OPAD vs. FNGU
OPAD (Offerpad Solutions Inc.) is a stock, while FNGU (MicroSectors FANG+ 3X Leveraged ETNs) is Leveraged Equities fund tracking the NYSE FANG+ Index (Gross Total Return) (300%). Over the past year, OPAD returned -23.14% vs 64.67% for FNGU. At a 0.31 correlation, their price movements are largely independent.
Performance
OPAD vs. FNGU - Performance Comparison
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Returns By Period
In the year-to-date period, OPAD achieves a -37.12% return, which is significantly lower than FNGU's 36.18% return.
OPAD
- 1D
- -7.21%
- 1M
- 11.90%
- YTD
- -37.12%
- 6M
- -58.42%
- 1Y
- -23.14%
- 3Y*
- -55.19%
- 5Y*
- -65.18%
- 10Y*
- —
FNGU
- 1D
- -3.75%
- 1M
- 33.96%
- YTD
- 36.18%
- 6M
- 16.22%
- 1Y
- 64.67%
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
OPAD vs. FNGU - Yearly Performance Comparison
| 2026 (YTD) | 2025 | |
|---|---|---|
OPAD Offerpad Solutions Inc. | -37.12% | -46.70% |
FNGU MicroSectors FANG+ 3X Leveraged ETNs | 36.18% | 4.24% |
Correlation
The correlation between OPAD and FNGU is 0.31, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.31 |
Correlation (All Time) Calculated using the full available price history since Feb 21, 2025 | 0.31 |
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Return for Risk
OPAD vs. FNGU — Risk / Return Rank
OPAD
FNGU
OPAD vs. FNGU - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Offerpad Solutions Inc. (OPAD) and MicroSectors FANG+ 3X Leveraged ETNs (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.
| OPAD | FNGU | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -1.24 | ||
| Sortino ratioReturn per unit of downside risk | -0.10 | ||
| Omega ratioGain probability vs. loss probability | 1.17 | 1.21 | -0.04 |
| Calmar ratioReturn relative to maximum drawdown | -0.26 | 1.09 | -1.35 |
| Martin ratioReturn relative to average drawdown | -0.34 | 2.64 | -2.98 |
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month. | |||
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Sharpe Ratios by Period
| OPAD | FNGU | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | -0.11 | 1.13 | -1.24 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | -0.50 | — | — |
Sharpe Ratio (All Time)Calculated using the full available price history | -0.50 | 0.40 | -0.90 |
Drawdowns
OPAD vs. FNGU - Drawdown Comparison
The maximum OPAD drawdown since its inception was -99.81%, which is greater than FNGU's maximum drawdown of -60.84%. Use the drawdown chart below to compare losses from any high point for OPAD and FNGU.
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Drawdown Indicators
| OPAD | FNGU | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -99.81% | -60.84% | -38.97% |
Max Drawdown (1Y)Largest decline over 1 year | -90.75% | -59.55% | -31.20% |
Max Drawdown (3Y)Largest decline over 3 years | -96.10% | — | — |
Max Drawdown (5Y)Largest decline over 5 years | -99.81% | — | — |
Current DrawdownCurrent decline from peak | -99.75% | -4.84% | -94.91% |
Average DrawdownAverage peak-to-trough decline | -82.04% | -22.06% | -59.98% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 67.36% | 24.57% | +42.79% |
Volatility
OPAD vs. FNGU - Volatility Comparison
Offerpad Solutions Inc. (OPAD) has a higher volatility of 22.32% compared to MicroSectors FANG+ 3X Leveraged ETNs (FNGU) at 16.40%. This indicates that OPAD's price experiences larger fluctuations and is considered to be riskier than FNGU based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| OPAD | FNGU | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 22.32% | 16.40% | +5.92% |
Volatility (6M)Calculated over the trailing 6-month period | 73.35% | 44.77% | +28.58% |
Volatility (1Y)Calculated over the trailing 1-year period | 209.29% | 57.50% | +151.79% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 130.96% | 78.60% | +52.36% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 125.34% | 78.60% | +46.74% |
Dividends
OPAD vs. FNGU - Dividend Comparison
Neither OPAD nor FNGU has paid dividends to shareholders.
Frequently Asked Questions
OPAD and FNGU have a correlation of 0.31, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
OPAD has higher volatility (22.32%) compared to FNGU (16.40%). In terms of maximum drawdown, OPAD dropped -99.81% vs FNGU's -60.84%.
FNGU currently has the higher Sharpe Ratio (1.13 vs -0.11), meaning it's delivered slightly more return per unit of risk over the trailing 12 months. However, this ranking shifts over time - use the Risk/Return Score above for a more comprehensive view that combines Sharpe, Sortino, and other measures used by quantitative funds.
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