MOD vs. FNGU
Compare and contrast key facts about Modine Manufacturing Company (MOD) and MicroSectors FANG+™ Index 3X Leveraged ETN (FNGU).
FNGU is a passively managed fund by Bank of Montreal that tracks the performance of the NYSE FANG (TR) (300%). It was launched on Jan 22, 2018.
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: MOD or FNGU.
Key characteristics
| MOD | FNGU | |
|---|---|---|
| YTD Return | 57.64% | 37.21% |
| 1Y Return | 382.62% | 241.69% |
| 3Y Return (Ann) | 79.46% | 3.03% |
| 5Y Return (Ann) | 43.96% | 43.80% |
| Sharpe Ratio | 6.42 | 3.57 |
| Daily Std Dev | 54.10% | 70.19% |
| Max Drawdown | -97.53% | -92.34% |
| Current Drawdown | -8.36% | -34.42% |
Correlation
The correlation between MOD and FNGU is 0.35, which is considered to be low. This implies their price changes are not closely related. A low correlation is generally favorable for portfolio diversification, as it helps to reduce overall risk by spreading it across multiple assets with different performance patterns.
Performance
MOD vs. FNGU - Performance Comparison
In the year-to-date period, MOD achieves a 57.64% return, which is significantly higher than FNGU's 37.21% 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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Risk-Adjusted Performance
MOD vs. FNGU - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for Modine Manufacturing Company (MOD) and MicroSectors FANG+™ Index 3X Leveraged ETN (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.
Dividends
MOD vs. FNGU - Dividend Comparison
Neither MOD nor FNGU has paid dividends to shareholders.
Drawdowns
MOD vs. FNGU - Drawdown Comparison
The maximum MOD drawdown since its inception was -97.53%, which is greater than FNGU's maximum drawdown of -92.34%. Use the drawdown chart below to compare losses from any high point for MOD and FNGU. For additional features, visit the drawdowns tool.
Volatility
MOD vs. FNGU - Volatility Comparison
The current volatility for Modine Manufacturing Company (MOD) is 12.39%, while MicroSectors FANG+™ Index 3X Leveraged ETN (FNGU) has a volatility of 24.32%. This indicates that MOD 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.