FNGO vs. SIVR

Last updated Jun 13, 2026

FNGO (MicroSectors FANG+ Index 2X Leveraged ETN) and SIVR (abrdn Physical Silver Shares ETF) are both exchange-traded funds - FNGO is a Leveraged Equities fund tracking the NYSE FANG+ Index (+200%), while SIVR is a Silver fund tracking the LBMA Silver Price ($/ozt). Both are passively managed. Over the past 5 years, FNGO returned 25.62%/yr vs 19.07%/yr for SIVR. At a 0.19 correlation, their price movements are largely independent. FNGO charges 0.95%/yr vs 0.30%/yr for SIVR.

Performance

FNGO vs. SIVR - Performance Comparison

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

Returns By Period

In the year-to-date period, FNGO achieves a 8.91% return, which is significantly higher than SIVR's -4.75% return.

FNGO

• 1D: -1.60%
• 1M: -7.03%
• YTD: 8.91%
• 6M: 3.86%
• 1Y: 26.54%
• 3Y*: 49.78%
• 5Y*: 25.62%
• 10Y*: —

SIVR

• 1D: 0.78%
• 1M: -22.74%
• YTD: -4.75%
• 6M: 9.46%
• 1Y: 85.68%
• 3Y*: 41.59%
• 5Y*: 19.07%
• 10Y*: 14.22%

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

FNGO vs. SIVR - 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%
SIVR abrdn Physical Silver Shares ETF	-4.75%	145.34%	21.08%	-0.91%	2.59%	-12.33%	47.52%	15.17%	0.33%

Correlation

The correlation between FNGO and SIVR is 0.22, which is low. Their price movements are largely independent, making them effective diversification partners.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	0.22
Correlation (3Y) Calculated over the trailing 3-year period	0.21
Correlation (5Y) Calculated over the trailing 5-year period	0.20
Correlation (All Time) Calculated using the full available price history since Aug 2, 2018	0.19

Return for Risk

FNGO vs. SIVR — Risk / Return Rank

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

FNGO

FNGO Risk / Return Rank: 20
FNGO Sharpe Ratio Rank: 21
FNGO Sortino Ratio Rank: 22
FNGO Omega Ratio Rank: 22
FNGO Calmar Ratio Rank: 18
FNGO Martin Ratio Rank: 18

SIVR

SIVR Risk / Return Rank: 43
SIVR Sharpe Ratio Rank: 47
SIVR Sortino Ratio Rank: 38
SIVR Omega Ratio Rank: 54
SIVR Calmar Ratio Rank: 43
SIVR Martin Ratio Rank: 32

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. SIVR - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for MicroSectors FANG+ Index 2X Leveraged ETN (FNGO) and abrdn Physical Silver Shares ETF (SIVR). 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	SIVR	Difference
Sharpe ratio: Return per unit of total volatility	0.64	1.44	-0.80
Sortino ratio: Return per unit of downside risk	1.10	1.76	-0.66
Omega ratio: Gain probability vs. loss probability	1.13	1.29	-0.16
Calmar ratio: Return relative to maximum drawdown	0.62	1.90	-1.28
Martin ratio: Return relative to average drawdown	1.62	4.12	-2.50

FNGO vs. SIVR - Sharpe Ratio Comparison

The current FNGO Sharpe Ratio is 0.64, which is lower than the SIVR Sharpe Ratio of 1.44. The chart below compares the historical Sharpe Ratios of FNGO and SIVR, 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. SIVR - Drawdown Comparison

The maximum FNGO drawdown since its inception was -78.39%, roughly equal to the maximum SIVR drawdown of -75.85%. Use the drawdown chart below to compare losses from any high point for FNGO and SIVR.

Drawdown Indicators

	FNGO	SIVR	Difference
Max Drawdown Largest peak-to-trough decline	-78.39%	-75.85%	-2.54%
Max Drawdown (1Y) Largest decline over 1 year	-42.73%	-45.33%	+2.60%
Max Drawdown (3Y) Largest decline over 3 years	-47.64%	-45.33%	-2.31%
Max Drawdown (5Y) Largest decline over 5 years	-78.39%	-45.33%	-33.06%
Max Drawdown (10Y) Largest decline over 10 years	—	-45.33%	—
Current Drawdown Current decline from peak	-18.46%	-41.89%	+23.43%
Average Drawdown Average peak-to-trough decline	-23.87%	-47.83%	+23.96%
Ulcer Index Depth and duration of drawdowns from previous peaks	16.45%	20.85%	-4.40%

Volatility

FNGO vs. SIVR - Volatility Comparison

MicroSectors FANG+ Index 2X Leveraged ETN (FNGO) has a higher volatility of 17.58% compared to abrdn Physical Silver Shares ETF (SIVR) at 16.37%. This indicates that FNGO's price experiences larger fluctuations and is considered to be riskier than SIVR based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	FNGO	SIVR	Difference
Volatility (1M) Calculated over the trailing 1-month period	17.58%	16.37%	+1.21%
Volatility (6M) Calculated over the trailing 6-month period	33.63%	59.11%	-25.48%
Volatility (1Y) Calculated over the trailing 1-year period	41.88%	59.76%	-17.88%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	60.50%	36.48%	+24.02%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	61.61%	32.03%	+29.58%

FNGO vs. SIVR - Expense Ratio Comparison

FNGO has a 0.95% expense ratio, which is higher than SIVR's 0.30% expense ratio.

Dividends

FNGO vs. SIVR - Dividend Comparison

Neither FNGO nor SIVR has paid dividends to shareholders.

Tickers have no history of dividend payments

Frequently Asked Questions

Can I hold both FNGO and SIVR in my portfolio?

FNGO and SIVR have a correlation of 0.22, 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 SIVR?

FNGO has higher volatility (17.58%) compared to SIVR (16.37%). In terms of maximum drawdown, FNGO dropped -78.39% vs SIVR's -75.85%.

Which ETF is better, FNGO or SIVR?

On 5-year performance, FNGO leads with 25.62% vs 19.07% for SIVR. On fees, SIVR is cheaper at 0.30% per year. On volatility, SIVR has been the lower-risk option at 16.37%. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF has performed better, FNGO or SIVR?

Over the 5-year period, FNGO has performed better with a 25.62% return vs 19.07%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.

Which ETF is cheaper, FNGO or SIVR?

SIVR is cheaper with a 0.30% expense ratio, compared with 0.95% for FNGO.

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

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

What is the main difference between FNGO and SIVR?

FNGO is categorized as Leveraged Equities, while SIVR is Silver. FNGO tracks NYSE FANG+ Index (+200%), while SIVR tracks LBMA Silver Price ($/ozt). They also come from different issuers: Bank of Montreal and abrdn. Their fees differ too: 0.95% for FNGO and 0.30% for SIVR.

Which has better risk-adjusted returns?

SIVR currently has the higher Sharpe Ratio (1.44 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.