FBGX vs. LQQ.PA

Last updated Jun 16, 2026

FBGX (UBS AG FI Enhanced Large Cap Growth ETN) and LQQ.PA (Lyxor UCITS NASDAQ-100 Daily Leverage) are both exchange-traded funds - FBGX is a Leveraged Equities fund tracking the Russell 1000 Growth Index (200%), while LQQ.PA is a Nasdaq-100 fund tracking the Nasdaq 100® Leverage (2x) index. Both are passively managed. At a 0.34 correlation, their price movements are largely independent. FBGX charges 1.29%/yr vs 0.60%/yr for LQQ.PA.

Performance

FBGX vs. LQQ.PA - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in UBS AG FI Enhanced Large Cap Growth ETN (FBGX) and Lyxor UCITS NASDAQ-100 Daily Leverage (LQQ.PA). The values are adjusted to include any dividend payments, if applicable.

Different Trading Currencies

FBGX is traded in USD, while LQQ.PA is traded in EUR. To make them comparable, the LQQ.PA values have been converted to USD using the latest available exchange rates.

Returns By Period

FBGX

• 1D: —
• 1M: —
• YTD: —
• 6M: —
• 1Y: —
• 3Y*: —
• 5Y*: —
• 10Y*: —

LQQ.PA

• 1D: 5.65%
• 1M: 7.74%
• YTD: 38.52%
• 6M: 40.94%
• 1Y: 81.81%
• 3Y*: 45.59%
• 5Y*: —
• 10Y*: —

*Multi-year figures are annualized to reflect compound growth (CAGR)

FBGX vs. LQQ.PA - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023
FBGX UBS AG FI Enhanced Large Cap Growth ETN	0.00%	0.00%	35.73%	64.13%
LQQ.PA Lyxor UCITS NASDAQ-100 Daily Leverage	38.52%	29.49%	47.29%	82.44%

Correlation

The correlation between FBGX and LQQ.PA is 0.34, which is low. Their price movements are largely independent, making them effective diversification partners.

	Correlation
Correlation (3Y) Calculated over the trailing 3-year period	0.32
Correlation (All Time) Calculated using the full available price history since Mar 10, 2023	0.34

Return for Risk

FBGX vs. LQQ.PA — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.

FBGX

Risk / return metrics aren't available yet — we need at least 12 months of trading data to calculate them.

LQQ.PA

LQQ.PA Risk / Return Rank: 76
LQQ.PA Sharpe Ratio Rank: 86
LQQ.PA Sortino Ratio Rank: 76
LQQ.PA Omega Ratio Rank: 75
LQQ.PA Calmar Ratio Rank: 78
LQQ.PA Martin Ratio Rank: 67

The rank (0–100) shows how this investment's returns compare to the risk taken. Higher = better. Based on the past 12 months of data, combining Sharpe, Sortino, and other metrics used by quantitative funds and institutional investors.

FBGX vs. LQQ.PA - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for UBS AG FI Enhanced Large Cap Growth ETN (FBGX) and Lyxor UCITS NASDAQ-100 Daily Leverage (LQQ.PA). Risk-adjusted metrics are performance indicators that assess an investment's returns in relation to its risk, enabling a more accurate comparison of different investment options.

Values are calculated on a 1-year rolling basis and updated daily. Risk-adjusted metrics are more stable over longer periods — use the period switch above to explore them.

	FBGX	LQQ.PA	Difference
Sharpe ratio: Return per unit of total volatility	—	2.48	—
Sortino ratio: Return per unit of downside risk	—	3.10	—
Omega ratio: Gain probability vs. loss probability	—	1.39	—
Calmar ratio: Return relative to maximum drawdown	—	3.53	—
Martin ratio: Return relative to average drawdown	—	11.73	—

Drawdowns

Drawdown Indicators

	FBGX	LQQ.PA	Difference
Max Drawdown Largest peak-to-trough decline	—	-42.34%	—
Max Drawdown (1Y) Largest decline over 1 year	—	-22.81%	—
Max Drawdown (3Y) Largest decline over 3 years	—	-42.34%	—
Current Drawdown Current decline from peak	—	-1.42%	—
Average Drawdown Average peak-to-trough decline	—	-6.61%	—
Ulcer Index Depth and duration of drawdowns from previous peaks	—	6.90%	—

Volatility

Volatility by Period

	FBGX	LQQ.PA	Difference
Volatility (1M) Calculated over the trailing 1-month period	—	12.75%	—
Volatility (6M) Calculated over the trailing 6-month period	—	25.30%	—
Volatility (1Y) Calculated over the trailing 1-year period	—	32.54%	—
Volatility (5Y) Calculated over the trailing 5-year period, annualized	—	35.74%	—
Volatility (10Y) Calculated over the trailing 10-year period, annualized	—	35.74%	—

FBGX vs. LQQ.PA - Expense Ratio Comparison

FBGX has a 1.29% expense ratio, which is higher than LQQ.PA's 0.60% expense ratio.

Dividends

FBGX vs. LQQ.PA - Dividend Comparison

Neither FBGX nor LQQ.PA has paid dividends to shareholders.

Tickers have no history of dividend payments

Frequently Asked Questions

Can I hold both FBGX and LQQ.PA in my portfolio?

FBGX and LQQ.PA have a correlation of 0.34, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which ETF is better, FBGX or LQQ.PA?

On fees, LQQ.PA is cheaper at 0.60% per year. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF is cheaper, FBGX or LQQ.PA?

LQQ.PA is cheaper with a 0.60% expense ratio, compared with 1.29% for FBGX.

What is the main difference between FBGX and LQQ.PA?

FBGX is categorized as Leveraged Equities, while LQQ.PA is Nasdaq-100. FBGX tracks Russell 1000 Growth Index (200%), while LQQ.PA tracks Nasdaq 100® Leverage (2x) index. They also come from different issuers: UBS and Amundi. Their fees differ too: 1.29% for FBGX and 0.60% for LQQ.PA.