FBGX vs. QQQ
Compare and contrast key facts about UBS AG FI Enhanced Large Cap Growth ETN (FBGX) and Invesco QQQ (QQQ).
FBGX and QQQ are both exchange-traded funds (ETFs), meaning they are traded on stock exchanges and can be bought and sold throughout the day. FBGX is a passively managed fund by UBS that tracks the performance of the Russell 1000 Growth Index (200%). It was launched on Jun 11, 2014. QQQ is a passively managed fund by Invesco that tracks the performance of the NASDAQ-100 Index. It was launched on Mar 10, 1999. Both FBGX and QQQ are passive ETFs, meaning that they are not actively managed but aim to replicate the performance of the underlying index as closely as possible.
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: FBGX or QQQ.
Key characteristics
| FBGX | QQQ | |
|---|---|---|
| YTD Return | 11.97% | 4.38% |
| 1Y Return | 64.06% | 35.44% |
| 3Y Return (Ann) | 7.23% | 8.99% |
| 5Y Return (Ann) | 23.27% | 18.27% |
| Sharpe Ratio | 2.12 | 2.12 |
| Daily Std Dev | 29.37% | 16.27% |
| Max Drawdown | -59.88% | -82.98% |
| Current Drawdown | -12.29% | -4.36% |
Correlation
The correlation between FBGX and QQQ is 0.94, which is considered to be high. That indicates a strong positive relationship between their price movements. Having highly-correlated positions in a portfolio may signal a lack of diversification, potentially leading to increased risk during market downturns.
Performance
FBGX vs. QQQ - Performance Comparison
In the year-to-date period, FBGX achieves a 11.97% return, which is significantly higher than QQQ's 4.38% return. The chart below displays the growth of a $10,000 investment in both assets, with all prices adjusted for splits and dividends.
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FBGX vs. QQQ - Expense Ratio Comparison
FBGX has a 1.29% expense ratio, which is higher than QQQ's 0.20% expense ratio.
Risk-Adjusted Performance
FBGX vs. QQQ - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for UBS AG FI Enhanced Large Cap Growth ETN (FBGX) and Invesco QQQ (QQQ). 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.
Dividends
FBGX vs. QQQ - Dividend Comparison
FBGX has not paid dividends to shareholders, while QQQ's dividend yield for the trailing twelve months is around 0.62%.
| TTM | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
FBGX UBS AG FI Enhanced Large Cap Growth ETN | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
QQQ Invesco QQQ | 0.62% | 0.62% | 0.80% | 0.43% | 0.55% | 0.74% | 0.91% | 0.84% | 1.06% | 0.99% | 1.41% | 1.01% |
Drawdowns
FBGX vs. QQQ - Drawdown Comparison
The maximum FBGX drawdown since its inception was -59.88%, smaller than the maximum QQQ drawdown of -82.98%. Use the drawdown chart below to compare losses from any high point for FBGX and QQQ. For additional features, visit the drawdowns tool.
Volatility
FBGX vs. QQQ - Volatility Comparison
UBS AG FI Enhanced Large Cap Growth ETN (FBGX) has a higher volatility of 10.51% compared to Invesco QQQ (QQQ) at 5.61%. This indicates that FBGX's price experiences larger fluctuations and is considered to be riskier than QQQ based on this measure. The chart below showcases a comparison of their rolling one-month volatility.