FNGS vs. SPY
Compare and contrast key facts about MicroSectors FANG+ ETN (FNGS) and SPDR S&P 500 ETF (SPY).
FNGS and SPY are both exchange-traded funds (ETFs), meaning they are traded on stock exchanges and can be bought and sold throughout the day. 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. SPY is a passively managed fund by State Street that tracks the performance of the S&P 500 Index. It was launched on Jan 22, 1993. Both FNGS and SPY are passive ETFs, meaning that they are not actively managed but aim to replicate the performance of the underlying index as closely as possible.
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: FNGS or SPY.
Key characteristics
| FNGS | SPY | |
|---|---|---|
| YTD Return | 37.92% | 23.55% |
| 1Y Return | 65.71% | 41.88% |
| 3Y Return (Ann) | 15.68% | 9.84% |
| Sharpe Ratio | 2.78 | 3.62 |
| Sortino Ratio | 3.37 | 4.77 |
| Omega Ratio | 1.46 | 1.68 |
| Calmar Ratio | 3.81 | 4.11 |
| Martin Ratio | 12.48 | 23.79 |
| Ulcer Index | 5.44% | 1.83% |
| Daily Std Dev | 24.46% | 12.04% |
| Max Drawdown | -48.98% | -55.19% |
| Current Drawdown | -2.05% | -0.48% |
Correlation
The correlation between FNGS and SPY is 0.78, 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. SPY - Performance Comparison
In the year-to-date period, FNGS achieves a 37.92% return, which is significantly higher than SPY's 23.55% 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. SPY - Expense Ratio Comparison
FNGS has a 0.58% expense ratio, which is higher than SPY's 0.09% expense ratio.
Risk-Adjusted Performance
FNGS vs. SPY - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for MicroSectors FANG+ ETN (FNGS) and SPDR S&P 500 ETF (SPY). 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. SPY - Dividend Comparison
FNGS has not paid dividends to shareholders, while SPY's dividend yield for the trailing twelve months is around 1.20%.
| 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% |
SPY SPDR S&P 500 ETF | 1.20% | 1.40% | 1.65% | 1.20% | 1.52% | 1.75% | 2.04% | 1.80% | 2.03% | 2.06% | 1.87% | 1.81% |
Drawdowns
FNGS vs. SPY - Drawdown Comparison
The maximum FNGS drawdown since its inception was -48.98%, smaller than the maximum SPY drawdown of -55.19%. Use the drawdown chart below to compare losses from any high point for FNGS and SPY. For additional features, visit the drawdowns tool.
Volatility
FNGS vs. SPY - Volatility Comparison
MicroSectors FANG+ ETN (FNGS) has a higher volatility of 5.88% compared to SPDR S&P 500 ETF (SPY) at 2.67%. This indicates that FNGS's price experiences larger fluctuations and is considered to be riskier than SPY based on this measure. The chart below showcases a comparison of their rolling one-month volatility.