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.
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.
Performance
IRON vs. FNGU - Performance Comparison
Key characteristics
IRON:
-0.24
FNGU:
1.42
IRON:
0.19
FNGU:
1.92
IRON:
1.03
FNGU:
1.25
IRON:
-0.18
FNGU:
2.23
IRON:
-0.47
FNGU:
5.88
IRON:
37.27%
FNGU:
17.80%
IRON:
72.30%
FNGU:
73.84%
IRON:
-96.68%
FNGU:
-92.34%
IRON:
-89.94%
FNGU:
-6.65%
Returns By Period
In the year-to-date period, IRON achieves a -14.27% return, which is significantly lower than FNGU's 11.17% return.
IRON
-14.27%
-10.19%
11.49%
-16.20%
N/A
N/A
FNGU
11.17%
4.64%
66.72%
118.65%
44.51%
N/A
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Risk-Adjusted Performance
IRON vs. FNGU — Risk-Adjusted Performance Rank
IRON
FNGU
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
The current volatility for Disc Medicine Inc. (IRON) is 7.52%, while MicroSectors FANG+™ Index 3X Leveraged ETN (FNGU) has a volatility of 20.68%. This indicates that IRON 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.