FNGO vs. SOXL.L
Compare and contrast key facts about MicroSectors FANG+ Index 2X Leveraged ETN (FNGO) and Leverage Shares 4x Long Semiconductors ETP Securities (SOXL.L).
FNGO and SOXL.L 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. SOXL.L is a passively managed fund by Leverage Shares that tracks the performance of the NYSE Semiconductor Index. It was launched on Mar 25, 2024. Both FNGO and SOXL.L are passive ETFs, meaning that they are not actively managed but aim to replicate the performance of the underlying index as closely as possible.
Performance
FNGO vs. SOXL.L - Performance Comparison
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FNGO vs. SOXL.L - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | |
|---|---|---|---|
FNGO MicroSectors FANG+ Index 2X Leveraged ETN | -22.92% | 25.49% | 56.44% |
SOXL.L Leverage Shares 4x Long Semiconductors ETP Securities | 18.21% | 11.41% | -59.99% |
Returns By Period
In the year-to-date period, FNGO achieves a -22.92% return, which is significantly lower than SOXL.L's 18.21% return.
FNGO
- 1D
- 2.95%
- 1M
- -8.44%
- YTD
- -22.92%
- 6M
- -28.65%
- 1Y
- 28.52%
- 3Y*
- 52.54%
- 5Y*
- 18.17%
- 10Y*
- —
SOXL.L
- 1D
- 27.69%
- 1M
- -19.65%
- YTD
- 18.21%
- 6M
- 40.09%
- 1Y
- 222.64%
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
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FNGO vs. SOXL.L - Expense Ratio Comparison
FNGO has a 0.95% expense ratio, which is higher than SOXL.L's 0.75% expense ratio.
Return for Risk
FNGO vs. SOXL.L — Risk / Return Rank
FNGO
SOXL.L
FNGO vs. SOXL.L - 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 4x Long Semiconductors ETP Securities (SOXL.L). 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 | SOXL.L | Difference | |
|---|---|---|---|
Sharpe ratioReturn per unit of total volatility | 0.53 | 1.62 | -1.09 |
Sortino ratioReturn per unit of downside risk | 1.16 | 2.33 | -1.18 |
Omega ratioGain probability vs. loss probability | 1.15 | 1.30 | -0.14 |
Calmar ratioReturn relative to maximum drawdown | 0.74 | 4.14 | -3.40 |
Martin ratioReturn relative to average drawdown | 2.08 | 11.56 | -9.47 |
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month. | |||
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Sharpe Ratios by Period
| FNGO | SOXL.L | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 0.53 | 1.62 | -1.09 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.30 | — | — |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.53 | -0.21 | +0.74 |
Correlation
The correlation between FNGO and SOXL.L is 0.48, which is considered to be moderate. This suggests that the two assets have some degree of positive relationship in their price movements. Moderate correlation can be acceptable for portfolio diversification, offering a balance between risk and potential returns.
Dividends
FNGO vs. SOXL.L - Dividend Comparison
Neither FNGO nor SOXL.L has paid dividends to shareholders.
Drawdowns
FNGO vs. SOXL.L - Drawdown Comparison
The maximum FNGO drawdown since its inception was -78.39%, smaller than the maximum SOXL.L drawdown of -95.66%. Use the drawdown chart below to compare losses from any high point for FNGO and SOXL.L.
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Drawdown Indicators
| FNGO | SOXL.L | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -78.39% | -95.66% | +17.27% |
Max Drawdown (1Y)Largest decline over 1 year | -42.73% | -59.55% | +16.82% |
Max Drawdown (5Y)Largest decline over 5 years | -78.39% | — | — |
Current DrawdownCurrent decline from peak | -35.78% | -66.20% | +30.42% |
Average DrawdownAverage peak-to-trough decline | -24.17% | -64.19% | +40.02% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 15.17% | 18.63% | -3.46% |
Volatility
FNGO vs. SOXL.L - Volatility Comparison
The current volatility for MicroSectors FANG+ Index 2X Leveraged ETN (FNGO) is 16.20%, while Leverage Shares 4x Long Semiconductors ETP Securities (SOXL.L) has a volatility of 45.32%. This indicates that FNGO experiences smaller price fluctuations and is considered to be less risky than SOXL.L based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| FNGO | SOXL.L | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 16.20% | 45.32% | -29.12% |
Volatility (6M)Calculated over the trailing 6-month period | 30.54% | 97.24% | -66.70% |
Volatility (1Y)Calculated over the trailing 1-year period | 54.60% | 136.74% | -82.14% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 60.29% | 131.73% | -71.44% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 61.90% | 131.73% | -69.83% |