FNGU, NYSE

MicroSectors FANG+ Index 3X Leveraged ETN (FNGU)

Price (as of September 5)

8.13USD

Correlations

The correlation describes the statistical relationship between the value of two assets over time. Use this relationship to bet against an asset without shorting it or diversify your portfolio more effectively. Learn how you can use correlations to your advantage.

Lowest within Industry

Symbol Correlation

CLDS

Direxion Daily Cloud Computing Bear 2X Shares

-0.82

SRTY

ProShares UltraPro Short Russell2000

-0.66

DISV

Dimensional International Small Cap Value ETF

-0.25

DIHP

Dimensional International High Profitability ETF

-0.22

DBND

DoubleLine Opportunistic Bond ETF

-0.19

BOAT

SonicShares Global Shipping ETF

-0.18

ICAP

InfraCap Equity Income Fund ETF

-0.14

CLRG

IQ Chaikin U.S. Large Cap ETF

-0.13

GLDB

Strategy Shares Gold-Hedged Bond ETF

-0.13

ADIV

SMARTETFS ASIA PACIFIC DIVIDEND BUILDER ETF

-0.13

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Highest within Industry

Symbol Correlation

TQQQ

ProShares UltraPro QQQ

0.91

QLD

ProShares Ultra QQQ

0.91

ROM

ProShares Ultra Technology

0.9

ARKW

ARK Next Generation Internet ETF

0.88

VGT

Vanguard Information Technology Index Fund

0.87

TECL

Direxion Daily Technology Bull 3X Shares

0.87

ARKF

ARK Fintech Innovation ETF

0.85

ARKK

ARK Innovation ETF

0.85

IQM

Franklin Intelligent Machines ETF

0.85

CLDL

Direxion Daily Cloud Computing Bull 2X Shares

0.84

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Profile

Sector:
Trading--leveraged Equity
Industry:
Exchange Traded Funds

The notes are intended to be daily trading tools for sophisticated investors to manage daily trading risks as part of an overall diversified portfolio. 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.