What other ETFs have a similar trend?
3/6/2024 11:55am
ETFs with a similar trend as FNGU include:1. FNGG: MicroSectors FANG+™ Index 2X Leveraged ETN (FNGG) provides exposure to the same five core technology companies as FNGU, but with twice the leverage. It has shown a similar trend to FNGU due to its high exposure to the same technology stocks.2. FNGO: MicroSectors FANG+™ Index 1X Leveraged ETN (FNGO) provides exposure to the same core technology companies as FNGU, but with only 1x leverage. It has also followed a similar trend to FNGU, albeit with lower returns due to its lower leverage.3. BULZ: MicroSectors Solactive FANG & Innovation 3X Leveraged ETN (BULZ) is another ETF that has shown a similar trend to FNGU. It focuses on top technology companies domiciled in the U.S. and has provided leveraged exposure to the technology sector, which has been benefiting from a dovish Federal Reserve and cooling inflation.These ETFs have demonstrated a similar trend to FNGU by providing leveraged exposure to technology stocks, including those in the FANG+™ index. Their performance has been influenced by the same factors driving the trend in FNGU, such as the performance of the technology sector, investor sentiment, and market trends.