IRON vs. FNGU
Compare and contrast key facts about Disc Medicine Inc. (IRON) and MicroSectors FANG+™ Index 3X Leveraged ETN (FNGU).
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: IRON or FNGU.
Performance
IRON vs. FNGU - Performance Comparison
Returns By Period
In the year-to-date period, IRON achieves a 9.95% return, which is significantly lower than FNGU's 117.45% return.
IRON
9.95%
24.72%
90.42%
22.12%
N/A
N/A
FNGU
117.45%
9.08%
43.30%
147.64%
61.98%
N/A
Key characteristics
| IRON | FNGU | |
|---|---|---|
| Sharpe Ratio | 0.31 | 2.07 |
| Sortino Ratio | 0.93 | 2.40 |
| Omega Ratio | 1.16 | 1.32 |
| Calmar Ratio | 0.24 | 2.41 |
| Martin Ratio | 0.63 | 8.55 |
| Ulcer Index | 35.97% | 17.32% |
| Daily Std Dev | 73.59% | 71.42% |
| Max Drawdown | -96.68% | -92.34% |
| Current Drawdown | -88.24% | -9.49% |
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Correlation
The correlation between IRON and FNGU is 0.19, 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.
Risk-Adjusted Performance
IRON vs. FNGU - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for Disc Medicine Inc. (IRON) 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
IRON vs. FNGU - Dividend Comparison
Neither IRON nor FNGU has paid dividends to shareholders.
Drawdowns
IRON vs. FNGU - Drawdown Comparison
The maximum IRON drawdown since its inception was -96.68%, roughly equal to the maximum FNGU drawdown of -92.34%. Use the drawdown chart below to compare losses from any high point for IRON and FNGU. For additional features, visit the drawdowns tool.
Volatility
IRON vs. FNGU - Volatility Comparison
Disc Medicine Inc. (IRON) has a higher volatility of 26.49% compared to MicroSectors FANG+™ Index 3X Leveraged ETN (FNGU) at 20.00%. This indicates that IRON's price experiences larger fluctuations and is considered to be riskier than FNGU based on this measure. The chart below showcases a comparison of their rolling one-month volatility.