FNGAX vs. TQQQ
Compare and contrast key facts about Franklin International Growth Fund Class A (FNGAX) and ProShares UltraPro QQQ (TQQQ).
FNGAX is managed by Franklin Templeton. It was launched on Jun 3, 2008. TQQQ is a passively managed fund by ProShares that tracks the performance of the NASDAQ-100 Index (300%). It was launched on Feb 9, 2010.
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: FNGAX or TQQQ.
Correlation
The correlation between FNGAX and TQQQ is 0.71, 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
FNGAX vs. TQQQ - Performance Comparison
Key characteristics
FNGAX:
0.51
TQQQ:
0.20
FNGAX:
0.86
TQQQ:
0.79
FNGAX:
1.11
TQQQ:
1.11
FNGAX:
0.27
TQQQ:
0.25
FNGAX:
1.89
TQQQ:
0.69
FNGAX:
5.55%
TQQQ:
21.30%
FNGAX:
20.43%
TQQQ:
74.63%
FNGAX:
-47.78%
TQQQ:
-81.66%
FNGAX:
-27.10%
TQQQ:
-37.01%
Returns By Period
In the year-to-date period, FNGAX achieves a 4.76% return, which is significantly higher than TQQQ's -25.98% return. Over the past 10 years, FNGAX has underperformed TQQQ with an annualized return of 4.18%, while TQQQ has yielded a comparatively higher 29.48% annualized return.
FNGAX
4.76%
17.88%
0.50%
7.24%
2.94%
4.18%
TQQQ
-25.98%
42.13%
-16.37%
4.38%
28.68%
29.48%
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FNGAX vs. TQQQ - Expense Ratio Comparison
FNGAX has a 1.12% expense ratio, which is higher than TQQQ's 0.95% expense ratio.
Risk-Adjusted Performance
FNGAX vs. TQQQ — Risk-Adjusted Performance Rank
FNGAX
TQQQ
FNGAX vs. TQQQ - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for Franklin International Growth Fund Class A (FNGAX) and ProShares UltraPro QQQ (TQQQ). 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
FNGAX vs. TQQQ - Dividend Comparison
FNGAX's dividend yield for the trailing twelve months is around 1.87%, more than TQQQ's 1.69% yield.
| TTM | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
FNGAX Franklin International Growth Fund Class A | 1.87% | 1.86% | 0.00% | 0.00% | 0.81% | 0.00% | 0.13% | 0.28% | 0.00% | 0.53% | 0.01% | 0.33% |
TQQQ ProShares UltraPro QQQ | 1.69% | 1.27% | 1.26% | 0.57% | 0.00% | 0.00% | 0.06% | 0.11% | 0.00% | 0.00% | 0.01% | 0.03% |
Drawdowns
FNGAX vs. TQQQ - Drawdown Comparison
The maximum FNGAX drawdown since its inception was -47.78%, smaller than the maximum TQQQ drawdown of -81.66%. Use the drawdown chart below to compare losses from any high point for FNGAX and TQQQ. For additional features, visit the drawdowns tool.
Volatility
FNGAX vs. TQQQ - Volatility Comparison
The current volatility for Franklin International Growth Fund Class A (FNGAX) is 12.31%, while ProShares UltraPro QQQ (TQQQ) has a volatility of 44.75%. This indicates that FNGAX experiences smaller price fluctuations and is considered to be less risky than TQQQ based on this measure. The chart below showcases a comparison of their rolling one-month volatility.