MVST vs. FNGS
MVST (Microvast 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, MVST returned -39.10%/yr vs 19.76%/yr for FNGS. At a 0.28 correlation, their price movements are largely independent.
Performance
MVST vs. FNGS - Performance Comparison
Loading charts...
Returns By Period
In the year-to-date period, MVST achieves a -59.64% return, which is significantly lower than FNGS's 6.79% return.
MVST
- 1D
- 0.00%
- 1M
- -25.66%
- YTD
- -59.64%
- 6M
- -62.46%
- 1Y
- -73.10%
- 3Y*
- -10.38%
- 5Y*
- -39.10%
- 10Y*
- —
FNGS
- 1D
- -0.94%
- 1M
- -3.20%
- YTD
- 6.79%
- 6M
- 4.25%
- 1Y
- 17.02%
- 3Y*
- 29.80%
- 5Y*
- 19.76%
- 10Y*
- —
MVST vs. FNGS - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | |
|---|---|---|---|---|---|---|---|---|
MVST Microvast Holdings, Inc. | -59.64% | 35.27% | 47.86% | -8.50% | -72.97% | -66.90% | 71.69% | 0.30% |
FNGS MicroSectors FANG+ ETN | 6.79% | 18.64% | 51.99% | 95.24% | -40.32% | 16.96% | 101.99% | 10.10% |
Correlation
The correlation between MVST and FNGS is 0.35, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.35 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.22 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.32 |
Correlation (All Time) Calculated using the full available price history since Nov 13, 2019 | 0.28 |
The correlation between MVST and FNGS shifts across timeframes, from 0.22 (3 years) to 0.35 (1 year), reflecting how their relationship changes across market environments.
Compare stocks, funds, or ETFs
Search for stocks, ETFs, and funds for a quick comparison or use the comparison tool for more options.
Return for Risk
MVST vs. FNGS — Risk / Return Rank
MVST
FNGS
MVST vs. FNGS - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Microvast Holdings, Inc. (MVST) 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.
| MVST | FNGS | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -1.56 | ||
| Sortino ratioReturn per unit of downside risk | -2.38 | ||
| Omega ratioGain probability vs. loss probability | 0.85 | 1.15 | -0.29 |
| Calmar ratioReturn relative to maximum drawdown | -0.89 | 0.75 | -1.63 |
| Martin ratioReturn relative to average drawdown | -1.40 | 2.12 | -3.52 |
Loading charts...
Drawdowns
MVST vs. FNGS - Drawdown Comparison
The maximum MVST drawdown since its inception was -99.34%, which is greater than FNGS's maximum drawdown of -48.98%. Use the drawdown chart below to compare losses from any high point for MVST and FNGS.
Loading charts...
Drawdown Indicators
| MVST | FNGS | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -99.34% | -48.98% | -50.36% |
Max Drawdown (1Y)Largest decline over 1 year | -82.34% | -22.93% | -59.41% |
Max Drawdown (3Y)Largest decline over 3 years | -94.40% | -26.77% | -67.63% |
Max Drawdown (5Y)Largest decline over 5 years | -98.91% | -48.98% | -49.93% |
Current DrawdownCurrent decline from peak | -95.39% | -9.63% | -85.76% |
Average DrawdownAverage peak-to-trough decline | -63.32% | -10.85% | -52.47% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 52.31% | 8.05% | +44.26% |
Volatility
MVST vs. FNGS - Volatility Comparison
Microvast Holdings, Inc. (MVST) has a higher volatility of 26.91% compared to MicroSectors FANG+ ETN (FNGS) at 8.74%. This indicates that MVST'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.
Loading charts...
Volatility by Period
| MVST | FNGS | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 26.91% | 8.74% | +18.17% |
Volatility (6M)Calculated over the trailing 6-month period | 77.64% | 17.19% | +60.45% |
Volatility (1Y)Calculated over the trailing 1-year period | 95.37% | 21.65% | +73.72% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 187.75% | 30.10% | +157.65% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 159.77% | 31.17% | +128.60% |
Dividends
MVST vs. FNGS - Dividend Comparison
Neither MVST nor FNGS has paid dividends to shareholders.
Frequently Asked Questions
MVST and FNGS have a correlation of 0.35, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
MVST has higher volatility (26.91%) compared to FNGS (8.74%). In terms of maximum drawdown, MVST dropped -99.34% vs FNGS's -48.98%.
FNGS currently has the higher Sharpe Ratio (0.79 vs -0.77), 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.
Find the right allocation for MVST and FNGS
Add both to a portfolio and optimize allocations for your target — whether that's maximizing returns, minimizing drawdowns, or balancing risk across holdings.
Open Portfolio Optimizer