FNGO vs. SPRX ETF Comparison
Comparison of MicroSectors FANG Index 2X Leveraged ETNs due January 8, 2038 (FNGO) to Spear Alpha ETF (SPRX)
FNGO
MicroSectors FANG Index 2X Leveraged ETNs due January 8, 2038
FNGO Description
The investment seeks to approximate the returns that might be available to investors through a leveraged ¿long¿ investment in the NYSE FANG+¿ Index (the index). The notes are senior unsecured medium-term notes issued by Bank of Montreal with a return linked to a 2X leveraged participation in the performance of the index, compounded daily, less a Daily Investor Fee, the Daily Financing Charge and, if applicable, the Redemption Fee Amount. The index is an equal-dollar weighted index designed to represent a segment of the technology and consumer discretionary sectors consisting of highly-traded growth stocks of technology and tech-enabled companies.
Grade (RS Rating)
Last Trade
$55.83
Average Daily Volume
36,101
10
SPRX
Spear Alpha ETF
SPRX Description
SPRX invests in companies that are poised to benefit from breakthrough trends in industrial technology. The fund’s objective is to find underappreciated opportunities across different industrial supply chains that are beneficiaries of the secular themes discussed below: Environmental Focus and Decarbonization Manufacturing Digitalization Automation & Robotics Photonics and Additive Manufacturing Space Exploration Artificial Intelligence (AI) SPRX is an actively managed ETF that seeks long-term capital growth by investing in US listed securities (including American depositary receipts "ADRs") of industrial and technology companies relevant to the Fund’s investment themes and the ecosystem around them. SPRX invests in both “growth”, defined as companies with high and underappreciated growth prospects, and “value”, defined as opportunities that are undervalued based on an assessment of the underlying fundamentals.Grade (RS Rating)
Last Trade
$22.18
Average Daily Volume
110,857
25
Performance
| Period | FNGO | SPRX |
|---|---|---|
| 30 Days | -2.25% | -3.50% |
| 60 Days | -1.15% | -8.60% |
| 90 Days | 11.27% | -3.58% |
| 12 Months | 133.70% | 64.34% |
FNGO Underweight 22 Positions Relative to SPRX
| Symbol | Grade | Weight | |
|---|---|---|---|
| ZS | D | -9.7% | |
| S | D | -5.96% | |
| MRVL | D | -4.79% | |
| FCX | A | -4.69% | |
| CRWD | C | -4.69% | |
| CFLT | D | -4.63% | |
| HUBS | B | -4.55% | |
| CEG | A | -4.52% | |
| NRG | A | -4.19% | |
| SHOP | D | -4.18% | |
| NET | D | -3.92% | |
| DDOG | A | -3.33% | |
| RIVN | F | -3.26% | |
| ALB | D | -2.72% | |
| GTLB | D | -2.1% | |
| NVT | A | -1.15% | |
| ANET | C | -1.05% | |
| U | F | -0.87% | |
| PH | A | -0.32% | |
| PANW | B | -0.0% | |
| RIO | A | -0.0% | |
| ROK | D | -0.0% |
FNGO: Top Represented Industries & Keywords
SPRX: Top Represented Industries & Keywords
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