FNGS vs. PRZO
FNGS (MicroSectors FANG+ ETN) is Large Cap Growth Equities fund tracking the NYSE FANG+ Index, while PRZO (ParaZero Technologies Ltd. Ordinary Shares) is a stock. Over the past year, FNGS returned 17.02% vs -49.14% for PRZO. At a 0.11 correlation, their price movements are largely independent.
Performance
FNGS vs. PRZO - 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 PRZO's -26.98% return.
FNGS
- 1D
- -0.94%
- 1M
- -3.20%
- YTD
- 6.79%
- 6M
- 4.25%
- 1Y
- 17.02%
- 3Y*
- 29.80%
- 5Y*
- 19.76%
- 10Y*
- —
PRZO
- 1D
- -3.06%
- 1M
- 7.50%
- YTD
- -26.98%
- 6M
- -52.77%
- 1Y
- -49.14%
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
FNGS vs. PRZO - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | |
|---|---|---|---|---|
FNGS MicroSectors FANG+ ETN | 6.79% | 18.64% | 51.99% | 11.33% |
PRZO ParaZero Technologies Ltd. Ordinary Shares | -26.98% | -59.85% | 185.59% | -82.62% |
Correlation
The correlation between FNGS and PRZO is 0.18, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.18 |
Correlation (All Time) Calculated using the full available price history since Jul 27, 2023 | 0.11 |
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Return for Risk
FNGS vs. PRZO — Risk / Return Rank
FNGS
PRZO
FNGS vs. PRZO - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for MicroSectors FANG+ ETN (FNGS) and ParaZero Technologies Ltd. Ordinary Shares (PRZO). 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 | PRZO | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +1.21 | ||
| Sortino ratioReturn per unit of downside risk | +1.24 | ||
| Omega ratioGain probability vs. loss probability | 1.15 | 0.99 | +0.15 |
| Calmar ratioReturn relative to maximum drawdown | 0.75 | -0.64 | +1.39 |
| Martin ratioReturn relative to average drawdown | 2.12 | -1.16 | +3.28 |
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Drawdowns
FNGS vs. PRZO - Drawdown Comparison
The maximum FNGS drawdown since its inception was -48.98%, smaller than the maximum PRZO drawdown of -88.53%. Use the drawdown chart below to compare losses from any high point for FNGS and PRZO.
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Drawdown Indicators
| FNGS | PRZO | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -48.98% | -88.53% | +39.55% |
Max Drawdown (1Y)Largest decline over 1 year | -22.93% | -76.78% | +53.85% |
Max Drawdown (3Y)Largest decline over 3 years | -26.77% | — | — |
Max Drawdown (5Y)Largest decline over 5 years | -48.98% | — | — |
Current DrawdownCurrent decline from peak | -9.63% | -85.45% | +75.82% |
Average DrawdownAverage peak-to-trough decline | -10.85% | -74.24% | +63.39% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 8.05% | 42.41% | -34.36% |
Volatility
FNGS vs. PRZO - Volatility Comparison
The current volatility for MicroSectors FANG+ ETN (FNGS) is 8.74%, while ParaZero Technologies Ltd. Ordinary Shares (PRZO) has a volatility of 50.24%. This indicates that FNGS experiences smaller price fluctuations and is considered to be less risky than PRZO based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| FNGS | PRZO | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 8.74% | 50.24% | -41.50% |
Volatility (6M)Calculated over the trailing 6-month period | 17.19% | 91.31% | -74.12% |
Volatility (1Y)Calculated over the trailing 1-year period | 21.65% | 117.45% | -95.80% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 30.10% | 174.37% | -144.27% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 31.17% | 174.37% | -143.20% |
Dividends
FNGS vs. PRZO - Dividend Comparison
Neither FNGS nor PRZO has paid dividends to shareholders.
Frequently Asked Questions
FNGS and PRZO have a correlation of 0.18, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
PRZO has higher volatility (50.24%) compared to FNGS (8.74%). In terms of maximum drawdown, FNGS dropped -48.98% vs PRZO's -88.53%.
FNGS currently has the higher Sharpe Ratio (0.79 vs -0.42), 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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