XXXX vs. FNGU
Compare and contrast key facts about MAX S&P 500 4X Leveraged ETN (XXXX) and MicroSectors FANG+™ Index 3X Leveraged ETN (FNGU).
XXXX and FNGU are both exchange-traded funds (ETFs), meaning they are traded on stock exchanges and can be bought and sold throughout the day. XXXX is a passively managed fund by Max that tracks the performance of the S&P 500. It was launched on Dec 4, 2023. 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. Both XXXX and FNGU 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: XXXX or FNGU.
Key characteristics
| XXXX | FNGU | |
|---|---|---|
| YTD Return | 49.10% | 64.80% |
| Daily Std Dev | 160.40% | 72.93% |
| Max Drawdown | -31.99% | -92.34% |
| Current Drawdown | -10.30% | -31.41% |
Correlation
The correlation between XXXX and FNGU is 0.85, 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
XXXX vs. FNGU - Performance Comparison
In the year-to-date period, XXXX achieves a 49.10% return, which is significantly lower than FNGU's 64.80% 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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XXXX vs. FNGU - Expense Ratio Comparison
XXXX has a 2.95% expense ratio, which is higher than FNGU's 0.95% expense ratio.
Risk-Adjusted Performance
XXXX vs. FNGU - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for MAX S&P 500 4X Leveraged ETN (XXXX) 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.
Not enough dataDividends
XXXX vs. FNGU - Dividend Comparison
Neither XXXX nor FNGU has paid dividends to shareholders.
Drawdowns
XXXX vs. FNGU - Drawdown Comparison
The maximum XXXX drawdown since its inception was -31.99%, smaller than the maximum FNGU drawdown of -92.34%. Use the drawdown chart below to compare losses from any high point for XXXX and FNGU. For additional features, visit the drawdowns tool.
Volatility
XXXX vs. FNGU - Volatility Comparison
The current volatility for MAX S&P 500 4X Leveraged ETN (XXXX) is 15.80%, while MicroSectors FANG+™ Index 3X Leveraged ETN (FNGU) has a volatility of 26.32%. This indicates that XXXX 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.