(FNGS) MicroSectors FANG+ ETN - Ratings and Ratios
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Description: FNGS MicroSectors FANG+ ETN October 24, 2025
The MicroSectors FANG+ ETN (NYSE ARCA:FNGS) tracks an equal-dollar weighted index of highly-traded growth stocks across the technology and consumer-discretionary sectors, focusing on tech-enabled companies. The ETN is issued by the Bank of Montreal as an unsecured, unsubordinated obligation, with each note carrying a $50 initial principal amount.
Key data points to watch: (1) the index’s average forward-PE ratio, which currently sits around 30×, indicating elevated growth expectations; (2) the quarterly earnings beat rate of the constituent stocks, historically above 70%, reflecting strong earnings momentum; and (3) the sensitivity of the index to macro-level tech spending trends, as a 1% change in U.S. tech capital expenditure forecasts typically moves the index by roughly 0.4%.
If you’re looking to deepen your analysis of the ETN’s risk-adjusted performance, consider exploring ValueRay’s platform for granular factor breakdowns and scenario modeling.
FNGS ETF Overview
| Market Cap in USD | 534m |
| Category | Technology |
| TER | 0.58% |
| IPO / Inception | 2019-11-12 |
FNGS ETF Ratings
| Growth Rating | 88.3% |
| Fundamental | - |
| Dividend Rating | - |
| Return 12m vs S&P 500 | 17.4% |
| Analyst Rating | - |
FNGS Dividends
Currently no dividends paidFNGS Growth Ratios
| Growth Correlation 3m | 83% |
| Growth Correlation 12m | 79.6% |
| Growth Correlation 5y | 77.3% |
| CAGR 5y | 59.75% |
| CAGR/Max DD 3y (Calmar Ratio) | 2.23 |
| CAGR/Mean DD 3y (Pain Ratio) | 14.03 |
| Sharpe Ratio 12m | 1.25 |
| Alpha | 19.83 |
| Beta | 1.170 |
| Volatility | 25.24% |
| Current Volume | 55.6k |
| Average Volume 20d | 78.7k |
| Stop Loss | 69.6 (-3.1%) |
| Signal | -0.24 |
What is the price of FNGS shares?
Over the past week, the price has changed by -2.83%, over one month by +3.03%, over three months by +11.27% and over the past year by +39.64%.
Is MicroSectors FANG+ ETN a good stock to buy?
Based on momentum, paid dividends and discounted-cash-flow analyses, the fair value of FNGS is around 90.64 USD . This means that FNGS is currently undervalued and has a potential upside of +26.26% (Margin of Safety).
Is FNGS a buy, sell or hold?
What are the forecasts/targets for the FNGS price?
| Issuer | Target | Up/Down from current |
|---|---|---|
| Wallstreet Target Price | - | - |
| Analysts Target Price | - | - |
| ValueRay Target Price | 102.7 | 43.1% |
FNGS Fundamental Data Overview October 27, 2025
Beta = 1.17
Revenue TTM = 0.0 USD
EBIT TTM = 0.0 USD
EBITDA TTM = 0.0 USD
Long Term Debt = unknown (none)
Short Term Debt = unknown (none)
Debt = unknown
Net Debt = unknown
Enterprise Value = 533.6m USD (533.6m + (null Debt) - (null CCE))
Interest Coverage Ratio = unknown (Ebit TTM 0.0 / Interest Expense TTM 0.0)
FCF Yield = 0.0% (FCF TTM 0.0 / Enterprise Value 533.6m)
FCF Margin = unknown (Revenue TTM is 0 or missing)
Net Margin = unknown
Gross Margin = unknown ((Revenue TTM 0.0 - Cost of Revenue TTM 0.0) / Revenue TTM)
Tobins Q-Ratio = unknown (Enterprise Value 533.6m / Total Assets none)
Interest Expense / Debt = unknown (Interest Expense 0.0 / Debt none)
Taxrate = 21.0% (US default 21%)
NOPAT = 0.0 (EBIT 0.0 * (1 - 21.00%))
Current Ratio = unknown (Total Current Assets none / Total Current Liabilities none)
Debt / Equity = unknown (Debt none)
Debt / EBITDA = unknown (Net Debt none / EBITDA 0.0)
Debt / FCF = unknown (Net Debt none / FCF TTM 0.0)
Total Stockholder Equity = 0.0 (from calculated bookValueOfEquity)
RoA = unknown (Net Income 0.0 / Total Assets none)
RoE = unknown (Net Income TTM 0.0 / Total Stockholder Equity 0.0)
RoCE = unknown (EBIT 0.0 / Capital Employed )
RoIC = unknown (NOPAT 0.0, Invested Capital 0.0, EBIT 0.0)
WACC = 10.33% (E(533.6m)/V(533.6m) * Re(10.33%) + (debt-free company))
Discount Rate = 10.33% (= CAPM, Blume Beta Adj.)
Fair Price DCF = unknown (Cash Flow 0.0)
Additional Sources for FNGS ETF
Tweets: X | Stocktwits
Fund Manager Positions: Dataroma | Stockcircle