MicroSectors FANG+ Index -3X Inverse Leveraged ETNs due January 8, 2038
Snapshot*
What is FNGD?
The BMO REX MicroSectors FANG+ Index -3X Inverse Leveraged ETN is linked to the performance of the NYSE FANG+ Index. The ETN offers investors the total return of the NYSE FANG+ Index on a daily compounded -3x inverse leveraged basis, before taking into account fees. The NYSE FANG+ index includes 10 highly liquid stocks that represent a segment of the technology and consumer discretionary sectors consisting of highly-traded growth stocks of technology and tech-enabled companies. The index s underlying composition is equally weighted across all stocks, providing a performance benchmark that allows for a more value-driven approach to investing.
FNGDPerformance Measures**
for the time period Jan 23, 2018 to Dec 5, 2025
1M Trailing Return: —
The percent change in the value over the most recent 1-month period.
3M Trailing Return: -16.9%
The percent change in the value over the most recent 3-month period.
Max Drawdown: -100.0%
The greatest percent loss from peak to trough in value over the time period.
Standard Deviation: 92.5%
The typical amount that daily returns vary from the mean of the returns over the time period, standardized to a period of a year.
Sharpe Ratio: -0.90
The annualized arithmetic mean of the daily returns divided by the annualized standard deviation of the daily returns for the selected time period.
Calmar Ratio: -0.72
The annualized return divided by the max drawdown for the selected time period.
ETFs related toFNGD
ETFs correlated to FNGD include BERZ, QID, SQQQ
What is ETF correlation?
Correlation is a measure of the strength of the relationship between two ETFs. It quantifies the degree to which prices of the two ETFs typically move together.
Here, correlation is measured over the past year with the Pearson correlation coefficient (Pearon’s r), which ranges from -1 to 1.
Using ETF correlations in portfolio and strategy construction
ETF correlations can help you create investing strategies and portfolios. Use them to:
- •Build a diversified portfolio from uncorrelated or inversely correlated ETFs with the aim of minimizing portfolio risk.
- •Compare correlated or related ETFs to find one with a lower expense ratio or higher trading volume.
- •Create an investing strategy that hedges an ETF with an uncorrelated or inversely correlated ETF.
Trading Strategies
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Create your own algorithmic trading strategy with FNGD using Composer
FAQ
Disclaimers
We show information directly obtained from our data provider, Xignite. Data shown here is provided by Xignite, an unaffiliated third party. Composer believes the information shown here is reliable, but has not been verified and there is no guarantee that the information is accurate.
We show information based on calculations performed by Composer using data from our provider. Information provided here is based on calculations performed by Composer using data sourced from Xignite, an unaffiliated third party. Composer believes this information is reliable, but has not verified the data and there is no guarantee that the calculations are accurate.