FNGO vs. COST

Last updated Aug 1, 2026

FNGO (MicroSectors FANG+ Index 2X Leveraged ETN) is Leveraged Equities fund tracking the NYSE FANG+ Index (+200%), while COST (Costco Wholesale Corporation) is a stock. Over the past 5 years, FNGO returned 23.80%/yr vs 18.51%/yr for COST. Their 0.38 correlation means their historical movements had little consistent relationship.

Performance

FNGO vs. COST - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in MicroSectors FANG+ Index 2X Leveraged ETN (FNGO) and Costco Wholesale Corporation (COST). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, FNGO achieves a 12.30% return, which is significantly higher than COST's 10.87% return.

FNGO

• 1D: 3.64%
• 1M: 1.06%
• 6M: 20.30%
• YTD: 12.30%
• 1Y: 16.07%
• 3Y*: 47.42%
• 5Y*: 23.80%
• 10Y*: —
• ALL TIME*: 37.68%

COST

• 1D: -0.24%
• 1M: 3.11%
• 6M: 1.55%
• YTD: 10.87%
• 1Y: 2.04%
• 3Y*: 21.34%
• 5Y*: 18.51%
• 10Y*: 21.10%
• ALL TIME*: 16.98%

*Multi-year figures are annualized to reflect compound growth (CAGR)

Liquidity Comparison

Position	Avg. Volume Value (2W)	Avg. Volume Value (1M)	Avg. Volume Value (3M)
COST Costco Wholesale Corporation	$1.83B	$2.11B	$2.34B
FNGO MicroSectors FANG+ Index 2X Leveraged ETN	$408.43K	$444.96K	$770.86K

FNGO vs. COST - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019	2018
FNGO MicroSectors FANG+ Index 2X Leveraged ETN	12.30%	25.49%	101.65%	240.10%	-71.55%	28.38%	238.00%	79.61%	-39.85%
COST Costco Wholesale Corporation	10.87%	-5.39%	39.62%	49.00%	-19.05%	51.82%	32.67%	45.70%	-5.72%

Correlation

The correlation between FNGO and COST is -0.23, meaning they have often moved in opposite directions in the past. This relationship can weaken or reverse as market conditions change.

	Correlation
Correlation (1Y) Focuses on recent behavior, but can change the most.	-0.23
Correlation (3Y) Balances recent behavior with more history.	0.22
Correlation (5Y) Shows whether the relationship held over a longer period.	0.36
Correlation (All Time) Calculated using the full available price history since Aug 2, 2018	0.38

The correlation between FNGO and COST shifts across timeframes, from -0.23 (1 year) to 0.38 (all time), reflecting how their relationship changes across market environments.

Return for Risk

FNGO vs. COST — Risk / Return Rank

Compare historical risk-adjusted metric ranks over the past 12 months.

FNGO

FNGO Risk / Return Rank: 19
FNGO Sharpe Ratio Rank: 19
FNGO Sortino Ratio Rank: 22
FNGO Omega Ratio Rank: 21
FNGO Calmar Ratio Rank: 17
FNGO Martin Ratio Rank: 17

COST

COST Risk / Return Rank: 45
COST Sharpe Ratio Rank: 49
COST Sortino Ratio Rank: 40
COST Omega Ratio Rank: 40
COST Calmar Ratio Rank: 48
COST Martin Ratio Rank: 49

The rank (0–100) uses a weighted average of the Sharpe, Sortino, Omega, Calmar, and Martin percentile ranks for the trailing 12 months. Higher means stronger historical risk-adjusted performance within the peer group.

FNGO vs. COST - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for MicroSectors FANG+ Index 2X Leveraged ETN (FNGO) and Costco Wholesale Corporation (COST). 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.

	FNGO	COST	Difference
Sharpe ratio: Return per unit of total volatility	0.36	0.10	+0.26
Sortino ratio: Return per unit of downside risk	0.80	0.28	+0.52
Omega ratio: Gain probability vs. loss probability	1.09	1.03	+0.06
Calmar ratio: Return relative to maximum drawdown	0.38	0.12	+0.25
Martin ratio: Return relative to average drawdown	0.92	0.26	+0.66

FNGO vs. COST - Sharpe Ratio Comparison

The current FNGO Sharpe Ratio is 0.36, which is higher than the COST Sharpe Ratio of 0.10. The chart below compares the historical Sharpe Ratios of FNGO and COST, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

Drawdowns

FNGO vs. COST - Drawdown Comparison

The maximum FNGO drawdown since its inception was -78.39%, which is greater than COST's maximum drawdown of -53.39%. Use the drawdown chart below to compare losses from any high point for FNGO and COST.

Drawdown Indicators

	FNGO	COST	Difference
Max Drawdown Largest peak-to-trough decline	-78.39%	-53.39%	-25.00%
Max Drawdown (1Y) Largest decline over 1 year	-42.73%	-16.57%	-26.16%
Max Drawdown (3Y) Largest decline over 3 years	-47.64%	-20.74%	-26.90%
Max Drawdown (5Y) Largest decline over 5 years	-78.39%	-31.40%	-46.99%
Max Drawdown (10Y) Largest decline over 10 years	—	-31.40%	—
Current Drawdown Current decline from peak	-15.91%	-12.88%	-3.03%
Average Drawdown Average peak-to-trough decline	-23.75%	-13.36%	-10.39%
Ulcer Index Depth and duration of drawdowns from previous peaks	17.55%	7.81%	+9.74%

Volatility

FNGO vs. COST - Volatility Comparison

MicroSectors FANG+ Index 2X Leveraged ETN (FNGO) has a higher volatility of 12.24% compared to Costco Wholesale Corporation (COST) at 7.34%. This indicates that FNGO's price experiences larger fluctuations and is considered to be riskier than COST based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	FNGO	COST	Difference
Volatility (1M) Calculated over the trailing 1-month period	12.24%	7.34%	+4.90%
Volatility (6M) Calculated over the trailing 6-month period	36.19%	15.13%	+21.06%
Volatility (1Y) Calculated over the trailing 1-year period	44.77%	19.96%	+24.81%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	60.86%	22.93%	+37.93%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	61.47%	22.03%	+39.44%

Dividends

FNGO vs. COST - Dividend Comparison

FNGO has not paid dividends to shareholders, while COST's dividend yield for the trailing twelve months is around 0.72%.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
COST Costco Wholesale Corporation	0.72%	0.59%	0.49%	2.87%	0.76%	0.54%	3.38%	0.86%	1.08%	4.81%	1.09%	4.06%
FNGO MicroSectors FANG+ Index 2X Leveraged ETN	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%

Frequently Asked Questions

Can I hold both FNGO and COST in my portfolio?

FNGO and COST have a correlation of -0.23, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, FNGO or COST?

FNGO has higher volatility (12.24%) compared to COST (7.34%). In terms of maximum drawdown, FNGO dropped -78.39% vs COST's -53.39%.

Which has better risk-adjusted returns?

FNGO currently has the higher Sharpe Ratio (0.36 vs 0.10), 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.