FNGS vs. FNGO
Compare and contrast key facts about MicroSectors FANG+ ETN (FNGS) and MicroSectors FANG+ Index 2X Leveraged ETN (FNGO).
FNGS and FNGO 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. 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. Both FNGS and FNGO 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: FNGS or FNGO.
Key characteristics
| FNGS | FNGO | |
|---|---|---|
| YTD Return | 37.92% | 70.92% |
| 1Y Return | 65.71% | 143.61% |
| 3Y Return (Ann) | 15.68% | 14.72% |
| Sharpe Ratio | 2.78 | 3.15 |
| Sortino Ratio | 3.37 | 3.25 |
| Omega Ratio | 1.46 | 1.45 |
| Calmar Ratio | 3.81 | 3.53 |
| Martin Ratio | 12.48 | 13.33 |
| Ulcer Index | 5.44% | 11.22% |
| Daily Std Dev | 24.46% | 47.39% |
| Max Drawdown | -48.98% | -78.39% |
| Current Drawdown | -2.05% | -7.98% |
Correlation
The correlation between FNGS and FNGO is 0.99, 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. FNGO - Performance Comparison
In the year-to-date period, FNGS achieves a 37.92% return, which is significantly lower than FNGO's 70.92% 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. FNGO - Expense Ratio Comparison
FNGS has a 0.58% expense ratio, which is lower than FNGO's 0.95% expense ratio.
Risk-Adjusted Performance
FNGS vs. FNGO - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for MicroSectors FANG+ ETN (FNGS) and MicroSectors FANG+ Index 2X Leveraged ETN (FNGO). 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. FNGO - Dividend Comparison
Neither FNGS nor FNGO has paid dividends to shareholders.
Drawdowns
FNGS vs. FNGO - Drawdown Comparison
The maximum FNGS drawdown since its inception was -48.98%, smaller than the maximum FNGO drawdown of -78.39%. Use the drawdown chart below to compare losses from any high point for FNGS and FNGO. For additional features, visit the drawdowns tool.
Volatility
FNGS vs. FNGO - Volatility Comparison
The current volatility for MicroSectors FANG+ ETN (FNGS) is 5.88%, while MicroSectors FANG+ Index 2X Leveraged ETN (FNGO) has a volatility of 10.00%. This indicates that FNGS experiences smaller price fluctuations and is considered to be less risky than FNGO based on this measure. The chart below showcases a comparison of their rolling one-month volatility.