FNGS vs. MAGSX
Compare and contrast key facts about MicroSectors FANG+ ETN (FNGS) and Madison Aggressive Allocation Fund (MAGSX).
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. MAGSX is managed by Madison Funds. It was launched on Jun 29, 2006.
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: FNGS or MAGSX.
Key characteristics
| FNGS | MAGSX | |
|---|---|---|
| YTD Return | 37.92% | 10.40% |
| 1Y Return | 65.71% | 22.02% |
| 3Y Return (Ann) | 15.68% | 2.22% |
| Sharpe Ratio | 2.78 | 2.71 |
| Sortino Ratio | 3.37 | 3.90 |
| Omega Ratio | 1.46 | 1.50 |
| Calmar Ratio | 3.81 | 1.60 |
| Martin Ratio | 12.48 | 18.19 |
| Ulcer Index | 5.44% | 1.25% |
| Daily Std Dev | 24.46% | 8.40% |
| Max Drawdown | -48.98% | -56.42% |
| Current Drawdown | -2.05% | -1.80% |
Correlation
The correlation between FNGS and MAGSX is 0.72, 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. MAGSX - Performance Comparison
In the year-to-date period, FNGS achieves a 37.92% return, which is significantly higher than MAGSX's 10.40% 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. MAGSX - Expense Ratio Comparison
FNGS has a 0.58% expense ratio, which is lower than MAGSX's 0.71% expense ratio.
Risk-Adjusted Performance
FNGS vs. MAGSX - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for MicroSectors FANG+ ETN (FNGS) and Madison Aggressive Allocation Fund (MAGSX). 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. MAGSX - Dividend Comparison
FNGS has not paid dividends to shareholders, while MAGSX's dividend yield for the trailing twelve months is around 1.71%.
| TTM | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
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% |
MAGSX Madison Aggressive Allocation Fund | 1.71% | 1.89% | 1.26% | 9.97% | 8.66% | 5.42% | 10.79% | 5.89% | 3.82% | 9.57% | 9.71% | 0.34% |
Drawdowns
FNGS vs. MAGSX - Drawdown Comparison
The maximum FNGS drawdown since its inception was -48.98%, smaller than the maximum MAGSX drawdown of -56.42%. Use the drawdown chart below to compare losses from any high point for FNGS and MAGSX. For additional features, visit the drawdowns tool.
Volatility
FNGS vs. MAGSX - Volatility Comparison
MicroSectors FANG+ ETN (FNGS) has a higher volatility of 5.88% compared to Madison Aggressive Allocation Fund (MAGSX) at 1.85%. This indicates that FNGS's price experiences larger fluctuations and is considered to be riskier than MAGSX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.