Are you getting the best rate from your broker?
Compare your broker's rates now to find out if you can save money

Choose your broker below
Welcome to ETFdb.com. Please help us personalize your experience.

Select the one that best describes you

FRLG
GS Finance Large Cap Growth Index-Linked ETN

Price: $181.56
Change: $0.25 (0.0%)
Category: Leveraged Equities
Last Updated:

Vitals

Investment Themes

Trading Data

Open - Volume -
Day Lo - Day Hi -
  • Open
  • Volume
  • Day Lo
  • Day Hi
  • 52 Week Lo $73.00
  • 52 Week Hi $221.07
  • AUM $82.5 M
  • Shares 0.4 M

Analyst Report

The GS Finance Large Cap Growth Index-Linked ETN (FRLG) 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. FRLG, like most leveraged products, rebalances at the end of every trading day. In practice, this means FRLG’s performance will diverge significantly from the underlying stocks. The daily reset means that FRLG 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.

FRLG’s management fee of 65 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. It’s cheaper than nearly identical products like the Credit Suisse FI Large Cap Growth Enhanced ETGN (FLGE) and the UBS AG FI Enhanced Large Cap Growth ETN (FBGX).

Historical Trading Data

  • 1 Month Avg. Volume 6,471
  • 3 Month Avg. Volume 11,086

Alternative ETFs in the Leveraged Equities Category

Type Symbol Expense Ratio Assets Avg. Daily Vol YTD Return
Cheapest SDYL 0.30% $14.1 M 1,126 -31.53%
Largest (AUM) TQQQ 0.95% $7.9 B 35 M 36.18%
Most Liquid (Volume) SQQQ 0.95% $1.7 B 40 M -75.72%
Top YTD Performer FNGU 0.95% $741.3 M 676,837 181.98%

Top 15 Holdings

Concentration Analysis

This section compares how balanced and deep this ETF is relative to the peer group ETFdb.com Category.

433
Number of Holdings
44.15%
% Assets in Top 10
50.86%
% Assets in Top 15
73.33%
% Assets in Top 50
Number of Holdings
433

% Assets in Top 10
44.15%

% Assets in Top 15
50.86%

% Assets in Top 50
73.33%

Sector Breakdown

FRLG Valuation

This section shows how the P/E multiple of this ETF compares to the peer group ETFdb.com Category.

P/E Ratio
No Ranking Available
Rank
N/A

FRLG Dividend

This section shows how the dividend yield of this ETF compares to the peer group ETFdb.com Category.

Dividend
n/a
Dividend Date
n/a
Annual Dividend Rate
n/a

n/a
Dividend
n/a
Dividend Date
n/a
Annual Dividend Rate
Annual Dividend Yield
No Ranking Available
Rank
N/A

FRLG Fund Flows

View charts featuring ETF fund flow data.

5 Day Net Flows: 0 1 Month Net Flows: 0 3 Month Net Flows: -120.69 M 6 Month Net Flows: -1.42 B 1 Year Net Flows: -1.33 B 3 Year Net Flows: -442.66 M 5 Year Net Flows: -442.66 M 10 Year Net Flows: -442.66 M

Realtime Rating

The adjacent table gives investors an individual Realtime Rating for FRLG 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 ETFdb 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 ETFdb Pro. To view information on how the ETFdb Realtime Ratings work, click here.

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

A+ Overall Rated ETF:

FRLG Expenses & Fees

This section compares the cost efficiency of this ETF to peers in the same ETFdb.com Category.

Expenses Ratio Analysis

ETF Average
0.535%
ETF Wtd. Average
0.19%
Category Average
1.00%
Expense Ratio
0.65%
ESG Themes and Scores

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

FRLG Performance

This section shows how this ETF has performed relative to its peer group ETFdb.com Category.

-4.67%
1 Week Return
-8.01%
4 Week Return
17.31%
13 Week Return
135.03%
26 Week Return
25.58%
Year to Date Return
48.28%
1 Year Return
No Ranking Available
3 Year Return
No Ranking Available
5 Year Return
1 Week Return
-4.67%

4 Week Return
-8.01%

13 Week Return
17.31%

26 Week Return
135.03%

Year to Date Return
25.58%

1 Year Return
48.28%

3 Year Return
No Ranking Available

5 Year Return
No Ranking Available

FRLG Price and Volume Chart

FRLG Technicals

Volatility Analysis

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

5 Day Volatility
291.30%
Rank
80 of 151

20 Day Volatility
50.39%
Rank
93 of 151

50 Day Volatility
42.43%
Rank
98 of 151

200 Day Volatility
41.22%
Rank
133 of 149

Beta
2.17
Rank
67 of 151

Standard Deviation
27.75%
Rank
37 of 141

Technicals

  • 20 Day MA $197.03
  • 60 Day MA $181.54
  • MACD 15 Period -12.98
  • MACD 100 Period 15.82
  • Williams % Range 10 Day 77.25
  • Williams % Range 20 Day 85.95
  • RSI 10 Day 38
  • RSI 20 Day 46
  • RSI 30 Day 50
  • Ultimate Oscillator 43

Bollinger Brands

  • Lower Bollinger (10 Day) $178.35
  • Upper Bollinger (10 Day) $196.96
  • Lower Bollinger (20 Day) $174.45
  • Upper Bollinger (20 Day) $219.57
  • Lower Bollinger (30 Day) $172.81
  • Upper Bollinger (30 Day) $215.07

Support & Resistance

  • Support Level 1 $177.25
  • Support Level 2 $172.95
  • Resistance Level 1 $183.71
  • Resistance Level 2 $185.87

Stochastic

  • Stochastic Oscillator %D (1 Day) 57.51
  • Stochastic Oscillator %D (5 Day) 27.87
  • Stochastic Oscillator %K (1 Day) 48.95
  • Stochastic Oscillator %K (5 Day) 31.45

Fact Sheet

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

Brought to You by ETF Flows


Source: LSEG Information Services (US), Inc. (“LSEG”) © LSEG 2016. All rights in the XTF data, ratings and / or underlying data contained in this communication (“the XTF information”) vest in LSEG and/or its licensors. Neither LSEG nor its licensors accept any liability arising out of the use of, reliance on or any errors or omissions in the XTF information. No further distribution of the XTF information is permitted without LSEG’s express written consent. LSEG does not promote, sponsor or endorse the content of this communication.

Copyright MSCI ESG Research LLC [2018]. All Rights Reserved. MSCI ESG Research LLC’s (“MSCI ESG”) Fund Metrics products (the “Information”) provide environmental, social and governance data with respect to underlying securities within more than 23,000 multi-asset class Mutual Funds and ETFs globally. MSCI ESG is a Registered Investment Adviser under the Investment Advisers Act of 1940. MSCI ESG materials have not been submitted, to nor received approval from, the US SEC or any other regulatory body. None of the information constitutes an offer to buy or sell, or a promotion or recommendation of, any security, financial instrument or product or trading strategy, nor should it be taken as an indication or guarantee of any future performance, analysis, forecast or prediction. None of the Information can be used to determine which securities to buy or sell or when to buy or sell them. The Information is provided “as is” and the user of the Information assumes the entire risk of any use it may make or permit to be made of the Information. All Information is provided solely for your internal use, and may not be reproduced or redisseminated in any form without express prior written permission from MSCI. Neither MSCI ESG nor any of its affiliates or any third party involved in or related to creating any Information makes any express or implied warranties, representations or guarantees, and in no event will MSCI ESG or any such affiliate or third party have any liability for any direct, indirect, special, punitive, consequential or any other damages (including lost profits) relating to any Information. More information on MSCI ESG Fund Metrics, provided by MSCI ESG Research LLC, can be found at https://www.msci.com/esg-fund-metrics.
© 2020 Market data provided is at least 15-minutes delayed and hosted by Barchart Solutions.

Information is provided 'as is' and solely for informational purposes, not for trading purposes or advice, and is delayed. To see all exchange delays and terms of use, please see disclaimer.