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OPAD vs. FNGU
Performance
Risk-Adjusted Performance
Dividends
Drawdowns
Volatility

Correlation

The correlation between OPAD and FNGU is 0.34, 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.

OPAD vs. FNGU

Last updated May 30, 2025

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.

Performance

OPAD vs. FNGU - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Offerpad Solutions Inc. (OPAD) and MicroSectors FANG+™ Index 3X Leveraged ETN (FNGU). The values are adjusted to include any dividend payments, if applicable.

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Key characteristics

Sharpe Ratio

OPAD:

-0.89

FNGU:

0.25

Sortino Ratio

OPAD:

-1.82

FNGU:

0.92

Omega Ratio

OPAD:

0.80

FNGU:

1.12

Calmar Ratio

OPAD:

-0.81

FNGU:

0.28

Martin Ratio

OPAD:

-1.63

FNGU:

0.64

Ulcer Index

OPAD:

49.47%

FNGU:

27.62%

Daily Std Dev

OPAD:

91.48%

FNGU:

93.18%

Max Drawdown

OPAD:

-99.68%

FNGU:

-92.34%

Current Drawdown

OPAD:

-99.67%

FNGU:

-37.57%

Returns By Period

In the year-to-date period, OPAD achieves a -65.62% return, which is significantly lower than FNGU's -25.65% return.

OPAD

YTD

-65.62%

1M

-12.51%

6M

-79.46%

1Y

-80.79%

3Y*

-76.35%

5Y*

N/A

10Y*

N/A

FNGU

YTD

-25.65%

1M

9.24%

6M

-12.21%

1Y

15.94%

3Y*

82.06%

5Y*

41.24%

10Y*

N/A

*Annualized

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Offerpad Solutions Inc.

MicroSectors FANG+™ Index 3X Leveraged ETN

Go deeper with the Portfolio Analysis tool — backtest performance, assess risk, compare to benchmarks, and more

Risk-Adjusted Performance

OPAD vs. FNGU — Risk-Adjusted Performance Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.
OPAD
The Risk-Adjusted Performance Rank of OPAD is 55
Overall Rank
The Sharpe Ratio Rank of OPAD is 66
Sharpe Ratio Rank
The Sortino Ratio Rank of OPAD is 33
Sortino Ratio Rank
The Omega Ratio Rank of OPAD is 66
Omega Ratio Rank
The Calmar Ratio Rank of OPAD is 55
Calmar Ratio Rank
The Martin Ratio Rank of OPAD is 33
Martin Ratio Rank
FNGU
The Risk-Adjusted Performance Rank of FNGU is 3838
Overall Rank
The Sharpe Ratio Rank of FNGU is 2828
Sharpe Ratio Rank
The Sortino Ratio Rank of FNGU is 5252
Sortino Ratio Rank
The Omega Ratio Rank of FNGU is 5151
Omega Ratio Rank
The Calmar Ratio Rank of FNGU is 3333
Calmar Ratio Rank
The Martin Ratio Rank of FNGU is 2525
Martin Ratio Rank
The risk-adjusted ranks indicate the investment's position relative to the market. A rank closer to 100 signifies top-performing investments, while a rank closer to 0 might suggest underperformance, based on the selected ratio. The values are calculated based on the past 12 months of returns.

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.

The current OPAD Sharpe Ratio is -0.89, which is lower than the FNGU Sharpe Ratio of 0.25. The chart below compares the historical Sharpe Ratios of OPAD and FNGU, offering insights into how both investments have performed under varying market conditions. These values are calculated using daily returns over the previous 12 months.

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Go to the full Sharpe Ratio tool to analyze any stock or portfolio. Customize time frames, set your own risk-free rate, and more

Dividends

OPAD vs. FNGU - Dividend Comparison

Neither OPAD nor FNGU has paid dividends to shareholders.

Tickers have no history of dividend payments

Drawdowns

OPAD vs. FNGU - Drawdown Comparison

The maximum OPAD drawdown since its inception was -99.68%, 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.

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Go to the full Drawdowns tool for more analysis options, including inflation-adjusted drawdowns, and more

Volatility

OPAD vs. FNGU - Volatility Comparison

Offerpad Solutions Inc. (OPAD) has a higher volatility of 28.22% compared to MicroSectors FANG+™ Index 3X Leveraged ETN (FNGU) at 10.08%. 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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