OPEN vs. FNGU
OPEN (Opendoor Technologies 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, OPEN returned 718.87% vs 17.53% for FNGU. At a 0.25 correlation, their price movements are largely independent.
Performance
OPEN vs. FNGU - Performance Comparison
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Returns By Period
In the year-to-date period, OPEN achieves a -27.96% return, which is significantly lower than FNGU's -0.99% return.
OPEN
- 1D
- -1.87%
- 1M
- -7.28%
- YTD
- -27.96%
- 6M
- -33.01%
- 1Y
- 718.87%
- 3Y*
- 13.99%
- 5Y*
- -23.99%
- 10Y*
- —
FNGU
- 1D
- -7.64%
- 1M
- -12.95%
- YTD
- -0.99%
- 6M
- -5.84%
- 1Y
- 17.53%
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
OPEN vs. FNGU - Yearly Performance Comparison
| 2026 (YTD) | 2025 | |
|---|---|---|
OPEN Opendoor Technologies Inc. | -27.96% | 291.19% |
FNGU MicroSectors FANG+ 3X Leveraged ETNs | -0.99% | 3.02% |
Correlation
The correlation between OPEN and FNGU is 0.23, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.23 |
Correlation (All Time) Calculated using the full available price history since Feb 20, 2025 | 0.25 |
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Return for Risk
OPEN vs. FNGU — Risk / Return Rank
OPEN
FNGU
OPEN vs. FNGU - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Opendoor Technologies Inc. (OPEN) 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.
Values are calculated on a 1-year rolling basis and updated daily. Risk-adjusted metrics are more stable over longer periods — use the period switch above to explore them.
| OPEN | FNGU | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +4.27 | ||
| Sortino ratioReturn per unit of downside risk | +3.63 | ||
| Omega ratioGain probability vs. loss probability | 1.51 | 1.10 | +0.41 |
| Calmar ratioReturn relative to maximum drawdown | 12.35 | 0.30 | +12.06 |
| Martin ratioReturn relative to average drawdown | 18.67 | 0.70 | +17.97 |
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Drawdowns
OPEN vs. FNGU - Drawdown Comparison
The maximum OPEN drawdown since its inception was -98.57%, which is greater than FNGU's maximum drawdown of -61.30%. Use the drawdown chart below to compare losses from any high point for OPEN and FNGU.
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Drawdown Indicators
| OPEN | FNGU | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -98.57% | -61.30% | -37.27% |
Max Drawdown (1Y)Largest decline over 1 year | -58.75% | -59.55% | +0.80% |
Max Drawdown (3Y)Largest decline over 3 years | -90.28% | — | — |
Max Drawdown (5Y)Largest decline over 5 years | -97.93% | — | — |
Current DrawdownCurrent decline from peak | -87.90% | -30.82% | -57.08% |
Average DrawdownAverage peak-to-trough decline | -74.63% | -22.27% | -52.36% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 38.79% | 25.17% | +13.62% |
Volatility
OPEN vs. FNGU - Volatility Comparison
The current volatility for Opendoor Technologies Inc. (OPEN) is 21.82%, while MicroSectors FANG+ 3X Leveraged ETNs (FNGU) has a volatility of 33.21%. This indicates that OPEN 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.
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Volatility by Period
| OPEN | FNGU | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 21.82% | 33.21% | -11.39% |
Volatility (6M)Calculated over the trailing 6-month period | 51.30% | 52.56% | -1.26% |
Volatility (1Y)Calculated over the trailing 1-year period | 159.62% | 64.46% | +95.16% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 113.59% | 81.18% | +32.41% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 110.13% | 81.18% | +28.95% |
Dividends
OPEN vs. FNGU - Dividend Comparison
Neither OPEN nor FNGU has paid dividends to shareholders.
Frequently Asked Questions
OPEN and FNGU have a correlation of 0.23, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
FNGU has higher volatility (33.21%) compared to OPEN (21.82%). In terms of maximum drawdown, OPEN dropped -98.57% vs FNGU's -61.30%.
OPEN currently has the higher Sharpe Ratio (4.55 vs 0.27), 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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