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:
0.18
FNGU:
2.30
IRON:
0.78
FNGU:
2.51
IRON:
1.13
FNGU:
1.34
IRON:
0.14
FNGU:
2.93
IRON:
0.36
FNGU:
9.73
IRON:
36.19%
FNGU:
17.43%
IRON:
73.68%
FNGU:
73.68%
IRON:
-96.68%
FNGU:
-92.34%
IRON:
-88.06%
FNGU:
-11.51%
Returns By Period
In the year-to-date period, IRON achieves a 11.67% return, which is significantly lower than FNGU's 164.07% return.
IRON
11.67%
3.12%
45.99%
10.67%
N/A
N/A
FNGU
164.07%
21.30%
43.69%
159.48%
59.63%
N/A
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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
The current volatility for Disc Medicine Inc. (IRON) is 10.61%, while MicroSectors FANG+™ Index 3X Leveraged ETN (FNGU) has a volatility of 22.41%. 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.