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FNGD vs. SQQQ
Performance
Risk-Adjusted Performance
Dividends
Drawdowns
Volatility

Key characteristics


FNGDSQQQ
YTD Return-72.26%-50.54%
1Y Return-76.97%-58.44%
3Y Return (Ann)-64.08%-39.42%
5Y Return (Ann)-77.90%-59.62%
Sharpe Ratio-1.11-1.18
Sortino Ratio-2.44-2.13
Omega Ratio0.730.77
Calmar Ratio-0.79-0.61
Martin Ratio-1.43-1.60
Ulcer Index54.95%38.15%
Daily Std Dev71.00%51.93%
Max Drawdown-99.98%-100.00%
Current Drawdown-99.98%-100.00%

Correlation

-0.50.00.51.00.9

The correlation between FNGD and SQQQ is 0.91, 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

FNGD vs. SQQQ - Performance Comparison

In the year-to-date period, FNGD achieves a -72.26% return, which is significantly lower than SQQQ's -50.54% return. The chart below displays the growth of a $10,000 investment in both assets, with all prices adjusted for splits and dividends.


-30.00%-20.00%-10.00%0.00%10.00%20.00%30.00%JuneJulyAugustSeptemberOctoberNovember
-33.33%
-33.33%
FNGD
SQQQ

Compare stocks, funds, or ETFs

Search for stocks, ETFs, and funds for a quick comparison or use the comparison tool for more options.


FNGD vs. SQQQ - Expense Ratio Comparison

Both FNGD and SQQQ have an expense ratio of 0.95%.


FNGD
MicroSectors FANG+™ Index -3X Inverse Leveraged ETN
Expense ratio chart for FNGD: current value at 0.95% compared with the broader market ranging from 0.00% to 2.12%.0.50%1.00%1.50%2.00%0.95%
Expense ratio chart for SQQQ: current value at 0.95% compared with the broader market ranging from 0.00% to 2.12%.0.50%1.00%1.50%2.00%0.95%

Risk-Adjusted Performance

FNGD vs. SQQQ - Risk-Adjusted Performance Comparison

This table presents a comparison of risk-adjusted performance metrics for MicroSectors FANG+™ Index -3X Inverse Leveraged ETN (FNGD) and ProShares UltraPro Short QQQ (SQQQ). 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.


FNGD
Sharpe ratio
The chart of Sharpe ratio for FNGD, currently valued at -1.11, compared to the broader market-2.000.002.004.006.00-1.11
Sortino ratio
The chart of Sortino ratio for FNGD, currently valued at -2.44, compared to the broader market-2.000.002.004.006.008.0010.0012.00-2.44
Omega ratio
The chart of Omega ratio for FNGD, currently valued at 0.73, compared to the broader market1.001.502.002.503.000.73
Calmar ratio
The chart of Calmar ratio for FNGD, currently valued at -0.79, compared to the broader market0.005.0010.0015.00-0.79
Martin ratio
The chart of Martin ratio for FNGD, currently valued at -1.43, compared to the broader market0.0020.0040.0060.0080.00100.00-1.43
SQQQ
Sharpe ratio
The chart of Sharpe ratio for SQQQ, currently valued at -1.18, compared to the broader market-2.000.002.004.006.00-1.18
Sortino ratio
The chart of Sortino ratio for SQQQ, currently valued at -2.13, compared to the broader market-2.000.002.004.006.008.0010.0012.00-2.13
Omega ratio
The chart of Omega ratio for SQQQ, currently valued at 0.77, compared to the broader market1.001.502.002.503.000.77
Calmar ratio
The chart of Calmar ratio for SQQQ, currently valued at -0.61, compared to the broader market0.005.0010.0015.00-0.61
Martin ratio
The chart of Martin ratio for SQQQ, currently valued at -1.60, compared to the broader market0.0020.0040.0060.0080.00100.00-1.60

FNGD vs. SQQQ - Sharpe Ratio Comparison

The current FNGD Sharpe Ratio is -1.11, which is comparable to the SQQQ Sharpe Ratio of -1.18. The chart below compares the historical Sharpe Ratios of FNGD and SQQQ, offering insights into how both investments have performed under varying market conditions. These values are calculated using daily returns over the previous 12 months.


Rolling 12-month Sharpe Ratio-1.30-1.20-1.10-1.00-0.90-0.80-0.70JuneJulyAugustSeptemberOctoberNovember
-1.11
-1.18
FNGD
SQQQ

Dividends

FNGD vs. SQQQ - Dividend Comparison

FNGD has not paid dividends to shareholders, while SQQQ's dividend yield for the trailing twelve months is around 9.95%.


TTM2023202220212020201920182017
FNGD
MicroSectors FANG+™ Index -3X Inverse Leveraged ETN
0.00%0.00%0.00%0.00%0.00%0.00%0.00%0.00%
SQQQ
ProShares UltraPro Short QQQ
9.95%8.01%0.06%0.00%2.15%2.92%1.47%0.14%

Drawdowns

FNGD vs. SQQQ - Drawdown Comparison

The maximum FNGD drawdown since its inception was -99.98%, roughly equal to the maximum SQQQ drawdown of -100.00%. Use the drawdown chart below to compare losses from any high point for FNGD and SQQQ. For additional features, visit the drawdowns tool.


-100.00%-99.90%-99.80%-99.70%-99.60%-99.50%-99.40%JuneJulyAugustSeptemberOctoberNovember
-99.98%
-99.66%
FNGD
SQQQ

Volatility

FNGD vs. SQQQ - Volatility Comparison

MicroSectors FANG+™ Index -3X Inverse Leveraged ETN (FNGD) has a higher volatility of 17.57% compared to ProShares UltraPro Short QQQ (SQQQ) at 14.74%. This indicates that FNGD's price experiences larger fluctuations and is considered to be riskier than SQQQ based on this measure. The chart below showcases a comparison of their rolling one-month volatility.


10.00%15.00%20.00%25.00%30.00%JuneJulyAugustSeptemberOctoberNovember
17.57%
14.74%
FNGD
SQQQ