FNGU vs. FNGD
Compare and contrast key facts about MicroSectors FANG+™ Index 3X Leveraged ETN (FNGU) and MicroSectors FANG+™ Index -3X Inverse Leveraged ETN (FNGD).
FNGU and FNGD 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. FNGD is a passively managed fund by BMO Financial Group that tracks the performance of the NYSE FANG+ Index (-300%). It was launched on Jan 22, 2018. Both FNGU and FNGD are passive ETFs, meaning that they are not actively managed but aim to replicate the performance of the underlying index as closely as possible.
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: FNGU or FNGD.
Key characteristics
| FNGU | FNGD | |
|---|---|---|
| YTD Return | 105.08% | -69.57% |
| 1Y Return | 142.94% | -74.69% |
| 3Y Return (Ann) | 0.26% | -62.73% |
| 5Y Return (Ann) | 60.20% | -77.44% |
| Sharpe Ratio | 2.01 | -1.05 |
| Sortino Ratio | 2.35 | -2.15 |
| Omega Ratio | 1.31 | 0.77 |
| Calmar Ratio | 2.33 | -0.75 |
| Martin Ratio | 8.29 | -1.35 |
| Ulcer Index | 17.27% | 55.37% |
| Daily Std Dev | 71.36% | 71.24% |
| Max Drawdown | -92.34% | -99.98% |
| Current Drawdown | -14.64% | -99.98% |
Correlation
The correlation between FNGU and FNGD is -0.99. This indicates that the assets' prices tend to move in opposite directions. Negative correlation can be particularly beneficial for diversification and risk management, as one asset may offset the losses of the other during market fluctuations.
Performance
FNGU vs. FNGD - Performance Comparison
In the year-to-date period, FNGU achieves a 105.08% return, which is significantly higher than FNGD's -69.57% return. The chart below displays the growth of a $10,000 investment in both assets, with all prices adjusted for splits and dividends.
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FNGU vs. FNGD - Expense Ratio Comparison
Both FNGU and FNGD have an expense ratio of 0.95%.
Risk-Adjusted Performance
FNGU vs. FNGD - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for MicroSectors FANG+™ Index 3X Leveraged ETN (FNGU) and MicroSectors FANG+™ Index -3X Inverse Leveraged ETN (FNGD). 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.
Dividends
FNGU vs. FNGD - Dividend Comparison
Neither FNGU nor FNGD has paid dividends to shareholders.
Drawdowns
FNGU vs. FNGD - Drawdown Comparison
The maximum FNGU drawdown since its inception was -92.34%, smaller than the maximum FNGD drawdown of -99.98%. Use the drawdown chart below to compare losses from any high point for FNGU and FNGD. For additional features, visit the drawdowns tool.
Volatility
FNGU vs. FNGD - Volatility Comparison
MicroSectors FANG+™ Index 3X Leveraged ETN (FNGU) has a higher volatility of 21.12% compared to MicroSectors FANG+™ Index -3X Inverse Leveraged ETN (FNGD) at 19.87%. This indicates that FNGU's price experiences larger fluctuations and is considered to be riskier than FNGD based on this measure. The chart below showcases a comparison of their rolling one-month volatility.