SBAC vs. FNGU
Compare and contrast key facts about SBA Communications Corporation (SBAC) 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: SBAC or FNGU.
Performance
SBAC vs. FNGU - Performance Comparison
Returns By Period
In the year-to-date period, SBAC achieves a -11.23% return, which is significantly lower than FNGU's 109.64% return.
SBAC
-11.23%
-10.72%
12.44%
-4.58%
-0.26%
7.41%
FNGU
109.64%
7.72%
38.68%
147.53%
60.10%
N/A
Key characteristics
| SBAC | FNGU | |
|---|---|---|
| Sharpe Ratio | -0.14 | 2.08 |
| Sortino Ratio | -0.02 | 2.40 |
| Omega Ratio | 1.00 | 1.32 |
| Calmar Ratio | -0.07 | 2.41 |
| Martin Ratio | -0.25 | 8.58 |
| Ulcer Index | 14.90% | 17.29% |
| Daily Std Dev | 26.07% | 71.52% |
| Max Drawdown | -99.65% | -92.34% |
| Current Drawdown | -40.73% | -12.74% |
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Correlation
The correlation between SBAC and FNGU is 0.25, which is considered to be low. This implies their price changes are not closely related. A low correlation is generally favorable for portfolio diversification, as it helps to reduce overall risk by spreading it across multiple assets with different performance patterns.
Risk-Adjusted Performance
SBAC vs. FNGU - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for SBA Communications Corporation (SBAC) 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
SBAC vs. FNGU - Dividend Comparison
SBAC's dividend yield for the trailing twelve months is around 1.77%, while FNGU has not paid dividends to shareholders.
| TTM | 2023 | 2022 | 2021 | 2020 | 2019 | |
|---|---|---|---|---|---|---|
SBAC SBA Communications Corporation | 1.77% | 1.34% | 1.01% | 0.60% | 0.66% | 0.31% |
FNGU MicroSectors FANG+™ Index 3X Leveraged ETN | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
Drawdowns
SBAC vs. FNGU - Drawdown Comparison
The maximum SBAC drawdown since its inception was -99.65%, which is greater than FNGU's maximum drawdown of -92.34%. Use the drawdown chart below to compare losses from any high point for SBAC and FNGU. For additional features, visit the drawdowns tool.
Volatility
SBAC vs. FNGU - Volatility Comparison
The current volatility for SBA Communications Corporation (SBAC) is 7.04%, while MicroSectors FANG+™ Index 3X Leveraged ETN (FNGU) has a volatility of 20.93%. This indicates that SBAC 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.