FNGS vs. WUGI

Last updated Jun 13, 2026

FNGS (MicroSectors FANG+ ETN) and WUGI (Esoterica NextG Economy ETF) are both Large Cap Growth Equities funds. FNGS is passively managed, while WUGI is actively managed. Over the past 5 years, FNGS returned 19.76%/yr vs 16.13%/yr for WUGI. Their correlation of 0.87 suggests significant overlap in exposure. FNGS charges 0.58%/yr vs 0.75%/yr for WUGI.

Performance

FNGS vs. WUGI - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in MicroSectors FANG+ ETN (FNGS) and Esoterica NextG Economy ETF (WUGI). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, FNGS achieves a 6.79% return, which is significantly lower than WUGI's 23.35% return.

FNGS

• 1D: -0.94%
• 1M: -3.20%
• YTD: 6.79%
• 6M: 4.25%
• 1Y: 17.02%
• 3Y*: 29.80%
• 5Y*: 19.76%
• 10Y*: —

WUGI

• 1D: 1.10%
• 1M: 5.98%
• YTD: 23.35%
• 6M: 25.24%
• 1Y: 38.78%
• 3Y*: 33.73%
• 5Y*: 16.13%
• 10Y*: —

*Multi-year figures are annualized to reflect compound growth (CAGR)

FNGS vs. WUGI - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020
FNGS MicroSectors FANG+ ETN	6.79%	18.64%	51.99%	95.24%	-40.32%	16.96%	111.74%
WUGI Esoterica NextG Economy ETF	23.35%	22.66%	47.14%	61.30%	-49.55%	25.18%	97.36%

Correlation

The correlation between FNGS and WUGI is 0.80, 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	0.80
Correlation (3Y) Calculated over the trailing 3-year period	0.85
Correlation (5Y) Calculated over the trailing 5-year period	0.89
Correlation (All Time) Calculated using the full available price history since Mar 31, 2020	0.87

The correlation between FNGS and WUGI has been stable across timeframes, ranging from 0.80 to 0.89 - a consistent structural relationship.

FNGS vs. WUGI - Sectors Allocation Comparison

Sectors	FNGS	WUGI
Technology	59.9%	70.5%
Communication Services	28.8%	12.1%
Consumer Cyclical	11.3%	6.3%
Financial Services	10.0%	1.8%
Basic Materials	-	0.0%
Consumer Defensive	-	0.1%
Energy	-	0.0%
Healthcare	-	0.2%
Industrials	-	9.3%
Real Estate	-	0.1%
Utilities	-	-

Return for Risk

FNGS vs. WUGI — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.

FNGS

FNGS Risk / Return Rank: 23
FNGS Sharpe Ratio Rank: 25
FNGS Sortino Ratio Rank: 24
FNGS Omega Ratio Rank: 24
FNGS Calmar Ratio Rank: 20
FNGS Martin Ratio Rank: 20

WUGI

WUGI Risk / Return Rank: 49
WUGI Sharpe Ratio Rank: 51
WUGI Sortino Ratio Rank: 47
WUGI Omega Ratio Rank: 49
WUGI Calmar Ratio Rank: 49
WUGI Martin Ratio Rank: 47

The rank (0–100) shows how this investment's returns compare to the risk taken. Higher = better. Based on the past 12 months of data, combining Sharpe, Sortino, and other metrics used by quantitative funds and institutional investors.

FNGS vs. WUGI - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for MicroSectors FANG+ ETN (FNGS) and Esoterica NextG Economy ETF (WUGI). 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	WUGI	Difference
Sharpe ratio: Return per unit of total volatility	0.79	1.54	-0.75
Sortino ratio: Return per unit of downside risk	1.19	2.08	-0.89
Omega ratio: Gain probability vs. loss probability	1.15	1.28	-0.13
Calmar ratio: Return relative to maximum drawdown	0.75	2.17	-1.42
Martin ratio: Return relative to average drawdown	2.12	7.02	-4.90

FNGS vs. WUGI - Sharpe Ratio Comparison

The current FNGS Sharpe Ratio is 0.79, which is lower than the WUGI Sharpe Ratio of 1.54. The chart below compares the historical Sharpe Ratios of FNGS and WUGI, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

Drawdowns

FNGS vs. WUGI - Drawdown Comparison

The maximum FNGS drawdown since its inception was -48.98%, smaller than the maximum WUGI drawdown of -56.41%. Use the drawdown chart below to compare losses from any high point for FNGS and WUGI.

Drawdown Indicators

	FNGS	WUGI	Difference
Max Drawdown Largest peak-to-trough decline	-48.98%	-56.41%	+7.43%
Max Drawdown (1Y) Largest decline over 1 year	-22.93%	-17.99%	-4.94%
Max Drawdown (3Y) Largest decline over 3 years	-26.77%	-27.49%	+0.72%
Max Drawdown (5Y) Largest decline over 5 years	-48.98%	-56.41%	+7.43%
Current Drawdown Current decline from peak	-9.63%	-3.98%	-5.65%
Average Drawdown Average peak-to-trough decline	-10.85%	-16.61%	+5.76%
Ulcer Index Depth and duration of drawdowns from previous peaks	8.05%	5.54%	+2.51%

Volatility

FNGS vs. WUGI - Volatility Comparison

The current volatility for MicroSectors FANG+ ETN (FNGS) is 8.74%, while Esoterica NextG Economy ETF (WUGI) has a volatility of 13.03%. This indicates that FNGS experiences smaller price fluctuations and is considered to be less risky than WUGI based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	FNGS	WUGI	Difference
Volatility (1M) Calculated over the trailing 1-month period	8.74%	13.03%	-4.29%
Volatility (6M) Calculated over the trailing 6-month period	17.19%	22.14%	-4.95%
Volatility (1Y) Calculated over the trailing 1-year period	21.65%	25.36%	-3.71%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	30.10%	31.07%	-0.97%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	31.17%	31.09%	+0.08%

FNGS vs. WUGI - Expense Ratio Comparison

FNGS has a 0.58% expense ratio, which is lower than WUGI's 0.75% expense ratio.

Dividends

FNGS vs. WUGI - Dividend Comparison

FNGS has not paid dividends to shareholders, while WUGI's dividend yield for the trailing twelve months is around 18.51%.

Position	TTM	2025	2024
FNGS MicroSectors FANG+ ETN	0.00%	0.00%	0.00%
WUGI Esoterica NextG Economy ETF	18.51%	22.83%	4.09%

Frequently Asked Questions

Can I hold both FNGS and WUGI in my portfolio?

FNGS and WUGI have a correlation of 0.80, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, FNGS or WUGI?

WUGI has higher volatility (13.03%) compared to FNGS (8.74%). In terms of maximum drawdown, FNGS dropped -48.98% vs WUGI's -56.41%.

Which ETF is better, FNGS or WUGI?

On 5-year performance, FNGS leads with 19.76% vs 16.13% for WUGI. On fees, FNGS is cheaper at 0.58% 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.

Which ETF has performed better, FNGS or WUGI?

Over the 5-year period, FNGS has performed better with a 19.76% return vs 16.13%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.

Which ETF is cheaper, FNGS or WUGI?

FNGS is cheaper with a 0.58% expense ratio, compared with 0.75% for WUGI.

Which ETF pays a higher dividend yield, FNGS or WUGI?

WUGI has the higher dividend yield at 18.51%, compared with 0.00% for FNGS.

What is the main difference between FNGS and WUGI?

They also come from different issuers: BMO and Esoterica. Their fees differ too: 0.58% for FNGS and 0.75% for WUGI.

Which has better risk-adjusted returns?

WUGI currently has the higher Sharpe Ratio (1.54 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.