Correlation
The correlation between ITAN and FNGS is 0.82, 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.
ITAN vs. FNGS
Compare and contrast key facts about Sparkline Intangible Value ETF (ITAN) and MicroSectors FANG+ ETN (FNGS).
ITAN and FNGS are both exchange-traded funds (ETFs), meaning they are traded on stock exchanges and can be bought and sold throughout the day. ITAN is an actively managed fund by EMPIRICAL FINANCE LLC. It was launched on Jun 29, 2021. FNGS is a passively managed fund by BMO Financial Group that tracks the performance of the NYSE FANG+ Index. It was launched on Nov 12, 2019.
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: ITAN or FNGS.
Performance
ITAN vs. FNGS - Performance Comparison
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Key characteristics
ITAN:
0.61
FNGS:
1.01
ITAN:
0.90
FNGS:
1.43
ITAN:
1.13
FNGS:
1.19
ITAN:
0.54
FNGS:
1.12
ITAN:
1.95
FNGS:
3.24
ITAN:
5.63%
FNGS:
9.24%
ITAN:
20.40%
FNGS:
32.59%
ITAN:
-30.41%
FNGS:
-48.98%
ITAN:
-6.13%
FNGS:
-2.54%
Returns By Period
In the year-to-date period, ITAN achieves a -0.70% return, which is significantly lower than FNGS's 4.20% return.
ITAN
-0.70%
5.55%
-4.24%
12.35%
12.14%
N/A
N/A
FNGS
4.20%
12.20%
11.14%
32.70%
37.54%
29.02%
N/A
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ITAN vs. FNGS - Expense Ratio Comparison
ITAN has a 0.50% expense ratio, which is lower than FNGS's 0.58% expense ratio.
Risk-Adjusted Performance
ITAN vs. FNGS — Risk-Adjusted Performance Rank
ITAN
FNGS
ITAN vs. FNGS - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for Sparkline Intangible Value ETF (ITAN) and MicroSectors FANG+ ETN (FNGS). 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.
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Dividends
ITAN vs. FNGS - Dividend Comparison
ITAN's dividend yield for the trailing twelve months is around 0.92%, while FNGS has not paid dividends to shareholders.
| TTM | 2024 | 2023 | 2022 | 2021 | |
|---|---|---|---|---|---|
ITAN Sparkline Intangible Value ETF | 0.92% | 1.14% | 1.01% | 0.57% | 0.45% |
FNGS MicroSectors FANG+ ETN | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
Drawdowns
ITAN vs. FNGS - Drawdown Comparison
The maximum ITAN drawdown since its inception was -30.41%, smaller than the maximum FNGS drawdown of -48.98%. Use the drawdown chart below to compare losses from any high point for ITAN and FNGS.
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Volatility
ITAN vs. FNGS - Volatility Comparison
The current volatility for Sparkline Intangible Value ETF (ITAN) is 5.21%, while MicroSectors FANG+ ETN (FNGS) has a volatility of 7.17%. This indicates that ITAN experiences smaller price fluctuations and is considered to be less risky than FNGS based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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