FNGO vs. UCYB
Compare and contrast key facts about MicroSectors FANG+ Index 2X Leveraged ETN (FNGO) and ProShares Ultra Nasdaq Cybersecurity (UCYB).
FNGO and UCYB 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. UCYB is a passively managed fund by ProShares that tracks the performance of the Nasdaq CTA Cybersecurity Index (200%). It was launched on Jan 19, 2021. Both FNGO and UCYB 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. UCYB - Performance Comparison
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FNGO vs. UCYB - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | |
|---|---|---|---|---|---|---|
FNGO MicroSectors FANG+ Index 2X Leveraged ETN | -22.92% | 25.49% | 101.65% | 240.10% | -71.55% | 14.03% |
UCYB ProShares Ultra Nasdaq Cybersecurity | -24.17% | 9.41% | 28.84% | 68.85% | -55.15% | 29.50% |
Returns By Period
In the year-to-date period, FNGO achieves a -22.92% return, which is significantly higher than UCYB's -24.17% return.
FNGO
- 1D
- 2.95%
- 1M
- -8.44%
- YTD
- -22.92%
- 6M
- -28.65%
- 1Y
- 28.52%
- 3Y*
- 52.54%
- 5Y*
- 18.17%
- 10Y*
- —
UCYB
- 1D
- 1.61%
- 1M
- -1.50%
- YTD
- -24.17%
- 6M
- -35.38%
- 1Y
- -12.71%
- 3Y*
- 15.46%
- 5Y*
- 4.39%
- 10Y*
- —
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FNGO vs. UCYB - Expense Ratio Comparison
FNGO has a 0.95% expense ratio, which is lower than UCYB's 0.97% expense ratio.
Return for Risk
FNGO vs. UCYB — Risk / Return Rank
FNGO
UCYB
FNGO vs. UCYB - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for MicroSectors FANG+ Index 2X Leveraged ETN (FNGO) and ProShares Ultra Nasdaq Cybersecurity (UCYB). 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 | UCYB | Difference | |
|---|---|---|---|
Sharpe ratioReturn per unit of total volatility | 0.53 | -0.26 | +0.79 |
Sortino ratioReturn per unit of downside risk | 1.16 | -0.05 | +1.21 |
Omega ratioGain probability vs. loss probability | 1.15 | 0.99 | +0.16 |
Calmar ratioReturn relative to maximum drawdown | 0.74 | -0.26 | +1.00 |
Martin ratioReturn relative to average drawdown | 2.08 | -0.67 | +2.76 |
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 | UCYB | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 0.53 | -0.26 | +0.79 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.30 | 0.09 | +0.21 |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.53 | 0.02 | +0.51 |
Correlation
The correlation between FNGO and UCYB is 0.71, 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.
Dividends
FNGO vs. UCYB - Dividend Comparison
FNGO has not paid dividends to shareholders, while UCYB's dividend yield for the trailing twelve months is around 2.86%.
| TTM | 2025 | 2024 | 2023 | 2022 | 2021 | |
|---|---|---|---|---|---|---|
FNGO MicroSectors FANG+ Index 2X Leveraged ETN | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
UCYB ProShares Ultra Nasdaq Cybersecurity | 2.86% | 1.90% | 2.16% | 0.56% | 0.00% | 0.91% |
Drawdowns
FNGO vs. UCYB - Drawdown Comparison
The maximum FNGO drawdown since its inception was -78.39%, which is greater than UCYB's maximum drawdown of -62.69%. Use the drawdown chart below to compare losses from any high point for FNGO and UCYB.
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Drawdown Indicators
| FNGO | UCYB | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -78.39% | -62.69% | -15.70% |
Max Drawdown (1Y)Largest decline over 1 year | -42.73% | -42.54% | -0.19% |
Max Drawdown (5Y)Largest decline over 5 years | -78.39% | -62.69% | -15.70% |
Current DrawdownCurrent decline from peak | -35.78% | -37.91% | +2.13% |
Average DrawdownAverage peak-to-trough decline | -24.17% | -27.72% | +3.55% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 15.17% | 16.66% | -1.49% |
Volatility
FNGO vs. UCYB - Volatility Comparison
MicroSectors FANG+ Index 2X Leveraged ETN (FNGO) has a higher volatility of 16.20% compared to ProShares Ultra Nasdaq Cybersecurity (UCYB) at 14.49%. This indicates that FNGO's price experiences larger fluctuations and is considered to be riskier than UCYB based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| FNGO | UCYB | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 16.20% | 14.49% | +1.71% |
Volatility (6M)Calculated over the trailing 6-month period | 30.54% | 33.19% | -2.65% |
Volatility (1Y)Calculated over the trailing 1-year period | 54.60% | 48.93% | +5.67% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 60.29% | 48.30% | +11.99% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 61.90% | 48.51% | +13.39% |