FNGG vs. QLD
Compare and contrast key facts about Direxion Daily NYSE FANG+ Bull 2X Shares (FNGG) and ProShares Ultra QQQ (QLD).
FNGG and QLD are both exchange-traded funds (ETFs), meaning they are traded on stock exchanges and can be bought and sold throughout the day. FNGG is a passively managed fund by Direxion that tracks the performance of the NYSE FANG+ Index (2x Leveraged). It was launched on Sep 30, 2021. QLD is a passively managed fund by ProShares that tracks the performance of the NASDAQ-100 Index (200%). It was launched on Jun 21, 2006. Both FNGG and QLD 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: FNGG or QLD.
Key characteristics
| FNGG | QLD | |
|---|---|---|
| YTD Return | 83.59% | 44.74% |
| 1Y Return | 106.78% | 62.65% |
| 3Y Return (Ann) | -18.51% | 7.89% |
| Sharpe Ratio | 2.44 | 2.01 |
| Sortino Ratio | 2.76 | 2.49 |
| Omega Ratio | 1.37 | 1.34 |
| Calmar Ratio | 1.55 | 2.61 |
| Martin Ratio | 10.18 | 8.68 |
| Ulcer Index | 11.38% | 8.01% |
| Daily Std Dev | 47.54% | 34.69% |
| Max Drawdown | -91.33% | -83.13% |
| Current Drawdown | -46.29% | -0.76% |
Correlation
The correlation between FNGG and QLD is 0.92, 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
FNGG vs. QLD - Performance Comparison
In the year-to-date period, FNGG achieves a 83.59% return, which is significantly higher than QLD's 44.74% 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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FNGG vs. QLD - Expense Ratio Comparison
FNGG has a 0.98% expense ratio, which is higher than QLD's 0.95% expense ratio.
Risk-Adjusted Performance
FNGG vs. QLD - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for Direxion Daily NYSE FANG+ Bull 2X Shares (FNGG) and ProShares Ultra QQQ (QLD). 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
FNGG vs. QLD - Dividend Comparison
FNGG's dividend yield for the trailing twelve months is around 0.92%, more than QLD's 0.26% yield.
| TTM | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
FNGG Direxion Daily NYSE FANG+ Bull 2X Shares | 0.92% | 0.88% | 0.00% | 4.99% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
QLD ProShares Ultra QQQ | 0.26% | 0.33% | 0.31% | 0.00% | 0.00% | 0.13% | 0.06% | 0.02% | 0.90% | 0.11% | 0.19% | 0.13% |
Drawdowns
FNGG vs. QLD - Drawdown Comparison
The maximum FNGG drawdown since its inception was -91.33%, which is greater than QLD's maximum drawdown of -83.13%. Use the drawdown chart below to compare losses from any high point for FNGG and QLD. For additional features, visit the drawdowns tool.
Volatility
FNGG vs. QLD - Volatility Comparison
Direxion Daily NYSE FANG+ Bull 2X Shares (FNGG) has a higher volatility of 12.46% compared to ProShares Ultra QQQ (QLD) at 9.81%. This indicates that FNGG's price experiences larger fluctuations and is considered to be riskier than QLD based on this measure. The chart below showcases a comparison of their rolling one-month volatility.