FNGG vs. FNGO
Compare and contrast key facts about Direxion Daily NYSE FANG+ Bull 2X Shares (FNGG) and MicroSectors FANG+ Index 2X Leveraged ETN (FNGO).
FNGG and FNGO are both exchange-traded funds (ETFs), meaning they are traded on stock exchanges and can be bought and sold throughout the day. 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. FNGO is a passively managed fund by Bank of Montreal that tracks the performance of the NYSE FANG+ Index (+200%). It was launched on Aug 1, 2018. Both FNGG and FNGO are passive ETFs, meaning that they are not actively managed but aim to replicate the performance of the underlying index as closely as possible.
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: FNGG or FNGO.
Correlation
The correlation between FNGG and FNGO is 0.40, 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. FNGO - Performance Comparison
Loading data...
Key characteristics
FNGG:
40.65%
FNGO:
39.30%
FNGG:
-3.08%
FNGO:
-2.25%
FNGG:
-3.08%
FNGO:
-2.25%
Returns By Period
FNGG
N/A
N/A
N/A
N/A
N/A
N/A
FNGO
N/A
N/A
N/A
N/A
N/A
N/A
Compare stocks, funds, or ETFs
Search for stocks, ETFs, and funds for a quick comparison or use the comparison tool for more options.
FNGG vs. FNGO - Expense Ratio Comparison
FNGG has a 0.98% expense ratio, which is higher than FNGO's 0.95% expense ratio.
Risk-Adjusted Performance
FNGG vs. FNGO — Risk-Adjusted Performance Rank
FNGG
FNGO
FNGG vs. FNGO - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for Direxion Daily NYSE FANG+ Bull 2X Shares (FNGG) and MicroSectors FANG+ Index 2X Leveraged ETN (FNGO). 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.
Loading data...
Dividends
FNGG vs. FNGO - Dividend Comparison
Neither FNGG nor FNGO has paid dividends to shareholders.
Drawdowns
FNGG vs. FNGO - Drawdown Comparison
The maximum FNGG drawdown since its inception was -3.08%, which is greater than FNGO's maximum drawdown of -2.25%. Use the drawdown chart below to compare losses from any high point for FNGG and FNGO. For additional features, visit the drawdowns tool.
Loading data...
Volatility
FNGG vs. FNGO - Volatility Comparison
Loading data...