MARA vs. FNGS
MARA (MARA Holdings, Inc.) is a stock, while FNGS (MicroSectors FANG+ ETN) is Large Cap Growth Equities fund tracking the NYSE FANG+ Index. Over the past 5 years, MARA returned -11.91%/yr vs 19.76%/yr for FNGS. At a 0.45 correlation, their price movements are largely independent.
Performance
MARA vs. FNGS - Performance Comparison
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Returns By Period
In the year-to-date period, MARA achieves a 56.79% return, which is significantly higher than FNGS's 6.79% return.
MARA
- 1D
- 3.45%
- 1M
- 13.18%
- YTD
- 56.79%
- 6M
- 22.22%
- 1Y
- -6.38%
- 3Y*
- 13.30%
- 5Y*
- -11.91%
- 10Y*
- -10.09%
FNGS
- 1D
- -0.94%
- 1M
- -1.94%
- YTD
- 6.79%
- 6M
- 4.25%
- 1Y
- 19.09%
- 3Y*
- 29.80%
- 5Y*
- 19.76%
- 10Y*
- —
MARA vs. FNGS - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | |
|---|---|---|---|---|---|---|---|---|
MARA MARA Holdings, Inc. | 56.79% | -46.45% | -28.61% | 586.84% | -89.59% | 214.75% | 1,084.48% | -30.05% |
FNGS MicroSectors FANG+ ETN | 6.79% | 18.64% | 51.99% | 95.24% | -40.32% | 16.96% | 101.99% | 10.10% |
Correlation
The correlation between MARA and FNGS is 0.39, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.39 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.38 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.50 |
Correlation (All Time) Calculated using the full available price history since Nov 13, 2019 | 0.45 |
The correlation between MARA and FNGS shifts across timeframes, from 0.38 (3 years) to 0.50 (5 years), reflecting how their relationship changes across market environments.
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Return for Risk
MARA vs. FNGS — Risk / Return Rank
MARA
FNGS
MARA vs. FNGS - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for MARA Holdings, Inc. (MARA) 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.
| MARA | FNGS | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.93 | ||
| Sortino ratioReturn per unit of downside risk | -0.82 | ||
| Omega ratioGain probability vs. loss probability | 1.04 | 1.15 | -0.11 |
| Calmar ratioReturn relative to maximum drawdown | -0.16 | 0.75 | -0.90 |
| Martin ratioReturn relative to average drawdown | -0.26 | 2.12 | -2.38 |
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Drawdowns
MARA vs. FNGS - Drawdown Comparison
The maximum MARA drawdown since its inception was -99.74%, which is greater than FNGS's maximum drawdown of -48.98%. Use the drawdown chart below to compare losses from any high point for MARA and FNGS.
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Drawdown Indicators
| MARA | FNGS | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -99.74% | -48.98% | -50.76% |
Max Drawdown (1Y)Largest decline over 1 year | -70.53% | -22.93% | -47.60% |
Max Drawdown (3Y)Largest decline over 3 years | -78.34% | -26.77% | -51.57% |
Max Drawdown (5Y)Largest decline over 5 years | -95.87% | -48.98% | -46.89% |
Max Drawdown (10Y)Largest decline over 10 years | -99.20% | — | — |
Current DrawdownCurrent decline from peak | -90.90% | -9.63% | -81.27% |
Average DrawdownAverage peak-to-trough decline | -78.00% | -10.85% | -67.15% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 42.56% | 8.05% | +34.51% |
Volatility
MARA vs. FNGS - Volatility Comparison
MARA Holdings, Inc. (MARA) has a higher volatility of 23.71% compared to MicroSectors FANG+ ETN (FNGS) at 8.74%. This indicates that MARA's price experiences larger fluctuations and is considered to be riskier than FNGS based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| MARA | FNGS | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 23.71% | 8.74% | +14.97% |
Volatility (6M)Calculated over the trailing 6-month period | 60.50% | 17.19% | +43.31% |
Volatility (1Y)Calculated over the trailing 1-year period | 79.29% | 21.65% | +57.64% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 105.98% | 30.10% | +75.88% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 144.15% | 31.17% | +112.98% |
Dividends
MARA vs. FNGS - Dividend Comparison
Neither MARA nor FNGS has paid dividends to shareholders.
Frequently Asked Questions
MARA and FNGS have a correlation of 0.39, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
MARA has higher volatility (23.71%) compared to FNGS (8.74%). In terms of maximum drawdown, MARA dropped -99.74% vs FNGS's -48.98%.
FNGS currently has the higher Sharpe Ratio (0.79 vs -0.14), 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.
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