FRSH vs. FNGS

Last updated Apr 1, 2026

Compare and contrast key facts about Freshworks Inc. (FRSH) and MicroSectors FANG+ ETN (FNGS).

FNGS is a passively managed fund by BMO that tracks the performance of the NYSE FANG+ Index. It was launched on Nov 12, 2019.

Performance

FRSH vs. FNGS - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Freshworks Inc. (FRSH) and MicroSectors FANG+ ETN (FNGS). The values are adjusted to include any dividend payments, if applicable.

FRSH vs. FNGS - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021
FRSH Freshworks Inc.	-34.45%	-24.24%	-31.16%	59.69%	-43.98%	-44.77%
FNGS MicroSectors FANG+ ETN	-12.40%	18.64%	51.99%	95.24%	-40.32%	3.42%

Returns By Period

In the year-to-date period, FRSH achieves a -34.45% return, which is significantly lower than FNGS's -12.40% return.

FRSH

• 1D: -0.12%
• 1M: 2.69%
• YTD: -34.45%
• 6M: -31.78%
• 1Y: -43.09%
• 3Y*: -19.44%
• 5Y*: —
• 10Y*: —

FNGS

• 1D: 4.69%
• 1M: -4.21%
• YTD: -12.40%
• 6M: -14.82%
• 1Y: 19.65%
• 3Y*: 30.42%
• 5Y*: 15.68%
• 10Y*: —

*Multi-year figures are annualized to reflect compound growth (CAGR)

Return for Risk

FRSH vs. FNGS — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.

FRSH

FRSH Risk / Return Rank: 8
FRSH Sharpe Ratio Rank: 5
FRSH Sortino Ratio Rank: 8
FRSH Omega Ratio Rank: 8
FRSH Calmar Ratio Rank: 13
FRSH Martin Ratio Rank: 6

FNGS

FNGS Risk / Return Rank: 41
FNGS Sharpe Ratio Rank: 43
FNGS Sortino Ratio Rank: 51
FNGS Omega Ratio Rank: 45
FNGS Calmar Ratio Rank: 36
FNGS Martin Ratio Rank: 32

The rank (0–100) shows how this investment's returns compare to the risk taken. Higher = better. Based on the past 12 months of data, combining Sharpe, Sortino, and other metrics used by quantitative funds and institutional investors.

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 ratio Return per unit of total volatility	-0.95	0.73	-1.68
Sortino ratio Return per unit of downside risk	-1.29	1.26	-2.55
Omega ratio Gain probability vs. loss probability	0.84	1.17	-0.33
Calmar ratio Return relative to maximum drawdown	-0.79	0.84	-1.62
Martin ratio Return relative to average drawdown	-1.66	2.59	-4.25
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

FRSH vs. FNGS - Sharpe Ratio Comparison

The current FRSH Sharpe Ratio is -0.95, which is lower than the FNGS Sharpe Ratio of 0.73. The chart below compares the historical Sharpe Ratios of FRSH and FNGS, offering insights into how both investments have performed under varying market conditions. These values are calculated using daily returns over the previous 12 months.

Sharpe Ratios by Period

	FRSH	FNGS	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	-0.95	0.73	-1.68
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	—	0.53	—
Sharpe Ratio (All Time) Calculated using the full available price history	-0.56	0.90	-1.45

Correlation

The correlation between FRSH and FNGS is 0.50, which is considered to be moderate. This suggests that the two assets have some degree of positive relationship in their price movements. Moderate correlation can be acceptable for portfolio diversification, offering a balance between risk and potential returns.

Dividends

FRSH vs. FNGS - Dividend Comparison

Neither FRSH nor FNGS has paid dividends to shareholders.

Tickers have no history of dividend payments

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.

Drawdown Indicators

	FRSH	FNGS	Difference
Max Drawdown Largest peak-to-trough decline	-86.31%	-48.98%	-37.33%
Max Drawdown (1Y) Largest decline over 1 year	-56.95%	-22.93%	-34.02%
Max Drawdown (5Y) Largest decline over 5 years	—	-48.98%	—
Current Drawdown Current decline from peak	-84.02%	-19.32%	-64.70%
Average Drawdown Average peak-to-trough decline	-66.68%	-11.02%	-55.66%
Ulcer Index Depth and duration of drawdowns from previous peaks	26.90%	7.43%	+19.47%

Volatility

FRSH vs. FNGS - Volatility Comparison

Freshworks Inc. (FRSH) has a higher volatility of 8.88% compared to MicroSectors FANG+ ETN (FNGS) at 8.31%. 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.

Volatility by Period

	FRSH	FNGS	Difference
Volatility (1M) Calculated over the trailing 1-month period	8.88%	8.31%	+0.57%
Volatility (6M) Calculated over the trailing 6-month period	35.02%	15.68%	+19.34%
Volatility (1Y) Calculated over the trailing 1-year period	45.73%	26.98%	+18.75%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	58.76%	29.97%	+28.79%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	58.76%	31.34%	+27.42%