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FNGS vs. IETC
Performance
Return for Risk
Drawdowns
Volatility
Dividends

FNGS vs. IETC

Last updated Jun 13, 2026

FNGS (MicroSectors FANG+ ETN) and IETC (iShares U.S. Tech Independence Focused ETF) are both exchange-traded funds - FNGS is a Large Cap Growth Equities fund tracking the NYSE FANG+ Index, while IETC is a Technology Equities fund actively managed by iShares. FNGS is passively managed, while IETC is actively managed. Over the past 5 years, FNGS returned 19.76%/yr vs 15.73%/yr for IETC. Their correlation of 0.88 suggests significant overlap in exposure. FNGS charges 0.58%/yr vs 0.18%/yr for IETC.

Performance

FNGS vs. IETC - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in MicroSectors FANG+ ETN (FNGS) and iShares U.S. Tech Independence Focused ETF (IETC). The values are adjusted to include any dividend payments, if applicable.

Loading charts...

Returns By Period

In the year-to-date period, FNGS achieves a 6.79% return, which is significantly higher than IETC's 4.48% return.

FNGS

1D
-0.94%
1M
-3.20%
YTD
6.79%
6M
4.25%
1Y
17.02%
3Y*
29.80%
5Y*
19.76%
10Y*
—

IETC

1D
-0.07%
1M
0.03%
YTD
4.48%
6M
4.29%
1Y
17.62%
3Y*
25.69%
5Y*
15.73%
10Y*
—
*Multi-year figures are annualized to reflect compound growth (CAGR)

FNGS vs. IETC - Yearly Performance Comparison

2026 (YTD)2025202420232022202120202019
FNGS
MicroSectors FANG+ ETN		6.79%18.64%51.99%95.24%-40.32%16.96%101.99%10.10%
IETC
iShares U.S. Tech Independence Focused ETF		4.48%19.56%37.57%54.35%-32.78%29.73%46.59%6.01%

Correlation

The correlation between FNGS and IETC is 0.87, indicating a strong positive relationship between their price movements. Combining them offers limited diversification - they tend to fall together during downturns.

Correlation
Correlation (1Y)
Calculated over the trailing 1-year period

0.87

Correlation (3Y)
Calculated over the trailing 3-year period

0.88

Correlation (5Y)
Calculated over the trailing 5-year period

0.89

Correlation (All Time)
Calculated using the full available price history since Nov 13, 2019

0.88

The correlation between FNGS and IETC has been stable across timeframes, ranging from 0.87 to 0.89 - a consistent structural relationship.

FNGS vs. IETC - Sectors Allocation Comparison

Sectors
FNGS
IETC

Technology

59.9%
79.1%

Communication Services

28.8%
8.4%

Consumer Cyclical

11.3%
4.7%

Financial Services

10.0%
3.1%

Basic Materials

-

-

Consumer Defensive

-

-

Energy

-

-

Healthcare

-

0.1%

Industrials

-

3.7%

Real Estate

-

0.7%

Utilities

-

-

Technology

FNGS
59.9%
IETC
79.1%

Communication Services

FNGS
28.8%
IETC
8.4%

Consumer Cyclical

FNGS
11.3%
IETC
4.7%

Financial Services

FNGS
10.0%
IETC
3.1%

Basic Materials

FNGS

-

IETC

-

Consumer Defensive

FNGS

-

IETC

-

Energy

FNGS

-

IETC

-

Healthcare

FNGS

-

IETC
0.1%

Industrials

FNGS

-

IETC
3.7%

Real Estate

FNGS

-

IETC
0.7%

Utilities

FNGS

-

IETC

-

Compare stocks, funds, or ETFs

Search for stocks, ETFs, and funds for a quick comparison or use the comparison tool for more options.

MicroSectors FANG+ ETN

iShares U.S. Tech Independence Focused ETF

Often compared with FNGS:
FNGS vs. MAGSFNGS vs. SPYFNGS vs. QQQFNGS vs. FNGOFNGS vs. QLDFNGS vs. SMHFNGS vs. MON100.NS
Often compared with IETC:
IETC vs. IYWIETC vs. VGTIETC vs. IGMIETC vs. ARTYIETC vs. IXNIETC vs. SCHGIETC vs. SPY

Return for Risk

FNGS vs. IETC — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.
FNGS
FNGS Risk / Return Rank: 2323
Overall Rank
FNGS Sharpe Ratio Rank: 2525
Sharpe Ratio Rank
FNGS Sortino Ratio Rank: 2424
Sortino Ratio Rank
FNGS Omega Ratio Rank: 2424
Omega Ratio Rank
FNGS Calmar Ratio Rank: 2020
Calmar Ratio Rank
FNGS Martin Ratio Rank: 2020
Martin Ratio Rank
IETC
IETC Risk / Return Rank: 2323
Overall Rank
IETC Sharpe Ratio Rank: 2626
Sharpe Ratio Rank
IETC Sortino Ratio Rank: 2424
Sortino Ratio Rank
IETC Omega Ratio Rank: 2424
Omega Ratio Rank
IETC Calmar Ratio Rank: 2121
Calmar Ratio Rank
IETC Martin Ratio Rank: 2121
Martin Ratio Rank
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. IETC - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for MicroSectors FANG+ ETN (FNGS) and iShares U.S. Tech Independence Focused ETF (IETC). 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.

FNGSIETCDifference
Sharpe ratioReturn per unit of total volatility
0.79
0.80

-0.01

Sortino ratioReturn per unit of downside risk
1.19
1.18

+0.01

Omega ratioGain probability vs. loss probability

1.15

1.15

0.00

Calmar ratioReturn relative to maximum drawdown

0.75

0.84

-0.09

Martin ratioReturn relative to average drawdown

2.12

2.30

-0.18

FNGS vs. IETC - Sharpe Ratio Comparison

The current FNGS Sharpe Ratio is 0.79, which is comparable to the IETC Sharpe Ratio of 0.80. The chart below compares the historical Sharpe Ratios of FNGS and IETC, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

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Drawdowns

FNGS vs. IETC - Drawdown Comparison

The maximum FNGS drawdown since its inception was -48.98%, which is greater than IETC's maximum drawdown of -38.48%. Use the drawdown chart below to compare losses from any high point for FNGS and IETC.

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Drawdown Indicators

FNGSIETCDifference

Max Drawdown

Largest peak-to-trough decline

-48.98%

-38.48%

-10.50%

Max Drawdown (1Y)

Largest decline over 1 year

-22.93%

-21.19%

-1.74%

Max Drawdown (3Y)

Largest decline over 3 years

-26.77%

-25.17%

-1.60%

Max Drawdown (5Y)

Largest decline over 5 years

-48.98%

-38.48%

-10.50%

Current Drawdown

Current decline from peak

-9.63%

-10.32%

+0.69%

Average Drawdown

Average peak-to-trough decline

-10.85%

-8.14%

-2.71%

Ulcer Index

Depth and duration of drawdowns from previous peaks

8.05%

7.67%

+0.38%

Volatility

FNGS vs. IETC - Volatility Comparison

The current volatility for MicroSectors FANG+ ETN (FNGS) is 8.74%, while iShares U.S. Tech Independence Focused ETF (IETC) has a volatility of 9.62%. This indicates that FNGS experiences smaller price fluctuations and is considered to be less risky than IETC based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

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Volatility by Period

FNGSIETCDifference

Volatility (1M)

Calculated over the trailing 1-month period

8.74%

9.62%

-0.88%

Volatility (6M)

Calculated over the trailing 6-month period

17.19%

17.85%

-0.66%

Volatility (1Y)

Calculated over the trailing 1-year period

21.65%

22.11%

-0.46%

Volatility (5Y)

Calculated over the trailing 5-year period, annualized

30.10%

24.70%

+5.40%

Volatility (10Y)

Calculated over the trailing 10-year period, annualized

31.17%

25.44%

+5.73%

FNGS vs. IETC - Expense Ratio Comparison

FNGS has a 0.58% expense ratio, which is higher than IETC's 0.18% expense ratio.

Dividends

FNGS vs. IETC - Dividend Comparison

FNGS has not paid dividends to shareholders, while IETC's dividend yield for the trailing twelve months is around 0.37%.

PositionTTM20252024202320222021202020192018
FNGS
MicroSectors FANG+ ETN		0.00%0.00%0.00%0.00%0.00%0.00%0.00%0.00%0.00%
IETC
iShares U.S. Tech Independence Focused ETF		0.37%0.38%0.52%0.79%0.92%0.73%0.48%0.95%1.27%

Frequently Asked Questions

FNGS and IETC have a correlation of 0.87, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

IETC has higher volatility (9.62%) compared to FNGS (8.74%). In terms of maximum drawdown, FNGS dropped -48.98% vs IETC's -38.48%.

On 5-year performance, FNGS leads with 19.76% vs 15.73% for IETC. On fees, IETC is cheaper at 0.18% per year. On volatility, FNGS has been the lower-risk option at 8.74%. The better choice depends on whether you care most about return, fees, risk, or income.

Over the 5-year period, FNGS has performed better with a 19.76% return vs 15.73%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.

IETC is cheaper with a 0.18% expense ratio, compared with 0.58% for FNGS.

IETC has the higher dividend yield at 0.37%, compared with 0.00% for FNGS.

FNGS is categorized as Large Cap Growth Equities, while IETC is Technology Equities. They also come from different issuers: BMO and iShares. Their fees differ too: 0.58% for FNGS and 0.18% for IETC.

IETC currently has the higher Sharpe Ratio (0.80 vs 0.79), 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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