ITAN vs. FNGS

Last updated Aug 2, 2026

ITAN (Sparkline Intangible Value ETF) and FNGS (MicroSectors FANG+ ETN) are both exchange-traded funds - ITAN is a Large Cap Value Equities fund actively managed by Sparkline, while FNGS is a Large Cap Growth Equities fund tracking the NYSE FANG+ Index. ITAN is actively managed, while FNGS is passively managed. Over the past 5 years, ITAN returned 12.16%/yr vs 18.98%/yr for FNGS. Their 0.73 correlation means they have sometimes moved together and sometimes differently. ITAN charges 0.50%/yr vs 0.58%/yr for FNGS.

Performance

ITAN vs. FNGS - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Sparkline Intangible Value ETF (ITAN) and MicroSectors FANG+ ETN (FNGS). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, ITAN achieves a 16.15% return, which is significantly higher than FNGS's 9.02% return.

ITAN

• 1D: 1.02%
• 1M: 1.85%
• 6M: 13.28%
• YTD: 16.15%
• 1Y: 36.02%
• 3Y*: 20.69%
• 5Y*: 12.16%
• 10Y*: —
• ALL TIME*: 12.19%

FNGS

• 1D: 1.63%
• 1M: 0.59%
• 6M: 12.42%
• YTD: 9.02%
• 1Y: 15.45%
• 3Y*: 28.64%
• 5Y*: 18.98%
• 10Y*: —
• ALL TIME*: 30.45%

*Multi-year figures are annualized to reflect compound growth (CAGR)

Liquidity Comparison

Position	Avg. Volume Value (2W)	Avg. Volume Value (1M)	Avg. Volume Value (3M)
FNGS MicroSectors FANG+ ETN	$1.57M	$1.92M	$2.40M
ITAN Sparkline Intangible Value ETF	$1.57M	$914.52K	$523.15K

ITAN vs. FNGS - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021
ITAN Sparkline Intangible Value ETF	16.15%	20.46%	17.76%	34.58%	-24.33%	6.99%
FNGS MicroSectors FANG+ ETN	9.02%	18.64%	51.99%	95.24%	-40.32%	1.50%

Correlation

The correlation between ITAN and FNGS is 0.57, which is moderate. They have sometimes moved together and sometimes differently, sharing some price drivers without tracking each other closely.

	Correlation
Correlation (1Y) Focuses on recent behavior, but can change the most.	0.57
Correlation (3Y) Balances recent behavior with more history.	0.61
Correlation (5Y) Shows whether the relationship held over a longer period.	0.73
Correlation (All Time) Calculated using the full available price history since Jun 29, 2021	0.73

The correlation between ITAN and FNGS shifts across timeframes, from 0.57 (1 year) to 0.73 (5 years), reflecting how their relationship changes across market environments.

ITAN vs. FNGS - Sectors Allocation Comparison

Sectors	ITAN	FNGS
Technology	31.3%	59.6%
Healthcare	18.5%	-
Communication Services	13.5%	30.0%
Consumer Cyclical	13.0%	10.4%
Industrials	12.8%	-
Financial Services	4.5%	10.0%
Consumer Defensive	3.8%	-
Basic Materials	1.5%	-
Energy	0.7%	-
Real Estate	0.4%	-
Utilities	-	-

Return for Risk

ITAN vs. FNGS — Risk / Return Rank

Compare historical risk-adjusted metric ranks over the past 12 months.

ITAN

ITAN Risk / Return Rank: 89
ITAN Sharpe Ratio Rank: 91
ITAN Sortino Ratio Rank: 90
ITAN Omega Ratio Rank: 88
ITAN Calmar Ratio Rank: 89
ITAN Martin Ratio Rank: 89

FNGS

FNGS Risk / Return Rank: 22
FNGS Sharpe Ratio Rank: 23
FNGS Sortino Ratio Rank: 23
FNGS Omega Ratio Rank: 23
FNGS Calmar Ratio Rank: 20
FNGS Martin Ratio Rank: 21

The rank (0–100) uses a weighted average of the Sharpe, Sortino, Omega, Calmar, and Martin percentile ranks for the trailing 12 months. Higher means stronger historical risk-adjusted performance within the peer group.

ITAN vs. FNGS - Risk-Adjusted Trends 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.

Values are calculated on a 1-year rolling basis and updated daily. Risk-adjusted metrics are more stable over longer periods — use the period switch above to explore them.

	ITAN	FNGS	Difference
Sharpe ratio: Return per unit of total volatility	2.30	0.52	+1.78
Sortino ratio: Return per unit of downside risk	3.12	0.86	+2.26
Omega ratio: Gain probability vs. loss probability	1.39	1.10	+0.29
Calmar ratio: Return relative to maximum drawdown	3.74	0.51	+3.22
Martin ratio: Return relative to average drawdown	13.81	1.37	+12.45

ITAN vs. FNGS - Sharpe Ratio Comparison

The current ITAN Sharpe Ratio is 2.30, which is higher than the FNGS Sharpe Ratio of 0.52. The chart below compares the historical Sharpe Ratios of ITAN and FNGS, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

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.

Drawdown Indicators

	ITAN	FNGS	Difference
Max Drawdown Largest peak-to-trough decline	-30.41%	-48.98%	+18.57%
Max Drawdown (1Y) Largest decline over 1 year	-9.03%	-22.93%	+13.90%
Max Drawdown (3Y) Largest decline over 3 years	-20.47%	-26.77%	+6.30%
Max Drawdown (5Y) Largest decline over 5 years	-30.41%	-48.98%	+18.57%
Current Drawdown Current decline from peak	-0.24%	-7.74%	+7.50%
Average Drawdown Average peak-to-trough decline	-7.45%	-10.80%	+3.35%
Ulcer Index Depth and duration of drawdowns from previous peaks	2.44%	8.61%	-6.17%

Volatility

ITAN vs. FNGS - Volatility Comparison

The current volatility for Sparkline Intangible Value ETF (ITAN) is 3.67%, while MicroSectors FANG+ ETN (FNGS) has a volatility of 5.87%. 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.

Volatility by Period

	ITAN	FNGS	Difference
Volatility (1M) Calculated over the trailing 1-month period	3.67%	5.87%	-2.20%
Volatility (6M) Calculated over the trailing 6-month period	10.86%	18.36%	-7.50%
Volatility (1Y) Calculated over the trailing 1-year period	14.74%	22.86%	-8.12%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	19.02%	30.29%	-11.27%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	18.91%	31.07%	-12.16%

ITAN vs. FNGS - Expense Ratio Comparison

ITAN has a 0.50% expense ratio, which is lower than FNGS's 0.58% expense ratio.

Dividends

ITAN vs. FNGS - Dividend Comparison

ITAN's dividend yield for the trailing twelve months is around 1.03%, while FNGS has not paid dividends to shareholders.

Position	TTM	2025	2024	2023	2022	2021
FNGS MicroSectors FANG+ ETN	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
ITAN Sparkline Intangible Value ETF	1.03%	0.94%	1.14%	1.01%	0.57%	0.45%

Frequently Asked Questions

Can I hold both ITAN and FNGS in my portfolio?

ITAN and FNGS have a correlation of 0.57, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, ITAN or FNGS?

FNGS has higher volatility (5.87%) compared to ITAN (3.67%). In terms of maximum drawdown, ITAN dropped -30.41% vs FNGS's -48.98%.

Which ETF is better, ITAN or FNGS?

On 5-year performance, FNGS leads with 18.98% vs 12.16% for ITAN. On fees, ITAN is cheaper at 0.50% per year. On volatility, ITAN has been the lower-risk option at 3.67%. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF has performed better, ITAN or FNGS?

Over the 5-year period, FNGS has performed better with a 18.98% return vs 12.16%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.

Which ETF is cheaper, ITAN or FNGS?

ITAN is cheaper with a 0.50% expense ratio, compared with 0.58% for FNGS.

Which ETF pays a higher dividend yield, ITAN or FNGS?

ITAN has the higher dividend yield at 1.03%, compared with 0.00% for FNGS.

What is the main difference between ITAN and FNGS?

ITAN is categorized as Large Cap Value Equities, while FNGS is Large Cap Growth Equities. They also come from different issuers: Sparkline and BMO. Their fees differ too: 0.50% for ITAN and 0.58% for FNGS.

Which has better risk-adjusted returns?

ITAN currently has the higher Sharpe Ratio (2.30 vs 0.52), meaning it's delivered slightly more return per unit of risk over the trailing 12 months. However, this ranking shifts over time - use the Risk/Return Score above for a more comprehensive view that combines Sharpe, Sortino, and other measures used by quantitative funds.