FNGU vs. NVDL
Compare and contrast key facts about MicroSectors FANG+™ Index 3X Leveraged ETN (FNGU) and GraniteShares 2x Long NVDA Daily ETF (NVDL).
FNGU and NVDL 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. NVDL is an actively managed fund by GraniteShares. It was launched on Dec 13, 2022.
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: FNGU or NVDL.
Correlation
The correlation between FNGU and NVDL is 0.75, 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.
Performance
FNGU vs. NVDL - Performance Comparison
Key characteristics
FNGU:
-0.04
NVDL:
-0.18
FNGU:
0.59
NVDL:
0.58
FNGU:
1.08
NVDL:
1.07
FNGU:
-0.06
NVDL:
-0.32
FNGU:
-0.15
NVDL:
-0.72
FNGU:
24.35%
NVDL:
30.06%
FNGU:
92.61%
NVDL:
119.51%
FNGU:
-92.34%
NVDL:
-67.55%
FNGU:
-57.13%
NVDL:
-67.39%
Returns By Period
In the year-to-date period, FNGU achieves a -48.95% return, which is significantly higher than NVDL's -58.13% return.
FNGU
-48.95%
-28.37%
-35.40%
15.50%
39.07%
N/A
NVDL
-58.13%
-36.99%
-65.23%
-3.37%
N/A
N/A
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FNGU vs. NVDL - Expense Ratio Comparison
FNGU has a 0.95% expense ratio, which is lower than NVDL's 1.15% expense ratio.
Risk-Adjusted Performance
FNGU vs. NVDL — Risk-Adjusted Performance Rank
FNGU
NVDL
FNGU vs. NVDL - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for MicroSectors FANG+™ Index 3X Leveraged ETN (FNGU) and GraniteShares 2x Long NVDA Daily ETF (NVDL). 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. NVDL - Dividend Comparison
Neither FNGU nor NVDL has paid dividends to shareholders.
| TTM | 2024 | 2023 | |
|---|---|---|---|
FNGU MicroSectors FANG+™ Index 3X Leveraged ETN | 0.00% | 0.00% | 0.00% |
NVDL GraniteShares 2x Long NVDA Daily ETF | 0.00% | 0.00% | 11.29% |
Drawdowns
FNGU vs. NVDL - Drawdown Comparison
The maximum FNGU drawdown since its inception was -92.34%, which is greater than NVDL's maximum drawdown of -67.55%. Use the drawdown chart below to compare losses from any high point for FNGU and NVDL. For additional features, visit the drawdowns tool.
Volatility
FNGU vs. NVDL - Volatility Comparison
MicroSectors FANG+™ Index 3X Leveraged ETN (FNGU) has a higher volatility of 50.93% compared to GraniteShares 2x Long NVDA Daily ETF (NVDL) at 47.72%. This indicates that FNGU's price experiences larger fluctuations and is considered to be riskier than NVDL based on this measure. The chart below showcases a comparison of their rolling one-month volatility.