y*
- -8.78%
- 5Y*
- 4.97%
- 10Y*
- 14.06%
FNGG vs. CBZ - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | |
|---|---|---|---|---|---|---|
FNGG Direxion Daily NYSE FANG+ Bull 2X Shares | 14.01% | 27.21% | 98.76% | 204.23% | -87.15% | -4.05% |
CBZ CBIZ, Inc. | -19.78% | -38.35% | 30.74% | 33.60% | 19.76% | 19.20% |
Correlation
The correlation between FNGG and CBZ is -0.07, meaning there is essentially no relationship between their price movements. Each responds to its own set of market drivers, making them strong candidates for combining in a diversified portfolio.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | -0.07 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.14 |
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 -0.07 (1 year) to 0.24 (all time), reflecting how their relationship changes across market environments.
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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 | +1.37 | ||
| Sortino ratioReturn per unit of downside risk | +2.04 | ||
| Omega ratioGain probability vs. loss probability | 1.13 | 0.87 | +0.26 |
| Calmar ratioReturn relative to maximum drawdown | 0.58 | -0.65 | +1.23 |
| Martin ratioReturn relative to average drawdown | 1.44 | -0.96 | +2.40 |
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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.
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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% | -67.69% | +24.68% |
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 | -15.68% | -54.35% | +38.67% |
Average DrawdownAverage peak-to-trough decline | -55.17% | -51.08% | -4.09% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 17.12% | 45.88% | -28.76% |
Volatility
FNGG vs. CBZ - Volatility Comparison
The current volatility for Direxion Daily NYSE FANG+ Bull 2X Shares (FNGG) is 15.56%, while CBIZ, Inc. (CBZ) has a volatility of 18.36%. 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.
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Volatility by Period
| FNGG | CBZ | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 15.56% | 18.36% | -2.80% |
Volatility (6M)Calculated over the trailing 6-month period | 35.05% | 46.14% | -11.09% |
Volatility (1Y)Calculated over the trailing 1-year period | 43.33% | 55.14% | -11.81% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 67.49% | 35.11% | +32.38% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 67.49% | 31.35% | +36.14% |
Dividends
FNGG vs. CBZ - Dividend Comparison
FNGG's dividend yield for the trailing twelve months is around 10.44%, 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 | 10.44% | 11.89% | 0.79% | 0.88% | 0.00% | 4.99% |
Frequently Asked Questions
FNGG and CBZ have a correlation of -0.07, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
CBZ has higher volatility (18.36%) compared to FNGG (15.56%). In terms of maximum drawdown, FNGG dropped -91.33% vs CBZ's -96.13%.
FNGG currently has the higher Sharpe Ratio (0.57 vs -0.80), 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.
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