MSTR vs. FNGS
MSTR (Strategy 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, MSTR returned 19.14%/yr vs 19.76%/yr for FNGS. At a 0.49 correlation, their price movements are largely independent.
Performance
MSTR vs. FNGS - Performance Comparison
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Returns By Period
In the year-to-date period, MSTR achieves a -18.41% return, which is significantly lower than FNGS's 6.79% return.
MSTR
- 1D
- 3.18%
- 1M
- -30.37%
- YTD
- -18.41%
- 6M
- -29.74%
- 1Y
- -67.36%
- 3Y*
- 63.46%
- 5Y*
- 19.14%
- 10Y*
- 20.92%
FNGS
- 1D
- -0.94%
- 1M
- -3.20%
- YTD
- 6.79%
- 6M
- 4.25%
- 1Y
- 17.02%
- 3Y*
- 29.80%
- 5Y*
- 19.76%
- 10Y*
- —
MSTR vs. FNGS - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | |
|---|---|---|---|---|---|---|---|---|
MSTR Strategy Inc | -18.41% | -47.53% | 358.54% | 346.15% | -74.00% | 40.13% | 172.42% | -9.76% |
FNGS MicroSectors FANG+ ETN | 6.79% | 18.64% | 51.99% | 95.24% | -40.32% | 16.96% | 101.99% | 10.10% |
Correlation
The correlation between MSTR and FNGS is 0.44, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.44 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.38 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.51 |
Correlation (All Time) Calculated using the full available price history since Nov 13, 2019 | 0.49 |
The correlation between MSTR and FNGS shifts across timeframes, from 0.38 (3 years) to 0.51 (5 years), reflecting how their relationship changes across market environments.
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Return for Risk
MSTR vs. FNGS — Risk / Return Rank
MSTR
FNGS
MSTR vs. FNGS - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Strategy Inc (MSTR) 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.
| MSTR | FNGS | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -1.74 | ||
| Sortino ratioReturn per unit of downside risk | -2.89 | ||
| Omega ratioGain probability vs. loss probability | 0.82 | 1.15 | -0.33 |
| Calmar ratioReturn relative to maximum drawdown | -0.88 | 0.75 | -1.63 |
| Martin ratioReturn relative to average drawdown | -1.27 | 2.12 | -3.39 |
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Drawdowns
MSTR vs. FNGS - Drawdown Comparison
The maximum MSTR drawdown since its inception was -99.86%, which is greater than FNGS's maximum drawdown of -48.98%. Use the drawdown chart below to compare losses from any high point for MSTR and FNGS.
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Drawdown Indicators
| MSTR | FNGS | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -99.86% | -48.98% | -50.88% |
Max Drawdown (1Y)Largest decline over 1 year | -76.53% | -22.93% | -53.60% |
Max Drawdown (3Y)Largest decline over 3 years | -77.42% | -26.77% | -50.65% |
Max Drawdown (5Y)Largest decline over 5 years | -84.11% | -48.98% | -35.13% |
Max Drawdown (10Y)Largest decline over 10 years | -89.27% | — | — |
Current DrawdownCurrent decline from peak | -73.84% | -9.63% | -64.21% |
Average DrawdownAverage peak-to-trough decline | -86.45% | -10.85% | -75.60% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 53.01% | 8.05% | +44.96% |
Volatility
MSTR vs. FNGS - Volatility Comparison
Strategy Inc (MSTR) has a higher volatility of 21.60% compared to MicroSectors FANG+ ETN (FNGS) at 8.74%. This indicates that MSTR'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
| MSTR | FNGS | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 21.60% | 8.74% | +12.86% |
Volatility (6M)Calculated over the trailing 6-month period | 57.34% | 17.19% | +40.15% |
Volatility (1Y)Calculated over the trailing 1-year period | 71.15% | 21.65% | +49.50% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 90.79% | 30.10% | +60.69% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 73.80% | 31.17% | +42.63% |
Dividends
MSTR vs. FNGS - Dividend Comparison
Neither MSTR nor FNGS has paid dividends to shareholders.
Frequently Asked Questions
MSTR and FNGS have a correlation of 0.44, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
MSTR has higher volatility (21.60%) compared to FNGS (8.74%). In terms of maximum drawdown, MSTR dropped -99.86% vs FNGS's -48.98%.
FNGS currently has the higher Sharpe Ratio (0.79 vs -0.95), 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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