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

Correlation

The correlation between OPEN and FNGU is 0.48, 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.

OPEN vs. FNGU

Last updated Jun 1, 2025

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

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.

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Key characteristics

Sharpe Ratio

OPEN:

-0.81

FNGU:

0.25

Sortino Ratio

OPEN:

-1.39

FNGU:

0.92

Omega Ratio

OPEN:

0.84

FNGU:

1.12

Calmar Ratio

OPEN:

-0.72

FNGU:

0.28

Martin Ratio

OPEN:

-1.54

FNGU:

0.64

Ulcer Index

OPEN:

45.73%

FNGU:

27.62%

Daily Std Dev

OPEN:

85.48%

FNGU:

93.18%

Max Drawdown

OPEN:

-98.18%

FNGU:

-92.34%

Current Drawdown

OPEN:

-98.18%

FNGU:

-37.57%

Returns By Period

In the year-to-date period, OPEN achieves a -59.24% return, which is significantly lower than FNGU's -25.65% return.

OPEN

YTD

-59.24%

1M

-12.76%

6M

-72.13%

1Y

-70.08%

3Y*

-55.15%

5Y*

N/A

10Y*

N/A

FNGU

YTD

-25.65%

1M

2.96%

6M

-14.59%

1Y

26.49%

3Y*

82.06%

5Y*

41.24%

10Y*

N/A

*Annualized

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Opendoor Technologies 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

OPEN vs. FNGU — Risk-Adjusted Performance Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.
OPEN
The Risk-Adjusted Performance Rank of OPEN is 77
Overall Rank
The Sharpe Ratio Rank of OPEN is 99
Sharpe Ratio Rank
The Sortino Ratio Rank of OPEN is 66
Sortino Ratio Rank
The Omega Ratio Rank of OPEN is 99
Omega Ratio Rank
The Calmar Ratio Rank of OPEN is 88
Calmar Ratio Rank
The Martin Ratio Rank of OPEN is 55
Martin Ratio Rank
FNGU
The Risk-Adjusted Performance Rank of FNGU is 3737
Overall Rank
The Sharpe Ratio Rank of FNGU is 2626
Sharpe Ratio Rank
The Sortino Ratio Rank of FNGU is 5252
Sortino Ratio Rank
The Omega Ratio Rank of FNGU is 5050
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.

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.

The current OPEN Sharpe Ratio is -0.81, which is lower than the FNGU Sharpe Ratio of 0.25. 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.

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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

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 -98.18%, 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.

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

Volatility

OPEN vs. FNGU - Volatility Comparison

Opendoor Technologies Inc. (OPEN) has a higher volatility of 38.72% compared to MicroSectors FANG+™ Index 3X Leveraged ETN (FNGU) at 10.08%. 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.

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