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 -13.43%/yr vs 35.74%/yr for FNGS. At a 0.49 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 -17.06% return, which is significantly lower than FNGS's 17.41% return.
FRSH
- 1D
- -4.87%
- 1M
- 16.11%
- YTD
- -17.06%
- 6M
- -16.86%
- 1Y
- -32.36%
- 3Y*
- -13.43%
- 5Y*
- —
- 10Y*
- —
FNGS
- 1D
- -0.64%
- 1M
- 12.77%
- YTD
- 17.41%
- 6M
- 11.25%
- 1Y
- 32.20%
- 3Y*
- 35.74%
- 5Y*
- 22.72%
- 10Y*
- —
FRSH vs. FNGS - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | |
|---|---|---|---|---|---|---|
FRSH Freshworks Inc. | -17.06% | -24.24% | -31.16% | 59.69% | -43.98% | -44.77% |
FNGS MicroSectors FANG+ ETN | 17.41% | 18.64% | 51.99% | 95.24% | -40.32% | 3.42% |
Correlation
The correlation between FRSH and FNGS is 0.28, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.28 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.38 |
Correlation (All Time) Calculated using the full available price history since Sep 23, 2021 | 0.49 |
Over the past year, the correlation between FRSH and FNGS has dropped to 0.28 - well below their long-term average of 0.49, 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.
| FRSH | FNGS | Difference | |
|---|---|---|---|
Sharpe ratioReturn per unit of total volatility | -0.71 | 1.58 | -2.29 |
Sortino ratioReturn per unit of downside risk | -0.83 | 2.17 | -3.00 |
Omega ratioGain probability vs. loss probability | 0.90 | 1.28 | -0.38 |
Calmar ratioReturn relative to maximum drawdown | -0.59 | 1.47 | -2.06 |
Martin ratioReturn relative to average drawdown | -1.03 | 4.25 | -5.28 |
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month. | |||
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Sharpe Ratios by Period
| FRSH | FNGS | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | -0.71 | 1.58 | -2.29 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | — | 0.76 | — |
Sharpe Ratio (All Time)Calculated using the full available price history | -0.48 | 1.06 | -1.54 |
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 | -56.87% | -22.93% | -33.94% |
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 | -79.78% | -0.64% | -79.14% |
Average DrawdownAverage peak-to-trough decline | -67.27% | -10.87% | -56.40% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 32.58% | 7.92% | +24.66% |
Volatility
FRSH vs. FNGS - Volatility Comparison
Freshworks Inc. (FRSH) has a higher volatility of 16.67% compared to MicroSectors FANG+ ETN (FNGS) at 5.42%. 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 | 16.67% | 5.42% | +11.25% |
Volatility (6M)Calculated over the trailing 6-month period | 39.84% | 15.65% | +24.19% |
Volatility (1Y)Calculated over the trailing 1-year period | 45.74% | 20.49% | +25.25% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 58.62% | 29.96% | +28.66% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 58.62% | 31.13% | +27.49% |
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 0.28, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
FRSH has higher volatility (16.67%) compared to FNGS (5.42%). In terms of maximum drawdown, FRSH dropped -86.31% vs FNGS's -48.98%.
FNGS currently has the higher Sharpe Ratio (1.58 vs -0.71), 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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