PLTR vs. FNGS
PLTR (Palantir Technologies Inc.) is a stock, while FNGS (MicroSectors FANG+ ETN) is Large Cap Growth Equities fund tracking the NYSE FANG+ Index. Over the past 5 years, PLTR returned 39.00%/yr vs 19.76%/yr for FNGS. A 0.60 correlation means they provide meaningful diversification when combined.
Performance
PLTR vs. FNGS - Performance Comparison
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Returns By Period
In the year-to-date period, PLTR achieves a -27.99% return, which is significantly lower than FNGS's 6.79% return.
PLTR
- 1D
- -2.36%
- 1M
- -1.58%
- YTD
- -27.99%
- 6M
- -30.28%
- 1Y
- -5.33%
- 3Y*
- 99.99%
- 5Y*
- 39.00%
- 10Y*
- —
FNGS
- 1D
- -0.94%
- 1M
- -3.20%
- YTD
- 6.79%
- 6M
- 4.25%
- 1Y
- 17.02%
- 3Y*
- 29.80%
- 5Y*
- 19.76%
- 10Y*
- —
PLTR vs. FNGS - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | |
|---|---|---|---|---|---|---|---|
PLTR Palantir Technologies Inc. | -27.99% | 135.03% | 340.48% | 167.45% | -64.74% | -22.68% | 135.50% |
FNGS MicroSectors FANG+ ETN | 6.79% | 18.64% | 51.99% | 95.24% | -40.32% | 16.96% | 18.43% |
Correlation
The correlation between PLTR and FNGS is 0.52, which is moderate. They share some common price drivers but move independently often enough to provide real diversification benefit when combined.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.52 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.58 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.65 |
Correlation (All Time) Calculated using the full available price history since Sep 30, 2020 | 0.60 |
The correlation between PLTR and FNGS shifts across timeframes, from 0.52 (1 year) to 0.65 (5 years), reflecting how their relationship changes across market environments.
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Return for Risk
PLTR vs. FNGS — Risk / Return Rank
PLTR
FNGS
PLTR vs. FNGS - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Palantir Technologies Inc. (PLTR) and MicroSectors FANG+ ETN (FNGS). 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.
| PLTR | FNGS | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.89 | ||
| Sortino ratioReturn per unit of downside risk | -0.99 | ||
| Omega ratioGain probability vs. loss probability | 1.03 | 1.15 | -0.12 |
| Calmar ratioReturn relative to maximum drawdown | -0.14 | 0.75 | -0.89 |
| Martin ratioReturn relative to average drawdown | -0.25 | 2.12 | -2.37 |
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Drawdowns
PLTR vs. FNGS - Drawdown Comparison
The maximum PLTR drawdown since its inception was -84.62%, which is greater than FNGS's maximum drawdown of -48.98%. Use the drawdown chart below to compare losses from any high point for PLTR and FNGS.
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Drawdown Indicators
| PLTR | FNGS | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -84.62% | -48.98% | -35.64% |
Max Drawdown (1Y)Largest decline over 1 year | -38.22% | -22.93% | -15.29% |
Max Drawdown (3Y)Largest decline over 3 years | -40.61% | -26.77% | -13.84% |
Max Drawdown (5Y)Largest decline over 5 years | -79.14% | -48.98% | -30.16% |
Current DrawdownCurrent decline from peak | -38.22% | -9.63% | -28.59% |
Average DrawdownAverage peak-to-trough decline | -40.27% | -10.85% | -29.42% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 21.23% | 8.05% | +13.18% |
Volatility
PLTR vs. FNGS - Volatility Comparison
Palantir Technologies Inc. (PLTR) has a higher volatility of 17.16% compared to MicroSectors FANG+ ETN (FNGS) at 8.74%. This indicates that PLTR's price experiences larger fluctuations and is considered to be riskier than FNGS based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| PLTR | FNGS | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 17.16% | 8.74% | +8.42% |
Volatility (6M)Calculated over the trailing 6-month period | 38.32% | 17.19% | +21.13% |
Volatility (1Y)Calculated over the trailing 1-year period | 50.83% | 21.65% | +29.18% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 65.44% | 30.10% | +35.34% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 69.75% | 31.17% | +38.58% |
Dividends
PLTR vs. FNGS - Dividend Comparison
Neither PLTR nor FNGS has paid dividends to shareholders.
Frequently Asked Questions
PLTR and FNGS have a correlation of 0.52, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
PLTR has higher volatility (17.16%) compared to FNGS (8.74%). In terms of maximum drawdown, PLTR dropped -84.62% vs FNGS's -48.98%.
FNGS currently has the higher Sharpe Ratio (0.79 vs -0.11), 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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