FNGO vs. FNGG
Compare and contrast key facts about MicroSectors FANG+ Index 2X Leveraged ETN (FNGO) and Direxion Daily NYSE FANG+ Bull 2X Shares (FNGG).
FNGO and FNGG are both exchange-traded funds (ETFs), meaning they are traded on stock exchanges and can be bought and sold throughout the day. 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. 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. Both FNGO and FNGG 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: FNGO or FNGG.
Performance
FNGO vs. FNGG - Performance Comparison
Returns By Period
The year-to-date returns for both investments are quite close, with FNGO having a 81.10% return and FNGG slightly higher at 81.58%.
FNGO
81.10%
9.32%
29.55%
97.58%
55.55%
N/A
FNGG
81.58%
9.26%
29.85%
97.78%
N/A
N/A
Key characteristics
| FNGO | FNGG | |
|---|---|---|
| Sharpe Ratio | 2.14 | 2.17 |
| Sortino Ratio | 2.51 | 2.55 |
| Omega Ratio | 1.34 | 1.34 |
| Calmar Ratio | 3.05 | 1.39 |
| Martin Ratio | 9.01 | 9.11 |
| Ulcer Index | 11.37% | 11.40% |
| Daily Std Dev | 47.88% | 47.80% |
| Max Drawdown | -78.39% | -91.33% |
| Current Drawdown | -2.50% | -46.88% |
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FNGO vs. FNGG - Expense Ratio Comparison
FNGO has a 0.95% expense ratio, which is lower than FNGG's 0.98% expense ratio.
Correlation
The correlation between FNGO and FNGG is 0.94, 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.
Risk-Adjusted Performance
FNGO vs. FNGG - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for MicroSectors FANG+ Index 2X Leveraged ETN (FNGO) and Direxion Daily NYSE FANG+ Bull 2X Shares (FNGG). 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
FNGO vs. FNGG - Dividend Comparison
FNGO has not paid dividends to shareholders, while FNGG's dividend yield for the trailing twelve months is around 0.93%.
| TTM | 2023 | 2022 | 2021 | |
|---|---|---|---|---|
FNGO MicroSectors FANG+ Index 2X Leveraged ETN | 0.00% | 0.00% | 0.00% | 0.00% |
FNGG Direxion Daily NYSE FANG+ Bull 2X Shares | 0.93% | 0.88% | 0.00% | 4.99% |
Drawdowns
FNGO vs. FNGG - Drawdown Comparison
The maximum FNGO drawdown since its inception was -78.39%, smaller than the maximum FNGG drawdown of -91.33%. Use the drawdown chart below to compare losses from any high point for FNGO and FNGG. For additional features, visit the drawdowns tool.
Volatility
FNGO vs. FNGG - Volatility Comparison
MicroSectors FANG+ Index 2X Leveraged ETN (FNGO) and Direxion Daily NYSE FANG+ Bull 2X Shares (FNGG) have volatilities of 13.57% and 14.05%, respectively, indicating that both stocks experience similar levels of price fluctuations. This suggests that the risk associated with both stocks, as measured by volatility, is nearly the same. The chart below showcases a comparison of their rolling one-month volatility.