NVDL vs. FNGU
Compare and contrast key facts about GraniteShares 2x Long NVDA Daily ETF (NVDL) and MicroSectors FANG+™ Index 3X Leveraged ETN (FNGU).
NVDL and FNGU are both exchange-traded funds (ETFs), meaning they are traded on stock exchanges and can be bought and sold throughout the day. NVDL is an actively managed fund by GraniteShares. It was launched on Dec 13, 2022. FNGU is a passively managed fund by Bank of Montreal that tracks the performance of the NYSE FANG (TR) (300%). It was launched on Jan 22, 2018.
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: NVDL or FNGU.
Performance
NVDL vs. FNGU - Performance Comparison
Returns By Period
In the year-to-date period, NVDL achieves a 439.60% return, which is significantly higher than FNGU's 117.71% return.
NVDL
439.60%
0.79%
86.31%
425.65%
N/A
N/A
FNGU
117.71%
9.93%
40.45%
148.30%
62.08%
N/A
Key characteristics
| NVDL | FNGU | |
|---|---|---|
| Sharpe Ratio | 4.09 | 2.04 |
| Sortino Ratio | 3.43 | 2.37 |
| Omega Ratio | 1.44 | 1.32 |
| Calmar Ratio | 8.14 | 2.37 |
| Martin Ratio | 21.46 | 8.41 |
| Ulcer Index | 19.51% | 17.31% |
| Daily Std Dev | 102.48% | 71.44% |
| Max Drawdown | -51.40% | -92.34% |
| Current Drawdown | -5.48% | -9.38% |
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NVDL vs. FNGU - Expense Ratio Comparison
NVDL has a 1.15% expense ratio, which is higher than FNGU's 0.95% expense ratio.
Correlation
The correlation between NVDL and FNGU is 0.74, 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.
Risk-Adjusted Performance
NVDL vs. FNGU - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for GraniteShares 2x Long NVDA Daily ETF (NVDL) and MicroSectors FANG+™ Index 3X Leveraged ETN (FNGU). 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
NVDL vs. FNGU - Dividend Comparison
NVDL's dividend yield for the trailing twelve months is around 2.09%, while FNGU has not paid dividends to shareholders.
| TTM | 2023 | |
|---|---|---|
NVDL GraniteShares 2x Long NVDA Daily ETF | 2.09% | 11.29% |
FNGU MicroSectors FANG+™ Index 3X Leveraged ETN | 0.00% | 0.00% |
Drawdowns
NVDL vs. FNGU - Drawdown Comparison
The maximum NVDL drawdown since its inception was -51.40%, smaller than the maximum FNGU drawdown of -92.34%. Use the drawdown chart below to compare losses from any high point for NVDL and FNGU. For additional features, visit the drawdowns tool.
Volatility
NVDL vs. FNGU - Volatility Comparison
GraniteShares 2x Long NVDA Daily ETF (NVDL) and MicroSectors FANG+™ Index 3X Leveraged ETN (FNGU) have volatilities of 21.76% and 21.51%, respectively, indicating that both stocks experience similar levels of price fluctuations. This suggests that the risk associated with both stocks, as measured by volatility, is nearly the same. The chart below showcases a comparison of their rolling one-month volatility.