FNGS vs. ARKF
Compare and contrast key facts about MicroSectors FANG+ ETN (FNGS) and ARK Fintech Innovation ETF (ARKF).
FNGS and ARKF are both exchange-traded funds (ETFs), meaning they are traded on stock exchanges and can be bought and sold throughout the day. FNGS is a passively managed fund by BMO Financial Group that tracks the performance of the NYSE FANG+ Index. It was launched on Nov 12, 2019. ARKF is an actively managed fund by ARK Investment Management. It was launched on Feb 4, 2019.
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: FNGS or ARKF.
Key characteristics
| FNGS | ARKF | |
|---|---|---|
| YTD Return | 16.51% | -1.92% |
| 1Y Return | 57.32% | 44.19% |
| 3Y Return (Ann) | 16.30% | -17.27% |
| Sharpe Ratio | 2.48 | 1.36 |
| Daily Std Dev | 23.74% | 31.95% |
| Max Drawdown | -48.98% | -78.63% |
| Current Drawdown | -1.46% | -57.47% |
Correlation
The correlation between FNGS and ARKF is 0.81, 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
FNGS vs. ARKF - Performance Comparison
In the year-to-date period, FNGS achieves a 16.51% return, which is significantly higher than ARKF's -1.92% 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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FNGS vs. ARKF - Expense Ratio Comparison
FNGS has a 0.58% expense ratio, which is lower than ARKF's 0.75% expense ratio.
Risk-Adjusted Performance
FNGS vs. ARKF - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for MicroSectors FANG+ ETN (FNGS) and ARK Fintech Innovation ETF (ARKF). 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
FNGS vs. ARKF - Dividend Comparison
Neither FNGS nor ARKF has paid dividends to shareholders.
| TTM | 2023 | 2022 | 2021 | 2020 | 2019 | |
|---|---|---|---|---|---|---|
FNGS MicroSectors FANG+ ETN | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
ARKF ARK Fintech Innovation ETF | 0.00% | 0.00% | 0.00% | 0.00% | 0.37% | 1.25% |
Drawdowns
FNGS vs. ARKF - Drawdown Comparison
The maximum FNGS drawdown since its inception was -48.98%, smaller than the maximum ARKF drawdown of -78.63%. Use the drawdown chart below to compare losses from any high point for FNGS and ARKF. For additional features, visit the drawdowns tool.
Volatility
FNGS vs. ARKF - Volatility Comparison
The current volatility for MicroSectors FANG+ ETN (FNGS) is 8.01%, while ARK Fintech Innovation ETF (ARKF) has a volatility of 9.41%. This indicates that FNGS experiences smaller price fluctuations and is considered to be less risky than ARKF based on this measure. The chart below showcases a comparison of their rolling one-month volatility.