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.
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.
Performance
FNGAX vs. TQQQ - Performance Comparison
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Key characteristics
FNGAX:
0.40
TQQQ:
0.18
FNGAX:
0.60
TQQQ:
0.68
FNGAX:
1.08
TQQQ:
1.09
FNGAX:
0.18
TQQQ:
0.13
FNGAX:
1.20
TQQQ:
0.33
FNGAX:
5.53%
TQQQ:
22.59%
FNGAX:
20.32%
TQQQ:
75.89%
FNGAX:
-47.24%
TQQQ:
-81.66%
FNGAX:
-21.47%
TQQQ:
-24.49%
Returns By Period
In the year-to-date period, FNGAX achieves a 9.89% return, which is significantly higher than TQQQ's -11.28% return. Over the past 10 years, FNGAX has underperformed TQQQ with an annualized return of 5.55%, while TQQQ has yielded a comparatively higher 31.28% annualized return.
FNGAX
9.89%
6.41%
4.38%
8.12%
5.25%
2.86%
5.55%
TQQQ
-11.28%
27.55%
-11.83%
13.32%
30.10%
28.60%
31.28%
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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.
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Dividends
FNGAX vs. TQQQ - Dividend Comparison
FNGAX's dividend yield for the trailing twelve months is around 1.79%, more than TQQQ's 1.41% yield.
| TTM | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
FNGAX Franklin International Growth Fund Class A | 1.79% | 1.86% | 0.00% | 1.75% | 1.80% | 2.22% | 0.13% | 1.94% | 1.31% | 0.53% | 0.01% | 0.97% |
TQQQ ProShares UltraPro QQQ | 1.41% | 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 -47.24%, 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.
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Volatility
FNGAX vs. TQQQ - Volatility Comparison
The current volatility for Franklin International Growth Fund Class A (FNGAX) is 4.24%, while ProShares UltraPro QQQ (TQQQ) has a volatility of 16.41%. 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.
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