FNGS vs. FPX
Compare and contrast key facts about MicroSectors FANG+ ETN (FNGS) and First Trust US Equity Opportunities ETF (FPX).
FNGS and FPX 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. FPX is a passively managed fund by First Trust that tracks the performance of the IPOX-100 U.S. Index. It was launched on Apr 12, 2006. Both FNGS and FPX are passive ETFs, meaning that they are not actively managed but aim to replicate the performance of the underlying index as closely as possible.
Performance
FNGS vs. FPX - Performance Comparison
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FNGS vs. FPX - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | |
|---|---|---|---|---|---|---|---|---|
FNGS MicroSectors FANG+ ETN | -12.40% | 18.64% | 51.99% | 95.24% | -40.32% | 16.96% | 101.99% | 10.91% |
FPX First Trust US Equity Opportunities ETF | -2.88% | 37.62% | 24.75% | 22.26% | -35.11% | 3.69% | 47.89% | 3.92% |
Returns By Period
In the year-to-date period, FNGS achieves a -12.40% return, which is significantly lower than FPX's -2.88% return.
FNGS
- 1D
- 4.69%
- 1M
- -4.21%
- YTD
- -12.40%
- 6M
- -14.82%
- 1Y
- 19.65%
- 3Y*
- 30.42%
- 5Y*
- 15.68%
- 10Y*
- —
FPX
- 1D
- 4.38%
- 1M
- -4.68%
- YTD
- -2.88%
- 6M
- -4.25%
- 1Y
- 42.94%
- 3Y*
- 23.97%
- 5Y*
- 5.98%
- 10Y*
- 12.79%
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FNGS vs. FPX - Expense Ratio Comparison
FNGS has a 0.58% expense ratio, which is higher than FPX's 0.57% expense ratio.
Return for Risk
FNGS vs. FPX — Risk / Return Rank
FNGS
FPX
FNGS vs. FPX - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for MicroSectors FANG+ ETN (FNGS) and First Trust US Equity Opportunities ETF (FPX). 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 | FPX | Difference | |
|---|---|---|---|
Sharpe ratioReturn per unit of total volatility | 0.73 | 1.47 | -0.74 |
Sortino ratioReturn per unit of downside risk | 1.26 | 2.04 | -0.78 |
Omega ratioGain probability vs. loss probability | 1.17 | 1.28 | -0.11 |
Calmar ratioReturn relative to maximum drawdown | 0.84 | 2.99 | -2.15 |
Martin ratioReturn relative to average drawdown | 2.59 | 10.16 | -7.57 |
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month. | |||
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Sharpe Ratios by Period
| FNGS | FPX | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 0.73 | 1.47 | -0.74 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.53 | 0.23 | +0.30 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | — | 0.53 | — |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.90 | 0.52 | +0.37 |
Correlation
The correlation between FNGS and FPX is 0.76, 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.
Dividends
FNGS vs. FPX - Dividend Comparison
FNGS has not paid dividends to shareholders, while FPX's dividend yield for the trailing twelve months is around 0.59%.
| TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
FNGS MicroSectors FANG+ ETN | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
FPX First Trust US Equity Opportunities ETF | 0.59% | 0.53% | 0.09% | 0.27% | 1.08% | 0.14% | 0.28% | 0.67% | 0.88% | 0.68% | 0.77% | 0.62% |
Drawdowns
FNGS vs. FPX - Drawdown Comparison
The maximum FNGS drawdown since its inception was -48.98%, smaller than the maximum FPX drawdown of -56.29%. Use the drawdown chart below to compare losses from any high point for FNGS and FPX.
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Drawdown Indicators
| FNGS | FPX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -48.98% | -56.29% | +7.31% |
Max Drawdown (1Y)Largest decline over 1 year | -22.93% | -14.19% | -8.74% |
Max Drawdown (5Y)Largest decline over 5 years | -48.98% | -43.14% | -5.84% |
Max Drawdown (10Y)Largest decline over 10 years | — | -43.14% | — |
Current DrawdownCurrent decline from peak | -19.32% | -8.22% | -11.10% |
Average DrawdownAverage peak-to-trough decline | -11.02% | -11.43% | +0.41% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 7.43% | 4.18% | +3.25% |
Volatility
FNGS vs. FPX - Volatility Comparison
The current volatility for MicroSectors FANG+ ETN (FNGS) is 8.31%, while First Trust US Equity Opportunities ETF (FPX) has a volatility of 9.13%. This indicates that FNGS experiences smaller price fluctuations and is considered to be less risky than FPX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| FNGS | FPX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 8.31% | 9.13% | -0.82% |
Volatility (6M)Calculated over the trailing 6-month period | 15.68% | 18.62% | -2.94% |
Volatility (1Y)Calculated over the trailing 1-year period | 26.98% | 29.34% | -2.36% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 29.97% | 26.54% | +3.43% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 31.34% | 24.17% | +7.17% |