FNGO vs. USOY
FNGO (MicroSectors FANG+ Index 2X Leveraged ETN) and USOY (Defiance Oil Enhanced Options Income ETF) are both exchange-traded funds - FNGO is a Leveraged Equities fund tracking the NYSE FANG+ Index (+200%), while USOY is a Derivative Income fund actively managed by Defiance. FNGO is passively managed, while USOY is actively managed. Over the past year, FNGO returned 54.81% vs 57.29% for USOY. At a correlation of -0.02, they often move in opposite directions. FNGO charges 0.95%/yr vs 1.22%/yr for USOY.
Performance
FNGO vs. USOY - Performance Comparison
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Returns By Period
In the year-to-date period, FNGO achieves a 29.63% return, which is significantly lower than USOY's 62.18% return.
FNGO
- 1D
- -2.35%
- 1M
- 23.13%
- YTD
- 29.63%
- 6M
- 17.47%
- 1Y
- 54.81%
- 3Y*
- 62.64%
- 5Y*
- 30.44%
- 10Y*
- —
USOY
- 1D
- 1.45%
- 1M
- -3.43%
- YTD
- 62.18%
- 6M
- 59.35%
- 1Y
- 57.29%
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
FNGO vs. USOY - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | |
|---|---|---|---|
FNGO MicroSectors FANG+ Index 2X Leveraged ETN | 29.63% | 25.49% | 56.46% |
USOY Defiance Oil Enhanced Options Income ETF | 62.18% | -7.93% | 7.27% |
Correlation
The correlation between FNGO and USOY is -0.22, meaning they tend to move in opposite directions. This is especially valuable for risk management - when one declines, the other has historically tended to hold steady or rise.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | -0.22 |
Correlation (All Time) Calculated using the full available price history since May 13, 2024 | -0.02 |
The correlation between FNGO and USOY shifts across timeframes, from -0.22 (1 year) to -0.02 (all time), reflecting how their relationship changes across market environments.
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Return for Risk
FNGO vs. USOY — Risk / Return Rank
FNGO
USOY
FNGO vs. USOY - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for MicroSectors FANG+ Index 2X Leveraged ETN (FNGO) and Defiance Oil Enhanced Options Income ETF (USOY). 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 | USOY | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.50 | ||
| Sortino ratioReturn per unit of downside risk | -0.36 | ||
| Omega ratioGain probability vs. loss probability | 1.24 | 1.35 | -0.11 |
| Calmar ratioReturn relative to maximum drawdown | 1.29 | 4.03 | -2.74 |
| Martin ratioReturn relative to average drawdown | 3.39 | 7.74 | -4.35 |
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 | USOY | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 1.39 | 1.89 | -0.50 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.51 | — | — |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.67 | 0.99 | -0.32 |
Drawdowns
FNGO vs. USOY - Drawdown Comparison
The maximum FNGO drawdown since its inception was -78.39%, which is greater than USOY's maximum drawdown of -17.46%. Use the drawdown chart below to compare losses from any high point for FNGO and USOY.
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Drawdown Indicators
| FNGO | USOY | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -78.39% | -17.46% | -60.93% |
Max Drawdown (1Y)Largest decline over 1 year | -42.73% | -14.29% | -28.44% |
Max Drawdown (3Y)Largest decline over 3 years | -47.64% | — | — |
Max Drawdown (5Y)Largest decline over 5 years | -78.39% | — | — |
Current DrawdownCurrent decline from peak | -2.94% | -5.11% | +2.17% |
Average DrawdownAverage peak-to-trough decline | -23.91% | -6.47% | -17.44% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 16.21% | 7.42% | +8.79% |
Volatility
FNGO vs. USOY - Volatility Comparison
MicroSectors FANG+ Index 2X Leveraged ETN (FNGO) and Defiance Oil Enhanced Options Income ETF (USOY) have volatilities of 11.29% and 11.62%, respectively, indicating that both stocks experience similar levels of price fluctuations. This suggests that the risk associated with both stocks, as measured by volatility, is nearly the same. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| FNGO | USOY | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 11.29% | 11.62% | -0.33% |
Volatility (6M)Calculated over the trailing 6-month period | 30.58% | 27.18% | +3.40% |
Volatility (1Y)Calculated over the trailing 1-year period | 39.56% | 30.44% | +9.12% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 60.24% | 26.13% | +34.11% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 61.54% | 26.13% | +35.41% |
FNGO vs. USOY - Expense Ratio Comparison
FNGO has a 0.95% expense ratio, which is lower than USOY's 1.22% expense ratio.
Dividends
FNGO vs. USOY - Dividend Comparison
FNGO has not paid dividends to shareholders, while USOY's dividend yield for the trailing twelve months is around 54.16%.
| Position | TTM | 2025 | 2024 |
|---|---|---|---|
FNGO MicroSectors FANG+ Index 2X Leveraged ETN | 0.00% | 0.00% | 0.00% |
USOY Defiance Oil Enhanced Options Income ETF | 54.16% | 104.32% | 48.60% |
Frequently Asked Questions
FNGO and USOY 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.
USOY has higher volatility (11.62%) compared to FNGO (11.29%). In terms of maximum drawdown, FNGO dropped -78.39% vs USOY's -17.46%.
On 1-year performance, USOY leads with 57.29% vs 54.81% for FNGO. On fees, FNGO is cheaper at 0.95% per year. On volatility, FNGO has been the lower-risk option at 11.29%. The better choice depends on whether you care most about return, fees, risk, or income.
Over the 1-year period, USOY has performed better with a 57.29% return vs 54.81%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.
FNGO is cheaper with a 0.95% expense ratio, compared with 1.22% for USOY.
USOY has the higher dividend yield at 54.16%, compared with 0.00% for FNGO.
FNGO is categorized as Leveraged Equities, while USOY is Derivative Income. They also come from different issuers: Bank of Montreal and Defiance. Their fees differ too: 0.95% for FNGO and 1.22% for USOY.
USOY currently has the higher Sharpe Ratio (1.89 vs 1.39), 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.
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