FNGO vs. VOO
Compare and contrast key facts about MicroSectors FANG+ Index 2X Leveraged ETN (FNGO) and Vanguard S&P 500 ETF (VOO).
FNGO and VOO 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. VOO is a passively managed fund by Vanguard that tracks the performance of the S&P 500 Index. It was launched on Sep 7, 2010. Both FNGO and VOO 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 VOO.
Performance
FNGO vs. VOO - Performance Comparison
Returns By Period
In the year-to-date period, FNGO achieves a 80.00% return, which is significantly higher than VOO's 25.52% return.
FNGO
80.00%
6.49%
31.66%
97.45%
55.60%
N/A
VOO
25.52%
1.19%
12.21%
32.23%
15.58%
13.15%
Key characteristics
| FNGO | VOO | |
|---|---|---|
| Sharpe Ratio | 2.05 | 2.62 |
| Sortino Ratio | 2.44 | 3.50 |
| Omega Ratio | 1.33 | 1.49 |
| Calmar Ratio | 2.92 | 3.78 |
| Martin Ratio | 8.61 | 17.12 |
| Ulcer Index | 11.36% | 1.86% |
| Daily Std Dev | 47.83% | 12.19% |
| Max Drawdown | -78.39% | -33.99% |
| Current Drawdown | -3.10% | -1.36% |
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FNGO vs. VOO - Expense Ratio Comparison
FNGO has a 0.95% expense ratio, which is higher than VOO's 0.03% expense ratio.
Correlation
The correlation between FNGO and VOO 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.
Risk-Adjusted Performance
FNGO vs. VOO - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for MicroSectors FANG+ Index 2X Leveraged ETN (FNGO) and Vanguard S&P 500 ETF (VOO). 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. VOO - Dividend Comparison
FNGO has not paid dividends to shareholders, while VOO's dividend yield for the trailing twelve months is around 1.25%.
| 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% |
VOO Vanguard S&P 500 ETF | 1.25% | 1.46% | 1.69% | 1.25% | 1.54% | 1.88% | 2.06% | 1.78% | 2.02% | 2.10% | 1.85% | 1.84% |
Drawdowns
FNGO vs. VOO - Drawdown Comparison
The maximum FNGO drawdown since its inception was -78.39%, which is greater than VOO's maximum drawdown of -33.99%. Use the drawdown chart below to compare losses from any high point for FNGO and VOO. For additional features, visit the drawdowns tool.
Volatility
FNGO vs. VOO - Volatility Comparison
MicroSectors FANG+ Index 2X Leveraged ETN (FNGO) has a higher volatility of 12.93% compared to Vanguard S&P 500 ETF (VOO) at 3.97%. This indicates that FNGO's price experiences larger fluctuations and is considered to be riskier than VOO based on this measure. The chart below showcases a comparison of their rolling one-month volatility.