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 -14.61%/yr vs 28.64%/yr for FNGS. Their 0.47 correlation means their historical movements had little consistent relationship.
Performance
FRSH vs. FNGS - Performance Comparison
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Returns By Period
In the year-to-date period, FRSH achieves a -7.31% return, which is significantly lower than FNGS's 9.02% return.
FRSH
- 1D
- 0.84%
- 1M
- 9.82%
- 6M
- 5.33%
- YTD
- -7.31%
- 1Y
- -10.45%
- 3Y*
- -14.61%
- 5Y*
- —
- 10Y*
- —
- ALL TIME*
- -24.17%
FNGS
- 1D
- 1.63%
- 1M
- 0.59%
- 6M
- 12.42%
- YTD
- 9.02%
- 1Y
- 15.45%
- 3Y*
- 28.64%
- 5Y*
- 18.98%
- 10Y*
- —
- ALL TIME*
- 30.45%
Liquidity Comparison
| Position | Avg. Volume Value (2W) | Avg. Volume Value (1M) | Avg. Volume Value (3M) |
|---|---|---|---|
| $1.57M | $1.92M | $2.40M | |
FRSH Freshworks Inc. | $150.24M | $181.30M | $171.49M |
FRSH vs. FNGS - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | |
|---|---|---|---|---|---|---|
FRSH Freshworks Inc. | -7.31% | -24.24% | -31.16% | 59.69% | -43.98% | -39.63% |
FNGS MicroSectors FANG+ ETN | 9.02% | 18.64% | 51.99% | 95.24% | -40.32% | 4.62% |
Correlation
The correlation between FRSH and FNGS is 0.21, which is low. Their historical price movements had little consistent relationship.
| Correlation | |
|---|---|
Correlation (1Y) Focuses on recent behavior, but can change the most. | 0.21 |
Correlation (3Y) Balances recent behavior with more history. | 0.34 |
Correlation (All Time) Calculated using the full available price history since Sep 22, 2021 | 0.47 |
Over the past year, the correlation between FRSH and FNGS has dropped to 0.21 - well below their long-term average of 0.47, 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 | -0.78 | ||
| Sortino ratioReturn per unit of downside risk | -0.91 | ||
| Omega ratioGain probability vs. loss probability | 0.99 | 1.10 | -0.11 |
| Calmar ratioReturn relative to maximum drawdown | -0.25 | 0.51 | -0.76 |
| Martin ratioReturn relative to average drawdown | -0.45 | 1.37 | -1.82 |
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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 | -50.75% | -22.93% | -27.82% |
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 | -77.40% | -7.74% | -69.66% |
Average DrawdownAverage peak-to-trough decline | -67.64% | -10.80% | -56.84% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 27.74% | 8.61% | +19.13% |
Volatility
FRSH vs. FNGS - Volatility Comparison
Freshworks Inc. (FRSH) has a higher volatility of 14.56% compared to MicroSectors FANG+ ETN (FNGS) at 5.87%. 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 | 14.56% | 5.87% | +8.69% |
Volatility (6M)Calculated over the trailing 6-month period | 41.32% | 18.36% | +22.96% |
Volatility (1Y)Calculated over the trailing 1-year period | 48.01% | 22.86% | +25.15% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 58.44% | 30.29% | +28.15% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 58.44% | 31.07% | +27.37% |
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 0.21, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
FRSH has higher volatility (14.56%) compared to FNGS (5.87%). In terms of maximum drawdown, FRSH dropped -86.31% vs FNGS's -48.98%.
FNGS currently has the higher Sharpe Ratio (0.52 vs -0.26), 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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