FNGU vs. BRKL

Last updated Aug 5, 2026

FNGU (MicroSectors FANG+ 3X Leveraged ETNs) and BRKL (Corgi BRKB 2x Daily ETF) are both Leveraged Equities funds. FNGU is passively managed, while BRKL is actively managed. Their -0.15 correlation means they have often moved in opposite directions in the past. FNGU charges 2.60%/yr vs 0.45%/yr for BRKL.

Performance

FNGU vs. BRKL - Performance Comparison

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

Returns By Period

FNGU

• 1D: 13.28%
• 1M: 23.29%
• 6M: 51.91%
• YTD: 29.30%
• 1Y: 31.91%
• 3Y*: —
• 5Y*: —
• 10Y*: —
• ALL TIME*: 21.84%

BRKL

• 1D: 0.36%
• 1M: —
• 6M: —
• YTD: —
• 1Y: —
• 3Y*: —
• 5Y*: —
• 10Y*: —
• ALL TIME*: —

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

Liquidity Comparison

Position	Avg. Volume Value (2W)	Avg. Volume Value (1M)	Avg. Volume Value (3M)
BRKL Corgi BRKB 2x Daily ETF	$2.37K	$14.77K	$14.77K
FNGU MicroSectors FANG+ 3X Leveraged ETNs	$124.87M	$122.34M	$155.63M

FNGU vs. BRKL - Yearly Performance Comparison

	2026 (YTD)
FNGU MicroSectors FANG+ 3X Leveraged ETNs	19.24%
BRKL Corgi BRKB 2x Daily ETF	1.84%

Correlation

The correlation between FNGU and BRKL is -0.15, meaning they have often moved in opposite directions in the past. This relationship can weaken or reverse as market conditions change.

	Correlation
Correlation (All Time) Calculated using the full available price history since Jul 7, 2026	-0.15

Return for Risk

FNGU vs. BRKL — Risk / Return Rank

Compare historical risk-adjusted metric ranks over the past 12 months.

FNGU

FNGU Risk / Return Rank: 22
FNGU Sharpe Ratio Rank: 20
FNGU Sortino Ratio Rank: 27
FNGU Omega Ratio Rank: 26
FNGU Calmar Ratio Rank: 19
FNGU Martin Ratio Rank: 18

BRKL

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

The rank (0–100) uses a weighted average of the Sharpe, Sortino, Omega, Calmar, and Martin percentile ranks for the trailing 12 months. Higher means stronger historical risk-adjusted performance within the peer group.

FNGU vs. BRKL - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for MicroSectors FANG+ 3X Leveraged ETNs (FNGU) and Corgi BRKB 2x Daily ETF (BRKL). 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	BRKL	Difference
Sharpe ratio: Return per unit of total volatility	0.48	—	—
Sortino ratio: Return per unit of downside risk	1.09	—	—
Omega ratio: Gain probability vs. loss probability	1.13	—	—
Calmar ratio: Return relative to maximum drawdown	0.54	—	—
Martin ratio: Return relative to average drawdown	1.20	—	—

Drawdowns

FNGU vs. BRKL - Drawdown Comparison

The maximum FNGU drawdown since its inception was -61.30%, which is greater than BRKL's maximum drawdown of -7.03%. Use the drawdown chart below to compare losses from any high point for FNGU and BRKL.

Drawdown Indicators

	FNGU	BRKL	Difference
Max Drawdown Largest peak-to-trough decline	-61.30%	-7.03%	-54.27%
Max Drawdown (1Y) Largest decline over 1 year	-59.55%	—	—
Current Drawdown Current decline from peak	-9.65%	0.00%	-9.65%
Average Drawdown Average peak-to-trough decline	-22.57%	-3.93%	-18.64%
Ulcer Index Depth and duration of drawdowns from previous peaks	26.71%	—	—

Volatility

Volatility by Period

	FNGU	BRKL	Difference
Volatility (1M) Calculated over the trailing 1-month period	22.79%	—	—
Volatility (6M) Calculated over the trailing 6-month period	55.65%	—	—
Volatility (1Y) Calculated over the trailing 1-year period	67.12%	30.17%	+36.95%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	80.47%	30.17%	+50.30%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	80.47%	30.17%	+50.30%

FNGU vs. BRKL - Expense Ratio Comparison

FNGU has a 2.60% expense ratio, which is higher than BRKL's 0.45% expense ratio.

Dividends

FNGU vs. BRKL - Dividend Comparison

Neither FNGU nor BRKL has paid dividends to shareholders.

Tickers have no history of dividend payments

Frequently Asked Questions

Can I hold both FNGU and BRKL in my portfolio?

FNGU and BRKL have a correlation of -0.15, 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 BRKL?

On fees, BRKL is cheaper at 0.45% per year. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF is cheaper, FNGU or BRKL?

BRKL is cheaper with a 0.45% expense ratio, compared with 2.60% for FNGU.

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

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

What is the main difference between FNGU and BRKL?

They also come from different issuers: BMO and Corgi. Their fees differ too: 2.60% for FNGU and 0.45% for BRKL.