MAGSX vs. FNGS
Compare and contrast key facts about Madison Aggressive Allocation Fund (MAGSX) and MicroSectors FANG+ ETN (FNGS).
MAGSX is managed by Madison Funds. It was launched on Jun 29, 2006. 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: MAGSX or FNGS.
Key characteristics
| MAGSX | FNGS | |
|---|---|---|
| YTD Return | 5.52% | 18.07% |
| 1Y Return | 13.35% | 59.71% |
| 3Y Return (Ann) | 1.27% | 17.16% |
| Sharpe Ratio | 1.69 | 2.59 |
| Daily Std Dev | 8.21% | 23.70% |
| Max Drawdown | -56.42% | -48.98% |
| Current Drawdown | -0.26% | -0.13% |
Correlation
The correlation between MAGSX and FNGS is 0.73, 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.
Performance
MAGSX vs. FNGS - Performance Comparison
In the year-to-date period, MAGSX achieves a 5.52% return, which is significantly lower than FNGS's 18.07% return. The chart below displays the growth of a $10,000 investment in both assets, with all prices adjusted for splits and dividends.
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MAGSX vs. FNGS - Expense Ratio Comparison
MAGSX has a 0.71% expense ratio, which is higher than FNGS's 0.58% expense ratio.
Risk-Adjusted Performance
MAGSX vs. FNGS - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for Madison Aggressive Allocation Fund (MAGSX) 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.
Dividends
MAGSX vs. FNGS - Dividend Comparison
MAGSX's dividend yield for the trailing twelve months is around 1.79%, while FNGS has not paid dividends to shareholders.
| TTM | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
MAGSX Madison Aggressive Allocation Fund | 1.79% | 1.89% | 1.26% | 9.97% | 8.66% | 5.42% | 10.79% | 5.89% | 3.82% | 9.57% | 9.71% | 0.34% |
FNGS MicroSectors FANG+ ETN | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
Drawdowns
MAGSX vs. FNGS - Drawdown Comparison
The maximum MAGSX drawdown since its inception was -56.42%, which is greater than FNGS's maximum drawdown of -48.98%. Use the drawdown chart below to compare losses from any high point for MAGSX and FNGS. For additional features, visit the drawdowns tool.
Volatility
MAGSX vs. FNGS - Volatility Comparison
The current volatility for Madison Aggressive Allocation Fund (MAGSX) is 2.38%, while MicroSectors FANG+ ETN (FNGS) has a volatility of 7.36%. This indicates that MAGSX 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.