FNGU vs. BITQ
Compare and contrast key facts about MicroSectors FANG+™ Index 3X Leveraged ETN (FNGU) and Bitwise Crypto Industry Innovators ETF (BITQ).
FNGU and BITQ are both exchange-traded funds (ETFs), meaning they are traded on stock exchanges and can be bought and sold throughout the day. FNGU is a passively managed fund by Bank of Montreal that tracks the performance of the NYSE FANG (TR) (300%). It was launched on Jan 22, 2018. BITQ is a passively managed fund by Exchange Traded Concepts that tracks the performance of the Bitwise Crypto Innovators 30 Total Return. It was launched on May 11, 2021. Both FNGU and BITQ are passive ETFs, meaning that they are not actively managed but aim to replicate the performance of the underlying index as closely as possible.
Performance
FNGU vs. BITQ - Performance Comparison
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FNGU vs. BITQ - Yearly Performance Comparison
| 2026 (YTD) | 2025 | |
|---|---|---|
FNGU MicroSectors FANG+™ Index 3X Leveraged ETN | -35.43% | 4.24% |
BITQ Bitwise Crypto Industry Innovators ETF | -5.92% | 11.84% |
Returns By Period
In the year-to-date period, FNGU achieves a -35.43% return, which is significantly lower than BITQ's -5.92% return.
FNGU
- 1D
- 4.35%
- 1M
- -14.02%
- YTD
- -35.43%
- 6M
- -44.05%
- 1Y
- 17.93%
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
BITQ
- 1D
- -0.58%
- 1M
- -8.31%
- YTD
- -5.92%
- 6M
- -26.36%
- 1Y
- 47.29%
- 3Y*
- 48.40%
- 5Y*
- —
- 10Y*
- —
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FNGU vs. BITQ - Expense Ratio Comparison
FNGU has a 0.95% expense ratio, which is higher than BITQ's 0.85% expense ratio.
Return for Risk
FNGU vs. BITQ — Risk / Return Rank
FNGU
BITQ
FNGU vs. BITQ - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for MicroSectors FANG+™ Index 3X Leveraged ETN (FNGU) and Bitwise Crypto Industry Innovators ETF (BITQ). 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.
| FNGU | BITQ | Difference | |
|---|---|---|---|
Sharpe ratioReturn per unit of total volatility | 0.23 | 0.81 | -0.58 |
Sortino ratioReturn per unit of downside risk | 0.92 | 1.45 | -0.53 |
Omega ratioGain probability vs. loss probability | 1.12 | 1.17 | -0.04 |
Calmar ratioReturn relative to maximum drawdown | 0.38 | 1.21 | -0.83 |
Martin ratioReturn relative to average drawdown | 1.00 | 2.74 | -1.74 |
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month. | |||
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Sharpe Ratios by Period
| FNGU | BITQ | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 0.23 | 0.81 | -0.58 |
Sharpe Ratio (All Time)Calculated using the full available price history | -0.37 | -0.05 | -0.32 |
Correlation
The correlation between FNGU and BITQ is 0.60, which is considered to be moderate. This suggests that the two assets have some degree of positive relationship in their price movements. Moderate correlation can be acceptable for portfolio diversification, offering a balance between risk and potential returns.
Dividends
FNGU vs. BITQ - Dividend Comparison
Neither FNGU nor BITQ has paid dividends to shareholders.
| TTM | 2025 | 2024 | 2023 | 2022 | 2021 | |
|---|---|---|---|---|---|---|
FNGU MicroSectors FANG+™ Index 3X Leveraged ETN | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
BITQ Bitwise Crypto Industry Innovators ETF | 0.00% | 0.00% | 0.90% | 1.51% | 0.00% | 3.12% |
Drawdowns
FNGU vs. BITQ - Drawdown Comparison
The maximum FNGU drawdown since its inception was -60.84%, smaller than the maximum BITQ drawdown of -90.32%. Use the drawdown chart below to compare losses from any high point for FNGU and BITQ.
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Drawdown Indicators
| FNGU | BITQ | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -60.84% | -90.32% | +29.48% |
Max Drawdown (1Y)Largest decline over 1 year | -59.55% | -44.99% | -14.56% |
Current DrawdownCurrent decline from peak | -51.94% | -42.16% | -9.78% |
Average DrawdownAverage peak-to-trough decline | -21.87% | -53.86% | +31.99% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 22.51% | 19.87% | +2.64% |
Volatility
FNGU vs. BITQ - Volatility Comparison
MicroSectors FANG+™ Index 3X Leveraged ETN (FNGU) has a higher volatility of 24.03% compared to Bitwise Crypto Industry Innovators ETF (BITQ) at 17.63%. This indicates that FNGU's price experiences larger fluctuations and is considered to be riskier than BITQ based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| FNGU | BITQ | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 24.03% | 17.63% | +6.40% |
Volatility (6M)Calculated over the trailing 6-month period | 44.97% | 45.99% | -1.02% |
Volatility (1Y)Calculated over the trailing 1-year period | 77.71% | 58.97% | +18.74% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 80.80% | 67.77% | +13.03% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 80.80% | 67.77% | +13.03% |