FNGO vs. JPM
FNGO (MicroSectors FANG+ Index 2X Leveraged ETN) is Leveraged Equities fund tracking the NYSE FANG+ Index (+200%), while JPM (JPMorgan Chase & Co.) is a stock. Over the past 5 years, FNGO returned 25.62%/yr vs 17.82%/yr for JPM. At a 0.34 correlation, their price movements are largely independent.
Performance
FNGO vs. JPM - Performance Comparison
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Returns By Period
In the year-to-date period, FNGO achieves a 8.91% return, which is significantly higher than JPM's 0.50% return.
FNGO
- 1D
- -1.60%
- 1M
- -7.03%
- YTD
- 8.91%
- 6M
- 3.86%
- 1Y
- 26.54%
- 3Y*
- 49.78%
- 5Y*
- 25.62%
- 10Y*
- —
JPM
- 1D
- 2.31%
- 1M
- 6.82%
- YTD
- 0.50%
- 6M
- 1.66%
- 1Y
- 21.89%
- 3Y*
- 34.22%
- 5Y*
- 17.82%
- 10Y*
- 21.02%
FNGO vs. JPM - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | |
|---|---|---|---|---|---|---|---|---|---|
FNGO MicroSectors FANG+ Index 2X Leveraged ETN | 8.91% | 25.49% | 101.65% | 240.10% | -71.55% | 28.38% | 238.00% | 79.61% | -39.85% |
JPM JPMorgan Chase & Co. | 0.50% | 37.27% | 44.29% | 30.63% | -12.64% | 27.75% | -5.53% | 47.26% | -15.01% |
Correlation
The correlation between FNGO and JPM is 0.25, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.25 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.27 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.36 |
Correlation (All Time) Calculated using the full available price history since Aug 2, 2018 | 0.34 |
The correlation between FNGO and JPM shifts across timeframes, from 0.25 (1 year) to 0.36 (5 years), reflecting how their relationship changes across market environments.
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Return for Risk
FNGO vs. JPM — Risk / Return Rank
FNGO
JPM
FNGO vs. JPM - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for MicroSectors FANG+ Index 2X Leveraged ETN (FNGO) and JPMorgan Chase & Co. (JPM). 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 | JPM | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.37 | ||
| Sortino ratioReturn per unit of downside risk | -0.33 | ||
| Omega ratioGain probability vs. loss probability | 1.13 | 1.18 | -0.05 |
| Calmar ratioReturn relative to maximum drawdown | 0.62 | 1.42 | -0.80 |
| Martin ratioReturn relative to average drawdown | 1.62 | 3.36 | -1.74 |
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Drawdowns
FNGO vs. JPM - Drawdown Comparison
The maximum FNGO drawdown since its inception was -78.39%, roughly equal to the maximum JPM drawdown of -76.16%. Use the drawdown chart below to compare losses from any high point for FNGO and JPM.
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Drawdown Indicators
| FNGO | JPM | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -78.39% | -76.16% | -2.23% |
Max Drawdown (1Y)Largest decline over 1 year | -42.73% | -15.47% | -27.26% |
Max Drawdown (3Y)Largest decline over 3 years | -47.64% | -24.42% | -23.22% |
Max Drawdown (5Y)Largest decline over 5 years | -78.39% | -38.77% | -39.62% |
Max Drawdown (10Y)Largest decline over 10 years | — | -43.63% | — |
Current DrawdownCurrent decline from peak | -18.46% | -3.66% | -14.80% |
Average DrawdownAverage peak-to-trough decline | -23.87% | -17.62% | -6.25% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 16.45% | 6.54% | +9.91% |
Volatility
FNGO vs. JPM - Volatility Comparison
MicroSectors FANG+ Index 2X Leveraged ETN (FNGO) has a higher volatility of 17.58% compared to JPMorgan Chase & Co. (JPM) at 6.35%. This indicates that FNGO's price experiences larger fluctuations and is considered to be riskier than JPM based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| FNGO | JPM | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 17.58% | 6.35% | +11.23% |
Volatility (6M)Calculated over the trailing 6-month period | 33.63% | 16.67% | +16.96% |
Volatility (1Y)Calculated over the trailing 1-year period | 41.88% | 21.76% | +20.12% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 60.50% | 24.46% | +36.04% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 61.61% | 27.39% | +34.22% |
Dividends
FNGO vs. JPM - Dividend Comparison
FNGO has not paid dividends to shareholders, while JPM's dividend yield for the trailing twelve months is around 1.84%.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
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% |
JPM JPMorgan Chase & Co. | 1.84% | 1.72% | 1.92% | 2.38% | 2.98% | 2.34% | 2.83% | 2.37% | 2.54% | 1.91% | 2.13% | 2.54% |
Frequently Asked Questions
FNGO and JPM have a correlation of 0.25, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
FNGO has higher volatility (17.58%) compared to JPM (6.35%). In terms of maximum drawdown, FNGO dropped -78.39% vs JPM's -76.16%.
JPM currently has the higher Sharpe Ratio (1.01 vs 0.64), 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.
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