FTAI vs. BULZ

Last updated Jun 23, 2026

FTAI (Fortress Transportation and Infrastructure Investors LLC) is a stock, while BULZ (MicroSectors FANG & Innovation 3X Leveraged ETNs) is Leveraged Equities fund tracking the Solactive FANG Innovation Index (300%). Over the past 3 years, FTAI returned 114.42%/yr vs 82.14%/yr for BULZ. At a 0.41 correlation, their price movements are largely independent.

Performance

FTAI vs. BULZ - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Fortress Transportation and Infrastructure Investors LLC (FTAI) and MicroSectors FANG & Innovation 3X Leveraged ETNs (BULZ). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, FTAI achieves a 38.67% return, which is significantly lower than BULZ's 61.20% return.

FTAI

• 1D: -1.47%
• 1M: 7.90%
• YTD: 38.67%
• 6M: 59.87%
• 1Y: 112.37%
• 3Y*: 114.42%
• 5Y*: 56.37%
• 10Y*: 47.96%

BULZ

• 1D: -2.95%
• 1M: -4.19%
• YTD: 61.20%
• 6M: 55.42%
• 1Y: 175.88%
• 3Y*: 82.14%
• 5Y*: —
• 10Y*: —

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

FTAI vs. BULZ - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021
FTAI Fortress Transportation and Infrastructure Investors LLC	38.67%	38.01%	214.72%	181.65%	-36.67%	7.16%
BULZ MicroSectors FANG & Innovation 3X Leveraged ETNs	61.20%	60.09%	54.09%	394.22%	-92.26%	9.17%

Correlation

The correlation between FTAI and BULZ is 0.37, which is low. Their price movements are largely independent, making them effective diversification partners.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	0.37
Correlation (3Y) Calculated over the trailing 3-year period	0.38
Correlation (All Time) Calculated using the full available price history since Aug 18, 2021	0.41

Return for Risk

FTAI vs. BULZ — Risk / Return Rank

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

FTAI

FTAI Risk / Return Rank: 85
FTAI Sharpe Ratio Rank: 86
FTAI Sortino Ratio Rank: 86
FTAI Omega Ratio Rank: 83
FTAI Calmar Ratio Rank: 87
FTAI Martin Ratio Rank: 85

BULZ

BULZ Risk / Return Rank: 59
BULZ Sharpe Ratio Rank: 72
BULZ Sortino Ratio Rank: 52
BULZ Omega Ratio Rank: 54
BULZ Calmar Ratio Rank: 67
BULZ Martin Ratio Rank: 51

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.

FTAI vs. BULZ - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Fortress Transportation and Infrastructure Investors LLC (FTAI) and MicroSectors FANG & Innovation 3X Leveraged ETNs (BULZ). 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.

	FTAI	BULZ	Difference
Sharpe ratio: Return per unit of total volatility	1.77	2.24	-0.47
Sortino ratio: Return per unit of downside risk	2.68	2.44	+0.24
Omega ratio: Gain probability vs. loss probability	1.32	1.32	0.00
Calmar ratio: Return relative to maximum drawdown	3.63	3.26	+0.36
Martin ratio: Return relative to average drawdown	8.57	8.46	+0.11

FTAI vs. BULZ - Sharpe Ratio Comparison

The current FTAI Sharpe Ratio is 1.77, which is comparable to the BULZ Sharpe Ratio of 2.24. The chart below compares the historical Sharpe Ratios of FTAI and BULZ, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

Drawdowns

FTAI vs. BULZ - Drawdown Comparison

The maximum FTAI drawdown since its inception was -72.79%, smaller than the maximum BULZ drawdown of -94.44%. Use the drawdown chart below to compare losses from any high point for FTAI and BULZ.

Drawdown Indicators

	FTAI	BULZ	Difference
Max Drawdown Largest peak-to-trough decline	-72.79%	-94.44%	+21.65%
Max Drawdown (1Y) Largest decline over 1 year	-31.15%	-54.22%	+23.07%
Max Drawdown (3Y) Largest decline over 3 years	-52.11%	-67.96%	+15.85%
Max Drawdown (5Y) Largest decline over 5 years	-53.57%	—	—
Max Drawdown (10Y) Largest decline over 10 years	-72.79%	—	—
Current Drawdown Current decline from peak	-11.96%	-24.05%	+12.09%
Average Drawdown Average peak-to-trough decline	-17.36%	-58.04%	+40.68%
Ulcer Index Depth and duration of drawdowns from previous peaks	13.16%	20.87%	-7.71%

Volatility

FTAI vs. BULZ - Volatility Comparison

The current volatility for Fortress Transportation and Infrastructure Investors LLC (FTAI) is 16.27%, while MicroSectors FANG & Innovation 3X Leveraged ETNs (BULZ) has a volatility of 33.09%. This indicates that FTAI experiences smaller price fluctuations and is considered to be less risky than BULZ based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	FTAI	BULZ	Difference
Volatility (1M) Calculated over the trailing 1-month period	16.27%	33.09%	-16.82%
Volatility (6M) Calculated over the trailing 6-month period	47.91%	62.60%	-14.69%
Volatility (1Y) Calculated over the trailing 1-year period	64.13%	79.22%	-15.09%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	56.50%	91.72%	-35.22%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	51.21%	91.72%	-40.51%

Dividends

FTAI vs. BULZ - Dividend Comparison

FTAI's dividend yield for the trailing twelve months is around 0.55%, while BULZ has not paid dividends to shareholders.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
BULZ MicroSectors FANG & Innovation 3X Leveraged ETNs	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
FTAI Fortress Transportation and Infrastructure Investors LLC	0.55%	0.64%	0.83%	2.59%	7.54%	4.56%	5.63%	6.76%	9.21%	6.62%	9.92%	4.26%

Frequently Asked Questions

Can I hold both FTAI and BULZ in my portfolio?

FTAI and BULZ have a correlation of 0.37, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, FTAI or BULZ?

BULZ has higher volatility (33.09%) compared to FTAI (16.27%). In terms of maximum drawdown, FTAI dropped -72.79% vs BULZ's -94.44%.

Which has better risk-adjusted returns?

BULZ currently has the higher Sharpe Ratio (2.24 vs 1.77), 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.