NDVG vs. FNGS

Last updated Jun 4, 2026

NDVG (Nuveen Dividend Growth ETF) and FNGS (MicroSectors FANG+ ETN) are both Large Cap Growth Equities funds. NDVG is actively managed, while FNGS is passively managed. A 0.62 correlation means they provide meaningful diversification when combined. NDVG charges 0.64%/yr vs 0.58%/yr for FNGS.

Performance

NDVG vs. FNGS - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Nuveen Dividend Growth ETF (NDVG) and MicroSectors FANG+ ETN (FNGS). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

NDVG

• 1D: —
• 1M: —
• YTD: —
• 6M: —
• 1Y: —
• 3Y*: —
• 5Y*: —
• 10Y*: —

FNGS

• 1D: -0.98%
• 1M: 11.24%
• YTD: 16.26%
• 6M: 10.77%
• 1Y: 29.78%
• 3Y*: 35.29%
• 5Y*: 22.01%
• 10Y*: —

*Multi-year figures are annualized to reflect compound growth (CAGR)

NDVG vs. FNGS - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021
NDVG Nuveen Dividend Growth ETF	-1.62%	10.06%	17.60%	15.15%	-9.55%	11.07%
FNGS MicroSectors FANG+ ETN	16.26%	18.64%	51.99%	95.24%	-40.32%	2.16%

Correlation

The correlation between NDVG and FNGS is 0.46, which is low. Their price movements are largely independent, making them effective diversification partners.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	0.46
Correlation (3Y) Calculated over the trailing 3-year period	0.56
Correlation (All Time) Calculated using the full available price history since Aug 6, 2021	0.62

The correlation between NDVG and FNGS shifts across timeframes, from 0.46 (1 year) to 0.62 (all time), reflecting how their relationship changes across market environments.

NDVG vs. FNGS - Sectors Allocation Comparison

Sectors	NDVG	FNGS
Technology	28.9%	59.9%
Financial Services	14.7%	10.0%
Industrials	10.2%	-
Healthcare	9.8%	-
Consumer Cyclical	9.7%	11.3%
Consumer Defensive	7.7%	-
Energy	5.3%	-
Utilities	5.1%	-
Real Estate	3.9%	-
Communication Services	2.7%	28.8%
Basic Materials	2.2%	-

Return for Risk

NDVG vs. FNGS — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.

FNGS

FNGS Risk / Return Rank: 34
FNGS Sharpe Ratio Rank: 40
FNGS Sortino Ratio Rank: 39
FNGS Omega Ratio Rank: 38
FNGS Calmar Ratio Rank: 27
FNGS Martin Ratio Rank: 27

The rank (0–100) shows how this investment's returns compare to the risk taken. Higher = better. Based on the past 12 months of data, combining Sharpe, Sortino, and other metrics used by quantitative funds and institutional investors.

NDVG vs. FNGS - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Nuveen Dividend Growth ETF (NDVG) 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.

Risk / return metrics aren't available yet — we need at least 12 months of trading data to calculate them.

Sharpe Ratios by Period

	NDVG	FNGS	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	—	1.46	—
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	—	0.74	—
Sharpe Ratio (All Time) Calculated using the full available price history	—	1.06	—

Drawdowns

Drawdown Indicators

	NDVG	FNGS	Difference
Max Drawdown Largest peak-to-trough decline	—	-48.98%	—
Max Drawdown (1Y) Largest decline over 1 year	—	-22.93%	—
Max Drawdown (3Y) Largest decline over 3 years	—	-26.77%	—
Max Drawdown (5Y) Largest decline over 5 years	—	-48.98%	—
Current Drawdown Current decline from peak	—	-1.61%	—
Average Drawdown Average peak-to-trough decline	—	-10.87%	—
Ulcer Index Depth and duration of drawdowns from previous peaks	—	7.92%	—

Volatility

Volatility by Period

	NDVG	FNGS	Difference
Volatility (1M) Calculated over the trailing 1-month period	—	5.64%	—
Volatility (6M) Calculated over the trailing 6-month period	—	15.68%	—
Volatility (1Y) Calculated over the trailing 1-year period	—	20.49%	—
Volatility (5Y) Calculated over the trailing 5-year period, annualized	—	29.96%	—
Volatility (10Y) Calculated over the trailing 10-year period, annualized	—	31.12%	—

NDVG vs. FNGS - Expense Ratio Comparison

NDVG has a 0.64% expense ratio, which is higher than FNGS's 0.58% expense ratio.

Dividends

NDVG vs. FNGS - Dividend Comparison

NDVG's dividend yield for the trailing twelve months is around 4.41%, while FNGS has not paid dividends to shareholders.

Position	TTM	2025	2024	2023	2022	2021
FNGS MicroSectors FANG+ ETN	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
NDVG Nuveen Dividend Growth ETF	4.41%	1.05%	1.20%	1.24%	1.34%	0.57%

Frequently Asked Questions

Can I hold both NDVG and FNGS in my portfolio?

NDVG and FNGS have a correlation of 0.46, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which ETF is better, NDVG or FNGS?

On fees, FNGS is cheaper at 0.58% per year. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF is cheaper, NDVG or FNGS?

FNGS is cheaper with a 0.58% expense ratio, compared with 0.64% for NDVG.

Which ETF pays a higher dividend yield, NDVG or FNGS?

NDVG has the higher dividend yield at 4.41%, compared with 0.00% for FNGS.

What is the main difference between NDVG and FNGS?

They also come from different issuers: Nuveen and BMO. Their fees differ too: 0.64% for NDVG and 0.58% for FNGS.