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.
Key characteristics
| SKYW | FNGU | |
|---|---|---|
| YTD Return | 43.66% | 35.05% |
| 1Y Return | 164.98% | 222.24% |
| 3Y Return (Ann) | 14.79% | -0.69% |
| 5Y Return (Ann) | 4.76% | 45.43% |
| Sharpe Ratio | 5.29 | 3.26 |
| Daily Std Dev | 36.23% | 69.75% |
| Max Drawdown | -81.77% | -92.34% |
| Current Drawdown | 0.00% | -35.46% |
Correlation
The correlation between SKYW and FNGU is 0.36, 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
In the year-to-date period, SKYW achieves a 43.66% return, which is significantly higher than FNGU's 35.05% 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
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 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
SKYW SkyWest, Inc. | 0.00% | 0.00% | 0.00% | 0.00% | 0.35% | 0.74% | 0.90% | 0.60% | 0.66% | 0.84% | 1.51% | 1.08% |
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 9.50%, while MicroSectors FANG+™ Index 3X Leveraged ETN (FNGU) has a volatility of 22.45%. 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.