FNGU vs. WEBL
Compare and contrast key facts about MicroSectors FANG+™ Index 3X Leveraged ETN (FNGU) and Daily Dow Jones Internet Bull 3X Shares (WEBL).
FNGU and WEBL 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. WEBL is a passively managed fund by Direxion that tracks the performance of the Dow Jones Internet Composite Index (300%). It was launched on Nov 7, 2019. Both FNGU and WEBL 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 WEBL.
Key characteristics
| FNGU | WEBL | |
|---|---|---|
| YTD Return | 122.56% | 67.08% |
| 1Y Return | 163.91% | 128.61% |
| 3Y Return (Ann) | 3.76% | -34.00% |
| 5Y Return (Ann) | 62.91% | 0.91% |
| Sharpe Ratio | 2.32 | 2.41 |
| Sortino Ratio | 2.55 | 2.63 |
| Omega Ratio | 1.34 | 1.36 |
| Calmar Ratio | 2.67 | 1.48 |
| Martin Ratio | 9.52 | 11.09 |
| Ulcer Index | 17.25% | 11.82% |
| Daily Std Dev | 70.87% | 54.49% |
| Max Drawdown | -92.34% | -94.44% |
| Current Drawdown | -7.37% | -72.82% |
Correlation
The correlation between FNGU and WEBL is 0.87, 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. WEBL - Performance Comparison
In the year-to-date period, FNGU achieves a 122.56% return, which is significantly higher than WEBL's 67.08% 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. WEBL - Expense Ratio Comparison
FNGU has a 0.95% expense ratio, which is lower than WEBL's 1.17% expense ratio.
Risk-Adjusted Performance
FNGU vs. WEBL - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for MicroSectors FANG+™ Index 3X Leveraged ETN (FNGU) and Daily Dow Jones Internet Bull 3X Shares (WEBL). 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. WEBL - Dividend Comparison
Neither FNGU nor WEBL has paid dividends to shareholders.
| TTM | 2023 | 2022 | 2021 | 2020 | 2019 | |
|---|---|---|---|---|---|---|
FNGU MicroSectors FANG+™ Index 3X Leveraged ETN | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
WEBL Daily Dow Jones Internet Bull 3X Shares | 0.00% | 0.00% | 0.00% | 4.79% | 0.00% | 0.06% |
Drawdowns
FNGU vs. WEBL - Drawdown Comparison
The maximum FNGU drawdown since its inception was -92.34%, roughly equal to the maximum WEBL drawdown of -94.44%. Use the drawdown chart below to compare losses from any high point for FNGU and WEBL. For additional features, visit the drawdowns tool.
Volatility
FNGU vs. WEBL - Volatility Comparison
MicroSectors FANG+™ Index 3X Leveraged ETN (FNGU) has a higher volatility of 19.09% compared to Daily Dow Jones Internet Bull 3X Shares (WEBL) at 14.64%. This indicates that FNGU's price experiences larger fluctuations and is considered to be riskier than WEBL based on this measure. The chart below showcases a comparison of their rolling one-month volatility.