OSCG vs. FNGD
OSCG (Leverage Shares 2X Long OSCR Daily ETF) and FNGD (MicroSectors FANG+™ Index -3X Inverse Leveraged ETN) are both Leveraged Equities funds. OSCG is actively managed, while FNGD is passively managed. At a correlation of -0.24, they often move in opposite directions. OSCG charges 0.75%/yr vs 0.95%/yr for FNGD.
Performance
OSCG vs. FNGD - Performance Comparison
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Returns By Period
In the year-to-date period, OSCG achieves a 62.91% return, which is significantly higher than FNGD's -41.82% return.
OSCG
- 1D
- -5.93%
- 1M
- 16.15%
- YTD
- 62.91%
- 6M
- 12.44%
- 1Y
- —
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
FNGD
- 1D
- 3.34%
- 1M
- -28.48%
- YTD
- -41.82%
- 6M
- -33.35%
- 1Y
- -60.64%
- 3Y*
- -69.29%
- 5Y*
- -65.57%
- 10Y*
- —
OSCG vs. FNGD - Yearly Performance Comparison
| 2026 (YTD) | 2025 | |
|---|---|---|
OSCG Leverage Shares 2X Long OSCR Daily ETF | 62.91% | -39.33% |
FNGD MicroSectors FANG+™ Index -3X Inverse Leveraged ETN | -41.82% | 15.57% |
Correlation
The correlation between OSCG and FNGD is -0.24, meaning they tend to move in opposite directions. This is especially valuable for risk management - when one declines, the other has historically tended to hold steady or rise.
| Correlation | |
|---|---|
Correlation (All Time) Calculated using the full available price history since Nov 6, 2025 | -0.24 |
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Return for Risk
OSCG vs. FNGD — Risk / Return Rank
OSCG
FNGD
OSCG vs. FNGD - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Leverage Shares 2X Long OSCR Daily ETF (OSCG) and MicroSectors FANG+™ Index -3X Inverse Leveraged ETN (FNGD). 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.
Risk / return metrics aren't available yet — we need at least 12 months of trading data to calculate them.
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Sharpe Ratios by Period
| OSCG | FNGD | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | — | -1.04 | — |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | — | -0.74 | — |
Sharpe Ratio (All Time)Calculated using the full available price history | -0.01 | -0.78 | +0.77 |
Drawdowns
OSCG vs. FNGD - Drawdown Comparison
The maximum OSCG drawdown since its inception was -71.31%, smaller than the maximum FNGD drawdown of -100.00%. Use the drawdown chart below to compare losses from any high point for OSCG and FNGD.
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Drawdown Indicators
| OSCG | FNGD | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -71.31% | -100.00% | +28.69% |
Max Drawdown (1Y)Largest decline over 1 year | — | -65.92% | — |
Max Drawdown (3Y)Largest decline over 3 years | — | -97.37% | — |
Max Drawdown (5Y)Largest decline over 5 years | — | -99.67% | — |
Current DrawdownCurrent decline from peak | -36.47% | -100.00% | +63.53% |
Average DrawdownAverage peak-to-trough decline | -37.25% | -87.25% | +50.00% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | — | 32.99% | — |
Volatility
OSCG vs. FNGD - Volatility Comparison
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Volatility by Period
| OSCG | FNGD | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | — | 17.47% | — |
Volatility (6M)Calculated over the trailing 6-month period | — | 45.91% | — |
Volatility (1Y)Calculated over the trailing 1-year period | 145.44% | 58.70% | +86.74% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 145.44% | 88.78% | +56.66% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 145.44% | 91.00% | +54.44% |
OSCG vs. FNGD - Expense Ratio Comparison
OSCG has a 0.75% expense ratio, which is lower than FNGD's 0.95% expense ratio.
Dividends
OSCG vs. FNGD - Dividend Comparison
Neither OSCG nor FNGD has paid dividends to shareholders.
Frequently Asked Questions
OSCG and FNGD have a correlation of -0.24, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
On fees, OSCG is cheaper at 0.75% per year. The better choice depends on whether you care most about return, fees, risk, or income.
OSCG is cheaper with a 0.75% expense ratio, compared with 0.95% for FNGD.
OSCG and FNGD have nearly identical dividend yields, around 0.00%.
They also come from different issuers: Leverage Shares and BMO. Their fees differ too: 0.75% for OSCG and 0.95% for FNGD.
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