WEBS vs. FNGD
Compare and contrast key facts about Daily Dow Jones Internet Bear 3X Shares (WEBS) and MicroSectors FANG+™ Index -3X Inverse Leveraged ETN (FNGD).
WEBS and FNGD are both exchange-traded funds (ETFs), meaning they are traded on stock exchanges and can be bought and sold throughout the day. WEBS is a passively managed fund by Direxion that tracks the performance of the Dow Jones Internet Composite Index (300%). It was launched on Nov 7, 2019. FNGD is a passively managed fund by BMO Financial Group that tracks the performance of the NYSE FANG+ Index (-300%). It was launched on Jan 22, 2018. Both WEBS and FNGD are passive ETFs, meaning that they are not actively managed but aim to replicate the performance of the underlying index as closely as possible.
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: WEBS or FNGD.
Key characteristics
| WEBS | FNGD | |
|---|---|---|
| YTD Return | -51.45% | -71.60% |
| 1Y Return | -70.80% | -79.71% |
| 3Y Return (Ann) | -32.34% | -64.27% |
| 5Y Return (Ann) | -55.82% | -77.76% |
| Sharpe Ratio | -1.22 | -1.11 |
| Sortino Ratio | -2.44 | -2.47 |
| Omega Ratio | 0.74 | 0.73 |
| Calmar Ratio | -0.70 | -0.79 |
| Martin Ratio | -1.36 | -1.36 |
| Ulcer Index | 51.04% | 58.23% |
| Daily Std Dev | 56.75% | 71.42% |
| Max Drawdown | -99.13% | -99.98% |
| Current Drawdown | -99.11% | -99.98% |
Correlation
The correlation between WEBS and FNGD is 0.87, which is considered to be high. That indicates a strong positive relationship between their price movements. Having highly-correlated positions in a portfolio may signal a lack of diversification, potentially leading to increased risk during market downturns.
Performance
WEBS vs. FNGD - Performance Comparison
In the year-to-date period, WEBS achieves a -51.45% return, which is significantly higher than FNGD's -71.60% 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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WEBS vs. FNGD - Expense Ratio Comparison
WEBS has a 1.07% expense ratio, which is higher than FNGD's 0.95% expense ratio.
Risk-Adjusted Performance
WEBS vs. FNGD - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for Daily Dow Jones Internet Bear 3X Shares (WEBS) and MicroSectors FANG+™ Index -3X Inverse Leveraged ETN (FNGD). 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
WEBS vs. FNGD - Dividend Comparison
WEBS's dividend yield for the trailing twelve months is around 2.55%, while FNGD has not paid dividends to shareholders.
| TTM | 2023 | 2022 | 2021 | 2020 | 2019 | |
|---|---|---|---|---|---|---|
WEBS Daily Dow Jones Internet Bear 3X Shares | 2.55% | 5.01% | 0.02% | 0.00% | 1.13% | 0.01% |
FNGD MicroSectors FANG+™ Index -3X Inverse Leveraged ETN | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
Drawdowns
WEBS vs. FNGD - Drawdown Comparison
The maximum WEBS drawdown since its inception was -99.13%, roughly equal to the maximum FNGD drawdown of -99.98%. Use the drawdown chart below to compare losses from any high point for WEBS and FNGD. For additional features, visit the drawdowns tool.
Volatility
WEBS vs. FNGD - Volatility Comparison
The current volatility for Daily Dow Jones Internet Bear 3X Shares (WEBS) is 14.20%, while MicroSectors FANG+™ Index -3X Inverse Leveraged ETN (FNGD) has a volatility of 18.36%. This indicates that WEBS experiences smaller price fluctuations and is considered to be less risky than FNGD based on this measure. The chart below showcases a comparison of their rolling one-month volatility.