FNGS vs. ASIA

Last updated Apr 1, 2026

Compare and contrast key facts about MicroSectors FANG+ ETN (FNGS) and Matthews Pacific Tiger Active ETF (ASIA).

FNGS and ASIA 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 that tracks the performance of the NYSE FANG+ Index. It was launched on Nov 12, 2019. ASIA is an actively managed fund by Matthews. It was launched on Sep 21, 2023.

Performance

FNGS vs. ASIA - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in MicroSectors FANG+ ETN (FNGS) and Matthews Pacific Tiger Active ETF (ASIA). The values are adjusted to include any dividend payments, if applicable.

FNGS vs. ASIA - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023
FNGS MicroSectors FANG+ ETN	-12.40%	18.64%	51.99%	18.57%
ASIA Matthews Pacific Tiger Active ETF	1.94%	32.06%	3.41%	0.01%

Returns By Period

In the year-to-date period, FNGS achieves a -12.40% return, which is significantly lower than ASIA's 1.94% return.

FNGS

• 1D: 4.69%
• 1M: -4.21%
• YTD: -12.40%
• 6M: -14.82%
• 1Y: 19.65%
• 3Y*: 30.42%
• 5Y*: 15.68%
• 10Y*: —

ASIA

• 1D: 3.32%
• 1M: -10.98%
• YTD: 1.94%
• 6M: 5.62%
• 1Y: 35.24%
• 3Y*: —
• 5Y*: —
• 10Y*: —

*Multi-year figures are annualized to reflect compound growth (CAGR)

FNGS vs. ASIA - Expense Ratio Comparison

FNGS has a 0.58% expense ratio, which is lower than ASIA's 0.79% expense ratio.

ASIA

Matthews Pacific Tiger Active ETF

FNGS

MicroSectors FANG+ ETN

Return for Risk

FNGS vs. ASIA — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.

FNGS

FNGS Risk / Return Rank: 41
FNGS Sharpe Ratio Rank: 43
FNGS Sortino Ratio Rank: 51
FNGS Omega Ratio Rank: 45
FNGS Calmar Ratio Rank: 36
FNGS Martin Ratio Rank: 32

ASIA

ASIA Risk / Return Rank: 83
ASIA Sharpe Ratio Rank: 84
ASIA Sortino Ratio Rank: 84
ASIA Omega Ratio Rank: 83
ASIA Calmar Ratio Rank: 83
ASIA Martin Ratio Rank: 82

The rank (0–100) shows how this investment's returns compare to the risk taken. Higher = better. Based on the past 12 months of data, combining Sharpe, Sortino, and other metrics used by quantitative funds and institutional investors.

FNGS vs. ASIA - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for MicroSectors FANG+ ETN (FNGS) and Matthews Pacific Tiger Active ETF (ASIA). 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.

	FNGS	ASIA	Difference
Sharpe ratio Return per unit of total volatility	0.73	1.64	-0.91
Sortino ratio Return per unit of downside risk	1.26	2.19	-0.93
Omega ratio Gain probability vs. loss probability	1.17	1.33	-0.16
Calmar ratio Return relative to maximum drawdown	0.84	2.38	-1.55
Martin ratio Return relative to average drawdown	2.59	8.98	-6.39
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

FNGS vs. ASIA - Sharpe Ratio Comparison

The current FNGS Sharpe Ratio is 0.73, which is lower than the ASIA Sharpe Ratio of 1.64. The chart below compares the historical Sharpe Ratios of FNGS and ASIA, offering insights into how both investments have performed under varying market conditions. These values are calculated using daily returns over the previous 12 months.

Sharpe Ratios by Period

	FNGS	ASIA	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	0.73	1.64	-0.91
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	0.53	—	—
Sharpe Ratio (All Time) Calculated using the full available price history	0.90	0.73	+0.17

Correlation

The correlation between FNGS and ASIA is 0.55, which is considered to be moderate. This suggests that the two assets have some degree of positive relationship in their price movements. Moderate correlation can be acceptable for portfolio diversification, offering a balance between risk and potential returns.

Dividends

FNGS vs. ASIA - Dividend Comparison

FNGS has not paid dividends to shareholders, while ASIA's dividend yield for the trailing twelve months is around 1.03%.

	TTM	2025	2024	2023
FNGS MicroSectors FANG+ ETN	0.00%	0.00%	0.00%	0.00%
ASIA Matthews Pacific Tiger Active ETF	1.03%	1.05%	0.58%	0.12%

Drawdowns

FNGS vs. ASIA - Drawdown Comparison

The maximum FNGS drawdown since its inception was -48.98%, which is greater than ASIA's maximum drawdown of -23.95%. Use the drawdown chart below to compare losses from any high point for FNGS and ASIA.

Drawdown Indicators

	FNGS	ASIA	Difference
Max Drawdown Largest peak-to-trough decline	-48.98%	-23.95%	-25.03%
Max Drawdown (1Y) Largest decline over 1 year	-22.93%	-14.47%	-8.46%
Max Drawdown (5Y) Largest decline over 5 years	-48.98%	—	—
Current Drawdown Current decline from peak	-19.32%	-11.63%	-7.69%
Average Drawdown Average peak-to-trough decline	-11.02%	-5.00%	-6.02%
Ulcer Index Depth and duration of drawdowns from previous peaks	7.43%	3.84%	+3.59%

Volatility

FNGS vs. ASIA - Volatility Comparison

The current volatility for MicroSectors FANG+ ETN (FNGS) is 8.31%, while Matthews Pacific Tiger Active ETF (ASIA) has a volatility of 11.40%. This indicates that FNGS experiences smaller price fluctuations and is considered to be less risky than ASIA based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	FNGS	ASIA	Difference
Volatility (1M) Calculated over the trailing 1-month period	8.31%	11.40%	-3.09%
Volatility (6M) Calculated over the trailing 6-month period	15.68%	16.54%	-0.86%
Volatility (1Y) Calculated over the trailing 1-year period	26.98%	21.58%	+5.40%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	29.97%	19.47%	+10.50%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	31.34%	19.47%	+11.87%