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 0.22, 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
Key characteristics
SBAC:
0.39
FNGU:
-0.06
SBAC:
0.73
FNGU:
0.47
SBAC:
1.10
FNGU:
1.06
SBAC:
0.21
FNGU:
-0.08
SBAC:
0.95
FNGU:
-0.21
SBAC:
11.04%
FNGU:
22.01%
SBAC:
26.70%
FNGU:
81.48%
SBAC:
-99.65%
FNGU:
-92.34%
SBAC:
-37.79%
FNGU:
-55.68%
Returns By Period
In the year-to-date period, SBAC achieves a 13.87% return, which is significantly higher than FNGU's -47.22% return.
SBAC
13.87%
5.79%
-2.84%
9.63%
-1.54%
7.41%
FNGU
-47.22%
-35.60%
-23.22%
-6.26%
56.12%
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.
Dividends
SBAC vs. FNGU - Dividend Comparison
SBAC's dividend yield for the trailing twelve months is around 1.75%, while FNGU has not paid dividends to shareholders.
| TTM | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | |
|---|---|---|---|---|---|---|---|
SBAC SBA Communications Corporation | 1.75% | 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.
Volatility
SBAC vs. FNGU - Volatility Comparison
The current volatility for SBA Communications Corporation (SBAC) is 7.63%, while MicroSectors FANG+™ Index 3X Leveraged ETN (FNGU) has a volatility of 38.05%. 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.