FNGS vs. EOSE
FNGS (MicroSectors FANG+ ETN) is Large Cap Growth Equities fund tracking the NYSE FANG+ Index, while EOSE (Eos Energy Enterprises Inc) is a stock. Over the past 5 years, FNGS returned 19.76%/yr vs -21.15%/yr for EOSE. At a 0.31 correlation, their price movements are largely independent.
Performance
FNGS vs. EOSE - 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 EOSE's -47.12% return.
FNGS
- 1D
- -0.94%
- 1M
- -3.20%
- YTD
- 6.79%
- 6M
- 4.25%
- 1Y
- 17.02%
- 3Y*
- 29.80%
- 5Y*
- 19.76%
- 10Y*
- —
EOSE
- 1D
- -2.26%
- 1M
- -26.81%
- YTD
- -47.12%
- 6M
- -59.16%
- 1Y
- 45.67%
- 3Y*
- 23.72%
- 5Y*
- -21.15%
- 10Y*
- —
FNGS vs. EOSE - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | |
|---|---|---|---|---|---|---|---|
FNGS MicroSectors FANG+ ETN | 6.79% | 18.64% | 51.99% | 95.24% | -40.32% | 16.96% | 62.08% |
EOSE Eos Energy Enterprises Inc | -47.12% | 135.80% | 345.87% | -26.35% | -80.32% | -63.92% | 112.65% |
Correlation
The correlation between FNGS and EOSE is 0.36, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.36 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.26 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.33 |
Correlation (All Time) Calculated using the full available price history since Jun 3, 2020 | 0.31 |
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Return for Risk
FNGS vs. EOSE — Risk / Return Rank
FNGS
EOSE
FNGS vs. EOSE - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for MicroSectors FANG+ ETN (FNGS) and Eos Energy Enterprises Inc (EOSE). 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 | EOSE | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.39 | ||
| Sortino ratioReturn per unit of downside risk | -0.23 | ||
| Omega ratioGain probability vs. loss probability | 1.15 | 1.17 | -0.02 |
| Calmar ratioReturn relative to maximum drawdown | 0.75 | 0.60 | +0.15 |
| Martin ratioReturn relative to average drawdown | 2.12 | 1.16 | +0.96 |
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Drawdowns
FNGS vs. EOSE - Drawdown Comparison
The maximum FNGS drawdown since its inception was -48.98%, smaller than the maximum EOSE drawdown of -97.88%. Use the drawdown chart below to compare losses from any high point for FNGS and EOSE.
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Drawdown Indicators
| FNGS | EOSE | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -48.98% | -97.88% | +48.90% |
Max Drawdown (1Y)Largest decline over 1 year | -22.93% | -77.10% | +54.17% |
Max Drawdown (3Y)Largest decline over 3 years | -26.77% | -87.18% | +60.41% |
Max Drawdown (5Y)Largest decline over 5 years | -48.98% | -96.77% | +47.79% |
Current DrawdownCurrent decline from peak | -9.63% | -80.09% | +70.46% |
Average DrawdownAverage peak-to-trough decline | -10.85% | -72.37% | +61.52% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 8.05% | 39.66% | -31.61% |
Volatility
FNGS vs. EOSE - Volatility Comparison
The current volatility for MicroSectors FANG+ ETN (FNGS) is 8.74%, while Eos Energy Enterprises Inc (EOSE) has a volatility of 31.08%. This indicates that FNGS experiences smaller price fluctuations and is considered to be less risky than EOSE based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| FNGS | EOSE | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 8.74% | 31.08% | -22.34% |
Volatility (6M)Calculated over the trailing 6-month period | 17.19% | 91.90% | -74.71% |
Volatility (1Y)Calculated over the trailing 1-year period | 21.65% | 115.13% | -93.48% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 30.10% | 117.06% | -86.96% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 31.17% | 112.92% | -81.75% |
Dividends
FNGS vs. EOSE - Dividend Comparison
Neither FNGS nor EOSE has paid dividends to shareholders.
Frequently Asked Questions
FNGS and EOSE have a correlation of 0.36, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
EOSE has higher volatility (31.08%) compared to FNGS (8.74%). In terms of maximum drawdown, FNGS dropped -48.98% vs EOSE's -97.88%.
FNGS currently has the higher Sharpe Ratio (0.79 vs 0.40), 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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