FNGO vs. FUTG

Last updated Jun 4, 2026

FNGO (MicroSectors FANG+ Index 2X Leveraged ETN) and FUTG (Leverage Shares 2X Long FUTU Daily ETF) are both Leveraged Equities funds. FNGO is passively managed, while FUTG is actively managed. A 0.57 correlation means they provide meaningful diversification when combined. FNGO charges 0.95%/yr vs 0.75%/yr for FUTG.

Performance

FNGO vs. FUTG - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in MicroSectors FANG+ Index 2X Leveraged ETN (FNGO) and Leverage Shares 2X Long FUTU Daily ETF (FUTG). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, FNGO achieves a 29.63% return, which is significantly higher than FUTG's -75.53% return.

FNGO

• 1D: -2.35%
• 1M: 23.13%
• YTD: 29.63%
• 6M: 17.47%
• 1Y: 54.81%
• 3Y*: 62.64%
• 5Y*: 30.44%
• 10Y*: —

FUTG

• 1D: -11.10%
• 1M: -70.24%
• YTD: -75.53%
• 6M: -77.00%
• 1Y: —
• 3Y*: —
• 5Y*: —
• 10Y*: —

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

FNGO vs. FUTG - Yearly Performance Comparison

	2026 (YTD)	2025
FNGO MicroSectors FANG+ Index 2X Leveraged ETN	29.63%	-5.01%
FUTG Leverage Shares 2X Long FUTU Daily ETF	-75.53%	-0.80%

Correlation

The correlation between FNGO and FUTG is 0.57, which is moderate. They share some common price drivers but move independently often enough to provide real diversification benefit when combined.

	Correlation
Correlation (All Time) Calculated using the full available price history since Oct 15, 2025	0.57

Return for Risk

FNGO vs. FUTG — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.

FNGO

FNGO Risk / Return Rank: 32
FNGO Sharpe Ratio Rank: 38
FNGO Sortino Ratio Rank: 36
FNGO Omega Ratio Rank: 35
FNGO Calmar Ratio Rank: 26
FNGO Martin Ratio Rank: 25

The rank (0–100) shows how this investment's returns compare to the risk taken. Higher = better. Based on the past 12 months of data, combining Sharpe, Sortino, and other metrics used by quantitative funds and institutional investors.

FNGO vs. FUTG - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for MicroSectors FANG+ Index 2X Leveraged ETN (FNGO) and Leverage Shares 2X Long FUTU Daily ETF (FUTG). 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.

	FNGO	FUTG	Difference
Sharpe ratio: Return per unit of total volatility	1.39	—	—
Sortino ratio: Return per unit of downside risk	1.94	—	—
Omega ratio: Gain probability vs. loss probability	1.24	—	—
Calmar ratio: Return relative to maximum drawdown	1.29	—	—
Martin ratio: Return relative to average drawdown	3.39	—	—
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

Sharpe Ratios by Period

	FNGO	FUTG	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	1.39	—	—
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	0.51	—	—
Sharpe Ratio (All Time) Calculated using the full available price history	0.67	-0.66	+1.33

Drawdowns

FNGO vs. FUTG - Drawdown Comparison

The maximum FNGO drawdown since its inception was -78.39%, smaller than the maximum FUTG drawdown of -86.19%. Use the drawdown chart below to compare losses from any high point for FNGO and FUTG.

Drawdown Indicators

	FNGO	FUTG	Difference
Max Drawdown Largest peak-to-trough decline	-78.39%	-86.19%	+7.80%
Max Drawdown (1Y) Largest decline over 1 year	-42.73%	—	—
Max Drawdown (3Y) Largest decline over 3 years	-47.64%	—	—
Max Drawdown (5Y) Largest decline over 5 years	-78.39%	—	—
Current Drawdown Current decline from peak	-2.94%	-84.29%	+81.35%
Average Drawdown Average peak-to-trough decline	-23.91%	-40.35%	+16.44%
Ulcer Index Depth and duration of drawdowns from previous peaks	16.21%	—	—

Volatility

Volatility by Period

	FNGO	FUTG	Difference
Volatility (1M) Calculated over the trailing 1-month period	11.29%	—	—
Volatility (6M) Calculated over the trailing 6-month period	30.58%	—	—
Volatility (1Y) Calculated over the trailing 1-year period	39.56%	136.01%	-96.45%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	60.24%	136.01%	-75.77%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	61.54%	136.01%	-74.47%

FNGO vs. FUTG - Expense Ratio Comparison

FNGO has a 0.95% expense ratio, which is higher than FUTG's 0.75% expense ratio.

Dividends

FNGO vs. FUTG - Dividend Comparison

Neither FNGO nor FUTG has paid dividends to shareholders.

Tickers have no history of dividend payments

Frequently Asked Questions

Can I hold both FNGO and FUTG in my portfolio?

FNGO and FUTG have a correlation of 0.57, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which ETF is better, FNGO or FUTG?

On fees, FUTG is cheaper at 0.75% per year. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF is cheaper, FNGO or FUTG?

FUTG is cheaper with a 0.75% expense ratio, compared with 0.95% for FNGO.

Which ETF pays a higher dividend yield, FNGO or FUTG?

FNGO and FUTG have nearly identical dividend yields, around 0.00%.

What is the main difference between FNGO and FUTG?

They also come from different issuers: Bank of Montreal and Leverage Shares. Their fees differ too: 0.95% for FNGO and 0.75% for FUTG.