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.
Key characteristics
| SBAC | FNGU | |
|---|---|---|
| YTD Return | -26.31% | 25.72% |
| 1Y Return | -27.56% | 201.79% |
| 3Y Return (Ann) | -13.76% | -3.04% |
| 5Y Return (Ann) | -0.95% | 42.89% |
| Sharpe Ratio | -0.93 | 2.86 |
| Daily Std Dev | 29.61% | 70.01% |
| Max Drawdown | -99.65% | -92.34% |
| Current Drawdown | -50.79% | -39.91% |
Correlation
The correlation between SBAC and FNGU is 0.28, 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.
Performance
SBAC vs. FNGU - Performance Comparison
In the year-to-date period, SBAC achieves a -26.31% return, which is significantly lower than FNGU's 25.72% return. The chart below displays the growth of a $10,000 investment in both assets, with all prices adjusted for splits and dividends.
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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 1.90%, while FNGU has not paid dividends to shareholders.
| TTM | 2023 | 2022 | 2021 | 2020 | 2019 | |
|---|---|---|---|---|---|---|
SBAC SBA Communications Corporation | 1.90% | 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 11.67%, while MicroSectors FANG+™ Index 3X Leveraged ETN (FNGU) has a volatility of 23.39%. 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.