FBGX
UBS AG FI Enhanced Large Cap Growth ETN

Price: $788.72
Change: $6.33 (-0.01%)
Category: Leveraged Equities
Last Updated:

Vitals

Issuer UBS
Brand UBS
Structure ETN
Expense Ratio 1.29%
Inception Jun 11, 2014

Analyst Report

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.

ETF Database Themes

Leveraged 2x
Asset Class Equity
Asset Class Size Large-Cap
Asset Class Style Growth
Region (General) North America
Region (Specific) U.S.

FactSet Classifications

  • Segment Leveraged Equity: U.S. - Large Cap Growth
  • Category Size and Style
  • Focus Large Cap
  • Niche Growth
  • Strategy Growth
  • Weighting Scheme Multi-Factor

Trading Data

Open - Volume -
Day Lo - Day Hi -
  • Open
  • Volume
  • Day Lo
  • Day Hi
  • 52 Week Lo $412.01
  • 52 Week Hi $802.45
  • AUM $171.3 M
  • Shares 0.2 M

Historical Trading Data

  • 1 Month Avg. Volume 165
  • 3 Month Avg. Volume 230

Alternative ETFs in the ETF Database Leveraged Equities Category

Type Symbol Expense Ratio Assets Avg. Daily Vol YTD Return
Cheapest SPUU 0.64% $58.2 M 16,374 46.74%
Largest (AUM) TQQQ 0.95% $17.6 B 32 M 55.42%
Most Liquid (Volume) SQQQ 0.95% $1.5 B 92 M -50.72%
Top YTD Performer NRGU 0.95% $747.8 M 410,602 235.47%

Alternative ETFs in the FactSet Leveraged Equity: U.S. - Large Cap Growth Segment

Type Symbol Expense Ratio Assets Avg. Daily Vol YTD Return
Cheapest IWFL 0.95% $33.5 M 495 N/A
Largest (AUM) FLGE 1.52% $284.4 M 612 43.15%
Most Liquid (Volume) FLGE 1.52% $284.4 M 612 43.15%
Top YTD Performer FLGE 1.52% $284.4 M 612 43.15%

Top 15 Holdings

Concentration Analysis

This section compares how balanced and deep this ETF is relative to its peers.

Holdings Comparison

FBGX ETF Database Category Average FactSet Segment Average
Number of Holdings 445 93 333
% of Assets in Top 10 44.48% 76.99% 33.36%
% of Assets in Top 15 51.26% 79.93% 38.45%
% of Assets in Top 50 73.30% 86.64% 54.98%

Size Comparison

FBGX ETF Database Category Average FactSet Segment Average
Large (>12.9B) N/A 33.55% N/A
Mid (>2.7B) N/A 12.61% N/A
Small (>600M) N/A 4.86% N/A
Micro (<600M) N/A 1.89% N/A

FBGX Valuation

This section compares the P/E ratio of this ETF to its peers.

FBGX
P/E Ratio
N/A
ETF Database Category Average
P/E Ratio
6.38
FactSet Segment Average
P/E Ratio
N/A

FBGX Dividend

This section compares the dividend yield of this ETF to its peers.

FBGX ETF Database Category Average FactSet Segment Average
Dividend N/A $ 0.09 N/A
Dividend Date N/A N/A N/A
Annual Dividend Rate N/A $ 0.14 N/A
Annual Dividend Yield N/A 0.20% N/A

FBGX Price and Volume Chart

FBGX Fund Flows

View charts featuring ETF fund flow data.

5 Day Net Flows: 0 1 Month Net Flows: -3.59 M 3 Month Net Flows: -3.59 M 6 Month Net Flows: -16.72 M 1 Year Net Flows: -66.07 M 3 Year Net Flows: -1.82 B 5 Year Net Flows: -2 B 10 Year Net Flows: -1.84 B

FBGX Price vs Flows AUM Influence

View charts that break down the influence that fund flows and price had on overall assets.

Realtime Rating

The 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.

Metric Metric Realtime Rating A+ Metric Rated ETF
Liquidity B+ n/a
Expenses C n/a
Performance
Volatility
Dividend
Concentration

A+ Overall Rated ETF:

FBGX Expenses & Fees

This section compares the cost efficiency of this ETF to its peers.

Expenses Ratio Analysis

FBGX
Expense Ratio
1.29%
ETF Database Category Average
Expense Ratio
1.04%
FactSet Segment Average
Expense Ratio
1.31%

Tax Analysis

Max ST Capital Gains Rate 39.60%
Max LT Capital Gains Rate 20.00%
Tax On Distributions No distributions
Distributes K1 No
ESG Themes and Scores

FBGX does not have an ESG score. There are no ESG themes that map to this ETF.

FBGX Performance

This section shows how this ETF has performed relative to its peers.

FBGX ETF Database
Category Average
Factset Segment
Average
1 Month Return 2.28% 1.77% 2.26%
3 Month Return 4.39% 0.51% 4.34%
YTD Return 42.75% 11.67% 32.20%
1 Year Return 65.02% 37.84% 50.49%
3 Year Return 205.62% 25.02% 153.84%
5 Year Return 493.65% 70.27% 245.02%

Geographic Exposure

The following charts reflect the geographic spread of FBGX's underlying holdings.

Holdings Analysis

The following charts reflect the allocation of FBGX's underlying holdings.

FBGX Technicals

Volatility Analysis

This section shows how the volatility of this ETF compares to the peer group ETF Database Category.

5 Day Volatility
382.36%
Rank
15 of 138

20 Day Volatility
34.72%
Rank
88 of 138

50 Day Volatility
27.76%
Rank
103 of 137

200 Day Volatility
24.48%
Rank
112 of 135

Beta
2.12
Rank
60 of 135

Standard Deviation
97.64%
Rank
1 of 125

Technicals

  • 20 Day MA $738.78
  • 60 Day MA $754.94
  • MACD 15 Period 44.81
  • MACD 100 Period 59.85
  • Williams % Range 10 Day 7.82
  • Williams % Range 20 Day 5.94
  • RSI 10 Day 67
  • RSI 20 Day 59
  • RSI 30 Day 58
  • Ultimate Oscillator 82

Bollinger Bands

  • Lower Bollinger (10 Day) $700.03
  • Upper Bollinger (10 Day) $818.47
  • Lower Bollinger (20 Day) $675.62
  • Upper Bollinger (20 Day) $802.55
  • Lower Bollinger (30 Day) $688.02
  • Upper Bollinger (30 Day) $806.59

Support & Resistance

  • Support Level 1 $788.72
  • Support Level 2 $788.72
  • Resistance Level 1 $788.72
  • Resistance Level 2 $788.72

Stochastic

  • Stochastic Oscillator %D (1 Day) 50.23
  • Stochastic Oscillator %D (5 Day) 84.55
  • Stochastic Oscillator %K (1 Day) 50.61
  • Stochastic Oscillator %K (5 Day) 83.40

Financial Advisor Report

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.

Fact Sheet

A fact sheet is not available for this ETF. Please visit the FBGX ETF home page for more information.

Data Lineage

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Analyst Report Authors

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.

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