FNGS vs. SOXX
FNGS (MicroSectors FANG+ ETN) and SOXX (iShares Semiconductor ETF) are both exchange-traded funds - FNGS is a Large Cap Growth Equities fund tracking the NYSE FANG+ Index, while SOXX is a Semiconductors fund tracking the NYSE Semiconductor Index. Both are passively managed. Over the past 5 years, FNGS returned 19.76%/yr vs 33.69%/yr for SOXX. A 0.74 correlation means they provide meaningful diversification when combined. FNGS charges 0.58%/yr vs 0.34%/yr for SOXX.
Performance
FNGS vs. SOXX - 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 SOXX's 98.11% return.
FNGS
- 1D
- -0.94%
- 1M
- -3.68%
- YTD
- 6.79%
- 6M
- 4.25%
- 1Y
- 19.09%
- 3Y*
- 29.80%
- 5Y*
- 19.76%
- 10Y*
- —
SOXX
- 1D
- 1.59%
- 1M
- 12.49%
- YTD
- 98.11%
- 6M
- 99.51%
- 1Y
- 171.57%
- 3Y*
- 53.00%
- 5Y*
- 33.69%
- 10Y*
- 35.55%
FNGS vs. SOXX - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | |
|---|---|---|---|---|---|---|---|---|
FNGS MicroSectors FANG+ ETN | 6.79% | 18.64% | 51.99% | 95.24% | -40.32% | 16.96% | 101.99% | 10.10% |
SOXX iShares Semiconductor ETF | 98.11% | 40.74% | 12.92% | 67.12% | -35.09% | 44.09% | 52.72% | 7.11% |
Correlation
The correlation between FNGS and SOXX is 0.59, which is moderate. They share some common price drivers but move independently often enough to provide real diversification benefit when combined.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.59 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.69 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.75 |
Correlation (All Time) Calculated using the full available price history since Nov 13, 2019 | 0.74 |
The correlation between FNGS and SOXX shifts across timeframes, from 0.59 (1 year) to 0.75 (5 years), reflecting how their relationship changes across market environments.
FNGS vs. SOXX - Sectors Allocation Comparison
Sectors
FNGS
SOXX
Technology
Communication Services
-
Consumer Cyclical
-
Financial Services
-
Basic Materials
-
-
Consumer Defensive
-
-
Energy
-
-
Healthcare
-
-
Industrials
-
-
Real Estate
-
-
Utilities
-
-
Technology
FNGS
SOXX
Communication Services
FNGS
SOXX
-
Consumer Cyclical
FNGS
SOXX
-
Financial Services
FNGS
SOXX
-
Basic Materials
FNGS
-
SOXX
-
Consumer Defensive
FNGS
-
SOXX
-
Energy
FNGS
-
SOXX
-
Healthcare
FNGS
-
SOXX
-
Industrials
FNGS
-
SOXX
-
Real Estate
FNGS
-
SOXX
-
Utilities
FNGS
-
SOXX
-
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Return for Risk
FNGS vs. SOXX — Risk / Return Rank
FNGS
SOXX
FNGS vs. SOXX - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for MicroSectors FANG+ ETN (FNGS) and iShares Semiconductor ETF (SOXX). 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 | SOXX | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -3.64 | ||
| Sortino ratioReturn per unit of downside risk | -3.19 | ||
| Omega ratioGain probability vs. loss probability | 1.15 | 1.62 | -0.47 |
| Calmar ratioReturn relative to maximum drawdown | 0.75 | 10.50 | -9.75 |
| Martin ratioReturn relative to average drawdown | 2.12 | 38.20 | -36.08 |
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Drawdowns
FNGS vs. SOXX - Drawdown Comparison
The maximum FNGS drawdown since its inception was -48.98%, smaller than the maximum SOXX drawdown of -70.21%. Use the drawdown chart below to compare losses from any high point for FNGS and SOXX.
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Drawdown Indicators
| FNGS | SOXX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -48.98% | -70.21% | +21.23% |
Max Drawdown (1Y)Largest decline over 1 year | -22.93% | -15.77% | -7.16% |
Max Drawdown (3Y)Largest decline over 3 years | -26.77% | -41.36% | +14.59% |
Max Drawdown (5Y)Largest decline over 5 years | -48.98% | -45.75% | -3.23% |
Max Drawdown (10Y)Largest decline over 10 years | — | -45.75% | — |
Current DrawdownCurrent decline from peak | -9.63% | -3.16% | -6.47% |
Average DrawdownAverage peak-to-trough decline | -10.85% | -19.95% | +9.10% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 8.05% | 4.33% | +3.72% |
Volatility
FNGS vs. SOXX - Volatility Comparison
The current volatility for MicroSectors FANG+ ETN (FNGS) is 8.74%, while iShares Semiconductor ETF (SOXX) has a volatility of 19.42%. This indicates that FNGS experiences smaller price fluctuations and is considered to be less risky than SOXX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| FNGS | SOXX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 8.74% | 19.42% | -10.68% |
Volatility (6M)Calculated over the trailing 6-month period | 17.19% | 31.46% | -14.27% |
Volatility (1Y)Calculated over the trailing 1-year period | 21.65% | 37.35% | -15.70% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 30.10% | 36.73% | -6.63% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 31.17% | 33.77% | -2.60% |
FNGS vs. SOXX - Expense Ratio Comparison
FNGS has a 0.58% expense ratio, which is higher than SOXX's 0.34% expense ratio.
Dividends
FNGS vs. SOXX - Dividend Comparison
FNGS has not paid dividends to shareholders, while SOXX's dividend yield for the trailing twelve months is around 0.28%.
| Position | 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% |
SOXX iShares Semiconductor ETF | 0.28% | 0.57% | 0.67% | 0.78% | 1.26% | 0.64% | 0.81% | 1.23% | 1.37% | 0.90% | 1.08% | 1.29% |
Frequently Asked Questions
FNGS and SOXX have a correlation of 0.59, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
SOXX has higher volatility (19.42%) compared to FNGS (8.74%). In terms of maximum drawdown, FNGS dropped -48.98% vs SOXX's -70.21%.
On 5-year performance, SOXX leads with 33.69% vs 19.76% for FNGS. On fees, SOXX is cheaper at 0.34% 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, SOXX has performed better with a 33.69% return vs 19.76%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.
SOXX is cheaper with a 0.34% expense ratio, compared with 0.58% for FNGS.
SOXX has the higher dividend yield at 0.28%, compared with 0.00% for FNGS.
FNGS is categorized as Large Cap Growth Equities, while SOXX is Semiconductors. FNGS tracks NYSE FANG+ Index, while SOXX tracks NYSE Semiconductor Index. They also come from different issuers: BMO and iShares. Their fees differ too: 0.58% for FNGS and 0.34% for SOXX.
SOXX currently has the higher Sharpe Ratio (4.43 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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