META vs. FNGU
META (Meta Platforms, Inc.) is a stock, while FNGU (MicroSectors FANG+ 3X Leveraged ETNs) is Leveraged Equities fund tracking the NYSE FANG+ Index (Gross Total Return) (300%). Over the past year, META returned -16.71% vs 25.83% for FNGU. A 0.67 correlation means they provide meaningful diversification when combined.
Performance
META vs. FNGU - Performance Comparison
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Returns By Period
In the year-to-date period, META achieves a -14.03% return, which is significantly lower than FNGU's 3.96% return.
META
- 1D
- -0.26%
- 1M
- -7.69%
- YTD
- -14.03%
- 6M
- -11.84%
- 1Y
- -16.71%
- 3Y*
- 28.18%
- 5Y*
- 11.52%
- 10Y*
- 17.39%
FNGU
- 1D
- -2.52%
- 1M
- -13.99%
- YTD
- 3.96%
- 6M
- -3.67%
- 1Y
- 25.83%
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
META vs. FNGU - Yearly Performance Comparison
| 2026 (YTD) | 2025 | |
|---|---|---|
META Meta Platforms, Inc. | -14.03% | -5.91% |
FNGU MicroSectors FANG+ 3X Leveraged ETNs | 3.96% | 3.02% |
Correlation
The correlation between META and FNGU is 0.59, which is moderate. They share some common price drivers but move independently often enough to provide real diversification benefit when combined.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.59 |
Correlation (All Time) Calculated using the full available price history since Feb 20, 2025 | 0.67 |
The correlation between META and FNGU has been stable across timeframes, ranging from 0.59 to 0.67 - a consistent structural relationship.
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Return for Risk
META vs. FNGU — Risk / Return Rank
META
FNGU
META vs. FNGU - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Meta Platforms, Inc. (META) and MicroSectors FANG+ 3X Leveraged ETNs (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.
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.
| META | FNGU | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.86 | ||
| Sortino ratioReturn per unit of downside risk | -1.42 | ||
| Omega ratioGain probability vs. loss probability | 0.93 | 1.11 | -0.18 |
| Calmar ratioReturn relative to maximum drawdown | -0.54 | 0.36 | -0.90 |
| Martin ratioReturn relative to average drawdown | -1.12 | 0.85 | -1.98 |
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Drawdowns
META vs. FNGU - Drawdown Comparison
The maximum META drawdown since its inception was -76.74%, which is greater than FNGU's maximum drawdown of -61.30%. Use the drawdown chart below to compare losses from any high point for META and FNGU.
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Drawdown Indicators
| META | FNGU | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -76.74% | -61.30% | -15.44% |
Max Drawdown (1Y)Largest decline over 1 year | -33.30% | -59.55% | +26.25% |
Max Drawdown (3Y)Largest decline over 3 years | -34.15% | — | — |
Max Drawdown (5Y)Largest decline over 5 years | -76.74% | — | — |
Max Drawdown (10Y)Largest decline over 10 years | -76.74% | — | — |
Current DrawdownCurrent decline from peak | -28.06% | -27.36% | -0.70% |
Average DrawdownAverage peak-to-trough decline | -15.83% | -22.25% | +6.42% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 16.06% | 24.91% | -8.85% |
Volatility
META vs. FNGU - Volatility Comparison
The current volatility for Meta Platforms, Inc. (META) is 10.17%, while MicroSectors FANG+ 3X Leveraged ETNs (FNGU) has a volatility of 27.31%. This indicates that META 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.
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Volatility by Period
| META | FNGU | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 10.17% | 27.31% | -17.14% |
Volatility (6M)Calculated over the trailing 6-month period | 26.91% | 50.15% | -23.24% |
Volatility (1Y)Calculated over the trailing 1-year period | 35.52% | 61.43% | -25.91% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 44.04% | 79.93% | -35.89% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 38.67% | 79.93% | -41.26% |
Dividends
META vs. FNGU - Dividend Comparison
META's dividend yield for the trailing twelve months is around 0.37%, while FNGU has not paid dividends to shareholders.
| Position | TTM | 2025 | 2024 |
|---|---|---|---|
FNGU MicroSectors FANG+ 3X Leveraged ETNs | 0.00% | 0.00% | 0.00% |
META Meta Platforms, Inc. | 0.37% | 0.32% | 0.34% |
Frequently Asked Questions
META and FNGU have a correlation of 0.59, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
FNGU has higher volatility (27.31%) compared to META (10.17%). In terms of maximum drawdown, META dropped -76.74% vs FNGU's -61.30%.
FNGU currently has the higher Sharpe Ratio (0.35 vs -0.51), 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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