OPAD vs. FNGU
Compare and contrast key facts about Offerpad Solutions Inc. (OPAD) and MicroSectors FANG+™ Index 3X Leveraged ETN (FNGU).
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: OPAD or FNGU.
Correlation
The correlation between OPAD and FNGU is 0.33, 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
OPAD vs. FNGU - Performance Comparison
Key characteristics
OPAD:
-0.89
FNGU:
1.42
OPAD:
-1.70
FNGU:
1.92
OPAD:
0.82
FNGU:
1.25
OPAD:
-0.76
FNGU:
2.23
OPAD:
-1.40
FNGU:
5.90
OPAD:
53.58%
FNGU:
17.81%
OPAD:
84.52%
FNGU:
73.99%
OPAD:
-99.30%
FNGU:
-92.34%
OPAD:
-99.19%
FNGU:
-3.52%
Returns By Period
In the year-to-date period, OPAD achieves a -15.09% return, which is significantly lower than FNGU's 14.90% return.
OPAD
-15.09%
-12.00%
-31.83%
-73.67%
N/A
N/A
FNGU
14.90%
12.32%
54.64%
123.82%
45.51%
N/A
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Risk-Adjusted Performance
OPAD vs. FNGU — Risk-Adjusted Performance Rank
OPAD
FNGU
OPAD vs. FNGU - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for Offerpad Solutions Inc. (OPAD) 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
OPAD vs. FNGU - Dividend Comparison
Neither OPAD nor FNGU has paid dividends to shareholders.
Drawdowns
OPAD vs. FNGU - Drawdown Comparison
The maximum OPAD drawdown since its inception was -99.30%, which is greater than FNGU's maximum drawdown of -92.34%. Use the drawdown chart below to compare losses from any high point for OPAD and FNGU. For additional features, visit the drawdowns tool.
Volatility
OPAD vs. FNGU - Volatility Comparison
The current volatility for Offerpad Solutions Inc. (OPAD) is 19.39%, while MicroSectors FANG+™ Index 3X Leveraged ETN (FNGU) has a volatility of 20.63%. This indicates that OPAD experiences smaller price fluctuations and is considered to be less risky than FNGU based on this measure. The chart below showcases a comparison of their rolling one-month volatility.