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ETFs

MicroSectors FANG+ Index -3X Inverse Leveraged ETNs due January 8, 2038

FNGD
$--
Today’s Change
-- (--)

Snapshot
*

Inception Date
Jan 22 2018
Expense Ratio
0.95%
Type
US Equities
Fund Owner
MicroSectors
Volume (1m avg. daily)
$91,693,721
AUM
$250,869,729
Associated Index
NYSE FANG+ Index
Inverse/Leveraged
Inverse (-3x)
Passive/Active
Passive
Fractionable on Composer
No
Prospectus
View
Invest with FNGD

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.

ETFs related toFNGD

ETFs correlated to FNGD include BERZ, QID, SQQQ

FNGD
Bank of Montreal - MicroSectors FANG+ Index -3X Inverse Leveraged ETNs
BERZ
Bank of Montreal - MicroSectorsTM Solactive FANG & Innovation -3X Inverse Leveraged ETNs
QID
ProShares Trust - ProShares UltraShort QQQ -2x Shares
SQQQ
ProShares Trust - ProShares UltraPro Short QQQ -3x Shares
PSQ
ProShares Trust - ProShares Short QQQ -1x Shares
WEBS
Direxion Shares ETF Trust - Direxion Daily Dow Jones Internet Bear -3X Shares
TECS
Direxion Shares ETF Trust - Direxion Daily Technology Bear -3X Shares
HIBS
Direxion Shares ETF Trust - Direxion Daily S&P 500 High Beta Bear 3X Shares
SOXS
Direxion Shares ETF Trust - Direxion Daily Semiconductor Bear 3X Shares
SPXS
Direxion Shares ETF Trust - Direxion Daily S&P 500 Bear -3X Shares
SPXU
ProShares Trust - ProShares UltraPro Short S&P 500

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.

Automated Strategies
Related toFNGD

#SPYMIN

SPY minimum drawdown

Category

Community

Risk Rating

Aggressive

Create your own algorithmic trading strategy with FNGD using Composer

FAQ

FNGD is a US Equities ETF. 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.

FNGD tracks the NYSE FANG+ Index.

No, FNGD 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, FNGD 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 FNGD is 0.0082%. This is the percent change in the value of FNGD over the most recent 1-month period. The 3-month return on FNGD is -0.0334%. This is the percent change in the value of FNGD over the most recent 3-month period.

The standard deviation of FNGD for the past year is 0.9735%. 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 FNGD include FNGG, SSO, and TNA.

ETFs correlated to FNGD include BERZ, QID, and SQQQ.

ETFs that are inversely correlated to FNGD include FNGU, FNGO, and FNGS.

Yes, FNGD is a Inverse (-3x) ETF: This means that FNGD will try to match the performance of NYSE FANG+ Index, but with 3x the returns.

Yes, FNGD is a Inverse (-3x) leveraged ETF: This means that {characteristics.Identifier} will try to match the performance of NYSE FANG+ Index, but move 3x in the opposite direction.

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.

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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.