OPEN vs. FNGU
Compare and contrast key facts about Opendoor Technologies Inc. (OPEN) 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: OPEN or FNGU.
Performance
OPEN vs. FNGU - Performance Comparison
Returns By Period
In the year-to-date period, OPEN achieves a -62.05% return, which is significantly lower than FNGU's 117.45% return.
OPEN
-62.05%
-4.49%
-19.81%
-30.61%
N/A
N/A
FNGU
117.45%
9.08%
43.30%
147.64%
61.98%
N/A
Key characteristics
| OPEN | FNGU | |
|---|---|---|
| Sharpe Ratio | -0.34 | 2.07 |
| Sortino Ratio | 0.01 | 2.40 |
| Omega Ratio | 1.00 | 1.32 |
| Calmar Ratio | -0.29 | 2.41 |
| Martin Ratio | -0.57 | 8.55 |
| Ulcer Index | 48.27% | 17.32% |
| Daily Std Dev | 81.40% | 71.42% |
| Max Drawdown | -97.30% | -92.34% |
| Current Drawdown | -95.26% | -9.49% |
Compare stocks, funds, or ETFs
Search for stocks, ETFs, and funds for a quick comparison or use the comparison tool for more options.
Correlation
The correlation between OPEN and FNGU is 0.52, which is considered to be moderate. This suggests that the two assets have some degree of positive relationship in their price movements. Moderate correlation can be acceptable for portfolio diversification, offering a balance between risk and potential returns.
Risk-Adjusted Performance
OPEN vs. FNGU - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for Opendoor Technologies Inc. (OPEN) 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
OPEN vs. FNGU - Dividend Comparison
Neither OPEN nor FNGU has paid dividends to shareholders.
Drawdowns
OPEN vs. FNGU - Drawdown Comparison
The maximum OPEN drawdown since its inception was -97.30%, which is greater than FNGU's maximum drawdown of -92.34%. Use the drawdown chart below to compare losses from any high point for OPEN and FNGU. For additional features, visit the drawdowns tool.
Volatility
OPEN vs. FNGU - Volatility Comparison
The current volatility for Opendoor Technologies Inc. (OPEN) is 18.08%, while MicroSectors FANG+™ Index 3X Leveraged ETN (FNGU) has a volatility of 20.00%. 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.