Correlation
The correlation between FNGU and FNGG is 0.83, which is considered to be high. That indicates a strong positive relationship between their price movements. Having highly-correlated positions in a portfolio may signal a lack of diversification, potentially leading to increased risk during market downturns.
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.
Performance
FNGU vs. FNGG - Performance Comparison
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Key characteristics
FNGU:
0.25
FNGG:
0.86
FNGU:
0.92
FNGG:
1.36
FNGU:
1.12
FNGG:
1.18
FNGU:
0.28
FNGG:
0.73
FNGU:
0.64
FNGG:
2.61
FNGU:
27.62%
FNGG:
18.19%
FNGU:
93.18%
FNGG:
64.54%
FNGU:
-92.34%
FNGG:
-91.33%
FNGU:
-37.57%
FNGG:
-39.40%
Returns By Period
In the year-to-date period, FNGU achieves a -25.65% return, which is significantly lower than FNGG's 4.23% return.
FNGU
-25.65%
-2.11%
-17.22%
26.49%
82.06%
41.24%
N/A
FNGG
4.23%
17.57%
12.10%
55.06%
50.15%
N/A
N/A
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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
FNGU has not paid dividends to shareholders, while FNGG's dividend yield for the trailing twelve months is around 0.90%.
| TTM | 2024 | 2023 | 2022 | 2021 | |
|---|---|---|---|---|---|
FNGU MicroSectors FANG+™ Index 3X Leveraged ETN | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
FNGG Direxion Daily NYSE FANG+ Bull 2X Shares | 0.90% | 0.79% | 0.88% | 0.00% | 4.99% |
Drawdowns
FNGU vs. FNGG - Drawdown Comparison
The maximum FNGU drawdown since its inception was -92.34%, roughly equal to the maximum FNGG drawdown of -91.33%. Use the drawdown chart below to compare losses from any high point for FNGU and FNGG.
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Volatility
FNGU vs. FNGG - Volatility Comparison
The current volatility for MicroSectors FANG+™ Index 3X Leveraged ETN (FNGU) is 10.08%, while Direxion Daily NYSE FANG+ Bull 2X Shares (FNGG) has a volatility of 12.56%. This indicates that FNGU experiences smaller price fluctuations and is considered to be less risky than FNGG based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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