FNGLX vs. FNGU
Compare and contrast key facts about Fidelity Advisor Freedom 2060 Fund Class Z6 (FNGLX) and MicroSectors FANG+™ Index 3X Leveraged ETN (FNGU).
FNGLX is managed by Fidelity. It was launched on Jun 6, 2017. 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.
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: FNGLX or FNGU.
Correlation
The correlation between FNGLX and FNGU is 0.74, which is considered to be high. That indicates a strong positive relationship between their price movements. Having highly-correlated positions in a portfolio may signal a lack of diversification, potentially leading to increased risk during market downturns.
Performance
FNGLX vs. FNGU - Performance Comparison
Key characteristics
FNGLX:
1.32
FNGU:
1.31
FNGLX:
1.86
FNGU:
1.84
FNGLX:
1.24
FNGU:
1.24
FNGLX:
1.30
FNGU:
2.07
FNGLX:
7.30
FNGU:
5.47
FNGLX:
2.10%
FNGU:
17.83%
FNGLX:
11.70%
FNGU:
74.40%
FNGLX:
-34.17%
FNGU:
-92.34%
FNGLX:
-1.77%
FNGU:
-14.85%
Returns By Period
In the year-to-date period, FNGLX achieves a 4.57% return, which is significantly higher than FNGU's 1.41% return.
FNGLX
4.57%
0.56%
3.67%
13.66%
5.30%
N/A
FNGU
1.41%
-10.92%
46.31%
75.35%
41.83%
N/A
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FNGLX vs. FNGU - Expense Ratio Comparison
FNGLX has a 0.50% expense ratio, which is lower than FNGU's 0.95% expense ratio.
Risk-Adjusted Performance
FNGLX vs. FNGU — Risk-Adjusted Performance Rank
FNGLX
FNGU
FNGLX vs. FNGU - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for Fidelity Advisor Freedom 2060 Fund Class Z6 (FNGLX) 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.
Dividends
FNGLX vs. FNGU - Dividend Comparison
FNGLX's dividend yield for the trailing twelve months is around 1.53%, while FNGU has not paid dividends to shareholders.
| TTM | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|
FNGLX Fidelity Advisor Freedom 2060 Fund Class Z6 | 1.53% | 1.60% | 1.47% | 2.30% | 2.32% | 1.14% | 1.55% | 2.17% | 1.30% |
FNGU MicroSectors FANG+™ Index 3X Leveraged ETN | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
Drawdowns
FNGLX vs. FNGU - Drawdown Comparison
The maximum FNGLX drawdown since its inception was -34.17%, smaller than the maximum FNGU drawdown of -92.34%. Use the drawdown chart below to compare losses from any high point for FNGLX and FNGU. For additional features, visit the drawdowns tool.
Volatility
FNGLX vs. FNGU - Volatility Comparison
The current volatility for Fidelity Advisor Freedom 2060 Fund Class Z6 (FNGLX) is 3.23%, while MicroSectors FANG+™ Index 3X Leveraged ETN (FNGU) has a volatility of 21.46%. This indicates that FNGLX experiences smaller price fluctuations and is considered to be less risky than FNGU based on this measure. The chart below showcases a comparison of their rolling one-month volatility.