IGHG vs. FNGU
Compare and contrast key facts about ProShares Investment Grade-Interest Rate Hedged (IGHG) and MicroSectors FANG+™ Index 3X Leveraged ETN (FNGU).
IGHG and FNGU are both exchange-traded funds (ETFs), meaning they are traded on stock exchanges and can be bought and sold throughout the day. IGHG is a passively managed fund by ProShares that tracks the performance of the Citi Corporate Investment Grade (Treasury Rate-Hedged) Index. It was launched on Nov 5, 2013. 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. Both IGHG and FNGU are passive ETFs, meaning that they are not actively managed but aim to replicate the performance of the underlying index as closely as possible.
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: IGHG or FNGU.
Key characteristics
| IGHG | FNGU | |
|---|---|---|
| YTD Return | 8.22% | 126.45% |
| 1Y Return | 10.48% | 168.87% |
| 3Y Return (Ann) | 6.00% | 4.09% |
| 5Y Return (Ann) | 4.57% | 63.54% |
| Sharpe Ratio | 2.52 | 2.63 |
| Sortino Ratio | 3.60 | 2.73 |
| Omega Ratio | 1.51 | 1.37 |
| Calmar Ratio | 4.03 | 3.04 |
| Martin Ratio | 19.43 | 10.86 |
| Ulcer Index | 0.55% | 17.24% |
| Daily Std Dev | 4.21% | 71.12% |
| Max Drawdown | -25.16% | -92.34% |
| Current Drawdown | -0.24% | -5.75% |
Correlation
The correlation between IGHG and FNGU is 0.41, which is considered to be moderate. This suggests that the two assets have some degree of positive relationship in their price movements. Moderate correlation can be acceptable for portfolio diversification, offering a balance between risk and potential returns.
Performance
IGHG vs. FNGU - Performance Comparison
In the year-to-date period, IGHG achieves a 8.22% return, which is significantly lower than FNGU's 126.45% 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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IGHG vs. FNGU - Expense Ratio Comparison
IGHG has a 0.30% expense ratio, which is lower than FNGU's 0.95% expense ratio.
Risk-Adjusted Performance
IGHG vs. FNGU - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for ProShares Investment Grade-Interest Rate Hedged (IGHG) 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
IGHG vs. FNGU - Dividend Comparison
IGHG's dividend yield for the trailing twelve months is around 5.08%, while FNGU has not paid dividends to shareholders.
| TTM | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
IGHG ProShares Investment Grade-Interest Rate Hedged | 5.08% | 4.99% | 3.55% | 2.50% | 2.78% | 3.48% | 4.13% | 3.36% | 3.37% | 3.64% | 3.59% | 0.55% |
FNGU MicroSectors FANG+™ Index 3X Leveraged ETN | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
Drawdowns
IGHG vs. FNGU - Drawdown Comparison
The maximum IGHG drawdown since its inception was -25.16%, smaller than the maximum FNGU drawdown of -92.34%. Use the drawdown chart below to compare losses from any high point for IGHG and FNGU. For additional features, visit the drawdowns tool.
Volatility
IGHG vs. FNGU - Volatility Comparison
The current volatility for ProShares Investment Grade-Interest Rate Hedged (IGHG) is 1.90%, while MicroSectors FANG+™ Index 3X Leveraged ETN (FNGU) has a volatility of 18.92%. This indicates that IGHG 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.