FNGU vs. BEG

Last updated Jun 24, 2026

FNGU (MicroSectors FANG+ 3X Leveraged ETNs) and BEG (Leverage Shares 2X Long BE Daily ETF) are both Leveraged Equities funds. FNGU is passively managed, while BEG is actively managed. At a 0.35 correlation, their price movements are largely independent. FNGU charges 2.60%/yr vs 0.75%/yr for BEG.

Performance

FNGU vs. BEG - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in MicroSectors FANG+ 3X Leveraged ETNs (FNGU) and Leverage Shares 2X Long BE Daily ETF (BEG). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, FNGU achieves a -0.99% return, which is significantly lower than BEG's 658.88% return.

FNGU

• 1D: -7.64%
• 1M: -12.95%
• YTD: -0.99%
• 6M: -5.84%
• 1Y: 17.53%
• 3Y*: —
• 5Y*: —
• 10Y*: —

BEG

• 1D: -13.66%
• 1M: 4.00%
• YTD: 658.88%
• 6M: 577.94%
• 1Y: —
• 3Y*: —
• 5Y*: —
• 10Y*: —

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

FNGU vs. BEG - Yearly Performance Comparison

	2026 (YTD)	2025
FNGU MicroSectors FANG+ 3X Leveraged ETNs	-0.99%	0.08%
BEG Leverage Shares 2X Long BE Daily ETF	658.88%	1.77%

Correlation

The correlation between FNGU and BEG is 0.35, which is low. Their price movements are largely independent, making them effective diversification partners.

	Correlation
Correlation (All Time) Calculated using the full available price history since Dec 16, 2025	0.35

Return for Risk

FNGU vs. BEG — Risk / Return Rank

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

FNGU

FNGU Risk / Return Rank: 13
FNGU Sharpe Ratio Rank: 12
FNGU Sortino Ratio Rank: 16
FNGU Omega Ratio Rank: 16
FNGU Calmar Ratio Rank: 12
FNGU Martin Ratio Rank: 12

BEG

Risk / return metrics aren't available yet — we need at least 12 months of trading data to calculate them.

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.

FNGU vs. BEG - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for MicroSectors FANG+ 3X Leveraged ETNs (FNGU) and Leverage Shares 2X Long BE Daily ETF (BEG). 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.

	FNGU	BEG	Difference
Sharpe ratio: Return per unit of total volatility	0.27	—	—
Sortino ratio: Return per unit of downside risk	0.81	—	—
Omega ratio: Gain probability vs. loss probability	1.10	—	—
Calmar ratio: Return relative to maximum drawdown	0.30	—	—
Martin ratio: Return relative to average drawdown	0.70	—	—

Drawdowns

FNGU vs. BEG - Drawdown Comparison

The maximum FNGU drawdown since its inception was -61.30%, roughly equal to the maximum BEG drawdown of -59.85%. Use the drawdown chart below to compare losses from any high point for FNGU and BEG.

Drawdown Indicators

	FNGU	BEG	Difference
Max Drawdown Largest peak-to-trough decline	-61.30%	-59.85%	-1.45%
Max Drawdown (1Y) Largest decline over 1 year	-59.55%	—	—
Current Drawdown Current decline from peak	-30.82%	-13.66%	-17.16%
Average Drawdown Average peak-to-trough decline	-22.27%	-16.74%	-5.53%
Ulcer Index Depth and duration of drawdowns from previous peaks	25.17%	—	—

Volatility

Volatility by Period

	FNGU	BEG	Difference
Volatility (1M) Calculated over the trailing 1-month period	33.21%	—	—
Volatility (6M) Calculated over the trailing 6-month period	52.56%	—	—
Volatility (1Y) Calculated over the trailing 1-year period	64.46%	212.91%	-148.45%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	81.18%	212.91%	-131.73%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	81.18%	212.91%	-131.73%

FNGU vs. BEG - Expense Ratio Comparison

FNGU has a 2.60% expense ratio, which is higher than BEG's 0.75% expense ratio.

Dividends

FNGU vs. BEG - Dividend Comparison

Neither FNGU nor BEG has paid dividends to shareholders.

Tickers have no history of dividend payments

Frequently Asked Questions

Can I hold both FNGU and BEG in my portfolio?

FNGU and BEG 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.

Which ETF is better, FNGU or BEG?

On fees, BEG is cheaper at 0.75% per year. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF is cheaper, FNGU or BEG?

BEG is cheaper with a 0.75% expense ratio, compared with 2.60% for FNGU.

Which ETF pays a higher dividend yield, FNGU or BEG?

FNGU and BEG have nearly identical dividend yields, around 0.00%.

What is the main difference between FNGU and BEG?

They also come from different issuers: Bank of Montreal and Leverage Shares. Their fees differ too: 2.60% for FNGU and 0.75% for BEG.