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ETFs

MicroSectors FANG+ Index 2X Leveraged ETNs due January 8, 2038

FNGO
$—
Today’s Change
— (—)

Snapshot
*

Inception Date
Aug 1, 2018
Expense Ratio
0.95%
Type
US Equities
Fund Owner
MicroSectors
Volume (1m avg. daily)
$1,686,298
AUM
$167,513,508
Associated Index
NYSE FANG+ Index
Inverse/Leveraged
Leveraged (2x)
Passive/Active
Passive
Fractionable on Composer
Yes
Prospectus
View
Invest with FNGO
Trade FNGO Options

What is FNGO?

The return on the MicroSectors FANG+ Index 2X Leveraged ETNs (ETNs) are linked to a two times leveraged participation in the performance of the Index, compounded daily, minus the applicable fees. The ETNs provide levered exposure to the NYSE FANG+ Index. The NYSE FANG+ Index, an equal-dollar weighted index, was created by NYSE in 2017 to provide exposure to a group of highly-traded growth stocks of next generation technology and tech-enabled companies. This includes the five core FANG stocks--Facebook, Apple, Amazon, Netflix and Alphabet s Google plus another five actively-traded technology growth stocks Alibaba, Baidu, NVIDIA, Tesla and Twitter. MicroSectors provide concentrated exposure to 10 stocks in a given sub-sector, or microsector .

1M
3M
6M
YTD
1Y
3Y
Max
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FNGO
Performance Measures**

for the time period Aug 2, 2018 to Dec 5, 2025

Returns

1M Trailing Return: -2.1%

The percent change in the value over the most recent 1-month period.

3M Trailing Return: 9.3%

The percent change in the value over the most recent 3-month period.

Measures of Risk or Volatility

Max Drawdown: -78.4%

The greatest percent loss from peak to trough in value over the time period.

Standard Deviation: 62.4%

The typical amount that daily returns vary from the mean of the returns over the time period, standardized to a period of a year.

Measures of Risk-Adjusted Performance

Sharpe Ratio: 0.87

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: 0.53

The annualized return divided by the max drawdown for the selected time period.

ETFs related toFNGO

ETFs correlated to FNGO include FNGU, FNGS, BULZ

FNGO
Bank of Montreal - MicroSectors FANG+Index 2X Leveraged ETNs
FNGU
Bank of Montreal - BMO REX MicroSectors FANG+ Index 3X Leveraged ETN
FNGS
Bank of Montreal - MicroSectors FANG ETNs
BULZ
Bank of Montreal - MicroSectorsTM Solactive FANG Innovation 3X Leveraged ETNs
QQQ
Invesco Capital Management LLC - Invesco QQQ Trust Series 1
TQQQ
ProShares Trust - ProShares UltraPro QQQ 3x Shares
QQQM
Invesco Exchange-Traded Fund Trust II - Invesco NASDAQ 100 ETF
QLD
ProShares Trust - ProShares Ultra QQQ 2x Shares
FBCG
Fidelity Covington Trust - Fidelity Blue Chip Growth ETF
XNTK
SPDR Series Trust - SPDR NYSE Technology ETF
IGM
BlackRock Institutional Trust Company N.A. - iShares Expanded Tech Sector ETF

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
Related toFNGO

CounterBalancer - Low R/R (Dec) (Low Risk)

Category

Tactical allocation, Long/Short, Leveraged ETFs, Trend & momentum, Mean reversion, Volatility hedge, Daily rebalance

OOS Cumulative Return

91.19%

Something wild - 14d Std Dev (High Risk)

Category

Tactical, Trend-following, Mean-reversion, Leveraged ETFs, Volatility trading, Tech-heavy, Daily rebalance, High risk

OOS Cumulative Return

47.39%

Create your own algorithmic trading strategy with FNGO using Composer

FAQ

FNGO is a US Equities ETF. The return on the MicroSectors FANG+ Index 2X Leveraged ETNs (ETNs) are linked to a two times leveraged participation in the performance of the Index, compounded daily, minus the applicable fees. The ETNs provide levered exposure to the NYSE FANG+ Index. The NYSE FANG+ Index, an equal-dollar weighted index, was created by NYSE in 2017 to provide exposure to a group of highly-traded growth stocks of next generation technology and tech-enabled companies. This includes the five core FANG stocks--Facebook, Apple, Amazon, Netflix and Alphabet s Google plus another five actively-traded technology growth stocks Alibaba, Baidu, NVIDIA, Tesla and Twitter. MicroSectors provide concentrated exposure to 10 stocks in a given sub-sector, or microsector .

FNGO tracks the NYSE FANG+ Index.

No, FNGO is not actively managed. It is passively managed. In an actively managed fund, the fund manager makes decisions about how funds are invested. A passively managed fund typically tries to track or follow a market index.

Yes, FNGO is passively managed. A passively managed fund typically tries to track or follow a market index. In an actively managed fund, the fund manager makes decisions about how funds are invested.

The 1-month return on FNGO is -0.0207%. This is the percent change in the value of FNGO over the most recent 1-month period. The 3-month return on FNGO is -0.0355%. This is the percent change in the value of FNGO over the most recent 3-month period.

The standard deviation of FNGO for the past year is 0.6577%. Standard deviation is the typical amount that the daily returns vary from the mean of the returns over the time period, standardized to a period of a year.

ETFs similar to FNGO include FNGG, SSO, and TNA.

ETFs correlated to FNGO include FNGU, FNGS, and BULZ.

ETFs that are inversely correlated to FNGO include FNGD, BERZ, and QID.

Yes, FNGO is a Leveraged (2x) ETF: This means that FNGO will try to match the performance of NYSE FANG+ Index, but with 2x the returns.

No, FNGO is not an inverse ETF.

Disclaimers

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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.