NESTLEIND.NS vs. FNGS
Compare and contrast key facts about Nestle India Limited (NESTLEIND.NS) and MicroSectors FANG+ ETN (FNGS).
FNGS is a passively managed fund by BMO Financial Group that tracks the performance of the NYSE FANG+ Index. It was launched on Nov 12, 2019.
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: NESTLEIND.NS or FNGS.
Key characteristics
NESTLEIND.NS | FNGS | |
---|---|---|
YTD Return | -3.99% | 27.56% |
1Y Return | 14.35% | 43.87% |
3Y Return (Ann) | 10.60% | 14.98% |
Sharpe Ratio | 0.93 | 1.64 |
Daily Std Dev | 18.96% | 25.03% |
Max Drawdown | -31.75% | -48.98% |
Current Drawdown | -6.52% | -9.41% |
Correlation
The correlation between NESTLEIND.NS and FNGS is 0.08, 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
NESTLEIND.NS vs. FNGS - Performance Comparison
In the year-to-date period, NESTLEIND.NS achieves a -3.99% return, which is significantly lower than FNGS's 27.56% 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
NESTLEIND.NS vs. FNGS - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for Nestle India Limited (NESTLEIND.NS) 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.
Dividends
NESTLEIND.NS vs. FNGS - Dividend Comparison
NESTLEIND.NS's dividend yield for the trailing twelve months is around 1.61%, while FNGS has not paid dividends to shareholders.
TTM | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | |
---|---|---|---|---|---|---|---|---|---|---|---|---|
Nestle India Limited | 1.61% | 0.91% | 4.39% | 1.02% | 4.39% | 3.61% | 3.14% | 1.11% | 0.99% | 0.74% | 2.83% | 0.93% |
MicroSectors FANG+ ETN | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
Drawdowns
NESTLEIND.NS vs. FNGS - Drawdown Comparison
The maximum NESTLEIND.NS drawdown since its inception was -31.75%, smaller than the maximum FNGS drawdown of -48.98%. Use the drawdown chart below to compare losses from any high point for NESTLEIND.NS and FNGS. For additional features, visit the drawdowns tool.
Volatility
NESTLEIND.NS vs. FNGS - Volatility Comparison
The current volatility for Nestle India Limited (NESTLEIND.NS) is 2.58%, while MicroSectors FANG+ ETN (FNGS) has a volatility of 8.56%. This indicates that NESTLEIND.NS experiences smaller price fluctuations and is considered to be less risky than FNGS based on this measure. The chart below showcases a comparison of their rolling one-month volatility.