FNGD vs IVV
MicroSectors FANG+ Index -3X Inverse Leveraged ETN vs iShares Core S&P 500 ETF
Which is better, FNGD or IVV?
Opposite sides of the same exposure.
IVV has a lower expense ratio. IVV led over 1Y, 3Y, 5Y and the full window. The two move opposite each other, correlation -0.71, so holding both offsets the exposure while paying both fees. IVV is less concentrated, with 38.9% of the fund in its ten largest positions against 100.0%.
MarketXLS is not an investment adviser. This comparison is generated automatically from market data and is for information only. A Best mark means the better reading on that one measure, not a recommendation to buy.
Side-by-Side Comparison
| Metric | FNGD | IVV |
|---|---|---|
| Expense Ratio | 0.95% | 0.03%Best |
| AUM | $46M | $896.5B |
| Dividend Yield | 0.00% | 1.10% |
| Holdings | 10 | 508 |
| YTD Return | -55.23% | +13.59%Best |
| 1Y Return | -52.27% | +17.54%Best |
| 3Y Return (annualized) | -69.51% | +22.46%Best |
| 5Y Return (annualized) | -64.73% | +13.28%Best |
| Volatility (annualized) | 71.2% | 16.3%Best |
| Max Drawdown | - | -33.9% |
| $10,000 over 5 years | $55 | $18,654Best |
| Top 10 Weight | 100.0% | 38.9%Best |
| Fund Family | BMO Capital Markets | iShares by BlackRock (US) |
| Category | Alternative | Equity |
| Style | Trading-Inverse Equity | Large Cap Blend |
| Inception | Jan 22, 2018 | May 15, 2000 |
Volatility and max drawdown are measured over the window both funds cover: Jan 23, 2018 to Oct 14, 2026 (8.7 years).
FNGD vs IVV growth
Month-end closes. Both lines start at 0% in the first month shown, so the gap between them is the difference in growth across that window. The full view covers the 8.7 years both funds cover.
FNGD vs IVV Performance
MicroSectors FANG+ Index -3X Inverse Leveraged ETN (FNGD) is an ETF from BMO Capital Markets and iShares Core S&P 500 ETF (IVV) is an ETF from iShares by BlackRock (US). Over the past year FNGD returned -52.27% while IVV returned +17.54%. Year to date, FNGD is down 55.23% versus a gain of 13.59% for IVV.
Over three years, FNGD compounded at -69.51% per year against +22.46% for IVV; over five years the annualized figures are -64.73% and +13.28% respectively. Across the full 9-year window we track, IVV has the edge at +13.13% annualized vs -70.13%.
Past performance does not guarantee future results.
Risk: Volatility and Drawdowns
FNGD has been the more volatile fund, with annualized monthly volatility of 71.2% compared with 16.3% for IVV. Lower volatility generally means a smoother ride, though it often comes with lower long-run returns.
The two funds' monthly returns correlate at -0.71. They move opposite each other. Holding both offsets the exposure rather than spreading it, while paying both funds' fees.
Fees and Cost Over Time
FNGD charges 0.95% per year while IVV charges 0.03%. On a $10,000 position that is $95 vs $3 annually, a gap of $92 per year that compounds over a long holding period. On income, FNGD currently yields 0.00% against 1.10% for IVV.
Holdings Overlap
100.0% of FNGD's money is in holdings IVV also owns. 36.0% of IVV's money is in holdings FNGD also owns.
They hold the same names on opposite sides, so owning both offsets the exposure rather than doubling it.
10 positions in common, counted across the 10 positions we hold weights for in FNGD and 506 in IVV, against full books of 10 and 508.
What only one of them owns
Measured across the 10 and 506 positions we hold weights for.
IVV holds 490 positions FNGD does not, 63.4% of the fund.
Largest: GOOG 2.41%, AMD 1.52%, TSLA 1.51%, BRK.B 1.41%, LLY 1.39%
Top Shared Holdings
| Stock | Weight in FNGD | Weight in IVV | Difference |
|---|---|---|---|
| NVDANvidia Corp | 10.29% | 8.44% | 1.85% |
| AAPLApple, Inc | 9.65% | 7.29% | 2.36% |
| MSFTMicrosoft Corp | 10.08% | 5.76% | 4.32% |
| AMZNAmazon.Com Inc | 9.76% | 3.68% | 6.08% |
| MUMicron Technology, Inc. | 11.08% | 1.87% | 9.21% |
| METAMeta Platforms Inc | 10.38% | 2.42% | 7.96% |
| GOOGLAlphabet Inc | 9.67% | 3.00% | 6.67% |
| AVGOBroadcom Inc | 9.97% | 2.47% | 7.50% |
| PLTRPalantir Technologies Inc | 10.34% | 0.66% | 9.68% |
| NFLXNetflix, Inc. | 8.78% | 0.43% | 8.35% |
100.0% of FNGD is already inside IVV.
You probably hold more than these two. Add the rest and see how much of the whole book is the same companies twice.
Free for up to 10 holdings. No account needed.
Frequently Asked Questions
Which is cheaper, FNGD or IVV?
FNGD has an expense ratio of 0.95% while IVV charges 0.03%. IVV is the cheaper option, by $92 a year on a $10,000 investment.
Which performed better, FNGD or IVV?
Over the past year FNGD returned -52.27% vs +17.54% for IVV, so IVV leads on 1-year performance. Over the longest common window we track (9 years), FNGD annualized -70.13% vs +13.13% for IVV. Past performance does not guarantee future results. This is information, not a recommendation.
Which is riskier, FNGD or IVV?
FNGD has been the more volatile fund at 71.2% annualized versus 16.3% for IVV.
Should I hold both FNGD and IVV?
FNGD and IVV have a monthly-return correlation of -0.71, so they move opposite each other. Holding both offsets the exposure rather than spreading it, and pays both funds' fees on the way. This is information, not a recommendation.
What is the holdings overlap between FNGD and IVV?
100.0% of FNGD's money is in holdings IVV also owns. 36.0% of IVV's is in holdings FNGD also owns. They hold 10 positions in common, counted across the 10 positions we hold weights for in FNGD and 506 in IVV.
Which pays a higher dividend, FNGD or IVV?
FNGD yields 0.00% while IVV yields 1.10%, so IVV currently pays the higher dividend yield.
Is IVV better than FNGD?
IVV has a lower expense ratio. IVV led over 1Y, 3Y, 5Y and the full window. The two move opposite each other, correlation -0.71, so holding both offsets the exposure while paying both fees. IVV is less concentrated, with 38.9% of the fund in its ten largest positions against 100.0%. Which one suits a particular account depends on what it is for. This is information, not a recommendation.