SKYW vs. FNGU
Compare and contrast key facts about SkyWest, Inc. (SKYW) 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: SKYW or FNGU.
Correlation
The correlation between SKYW 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
SKYW vs. FNGU - Performance Comparison
Key characteristics
SKYW:
0.69
FNGU:
-0.04
SKYW:
1.20
FNGU:
0.59
SKYW:
1.15
FNGU:
1.08
SKYW:
0.82
FNGU:
-0.06
SKYW:
2.20
FNGU:
-0.15
SKYW:
12.74%
FNGU:
24.35%
SKYW:
40.84%
FNGU:
92.61%
SKYW:
-81.77%
FNGU:
-92.34%
SKYW:
-29.39%
FNGU:
-57.13%
Returns By Period
In the year-to-date period, SKYW achieves a -14.73% return, which is significantly higher than FNGU's -48.95% return.
SKYW
-14.73%
-5.61%
-10.87%
25.50%
27.16%
20.22%
FNGU
-48.95%
-29.09%
-34.26%
2.74%
38.45%
N/A
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Risk-Adjusted Performance
SKYW vs. FNGU — Risk-Adjusted Performance Rank
SKYW
FNGU
SKYW vs. FNGU - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for SkyWest, Inc. (SKYW) 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
SKYW vs. FNGU - Dividend Comparison
Neither SKYW nor FNGU has paid dividends to shareholders.
| TTM | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
SKYW SkyWest, Inc. | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.35% | 0.74% | 0.90% | 0.60% | 0.66% | 0.84% | 1.51% |
FNGU MicroSectors FANG+™ Index 3X Leveraged ETN | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
Drawdowns
SKYW vs. FNGU - Drawdown Comparison
The maximum SKYW drawdown since its inception was -81.77%, smaller than the maximum FNGU drawdown of -92.34%. Use the drawdown chart below to compare losses from any high point for SKYW and FNGU. For additional features, visit the drawdowns tool.
Volatility
SKYW vs. FNGU - Volatility Comparison
The current volatility for SkyWest, Inc. (SKYW) is 18.96%, while MicroSectors FANG+™ Index 3X Leveraged ETN (FNGU) has a volatility of 50.90%. This indicates that SKYW 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.