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.
Correlation
The correlation between SBAC and FNGU is 0.37, 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
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Key characteristics
SBAC:
0.52
FNGU:
0.32
SBAC:
1.01
FNGU:
1.09
SBAC:
1.12
FNGU:
1.15
SBAC:
0.30
FNGU:
0.50
SBAC:
1.46
FNGU:
1.17
SBAC:
10.23%
FNGU:
26.80%
SBAC:
27.01%
FNGU:
93.39%
SBAC:
-99.65%
FNGU:
-92.34%
SBAC:
-39.98%
FNGU:
-37.93%
Returns By Period
In the year-to-date period, SBAC achieves a 9.85% return, which is significantly higher than FNGU's -26.09% return.
SBAC
9.85%
-0.89%
2.92%
14.02%
-3.62%
7.25%
FNGU
-26.09%
29.85%
-18.21%
25.41%
44.33%
N/A
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Risk-Adjusted Performance
SBAC vs. FNGU — Risk-Adjusted Performance Rank
SBAC
FNGU
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.
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Dividends
SBAC vs. FNGU - Dividend Comparison
SBAC's dividend yield for the trailing twelve months is around 1.82%, while FNGU has not paid dividends to shareholders.
TTM | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | |
---|---|---|---|---|---|---|---|
SBAC SBA Communications Corporation | 1.82% | 1.92% | 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% | 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.
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Volatility
SBAC vs. FNGU - Volatility Comparison
The current volatility for SBA Communications Corporation (SBAC) is 10.26%, while MicroSectors FANG+™ Index 3X Leveraged ETN (FNGU) has a volatility of 24.36%. 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.
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