TSLA vs. FNGU
Compare and contrast key facts about Tesla, Inc. (TSLA) 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: TSLA or FNGU.
Key characteristics
| TSLA | FNGU | |
|---|---|---|
| YTD Return | -7.32% | 69.18% |
| 1Y Return | -16.57% | 113.49% |
| 3Y Return (Ann) | -2.47% | 1.87% |
| 5Y Return (Ann) | 69.88% | 59.20% |
| Sharpe Ratio | -0.28 | 1.57 |
| Daily Std Dev | 54.18% | 73.01% |
| Max Drawdown | -73.63% | -92.34% |
| Current Drawdown | -43.83% | -29.58% |
Correlation
The correlation between TSLA and FNGU is 0.66, which is considered to be moderate. This suggests that the two assets have some degree of positive relationship in their price movements. Moderate correlation can be acceptable for portfolio diversification, offering a balance between risk and potential returns.
Performance
TSLA vs. FNGU - Performance Comparison
In the year-to-date period, TSLA achieves a -7.32% return, which is significantly lower than FNGU's 69.18% 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
TSLA vs. FNGU - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for Tesla, Inc. (TSLA) 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
TSLA vs. FNGU - Dividend Comparison
Neither TSLA nor FNGU has paid dividends to shareholders.
Drawdowns
TSLA vs. FNGU - Drawdown Comparison
The maximum TSLA drawdown since its inception was -73.63%, smaller than the maximum FNGU drawdown of -92.34%. Use the drawdown chart below to compare losses from any high point for TSLA and FNGU. For additional features, visit the drawdowns tool.
Volatility
TSLA vs. FNGU - Volatility Comparison
The current volatility for Tesla, Inc. (TSLA) is 16.96%, while MicroSectors FANG+™ Index 3X Leveraged ETN (FNGU) has a volatility of 27.10%. This indicates that TSLA 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.