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 -17.24%/yr vs 29.30%/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 -24.98% return, which is significantly lower than FNGS's 5.66% return.
FRSH
- 1D
- 2.91%
- 1M
- 1.21%
- YTD
- -24.98%
- 6M
- -25.41%
- 1Y
- -37.05%
- 3Y*
- -17.24%
- 5Y*
- —
- 10Y*
- —
FNGS
- 1D
- -2.36%
- 1M
- -3.57%
- YTD
- 5.66%
- 6M
- 4.04%
- 1Y
- 17.25%
- 3Y*
- 29.30%
- 5Y*
- 18.21%
- 10Y*
- —
FRSH vs. FNGS - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | |
|---|---|---|---|---|---|---|
FRSH Freshworks Inc. | -24.98% | -24.24% | -31.16% | 59.69% | -43.98% | -39.63% |
FNGS MicroSectors FANG+ ETN | 5.66% | 18.64% | 51.99% | 95.24% | -40.32% | 4.62% |
Correlation
The correlation between FRSH and FNGS is 0.24, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.24 |
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 0.24 - 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 | -1.57 | ||
| Sortino ratioReturn per unit of downside risk | -2.19 | ||
| Omega ratioGain probability vs. loss probability | 0.87 | 1.15 | -0.27 |
| Calmar ratioReturn relative to maximum drawdown | -0.67 | 0.76 | -1.43 |
| Martin ratioReturn relative to average drawdown | -1.16 | 2.12 | -3.29 |
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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 | -55.21% | -22.93% | -32.28% |
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 | -81.71% | -10.58% | -71.13% |
Average DrawdownAverage peak-to-trough decline | -67.38% | -10.84% | -56.54% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 31.86% | 8.14% | +23.72% |
Volatility
FRSH vs. FNGS - Volatility Comparison
Freshworks Inc. (FRSH) has a higher volatility of 16.74% compared to MicroSectors FANG+ ETN (FNGS) at 10.97%. 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 | 16.74% | 10.97% | +5.77% |
Volatility (6M)Calculated over the trailing 6-month period | 40.04% | 18.01% | +22.03% |
Volatility (1Y)Calculated over the trailing 1-year period | 45.97% | 22.63% | +23.34% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 58.57% | 30.25% | +28.32% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 58.57% | 31.24% | +27.33% |
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 0.24, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
FRSH has higher volatility (16.74%) compared to FNGS (10.97%). In terms of maximum drawdown, FRSH dropped -86.31% vs FNGS's -48.98%.
FNGS currently has the higher Sharpe Ratio (0.77 vs -0.81), 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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