FNGU vs. FNGG
Compare and contrast key facts about MicroSectors FANG+™ Index 3X Leveraged ETN (FNGU) and Direxion Daily NYSE FANG+ Bull 2X Shares (FNGG).
FNGU and FNGG 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. FNGG is a passively managed fund by Direxion that tracks the performance of the NYSE FANG+ Index (2x Leveraged). It was launched on Sep 30, 2021. Both FNGU and FNGG 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 FNGG.
Correlation
The correlation between FNGU and FNGG is 0.20, which is considered to be low. This implies their price changes are not closely related. A low correlation is generally favorable for portfolio diversification, as it helps to reduce overall risk by spreading it across multiple assets with different performance patterns.
Performance
FNGU vs. FNGG - Performance Comparison
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Key characteristics
FNGU:
11.40%
FNGG:
40.65%
FNGU:
-1.15%
FNGG:
-3.08%
FNGU:
-0.53%
FNGG:
-3.08%
Returns By Period
FNGU
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FNGG
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FNGU vs. FNGG - Expense Ratio Comparison
FNGU has a 0.95% expense ratio, which is lower than FNGG's 0.98% expense ratio.
Risk-Adjusted Performance
FNGU vs. FNGG — Risk-Adjusted Performance Rank
FNGU
FNGG
FNGU vs. FNGG - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for MicroSectors FANG+™ Index 3X Leveraged ETN (FNGU) and Direxion Daily NYSE FANG+ Bull 2X Shares (FNGG). 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.
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Dividends
FNGU vs. FNGG - Dividend Comparison
Neither FNGU nor FNGG has paid dividends to shareholders.
Drawdowns
FNGU vs. FNGG - Drawdown Comparison
The maximum FNGU drawdown since its inception was -1.15%, smaller than the maximum FNGG drawdown of -3.08%. Use the drawdown chart below to compare losses from any high point for FNGU and FNGG. For additional features, visit the drawdowns tool.
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Volatility
FNGU vs. FNGG - Volatility Comparison
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