FNGU vs. HDV

Last updated Jun 4, 2026

FNGU (MicroSectors FANG+ 3X Leveraged ETNs) and HDV (iShares Core High Dividend ETF) are both exchange-traded funds - FNGU is a Leveraged Equities fund tracking the NYSE FANG+ Index (Gross Total Return) (300%), while HDV is a Dividend fund tracking the Morningstar Dividend Yield Focus Index. Both are passively managed. Over the past year, FNGU returned 64.67% vs 20.35% for HDV. At a correlation of -0.13, they often move in opposite directions. FNGU charges 2.60%/yr vs 0.08%/yr for HDV.

Performance

FNGU vs. HDV - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in MicroSectors FANG+ 3X Leveraged ETNs (FNGU) and iShares Core High Dividend ETF (HDV). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, FNGU achieves a 36.18% return, which is significantly higher than HDV's 12.69% return.

FNGU

• 1D: -3.75%
• 1M: 33.96%
• YTD: 36.18%
• 6M: 16.22%
• 1Y: 64.67%
• 3Y*: —
• 5Y*: —
• 10Y*: —

HDV

• 1D: 0.37%
• 1M: 0.29%
• YTD: 12.69%
• 6M: 12.16%
• 1Y: 20.35%
• 3Y*: 14.94%
• 5Y*: 10.32%
• 10Y*: 9.26%

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

FNGU vs. HDV - Yearly Performance Comparison

	2026 (YTD)	2025
FNGU MicroSectors FANG+ 3X Leveraged ETNs	36.18%	4.24%
HDV iShares Core High Dividend ETF	12.69%	5.04%

Correlation

The correlation between FNGU and HDV is -0.25, meaning they tend to move in opposite directions. This is especially valuable for risk management - when one declines, the other has historically tended to hold steady or rise.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	-0.25
Correlation (All Time) Calculated using the full available price history since Feb 21, 2025	-0.13

The correlation between FNGU and HDV shifts across timeframes, from -0.25 (1 year) to -0.13 (all time), reflecting how their relationship changes across market environments.

FNGU vs. HDV - Sectors Allocation Comparison

Sectors	FNGU	HDV
Technology	60.6%	8.2%
Communication Services	29.8%	0.1%
Consumer Cyclical	9.6%	6.1%
Basic Materials	-	1.2%
Consumer Defensive	-	24.1%
Energy	-	22.3%
Financial Services	-	11.1%
Healthcare	-	16.5%
Industrials	-	1.4%
Real Estate	-	-
Utilities	-	9.2%

Return for Risk

FNGU vs. HDV — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.

FNGU

FNGU Risk / Return Rank: 27
FNGU Sharpe Ratio Rank: 30
FNGU Sortino Ratio Rank: 31
FNGU Omega Ratio Rank: 30
FNGU Calmar Ratio Rank: 23
FNGU Martin Ratio Rank: 21

HDV

HDV Risk / Return Rank: 64
HDV Sharpe Ratio Rank: 61
HDV Sortino Ratio Rank: 66
HDV Omega Ratio Rank: 57
HDV Calmar Ratio Rank: 76
HDV Martin Ratio Rank: 61

The rank (0–100) shows how this investment's returns compare to the risk taken. Higher = better. Based on the past 12 months of data, combining Sharpe, Sortino, and other metrics used by quantitative funds and institutional investors.

FNGU vs. HDV - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for MicroSectors FANG+ 3X Leveraged ETNs (FNGU) and iShares Core High Dividend ETF (HDV). 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.

	FNGU	HDV	Difference
Sharpe ratio: Return per unit of total volatility	1.13	2.10	-0.97
Sortino ratio: Return per unit of downside risk	1.69	3.11	-1.41
Omega ratio: Gain probability vs. loss probability	1.21	1.36	-0.15
Calmar ratio: Return relative to maximum drawdown	1.09	3.95	-2.85
Martin ratio: Return relative to average drawdown	2.64	11.02	-8.37
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

FNGU vs. HDV - Sharpe Ratio Comparison

The current FNGU Sharpe Ratio is 1.13, which is lower than the HDV Sharpe Ratio of 2.10. The chart below compares the historical Sharpe Ratios of FNGU and HDV, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

Sharpe Ratios by Period

	FNGU	HDV	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	1.13	2.10	-0.97
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	—	0.81	—
Sharpe Ratio (10Y) Calculated over the trailing 10-year period	—	0.59	—
Sharpe Ratio (All Time) Calculated using the full available price history	0.40	0.72	-0.32

Drawdowns

FNGU vs. HDV - Drawdown Comparison

The maximum FNGU drawdown since its inception was -60.84%, which is greater than HDV's maximum drawdown of -37.04%. Use the drawdown chart below to compare losses from any high point for FNGU and HDV.

Drawdown Indicators

	FNGU	HDV	Difference
Max Drawdown Largest peak-to-trough decline	-60.84%	-37.04%	-23.80%
Max Drawdown (1Y) Largest decline over 1 year	-59.55%	-5.18%	-54.37%
Max Drawdown (3Y) Largest decline over 3 years	—	-10.49%	—
Max Drawdown (5Y) Largest decline over 5 years	—	-15.42%	—
Max Drawdown (10Y) Largest decline over 10 years	—	-37.04%	—
Current Drawdown Current decline from peak	-4.84%	-2.54%	-2.30%
Average Drawdown Average peak-to-trough decline	-22.06%	-3.09%	-18.97%
Ulcer Index Depth and duration of drawdowns from previous peaks	24.57%	1.85%	+22.72%

Volatility

FNGU vs. HDV - Volatility Comparison

MicroSectors FANG+ 3X Leveraged ETNs (FNGU) has a higher volatility of 16.40% compared to iShares Core High Dividend ETF (HDV) at 3.19%. This indicates that FNGU's price experiences larger fluctuations and is considered to be riskier than HDV based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	FNGU	HDV	Difference
Volatility (1M) Calculated over the trailing 1-month period	16.40%	3.19%	+13.21%
Volatility (6M) Calculated over the trailing 6-month period	44.77%	7.56%	+37.21%
Volatility (1Y) Calculated over the trailing 1-year period	57.50%	9.73%	+47.77%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	78.60%	12.82%	+65.78%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	78.60%	15.73%	+62.87%

FNGU vs. HDV - Expense Ratio Comparison

FNGU has a 2.60% expense ratio, which is higher than HDV's 0.08% expense ratio.

Dividends

FNGU vs. HDV - Dividend Comparison

FNGU has not paid dividends to shareholders, while HDV's dividend yield for the trailing twelve months is around 2.91%.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
FNGU MicroSectors FANG+ 3X Leveraged ETNs	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
HDV iShares Core High Dividend ETF	2.91%	3.22%	3.67%	3.82%	3.56%	3.47%	4.07%	3.27%	3.67%	3.27%	3.28%	3.92%

Frequently Asked Questions

Can I hold both FNGU and HDV in my portfolio?

FNGU and HDV have a correlation of -0.25, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, FNGU or HDV?

FNGU has higher volatility (16.40%) compared to HDV (3.19%). In terms of maximum drawdown, FNGU dropped -60.84% vs HDV's -37.04%.

Which ETF is better, FNGU or HDV?

On 1-year performance, FNGU leads with 64.67% vs 20.35% for HDV. On fees, HDV is cheaper at 0.08% per year. On volatility, HDV has been the lower-risk option at 3.19%. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF has performed better, FNGU or HDV?

Over the 1-year period, FNGU has performed better with a 64.67% return vs 20.35%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.

Which ETF is cheaper, FNGU or HDV?

HDV is cheaper with a 0.08% expense ratio, compared with 2.60% for FNGU.

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

HDV has the higher dividend yield at 2.91%, compared with 0.00% for FNGU.

What is the main difference between FNGU and HDV?

FNGU is categorized as Leveraged Equities, while HDV is Dividend. FNGU tracks NYSE FANG+ Index (Gross Total Return) (300%), while HDV tracks Morningstar Dividend Yield Focus Index. They also come from different issuers: Bank of Montreal and iShares. Their fees differ too: 2.60% for FNGU and 0.08% for HDV.

Which has better risk-adjusted returns?

HDV currently has the higher Sharpe Ratio (2.10 vs 1.13), meaning it's delivered slightly more return per unit of risk over the trailing 12 months. However, this ranking shifts over time - use the Risk/Return Score above for a more comprehensive view that combines Sharpe, Sortino, and other measures used by quantitative funds.