FNGS vs. RDW
FNGS (MicroSectors FANG+ ETN) is Large Cap Growth Equities fund tracking the NYSE FANG+ Index, while RDW (Redwire Corporation) is a stock. Over the past 3 years, FNGS returned 29.80%/yr vs 79.83%/yr for RDW. At a 0.38 correlation, their price movements are largely independent.
Performance
FNGS vs. RDW - Performance Comparison
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Returns By Period
In the year-to-date period, FNGS achieves a 6.79% return, which is significantly lower than RDW's 98.95% return.
FNGS
- 1D
- -0.94%
- 1M
- -3.20%
- YTD
- 6.79%
- 6M
- 4.25%
- 1Y
- 17.02%
- 3Y*
- 29.80%
- 5Y*
- 19.76%
- 10Y*
- —
RDW
- 1D
- -11.53%
- 1M
- 31.94%
- YTD
- 98.95%
- 6M
- 107.41%
- 1Y
- -21.74%
- 3Y*
- 79.83%
- 5Y*
- —
- 10Y*
- —
FNGS vs. RDW - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | |
|---|---|---|---|---|---|---|
FNGS MicroSectors FANG+ ETN | 6.79% | 18.64% | 51.99% | 95.24% | -40.32% | -0.40% |
RDW Redwire Corporation | 98.95% | -53.83% | 477.54% | 43.94% | -70.67% | -34.15% |
Correlation
The correlation between FNGS and RDW is 0.35, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.35 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.33 |
Correlation (All Time) Calculated using the full available price history since Sep 2, 2021 | 0.38 |
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Return for Risk
FNGS vs. RDW — Risk / Return Rank
FNGS
RDW
FNGS vs. RDW - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for MicroSectors FANG+ ETN (FNGS) and Redwire Corporation (RDW). 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 | RDW | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.97 | ||
| Sortino ratioReturn per unit of downside risk | +0.61 | ||
| Omega ratioGain probability vs. loss probability | 1.15 | 1.07 | +0.08 |
| Calmar ratioReturn relative to maximum drawdown | 0.75 | -0.29 | +1.03 |
| Martin ratioReturn relative to average drawdown | 2.12 | -0.42 | +2.54 |
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Drawdowns
FNGS vs. RDW - Drawdown Comparison
The maximum FNGS drawdown since its inception was -48.98%, smaller than the maximum RDW drawdown of -87.26%. Use the drawdown chart below to compare losses from any high point for FNGS and RDW.
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Drawdown Indicators
| FNGS | RDW | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -48.98% | -87.26% | +38.28% |
Max Drawdown (1Y)Largest decline over 1 year | -22.93% | -75.40% | +52.47% |
Max Drawdown (3Y)Largest decline over 3 years | -26.77% | -80.28% | +53.51% |
Max Drawdown (5Y)Largest decline over 5 years | -48.98% | — | — |
Current DrawdownCurrent decline from peak | -9.63% | -41.62% | +31.99% |
Average DrawdownAverage peak-to-trough decline | -10.85% | -59.30% | +48.45% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 8.05% | 51.88% | -43.83% |
Volatility
FNGS vs. RDW - Volatility Comparison
The current volatility for MicroSectors FANG+ ETN (FNGS) is 8.74%, while Redwire Corporation (RDW) has a volatility of 53.68%. This indicates that FNGS experiences smaller price fluctuations and is considered to be less risky than RDW based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| FNGS | RDW | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 8.74% | 53.68% | -44.94% |
Volatility (6M)Calculated over the trailing 6-month period | 17.19% | 94.49% | -77.30% |
Volatility (1Y)Calculated over the trailing 1-year period | 21.65% | 118.63% | -96.98% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 30.10% | 96.83% | -66.73% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 31.17% | 96.83% | -65.66% |
Dividends
FNGS vs. RDW - Dividend Comparison
Neither FNGS nor RDW has paid dividends to shareholders.
Frequently Asked Questions
FNGS and RDW have a correlation of 0.35, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
RDW has higher volatility (53.68%) compared to FNGS (8.74%). In terms of maximum drawdown, FNGS dropped -48.98% vs RDW's -87.26%.
FNGS currently has the higher Sharpe Ratio (0.79 vs -0.18), 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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