FRSH vs. FNGS
FRSH (Freshworks Inc.) is a stock, while FNGS (MicroSectors FANG+ ETN) is Large Cap Growth Equities fund tracking the NYSE FANG+ Index. Over the past 3 years, FRSH returned -14.88%/yr vs 29.28%/yr for FNGS. At a 0.48 correlation, their price movements are largely independent.
Performance
FRSH vs. FNGS - Performance Comparison
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Returns By Period
In the year-to-date period, FRSH achieves a -11.59% return, which is significantly lower than FNGS's 10.39% return.
FRSH
- 1D
- 4.54%
- 1M
- 14.66%
- 6M
- -10.50%
- YTD
- -11.59%
- 1Y
- -22.92%
- 3Y*
- -14.88%
- 5Y*
- —
- 10Y*
- —
FNGS
- 1D
- -0.50%
- 1M
- 3.37%
- 6M
- 9.86%
- YTD
- 10.39%
- 1Y
- 16.52%
- 3Y*
- 29.28%
- 5Y*
- 18.67%
- 10Y*
- —
FRSH vs. FNGS - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | |
|---|---|---|---|---|---|---|
FRSH Freshworks Inc. | -11.59% | -24.24% | -31.16% | 59.69% | -43.98% | -39.63% |
FNGS MicroSectors FANG+ ETN | 10.39% | 18.64% | 51.99% | 95.24% | -40.32% | 4.62% |
Correlation
The correlation between FRSH and FNGS is 0.23, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.23 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.36 |
Correlation (All Time) Calculated using the full available price history since Sep 22, 2021 | 0.48 |
Over the past year, the correlation between FRSH and FNGS has dropped to 0.23 - well below their long-term average of 0.48, suggesting their price drivers have been diverging.
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Return for Risk
FRSH vs. FNGS — Risk / Return Rank
FRSH
FNGS
FRSH vs. FNGS - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Freshworks Inc. (FRSH) and MicroSectors FANG+ ETN (FNGS). 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.
| FRSH | FNGS | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -1.24 | ||
| Sortino ratioReturn per unit of downside risk | -1.58 | ||
| Omega ratioGain probability vs. loss probability | 0.94 | 1.14 | -0.20 |
| Calmar ratioReturn relative to maximum drawdown | -0.43 | 0.72 | -1.15 |
| Martin ratioReturn relative to average drawdown | -0.75 | 1.98 | -2.73 |
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Drawdowns
FRSH vs. FNGS - Drawdown Comparison
The maximum FRSH drawdown since its inception was -86.31%, which is greater than FNGS's maximum drawdown of -48.98%. Use the drawdown chart below to compare losses from any high point for FRSH and FNGS.
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Drawdown Indicators
| FRSH | FNGS | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -86.31% | -48.98% | -37.33% |
Max Drawdown (1Y)Largest decline over 1 year | -53.42% | -22.93% | -30.49% |
Max Drawdown (3Y)Largest decline over 3 years | -71.90% | -26.77% | -45.13% |
Max Drawdown (5Y)Largest decline over 5 years | — | -48.98% | — |
Current DrawdownCurrent decline from peak | -78.45% | -6.58% | -71.87% |
Average DrawdownAverage peak-to-trough decline | -67.51% | -10.82% | -56.69% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 30.48% | 8.38% | +22.10% |
Volatility
FRSH vs. FNGS - Volatility Comparison
Freshworks Inc. (FRSH) has a higher volatility of 12.96% compared to MicroSectors FANG+ ETN (FNGS) at 8.13%. This indicates that FRSH's price experiences larger fluctuations and is considered to be riskier than FNGS based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| FRSH | FNGS | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 12.96% | 8.13% | +4.83% |
Volatility (6M)Calculated over the trailing 6-month period | 41.05% | 17.98% | +23.07% |
Volatility (1Y)Calculated over the trailing 1-year period | 46.65% | 22.39% | +24.26% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 58.48% | 30.24% | +28.24% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 58.48% | 31.13% | +27.35% |
Dividends
FRSH vs. FNGS - Dividend Comparison
Neither FRSH nor FNGS has paid dividends to shareholders.
Frequently Asked Questions
FRSH and FNGS have a correlation of 0.23, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
FRSH has higher volatility (12.96%) compared to FNGS (8.13%). In terms of maximum drawdown, FRSH dropped -86.31% vs FNGS's -48.98%.
FNGS currently has the higher Sharpe Ratio (0.74 vs -0.49), 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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