The UBS AG FI Enhanced Large Cap Growth ETN (FBGX) aims to double the daily return of the Russell 1000 Growth Index, an index of U.S. large-cap equities such as Microsoft, Apple and Amazon.
The notes are intended to be used as short-term trading tools by sophisticated investors. FBGX, like most leveraged products, rebalances at the end of every trading day. In practice, this means FBGX’s performance will diverge significantly from the underlying stocks. The daily reset means that FBGX could lose money over time even if the underlying equities have posted a gain, which can come as a rude surprise to buy-and-hold investors.
Investors looking for long-term exposure to the Russell 1000 Growth Index would do better with un-leveraged funds like the Vanguard Russell 1000 Growth ETF (VONG) or iShares Russell 1000 Growth ETF (IWF). There are plenty of other low-cost growth stock ETFs out there too, like the Schwab U.S. Large-Cap Growth ETF (SCHG), which follows a Dow Jones index, or the Vanguard Growth ETF (VUG), which follows a CRSP index.
FBGX’s management fee of 85 basis points might seem like a high price to pay for a passive investment, but that shouldn’t be a major concern for short-term trading. Still, it’s more expensive than nearly-identical products like the Credit Suisse FI Large Cap Growth Enhanced ETN (FLGE) and the GS Finance Large Cap Growth Index-Linked ETN (FRLG), which is the cheapest of the bunch.
| Segment | Leveraged Equity: U.S. - Large Cap Growth |
| Category | Size and Style |
| Focus | Large Cap |
| Niche | Growth |
| Strategy | Growth |
| Weighting Scheme | Multi-Factor |
This section compares how balanced and deep this ETF is relative to its peers.
| FBGX | ETF Database Category Average | FactSet Segment Average | |
|---|---|---|---|
| Number of Holdings | 445 | 111 | 222 |
| % of Assets in Top 10 | 44.48% | 66.35% | 22.24% |
| % of Assets in Top 15 | 51.26% | 70.21% | 25.63% |
| % of Assets in Top 50 | 73.30% | 79.15% | 36.65% |
| FBGX | ETF Database Category Average | FactSet Segment Average | |
|---|---|---|---|
| Large (>12.9B) | N/A | 3.04% | N/A |
| Mid (>2.7B) | N/A | 0.05% | N/A |
| Small (>600M) | N/A | 0.00% | N/A |
| Micro (<600M) | N/A | 0.00% | N/A |
This section compares the P/E ratio of this ETF to its peers.
This section compares the dividend yield of this ETF to its peers.
| FBGX | ETF Database Category Average | FactSet Segment Average | |
|---|---|---|---|
| Dividend | N/A | $ 0.13 | N/A |
| Dividend Date | N/A | N/A | N/A |
| Annual Dividend Rate | N/A | $ 0.32 | N/A |
| Annual Dividend Yield | N/A | 0.89% | N/A |
View charts featuring FBGX price and volume data.
View charts featuring ETF fund flow data.
5 Day Net Flows: 0 1 Month Net Flows: 0 3 Month Net Flows: 0 6 Month Net Flows: 0 1 Year Net Flows: 0 3 Year Net Flows: 0 5 Year Net Flows: 0 10 Year Net Flows: 0View charts that break down the influence that fund flows and price had on overall assets.
5 Day Net AUM Change: 4.08 MThe adjacent table gives investors an individual Realtime Rating for FBGX on several different metrics, including liquidity, expenses, performance, volatility, dividend, concentration of holdings in addition to an overall rating. The "A+ Metric Rated ETF" field, available to ETF Database Pro members, shows the ETF in the Leveraged Equities with the highest Metric Realtime Rating for each individual field. To view all of this data, sign up for a free 14-day trial for ETF Database Pro. To view information on how the ETF Database Realtime Ratings work, click here.
This section compares the cost efficiency of this ETF to its peers.
| Max ST Capital Gains Rate | 39.60% |
| Max LT Capital Gains Rate | 20.00% |
| Tax On Distributions | No distributions |
| Distributes K1 | No |
FBGX does not have an ESG score. There are no ESG themes that map to this ETF.
This section shows how this ETF has performed relative to its peers. Returns over 1 year are annualized.
| FBGX |
ETF Database
Category Average |
Factset Segment
Average |
|
|---|---|---|---|
| 1 Month Return | 25.78% | 21.90% | 13.33% |
| 3 Month Return | 11.15% | 1.62% | 5.70% |
| YTD Return | 70.49% | 38.46% | 35.33% |
| 1 Year Return | 50.82% | 15.88% | 25.46% |
| 3 Year Return | 8.86% | -1.27% | 2.22% |
| 5 Year Return | 23.28% | -0.30% | 5.82% |
The following charts reflect the geographic spread of FBGX's underlying holdings.
The following charts reflect the allocation of FBGX's underlying holdings.
This section shows how the volatility of this ETF compares to the peer group ETF Database Category.
| 5 Day Volatility | 504.01% |
| 20 Day Volatility | 23.80% |
| 50 Day Volatility | 33.31% |
| 200 Day Volatility | 30.92% |
| Beta | 2.23 |
| Standard Deviation | 79.31% |
ETF Database's Financial Advisor Reports are designed as an easy handout for clients to explain the key information on a fund. Includes new analyst insights and classification data.
A fact sheet is not available for this ETF. Please visit the FBGX ETF home page for more information.
Here is a look at the 25 best and 25 worst ETFs from the past month. Traders can use this list to...
Here is a look at the 25 best and 25 worst ETFs from the past week. Traders can use this list to...
The Thanksgiving holiday made for a somewhat slower week for the ETF industry. However, a dozen...
ETF Trends and ETF Database , the preeminent digital platforms for ETF news, research, tools, video, webcasts, native content channels, and more. The ETF Trends and ETF Database brands have been trusted amongst advisors, institutional investors, and individual investors for a combined 25 years. The firms are uniquely positioned to aid advisor’s education, adoption, and usage of ETFs, as well as the asset management community’s transition from traditionally analog to digital interactions with the advisor community.
Our team at ETF Database is committed to making our website the premier source of information on ETF investing with the world’s highest quality ETF tools, content, and resources.
ETF Database analysts have a combined 50 years in the ETF and Financial markets, covering every asset class and investment style. The team monitors new filings, new launches and new issuers to make sure we place each new ETF in the appropriate context so Financial Advisors can construct high quality portfolios.
Copyright © 2023 FactSet Research Systems Inc. All rights reserved.
A long-running debate in asset allocation circles is how much of a portfolio an investor should...
In a digital age where information moves in milliseconds and millions of participants can transact...