FNGO vs. SPY
Compare and contrast key facts about MicroSectors FANG+ Index 2X Leveraged ETN (FNGO) and SPDR S&P 500 ETF (SPY).
FNGO and SPY 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. SPY is a passively managed fund by State Street that tracks the performance of the S&P 500 Index. It was launched on Jan 22, 1993. Both FNGO and SPY 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 SPY.
Key characteristics
| FNGO | SPY | |
|---|---|---|
| YTD Return | 30.09% | 9.93% |
| 1Y Return | 126.77% | 28.39% |
| 3Y Return (Ann) | 18.54% | 9.37% |
| 5Y Return (Ann) | 48.94% | 14.68% |
| Sharpe Ratio | 2.59 | 2.46 |
| Daily Std Dev | 47.15% | 11.52% |
| Max Drawdown | -78.39% | -55.19% |
| Current Drawdown | -2.99% | -0.43% |
Correlation
The correlation between FNGO and SPY is 0.76, 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.
Performance
FNGO vs. SPY - Performance Comparison
In the year-to-date period, FNGO achieves a 30.09% return, which is significantly higher than SPY's 9.93% return. The chart below displays the growth of a $10,000 investment in both assets, with all prices adjusted for splits and dividends.
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FNGO vs. SPY - Expense Ratio Comparison
FNGO has a 0.95% expense ratio, which is higher than SPY's 0.09% expense ratio.
Risk-Adjusted Performance
FNGO vs. SPY - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for MicroSectors FANG+ Index 2X Leveraged ETN (FNGO) and SPDR S&P 500 ETF (SPY). 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. SPY - Dividend Comparison
FNGO has not paid dividends to shareholders, while SPY's dividend yield for the trailing twelve months is around 1.29%.
| TTM | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
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% |
SPY SPDR S&P 500 ETF | 1.29% | 1.40% | 1.65% | 1.20% | 1.52% | 1.75% | 2.04% | 1.80% | 2.03% | 2.06% | 1.87% | 1.81% |
Drawdowns
FNGO vs. SPY - Drawdown Comparison
The maximum FNGO drawdown since its inception was -78.39%, which is greater than SPY's maximum drawdown of -55.19%. Use the drawdown chart below to compare losses from any high point for FNGO and SPY. For additional features, visit the drawdowns tool.
Volatility
FNGO vs. SPY - Volatility Comparison
MicroSectors FANG+ Index 2X Leveraged ETN (FNGO) has a higher volatility of 15.67% compared to SPDR S&P 500 ETF (SPY) at 3.62%. This indicates that FNGO's price experiences larger fluctuations and is considered to be riskier than SPY based on this measure. The chart below showcases a comparison of their rolling one-month volatility.