FNGU vs. SOXL
Compare and contrast key facts about MicroSectors FANG+™ Index 3X Leveraged ETN (FNGU) and Direxion Daily Semiconductor Bull 3x Shares (SOXL).
FNGU and SOXL 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. SOXL is a passively managed fund by Direxion that tracks the performance of the PHLX Semiconductor Index (300%). It was launched on Mar 11, 2010. Both FNGU and SOXL 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 SOXL.
Key characteristics
| FNGU | SOXL | |
|---|---|---|
| YTD Return | 105.08% | -14.64% |
| 1Y Return | 142.94% | 18.24% |
| 3Y Return (Ann) | 0.26% | -25.68% |
| 5Y Return (Ann) | 60.20% | 12.05% |
| Sharpe Ratio | 2.01 | 0.19 |
| Sortino Ratio | 2.35 | 0.96 |
| Omega Ratio | 1.31 | 1.12 |
| Calmar Ratio | 2.33 | 0.27 |
| Martin Ratio | 8.29 | 0.60 |
| Ulcer Index | 17.27% | 31.18% |
| Daily Std Dev | 71.36% | 100.74% |
| Max Drawdown | -92.34% | -90.46% |
| Current Drawdown | -14.64% | -62.71% |
Correlation
The correlation between FNGU and SOXL is 0.77, 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. SOXL - Performance Comparison
In the year-to-date period, FNGU achieves a 105.08% return, which is significantly higher than SOXL's -14.64% 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. SOXL - Expense Ratio Comparison
FNGU has a 0.95% expense ratio, which is lower than SOXL's 0.99% expense ratio.
Risk-Adjusted Performance
FNGU vs. SOXL - 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 Semiconductor Bull 3x Shares (SOXL). 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. SOXL - Dividend Comparison
FNGU has not paid dividends to shareholders, while SOXL's dividend yield for the trailing twelve months is around 1.15%.
| TTM | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | |
|---|---|---|---|---|---|---|---|---|---|---|---|
FNGU MicroSectors FANG+™ Index 3X Leveraged ETN | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
SOXL Direxion Daily Semiconductor Bull 3x Shares | 1.15% | 0.51% | 1.08% | 0.04% | 0.05% | 0.38% | 1.30% | 0.09% | 4.84% | 0.00% | 0.00% |
Drawdowns
FNGU vs. SOXL - Drawdown Comparison
The maximum FNGU drawdown since its inception was -92.34%, roughly equal to the maximum SOXL drawdown of -90.46%. Use the drawdown chart below to compare losses from any high point for FNGU and SOXL. For additional features, visit the drawdowns tool.
Volatility
FNGU vs. SOXL - Volatility Comparison
The current volatility for MicroSectors FANG+™ Index 3X Leveraged ETN (FNGU) is 21.12%, while Direxion Daily Semiconductor Bull 3x Shares (SOXL) has a volatility of 26.28%. This indicates that FNGU experiences smaller price fluctuations and is considered to be less risky than SOXL based on this measure. The chart below showcases a comparison of their rolling one-month volatility.