GNW vs. FNGS
Compare and contrast key facts about Genworth Financial, Inc. (GNW) and MicroSectors FANG+ ETN (FNGS).
FNGS is a passively managed fund by BMO Financial Group that tracks the performance of the NYSE FANG+ Index. It was launched on Nov 12, 2019.
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: GNW or FNGS.
Key characteristics
GNW | FNGS | |
---|---|---|
YTD Return | -9.13% | 10.84% |
1Y Return | 10.97% | 59.17% |
3Y Return (Ann) | 12.02% | 12.06% |
Sharpe Ratio | 0.16 | 2.43 |
Daily Std Dev | 34.82% | 23.74% |
Max Drawdown | -97.63% | -48.98% |
Current Drawdown | -82.88% | -6.25% |
Correlation
The correlation between GNW and FNGS is 0.30, which is considered to be low. This implies their price changes are not closely related. A low correlation is generally favorable for portfolio diversification, as it helps to reduce overall risk by spreading it across multiple assets with different performance patterns.
Performance
GNW vs. FNGS - Performance Comparison
In the year-to-date period, GNW achieves a -9.13% return, which is significantly lower than FNGS's 10.84% return. The chart below displays the growth of a $10,000 investment in both assets, with all prices adjusted for splits and dividends.
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Risk-Adjusted Performance
GNW vs. FNGS - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for Genworth Financial, Inc. (GNW) 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.
Dividends
GNW vs. FNGS - Dividend Comparison
Neither GNW nor FNGS has paid dividends to shareholders.
Drawdowns
GNW vs. FNGS - Drawdown Comparison
The maximum GNW drawdown since its inception was -97.63%, which is greater than FNGS's maximum drawdown of -48.98%. Use the drawdown chart below to compare losses from any high point for GNW and FNGS. For additional features, visit the drawdowns tool.
Volatility
GNW vs. FNGS - Volatility Comparison
The current volatility for Genworth Financial, Inc. (GNW) is 6.77%, while MicroSectors FANG+ ETN (FNGS) has a volatility of 7.96%. This indicates that GNW experiences smaller price fluctuations and is considered to be less risky than FNGS based on this measure. The chart below showcases a comparison of their rolling one-month volatility.