FNGS vs. BABA
FNGS (MicroSectors FANG+ ETN) is Large Cap Growth Equities fund tracking the NYSE FANG+ Index, while BABA (Alibaba Group Holding Limited) is a stock. Over the past 5 years, FNGS returned 19.76%/yr vs -10.74%/yr for BABA. At a 0.47 correlation, their price movements are largely independent.
Performance
FNGS vs. BABA - Performance Comparison
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Returns By Period
In the year-to-date period, FNGS achieves a 6.79% return, which is significantly higher than BABA's -22.32% return.
FNGS
- 1D
- -0.94%
- 1M
- -1.94%
- YTD
- 6.79%
- 6M
- 4.25%
- 1Y
- 19.09%
- 3Y*
- 29.80%
- 5Y*
- 19.76%
- 10Y*
- —
BABA
- 1D
- 0.12%
- 1M
- -14.13%
- YTD
- -22.32%
- 6M
- -26.87%
- 1Y
- 0.87%
- 3Y*
- 11.06%
- 5Y*
- -10.74%
- 10Y*
- 4.42%
FNGS vs. BABA - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | |
|---|---|---|---|---|---|---|---|---|
FNGS MicroSectors FANG+ ETN | 6.79% | 18.64% | 51.99% | 95.24% | -40.32% | 16.96% | 101.99% | 10.10% |
BABA Alibaba Group Holding Limited | -22.32% | 75.80% | 11.77% | -10.83% | -25.84% | -48.96% | 9.73% | 13.44% |
Correlation
The correlation between FNGS and BABA is 0.25, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.25 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.27 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.43 |
Correlation (All Time) Calculated using the full available price history since Nov 13, 2019 | 0.47 |
Over the past year, the correlation between FNGS and BABA has dropped to 0.25 - well below their long-term average of 0.47, suggesting their price drivers have been diverging.
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Return for Risk
FNGS vs. BABA — Risk / Return Rank
FNGS
BABA
FNGS vs. BABA - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for MicroSectors FANG+ ETN (FNGS) and Alibaba Group Holding Limited (BABA). 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.
Values are calculated on a 1-year rolling basis and updated daily. Risk-adjusted metrics are more stable over longer periods — use the period switch above to explore them.
| FNGS | BABA | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.84 | ||
| Sortino ratioReturn per unit of downside risk | +0.92 | ||
| Omega ratioGain probability vs. loss probability | 1.15 | 1.03 | +0.12 |
| Calmar ratioReturn relative to maximum drawdown | 0.75 | -0.06 | +0.81 |
| Martin ratioReturn relative to average drawdown | 2.12 | -0.12 | +2.24 |
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Drawdowns
FNGS vs. BABA - Drawdown Comparison
The maximum FNGS drawdown since its inception was -48.98%, smaller than the maximum BABA drawdown of -80.09%. Use the drawdown chart below to compare losses from any high point for FNGS and BABA.
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Drawdown Indicators
| FNGS | BABA | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -48.98% | -80.09% | +31.11% |
Max Drawdown (1Y)Largest decline over 1 year | -22.93% | -39.94% | +17.01% |
Max Drawdown (3Y)Largest decline over 3 years | -26.77% | -39.94% | +13.17% |
Max Drawdown (5Y)Largest decline over 5 years | -48.98% | -72.48% | +23.50% |
Max Drawdown (10Y)Largest decline over 10 years | — | -80.09% | — |
Current DrawdownCurrent decline from peak | -9.63% | -62.20% | +52.57% |
Average DrawdownAverage peak-to-trough decline | -10.85% | -37.56% | +26.71% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 8.05% | 19.58% | -11.53% |
Volatility
FNGS vs. BABA - Volatility Comparison
The current volatility for MicroSectors FANG+ ETN (FNGS) is 8.74%, while Alibaba Group Holding Limited (BABA) has a volatility of 10.07%. This indicates that FNGS experiences smaller price fluctuations and is considered to be less risky than BABA based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| FNGS | BABA | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 8.74% | 10.07% | -1.33% |
Volatility (6M)Calculated over the trailing 6-month period | 17.19% | 29.24% | -12.05% |
Volatility (1Y)Calculated over the trailing 1-year period | 21.65% | 43.83% | -22.18% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 30.10% | 51.40% | -21.30% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 31.17% | 43.40% | -12.23% |
Dividends
FNGS vs. BABA - Dividend Comparison
FNGS has not paid dividends to shareholders, while BABA's dividend yield for the trailing twelve months is around 0.93%.
| Position | TTM | 2025 | 2024 | 2023 |
|---|---|---|---|---|
BABA Alibaba Group Holding Limited | 0.93% | 1.36% | 1.96% | 1.29% |
FNGS MicroSectors FANG+ ETN | 0.00% | 0.00% | 0.00% | 0.00% |
Frequently Asked Questions
FNGS and BABA have a correlation of 0.25, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
BABA has higher volatility (10.07%) compared to FNGS (8.74%). In terms of maximum drawdown, FNGS dropped -48.98% vs BABA's -80.09%.
FNGS currently has the higher Sharpe Ratio (0.79 vs -0.05), 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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