FNGU vs. GDXU
Compare and contrast key facts about MicroSectors FANG+™ Index 3X Leveraged ETN (FNGU) and MicroSectors Gold Miners 3X Leveraged ETN (GDXU).
FNGU and GDXU 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. GDXU is a passively managed fund by BMO Financial Group that tracks the performance of the S-Network MicroSectors Gold Miners Index. It was launched on Dec 2, 2020. Both FNGU and GDXU 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 GDXU.
Key characteristics
| FNGU | GDXU | |
|---|---|---|
| YTD Return | 28.79% | 4.85% |
| 1Y Return | 229.31% | -42.84% |
| 3Y Return (Ann) | -0.99% | -43.91% |
| Sharpe Ratio | 3.10 | -0.46 |
| Daily Std Dev | 70.07% | 92.63% |
| Max Drawdown | -92.34% | -94.39% |
| Current Drawdown | -38.45% | -88.77% |
Correlation
The correlation between FNGU and GDXU is 0.22, 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. GDXU - Performance Comparison
In the year-to-date period, FNGU achieves a 28.79% return, which is significantly higher than GDXU's 4.85% 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. GDXU - Expense Ratio Comparison
Both FNGU and GDXU have an expense ratio of 0.95%.
Risk-Adjusted Performance
FNGU vs. GDXU - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for MicroSectors FANG+™ Index 3X Leveraged ETN (FNGU) and MicroSectors Gold Miners 3X Leveraged ETN (GDXU). 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. GDXU - Dividend Comparison
Neither FNGU nor GDXU has paid dividends to shareholders.
Drawdowns
FNGU vs. GDXU - Drawdown Comparison
The maximum FNGU drawdown since its inception was -92.34%, roughly equal to the maximum GDXU drawdown of -94.39%. Use the drawdown chart below to compare losses from any high point for FNGU and GDXU. For additional features, visit the drawdowns tool.
Volatility
FNGU vs. GDXU - Volatility Comparison
The current volatility for MicroSectors FANG+™ Index 3X Leveraged ETN (FNGU) is 23.69%, while MicroSectors Gold Miners 3X Leveraged ETN (GDXU) has a volatility of 30.99%. This indicates that FNGU experiences smaller price fluctuations and is considered to be less risky than GDXU based on this measure. The chart below showcases a comparison of their rolling one-month volatility.