FNGU vs. TSLA
FNGU (MicroSectors FANG+ 3X Leveraged ETNs) is Leveraged Equities fund tracking the NYSE FANG+ Index (Gross Total Return) (300%), while TSLA (Tesla, Inc.) is a stock. Over the past year, FNGU returned 4.83% vs 14.52% for TSLA. A 0.55 correlation means they provide meaningful diversification when combined.
Performance
FNGU vs. TSLA - Performance Comparison
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Returns By Period
In the year-to-date period, FNGU achieves a -5.42% return, which is significantly higher than TSLA's -16.59% return.
FNGU
- 1D
- -2.13%
- 1M
- -23.18%
- YTD
- -5.42%
- 6M
- -10.36%
- 1Y
- 4.83%
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
TSLA
- 1D
- -0.11%
- 1M
- -13.49%
- YTD
- -16.59%
- 6M
- -22.72%
- 1Y
- 14.52%
- 3Y*
- 15.88%
- 5Y*
- 10.87%
- 10Y*
- 39.71%
FNGU vs. TSLA - Yearly Performance Comparison
| 2026 (YTD) | 2025 | |
|---|---|---|
FNGU MicroSectors FANG+ 3X Leveraged ETNs | -5.42% | 3.02% |
TSLA Tesla, Inc. | -16.59% | 24.73% |
Correlation
The correlation between FNGU and TSLA is 0.48, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.48 |
Correlation (All Time) Calculated using the full available price history since Feb 20, 2025 | 0.55 |
The correlation between FNGU and TSLA has been stable across timeframes, ranging from 0.48 to 0.55 - a consistent structural relationship.
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Return for Risk
FNGU vs. TSLA — Risk / Return Rank
FNGU
TSLA
FNGU vs. TSLA - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for MicroSectors FANG+ 3X Leveraged ETNs (FNGU) and Tesla, Inc. (TSLA). 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.
Values are calculated on a 1-year rolling basis and updated daily. Risk-adjusted metrics are more stable over longer periods — use the period switch above to explore them.
| FNGU | TSLA | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.26 | ||
| Sortino ratioReturn per unit of downside risk | -0.20 | ||
| Omega ratioGain probability vs. loss probability | 1.07 | 1.09 | -0.02 |
| Calmar ratioReturn relative to maximum drawdown | 0.08 | 0.49 | -0.41 |
| Martin ratioReturn relative to average drawdown | 0.19 | 1.11 | -0.91 |
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Drawdowns
FNGU vs. TSLA - Drawdown Comparison
The maximum FNGU drawdown since its inception was -61.30%, smaller than the maximum TSLA drawdown of -73.63%. Use the drawdown chart below to compare losses from any high point for FNGU and TSLA.
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Drawdown Indicators
| FNGU | TSLA | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -61.30% | -73.63% | +12.33% |
Max Drawdown (1Y)Largest decline over 1 year | -59.55% | -29.93% | -29.62% |
Max Drawdown (3Y)Largest decline over 3 years | — | -53.77% | — |
Max Drawdown (5Y)Largest decline over 5 years | — | -73.63% | — |
Max Drawdown (10Y)Largest decline over 10 years | — | -73.63% | — |
Current DrawdownCurrent decline from peak | -33.91% | -23.43% | -10.48% |
Average DrawdownAverage peak-to-trough decline | -22.34% | -22.71% | +0.37% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 25.35% | 13.18% | +12.17% |
Volatility
FNGU vs. TSLA - Volatility Comparison
MicroSectors FANG+ 3X Leveraged ETNs (FNGU) has a higher volatility of 31.97% compared to Tesla, Inc. (TSLA) at 13.91%. This indicates that FNGU's price experiences larger fluctuations and is considered to be riskier than TSLA based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| FNGU | TSLA | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 31.97% | 13.91% | +18.06% |
Volatility (6M)Calculated over the trailing 6-month period | 52.55% | 28.34% | +24.21% |
Volatility (1Y)Calculated over the trailing 1-year period | 64.38% | 43.89% | +20.49% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 80.99% | 59.01% | +21.98% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 80.99% | 59.09% | +21.90% |
Dividends
FNGU vs. TSLA - Dividend Comparison
Neither FNGU nor TSLA has paid dividends to shareholders.
Frequently Asked Questions
FNGU and TSLA have a correlation of 0.48, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
FNGU has higher volatility (31.97%) compared to TSLA (13.91%). In terms of maximum drawdown, FNGU dropped -61.30% vs TSLA's -73.63%.
TSLA currently has the higher Sharpe Ratio (0.33 vs 0.08), 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.
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