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

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.


-0.50.00.51.00.5

Performance

OPEN vs. FNGU - Performance Comparison

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

0.00%200.00%400.00%600.00%JulyAugustSeptemberOctoberNovemberDecember
-84.36%
538.23%
OPEN
FNGU

Key characteristics

Sharpe Ratio

OPEN:

-0.72

FNGU:

2.30

Sortino Ratio

OPEN:

-0.98

FNGU:

2.51

Omega Ratio

OPEN:

0.90

FNGU:

1.34

Calmar Ratio

OPEN:

-0.61

FNGU:

2.93

Martin Ratio

OPEN:

-1.14

FNGU:

9.73

Ulcer Index

OPEN:

50.83%

FNGU:

17.43%

Daily Std Dev

OPEN:

80.04%

FNGU:

73.68%

Max Drawdown

OPEN:

-97.30%

FNGU:

-92.34%

Current Drawdown

OPEN:

-95.29%

FNGU:

-11.51%

Returns By Period

In the year-to-date period, OPEN achieves a -62.28% return, which is significantly lower than FNGU's 164.07% return.


OPEN

YTD

-62.28%

1M

3.68%

6M

-10.58%

1Y

-59.76%

5Y*

N/A

10Y*

N/A

FNGU

YTD

164.07%

1M

21.30%

6M

43.69%

1Y

159.48%

5Y*

59.63%

10Y*

N/A

Compare stocks, funds, or ETFs

Search for stocks, ETFs, and funds for a quick comparison or use the comparison tool for more options.


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.


Sharpe ratio
The chart of Sharpe ratio for OPEN, currently valued at -0.72, compared to the broader market-4.00-2.000.002.00-0.722.30
The chart of Sortino ratio for OPEN, currently valued at -0.98, compared to the broader market-4.00-2.000.002.004.00-0.982.51
The chart of Omega ratio for OPEN, currently valued at 0.90, compared to the broader market0.501.001.502.000.901.34
The chart of Calmar ratio for OPEN, currently valued at -0.61, compared to the broader market0.002.004.006.00-0.612.93
The chart of Martin ratio for OPEN, currently valued at -1.14, compared to the broader market-5.000.005.0010.0015.0020.0025.00-1.149.73
OPEN
FNGU

The current OPEN Sharpe Ratio is -0.72, which is lower than the FNGU Sharpe Ratio of 2.30. The chart below compares the historical Sharpe Ratios of OPEN 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.


Rolling 12-month Sharpe Ratio-1.000.001.002.003.004.00JulyAugustSeptemberOctoberNovemberDecember
-0.72
2.30
OPEN
FNGU

Dividends

OPEN vs. FNGU - Dividend Comparison

Neither OPEN nor FNGU has paid dividends to shareholders.


Tickers have no history of dividend payments

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.


-100.00%-80.00%-60.00%-40.00%-20.00%0.00%JulyAugustSeptemberOctoberNovemberDecember
-95.29%
-11.51%
OPEN
FNGU

Volatility

OPEN vs. FNGU - Volatility Comparison

Opendoor Technologies Inc. (OPEN) has a higher volatility of 28.47% compared to MicroSectors FANG+™ Index 3X Leveraged ETN (FNGU) at 22.41%. This indicates that OPEN'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.


15.00%20.00%25.00%30.00%35.00%JulyAugustSeptemberOctoberNovemberDecember
28.47%
22.41%
OPEN
FNGU
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Disclaimer

The information contained herein does not constitute investment advice and made available for educational purposes only. Prices and returns on equities are listed without consideration of fees, commissions, taxes, penalties, or interest payable due to purchasing, holding, or selling.

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