FNGZX vs. FNGU
FNGZX (Franklin International Growth Fund) and FNGU (MicroSectors FANG+ 3X Leveraged ETNs) are both funds - FNGZX is a Foreign Large Cap Equities fund managed by Franklin Templeton, while FNGU is a Leveraged Equities fund tracking the NYSE FANG+ Index (Gross Total Return) (300%). Over the past year, FNGZX returned -3.22% vs 17.37% for FNGU. A 0.64 correlation means they provide meaningful diversification when combined. FNGZX charges 0.86%/yr vs 2.60%/yr for FNGU.
Performance
FNGZX vs. FNGU - Performance Comparison
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Returns By Period
In the year-to-date period, FNGZX achieves a -0.17% return, which is significantly lower than FNGU's 10.45% return.
FNGZX
- 1D
- 0.00%
- 1M
- 0.58%
- 6M
- -4.49%
- YTD
- -0.17%
- 1Y
- -3.22%
- 3Y*
- 4.54%
- 5Y*
- -3.85%
- 10Y*
- 6.54%
FNGU
- 1D
- -2.58%
- 1M
- 6.25%
- 6M
- 10.67%
- YTD
- 10.45%
- 1Y
- 17.37%
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
FNGZX vs. FNGU - Yearly Performance Comparison
| 2026 (YTD) | 2025 | |
|---|---|---|
FNGZX Franklin International Growth Fund | -0.17% | 1.81% |
FNGU MicroSectors FANG+ 3X Leveraged ETNs | 10.45% | 3.02% |
Correlation
The correlation between FNGZX and FNGU is 0.60, which is moderate. They share some common price drivers but move independently often enough to provide real diversification benefit when combined.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.60 |
Correlation (All Time) Calculated using the full available price history since Feb 20, 2025 | 0.64 |
The correlation between FNGZX and FNGU has been stable across timeframes, ranging from 0.60 to 0.64 - a consistent structural relationship.
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Return for Risk
FNGZX vs. FNGU — Risk / Return Rank
FNGZX
FNGU
FNGZX vs. FNGU - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Franklin International Growth Fund (FNGZX) and MicroSectors FANG+ 3X Leveraged ETNs (FNGU). 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.
| FNGZX | FNGU | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.52 | ||
| Sortino ratioReturn per unit of downside risk | -1.04 | ||
| Omega ratioGain probability vs. loss probability | 0.97 | 1.10 | -0.13 |
| Calmar ratioReturn relative to maximum drawdown | -0.26 | 0.29 | -0.55 |
| Martin ratioReturn relative to average drawdown | -0.71 | 0.67 | -1.38 |
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Drawdowns
FNGZX vs. FNGU - Drawdown Comparison
The maximum FNGZX drawdown since its inception was -53.35%, smaller than the maximum FNGU drawdown of -61.30%. Use the drawdown chart below to compare losses from any high point for FNGZX and FNGU.
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Drawdown Indicators
| FNGZX | FNGU | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -53.35% | -61.30% | +7.95% |
Max Drawdown (1Y)Largest decline over 1 year | -17.29% | -59.55% | +42.26% |
Max Drawdown (3Y)Largest decline over 3 years | -23.20% | — | — |
Max Drawdown (5Y)Largest decline over 5 years | -47.63% | — | — |
Max Drawdown (10Y)Largest decline over 10 years | -47.63% | — | — |
Current DrawdownCurrent decline from peak | -21.23% | -22.82% | +1.59% |
Average DrawdownAverage peak-to-trough decline | -14.20% | -22.44% | +8.24% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 6.33% | 25.91% | -19.58% |
Volatility
FNGZX vs. FNGU - Volatility Comparison
The current volatility for Franklin International Growth Fund (FNGZX) is 5.91%, while MicroSectors FANG+ 3X Leveraged ETNs (FNGU) has a volatility of 23.90%. This indicates that FNGZX experiences smaller price fluctuations and is considered to be less risky than FNGU based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| FNGZX | FNGU | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 5.91% | 23.90% | -17.99% |
Volatility (6M)Calculated over the trailing 6-month period | 14.63% | 52.70% | -38.07% |
Volatility (1Y)Calculated over the trailing 1-year period | 17.91% | 64.20% | -46.29% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 21.47% | 80.03% | -58.56% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 20.08% | 80.03% | -59.95% |
FNGZX vs. FNGU - Expense Ratio Comparison
FNGZX has a 0.86% expense ratio, which is lower than FNGU's 2.60% expense ratio.
Dividends
FNGZX vs. FNGU - Dividend Comparison
FNGZX's dividend yield for the trailing twelve months is around 3.38%, while FNGU has not paid dividends to shareholders.
| 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% |
FNGZX Franklin International Growth Fund | 3.38% | 3.37% | 2.07% | 0.00% | 1.74% | 1.11% | 2.23% | 0.30% | 2.04% | 1.31% | 0.90% | 0.36% |
Frequently Asked Questions
FNGZX and FNGU have a correlation of 0.60, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
FNGU has higher volatility (23.90%) compared to FNGZX (5.91%). In terms of maximum drawdown, FNGZX dropped -53.35% vs FNGU's -61.30%.
FNGU currently has the higher Sharpe Ratio (0.27 vs -0.25), 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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