GPIQ vs. FNGU
Compare and contrast key facts about Goldman Sachs Nasdaq-100 Core Premium Income ETF (GPIQ) and MicroSectors FANG+™ Index 3X Leveraged ETN (FNGU).
GPIQ and FNGU are both exchange-traded funds (ETFs), meaning they are traded on stock exchanges and can be bought and sold throughout the day. GPIQ is an actively managed fund by Goldman Sachs. It was launched on Oct 24, 2023. FNGU is a passively managed fund by Bank of Montreal that tracks the performance of the NYSE FANG (TR) (300%). It was launched on Jan 22, 2018.
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: GPIQ or FNGU.
Key characteristics
| GPIQ | FNGU | |
|---|---|---|
| YTD Return | 23.10% | 120.95% |
| 1Y Return | 30.90% | 178.88% |
| Sharpe Ratio | 2.26 | 2.82 |
| Sortino Ratio | 3.00 | 2.84 |
| Omega Ratio | 1.43 | 1.38 |
| Calmar Ratio | 2.85 | 3.24 |
| Martin Ratio | 11.62 | 11.71 |
| Ulcer Index | 2.86% | 17.24% |
| Daily Std Dev | 14.64% | 71.25% |
| Max Drawdown | -11.66% | -92.34% |
| Current Drawdown | 0.00% | -8.04% |
Correlation
The correlation between GPIQ and FNGU is 0.92, which is considered to be high. That indicates a strong positive relationship between their price movements. Having highly-correlated positions in a portfolio may signal a lack of diversification, potentially leading to increased risk during market downturns.
Performance
GPIQ vs. FNGU - Performance Comparison
In the year-to-date period, GPIQ achieves a 23.10% return, which is significantly lower than FNGU's 120.95% 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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GPIQ vs. FNGU - Expense Ratio Comparison
GPIQ has a 0.29% expense ratio, which is lower than FNGU's 0.95% expense ratio.
Risk-Adjusted Performance
GPIQ vs. FNGU - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for Goldman Sachs Nasdaq-100 Core Premium Income ETF (GPIQ) and MicroSectors FANG+™ Index 3X Leveraged ETN (FNGU). 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
GPIQ vs. FNGU - Dividend Comparison
GPIQ's dividend yield for the trailing twelve months is around 9.78%, while FNGU has not paid dividends to shareholders.
| TTM | 2023 | |
|---|---|---|
GPIQ Goldman Sachs Nasdaq-100 Core Premium Income ETF | 9.78% | 1.74% |
FNGU MicroSectors FANG+™ Index 3X Leveraged ETN | 0.00% | 0.00% |
Drawdowns
GPIQ vs. FNGU - Drawdown Comparison
The maximum GPIQ drawdown since its inception was -11.66%, smaller than the maximum FNGU drawdown of -92.34%. Use the drawdown chart below to compare losses from any high point for GPIQ and FNGU. For additional features, visit the drawdowns tool.
Volatility
GPIQ vs. FNGU - Volatility Comparison
The current volatility for Goldman Sachs Nasdaq-100 Core Premium Income ETF (GPIQ) is 4.23%, while MicroSectors FANG+™ Index 3X Leveraged ETN (FNGU) has a volatility of 19.54%. This indicates that GPIQ experiences smaller price fluctuations and is considered to be less risky than FNGU based on this measure. The chart below showcases a comparison of their rolling one-month volatility.