FNGS vs. XLE
FNGS (MicroSectors FANG+ ETN) and XLE (State Street Energy Select Sector SPDR ETF) are both exchange-traded funds - FNGS is a Large Cap Growth Equities fund tracking the NYSE FANG+ Index, while XLE is a Energy Equities fund tracking the Energy Select Sector Index. Both are passively managed. Over the past 5 years, FNGS returned 19.76%/yr vs 20.12%/yr for XLE. At a 0.15 correlation, their price movements are largely independent. FNGS charges 0.58%/yr vs 0.08%/yr for XLE.
Performance
FNGS vs. XLE - 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 XLE's 29.56% return.
FNGS
- 1D
- -0.94%
- 1M
- -3.20%
- YTD
- 6.79%
- 6M
- 4.25%
- 1Y
- 17.02%
- 3Y*
- 29.80%
- 5Y*
- 19.76%
- 10Y*
- —
XLE
- 1D
- 0.75%
- 1M
- -0.14%
- YTD
- 29.56%
- 6M
- 28.37%
- 1Y
- 37.19%
- 3Y*
- 16.18%
- 5Y*
- 20.12%
- 10Y*
- 9.91%
FNGS vs. XLE - 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% |
XLE State Street Energy Select Sector SPDR ETF | 29.56% | 7.88% | 5.56% | -0.63% | 64.32% | 53.28% | -32.67% | 4.00% |
Correlation
The correlation between FNGS and XLE is -0.19, meaning they tend to move in opposite directions. This is especially valuable for risk management - when one declines, the other has historically tended to hold steady or rise.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | -0.19 |
Correlation (3Y) Calculated over the trailing 3-year period | -0.01 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.11 |
Correlation (All Time) Calculated using the full available price history since Nov 13, 2019 | 0.15 |
The correlation between FNGS and XLE shifts across timeframes, from -0.19 (1 year) to 0.15 (all time), reflecting how their relationship changes across market environments.
FNGS vs. XLE - Sectors Allocation Comparison
Sectors
FNGS
XLE
Technology
-
Communication Services
-
Consumer Cyclical
-
Financial Services
-
Basic Materials
-
-
Consumer Defensive
-
-
Energy
-
Healthcare
-
-
Industrials
-
-
Real Estate
-
-
Utilities
-
-
Technology
FNGS
XLE
-
Communication Services
FNGS
XLE
-
Consumer Cyclical
FNGS
XLE
-
Financial Services
FNGS
XLE
-
Basic Materials
FNGS
-
XLE
-
Consumer Defensive
FNGS
-
XLE
-
Energy
FNGS
-
XLE
Healthcare
FNGS
-
XLE
-
Industrials
FNGS
-
XLE
-
Real Estate
FNGS
-
XLE
-
Utilities
FNGS
-
XLE
-
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Return for Risk
FNGS vs. XLE — Risk / Return Rank
FNGS
XLE
FNGS vs. XLE - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for MicroSectors FANG+ ETN (FNGS) and State Street Energy Select Sector SPDR ETF (XLE). 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 | XLE | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -1.03 | ||
| Sortino ratioReturn per unit of downside risk | -1.22 | ||
| Omega ratioGain probability vs. loss probability | 1.15 | 1.30 | -0.15 |
| Calmar ratioReturn relative to maximum drawdown | 0.75 | 3.10 | -2.35 |
| Martin ratioReturn relative to average drawdown | 2.12 | 8.63 | -6.52 |
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Drawdowns
FNGS vs. XLE - Drawdown Comparison
The maximum FNGS drawdown since its inception was -48.98%, smaller than the maximum XLE drawdown of -71.26%. Use the drawdown chart below to compare losses from any high point for FNGS and XLE.
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Drawdown Indicators
| FNGS | XLE | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -48.98% | -71.26% | +22.28% |
Max Drawdown (1Y)Largest decline over 1 year | -22.93% | -12.05% | -10.88% |
Max Drawdown (3Y)Largest decline over 3 years | -26.77% | -20.14% | -6.63% |
Max Drawdown (5Y)Largest decline over 5 years | -48.98% | -26.04% | -22.94% |
Max Drawdown (10Y)Largest decline over 10 years | — | -66.81% | — |
Current DrawdownCurrent decline from peak | -9.63% | -8.01% | -1.62% |
Average DrawdownAverage peak-to-trough decline | -10.85% | -17.97% | +7.12% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 8.05% | 4.32% | +3.73% |
Volatility
FNGS vs. XLE - Volatility Comparison
MicroSectors FANG+ ETN (FNGS) has a higher volatility of 8.74% compared to State Street Energy Select Sector SPDR ETF (XLE) at 7.26%. This indicates that FNGS's price experiences larger fluctuations and is considered to be riskier than XLE based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| FNGS | XLE | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 8.74% | 7.26% | +1.48% |
Volatility (6M)Calculated over the trailing 6-month period | 17.19% | 16.79% | +0.40% |
Volatility (1Y)Calculated over the trailing 1-year period | 21.65% | 20.57% | +1.08% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 30.10% | 26.05% | +4.05% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 31.17% | 29.58% | +1.59% |
FNGS vs. XLE - Expense Ratio Comparison
FNGS has a 0.58% expense ratio, which is higher than XLE's 0.08% expense ratio.
Dividends
FNGS vs. XLE - Dividend Comparison
FNGS has not paid dividends to shareholders, while XLE's dividend yield for the trailing twelve months is around 2.59%.
| 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% |
XLE State Street Energy Select Sector SPDR ETF | 2.59% | 3.28% | 3.36% | 3.55% | 3.68% | 4.21% | 5.62% | 6.72% | 3.54% | 3.03% | 2.26% | 3.39% |
Frequently Asked Questions
FNGS and XLE have a correlation of -0.19, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
FNGS has higher volatility (8.74%) compared to XLE (7.26%). In terms of maximum drawdown, FNGS dropped -48.98% vs XLE's -71.26%.
On 5-year performance, XLE leads with 20.12% vs 19.76% for FNGS. On fees, XLE is cheaper at 0.08% per year. On volatility, XLE has been the lower-risk option at 7.26%. The better choice depends on whether you care most about return, fees, risk, or income.
Over the 5-year period, XLE has performed better with a 20.12% return vs 19.76%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.
XLE is cheaper with a 0.08% expense ratio, compared with 0.58% for FNGS.
XLE has the higher dividend yield at 2.59%, compared with 0.00% for FNGS.
FNGS is categorized as Large Cap Growth Equities, while XLE is Energy Equities. FNGS tracks NYSE FANG+ Index, while XLE tracks Energy Select Sector Index. They also come from different issuers: BMO and State Street. Their fees differ too: 0.58% for FNGS and 0.08% for XLE.
XLE currently has the higher Sharpe Ratio (1.82 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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