NOCT vs. FNGS
Compare and contrast key facts about Innovator Growth-100 Power Buffer ETF- October (NOCT) and MicroSectors FANG+ ETN (FNGS).
NOCT and FNGS are both exchange-traded funds (ETFs), meaning they are traded on stock exchanges and can be bought and sold throughout the day. NOCT is a passively managed fund by Innovator that tracks the performance of the NASDAQ-100 Index. It was launched on Oct 1, 2019. 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. Both NOCT and FNGS are passive ETFs, meaning that they are not actively managed but aim to replicate the performance of the underlying index as closely as possible.
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: NOCT or FNGS.
Key characteristics
| NOCT | FNGS | |
|---|---|---|
| YTD Return | 5.15% | 18.07% |
| 1Y Return | 20.53% | 59.71% |
| 3Y Return (Ann) | 8.82% | 17.16% |
| Sharpe Ratio | 3.81 | 2.59 |
| Daily Std Dev | 5.48% | 23.70% |
| Max Drawdown | -16.21% | -48.98% |
| Current Drawdown | 0.00% | -0.13% |
Correlation
The correlation between NOCT and FNGS is 0.80, which is considered to be high. That indicates a strong positive relationship between their price movements. Having highly-correlated positions in a portfolio may signal a lack of diversification, potentially leading to increased risk during market downturns.
Performance
NOCT vs. FNGS - Performance Comparison
In the year-to-date period, NOCT achieves a 5.15% return, which is significantly lower than FNGS's 18.07% return. The chart below displays the growth of a $10,000 investment in both assets, with all prices adjusted for splits and dividends.
Compare stocks, funds, or ETFs
Search for stocks, ETFs, and funds for a quick comparison or use the comparison tool for more options.
NOCT vs. FNGS - Expense Ratio Comparison
NOCT has a 0.81% expense ratio, which is higher than FNGS's 0.58% expense ratio.
Risk-Adjusted Performance
NOCT vs. FNGS - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for Innovator Growth-100 Power Buffer ETF- October (NOCT) 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
NOCT vs. FNGS - Dividend Comparison
Neither NOCT nor FNGS has paid dividends to shareholders.
| TTM | 2023 | 2022 | 2021 | 2020 | 2019 | |
|---|---|---|---|---|---|---|
NOCT Innovator Growth-100 Power Buffer ETF- October | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 1.07% |
FNGS MicroSectors FANG+ ETN | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
Drawdowns
NOCT vs. FNGS - Drawdown Comparison
The maximum NOCT drawdown since its inception was -16.21%, smaller than the maximum FNGS drawdown of -48.98%. Use the drawdown chart below to compare losses from any high point for NOCT and FNGS. For additional features, visit the drawdowns tool.
Volatility
NOCT vs. FNGS - Volatility Comparison
The current volatility for Innovator Growth-100 Power Buffer ETF- October (NOCT) is 1.73%, while MicroSectors FANG+ ETN (FNGS) has a volatility of 7.36%. This indicates that NOCT 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.