FNGG vs. FNGU
Compare and contrast key facts about Direxion Daily NYSE FANG+ Bull 2X Shares (FNGG) and MicroSectors FANG+™ Index 3X Leveraged ETN (FNGU).
FNGG and FNGU 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. FNGU is a passively managed fund by Bank of Montreal that tracks the performance of the NYSE FANG (TR) (300%). It was launched on Jan 22, 2018. Both FNGG and FNGU 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 FNGU.
Correlation
The correlation between FNGG and FNGU is 0.20, 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. FNGU - Performance Comparison
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Key characteristics
FNGG:
40.65%
FNGU:
11.40%
FNGG:
-3.08%
FNGU:
-1.15%
FNGG:
-3.08%
FNGU:
-0.53%
Returns By Period
FNGG
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FNGU
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FNGG vs. FNGU - Expense Ratio Comparison
FNGG has a 0.98% expense ratio, which is higher than FNGU's 0.95% expense ratio.
Risk-Adjusted Performance
FNGG vs. FNGU — Risk-Adjusted Performance Rank
FNGG
FNGU
FNGG vs. FNGU - 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 3X Leveraged ETN (FNGU). 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.
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Dividends
FNGG vs. FNGU - Dividend Comparison
Neither FNGG nor FNGU has paid dividends to shareholders.
Drawdowns
FNGG vs. FNGU - Drawdown Comparison
The maximum FNGG drawdown since its inception was -3.08%, which is greater than FNGU's maximum drawdown of -1.15%. Use the drawdown chart below to compare losses from any high point for FNGG and FNGU. For additional features, visit the drawdowns tool.
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Volatility
FNGG vs. FNGU - Volatility Comparison
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