FNGO vs. USD
Compare and contrast key facts about MicroSectors FANG+ Index 2X Leveraged ETN (FNGO) and ProShares Ultra Semiconductors (USD).
FNGO and USD 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. USD is a passively managed fund by ProShares that tracks the performance of the Dow Jones U.S. Semiconductors Index (200%). It was launched on Jan 30, 2007. Both FNGO and USD 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 USD.
Correlation
The correlation between FNGO and USD is 0.77, 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. USD - Performance Comparison
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Key characteristics
FNGO:
0.54
USD:
-0.03
FNGO:
1.12
USD:
0.61
FNGO:
1.15
USD:
1.08
FNGO:
0.70
USD:
-0.09
FNGO:
1.85
USD:
-0.19
FNGO:
18.08%
USD:
30.17%
FNGO:
64.48%
USD:
98.62%
FNGO:
-78.39%
USD:
-87.94%
FNGO:
-23.48%
USD:
-46.57%
Returns By Period
In the year-to-date period, FNGO achieves a -13.99% return, which is significantly higher than USD's -32.57% return.
FNGO
-13.99%
24.00%
-4.18%
34.57%
42.39%
N/A
USD
-32.57%
22.84%
-40.43%
-5.37%
47.66%
39.75%
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FNGO vs. USD - Expense Ratio Comparison
Both FNGO and USD have an expense ratio of 0.95%.
Risk-Adjusted Performance
FNGO vs. USD — Risk-Adjusted Performance Rank
FNGO
USD
FNGO vs. USD - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for MicroSectors FANG+ Index 2X Leveraged ETN (FNGO) and ProShares Ultra Semiconductors (USD). 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.
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Dividends
FNGO vs. USD - Dividend Comparison
FNGO has not paid dividends to shareholders, while USD's dividend yield for the trailing twelve months is around 0.26%.
| TTM | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
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% |
USD ProShares Ultra Semiconductors | 0.26% | 0.10% | 0.05% | 0.30% | 0.00% | 0.14% | 0.72% | 0.93% | 0.32% | 7.11% | 0.39% | 2.71% |
Drawdowns
FNGO vs. USD - Drawdown Comparison
The maximum FNGO drawdown since its inception was -78.39%, smaller than the maximum USD drawdown of -87.94%. Use the drawdown chart below to compare losses from any high point for FNGO and USD. For additional features, visit the drawdowns tool.
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Volatility
FNGO vs. USD - Volatility Comparison
The current volatility for MicroSectors FANG+ Index 2X Leveraged ETN (FNGO) is 21.58%, while ProShares Ultra Semiconductors (USD) has a volatility of 26.94%. This indicates that FNGO experiences smaller price fluctuations and is considered to be less risky than USD based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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