FNGG vs. QQQ
Compare and contrast key facts about Direxion Daily NYSE FANG+ Bull 2X Shares (FNGG) and Invesco QQQ ETF (QQQ).
FNGG and QQQ 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. 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 FNGG 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.
Performance
FNGG vs. QQQ - Performance Comparison
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FNGG vs. QQQ - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | |
|---|---|---|---|---|---|---|
FNGG Direxion Daily NYSE FANG+ Bull 2X Shares | -25.51% | 27.21% | 98.76% | 204.23% | -87.15% | -3.07% |
QQQ Invesco QQQ ETF | -4.76% | 20.77% | 25.58% | 54.86% | -32.58% | 11.29% |
Returns By Period
In the year-to-date period, FNGG achieves a -25.51% return, which is significantly lower than QQQ's -4.76% return.
FNGG
- 1D
- 9.29%
- 1M
- -9.53%
- YTD
- -25.51%
- 6M
- -30.33%
- 1Y
- 27.54%
- 3Y*
- 50.64%
- 5Y*
- —
- 10Y*
- —
QQQ
- 1D
- 1.24%
- 1M
- -3.79%
- YTD
- -4.76%
- 6M
- -2.89%
- 1Y
- 24.21%
- 3Y*
- 22.83%
- 5Y*
- 13.16%
- 10Y*
- 18.99%
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FNGG vs. QQQ - Expense Ratio Comparison
FNGG has a 0.98% expense ratio, which is higher than QQQ's 0.18% expense ratio.
Return for Risk
FNGG vs. QQQ — Risk / Return Rank
FNGG
QQQ
FNGG vs. QQQ - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Direxion Daily NYSE FANG+ Bull 2X Shares (FNGG) and Invesco QQQ ETF (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.
| FNGG | QQQ | Difference | |
|---|---|---|---|
Sharpe ratioReturn per unit of total volatility | 0.51 | 1.07 | -0.56 |
Sortino ratioReturn per unit of downside risk | 1.13 | 1.66 | -0.53 |
Omega ratioGain probability vs. loss probability | 1.15 | 1.24 | -0.09 |
Calmar ratioReturn relative to maximum drawdown | 0.61 | 2.00 | -1.39 |
Martin ratioReturn relative to average drawdown | 1.73 | 7.32 | -5.59 |
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month. | |||
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Sharpe Ratios by Period
| FNGG | QQQ | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 0.51 | 1.07 | -0.56 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | — | 0.59 | — |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | — | 0.86 | — |
Sharpe Ratio (All Time)Calculated using the full available price history | -0.11 | 0.38 | -0.48 |
Correlation
The correlation between FNGG and QQQ 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.
Dividends
FNGG vs. QQQ - Dividend Comparison
FNGG's dividend yield for the trailing twelve months is around 15.91%, more than QQQ's 0.48% yield.
| TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
FNGG Direxion Daily NYSE FANG+ Bull 2X Shares | 15.91% | 11.89% | 0.79% | 0.88% | 0.00% | 4.99% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
QQQ Invesco QQQ ETF | 0.48% | 0.45% | 0.56% | 0.62% | 0.80% | 0.43% | 0.55% | 0.74% | 0.91% | 0.84% | 1.06% | 0.99% |
Drawdowns
FNGG vs. QQQ - Drawdown Comparison
The maximum FNGG drawdown since its inception was -91.33%, which is greater than QQQ's maximum drawdown of -82.97%. Use the drawdown chart below to compare losses from any high point for FNGG and QQQ.
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Drawdown Indicators
| FNGG | QQQ | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -91.33% | -82.97% | -8.36% |
Max Drawdown (1Y)Largest decline over 1 year | -43.01% | -12.62% | -30.39% |
Max Drawdown (5Y)Largest decline over 5 years | — | -35.12% | — |
Max Drawdown (10Y)Largest decline over 10 years | — | -35.12% | — |
Current DrawdownCurrent decline from peak | -44.91% | -7.86% | -37.05% |
Average DrawdownAverage peak-to-trough decline | -57.36% | -32.99% | -24.37% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 15.04% | 3.44% | +11.60% |
Volatility
FNGG vs. QQQ - Volatility Comparison
Direxion Daily NYSE FANG+ Bull 2X Shares (FNGG) has a higher volatility of 15.75% compared to Invesco QQQ ETF (QQQ) at 6.61%. This indicates that FNGG'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.
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Volatility by Period
| FNGG | QQQ | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 15.75% | 6.61% | +9.14% |
Volatility (6M)Calculated over the trailing 6-month period | 30.35% | 12.82% | +17.53% |
Volatility (1Y)Calculated over the trailing 1-year period | 54.10% | 22.70% | +31.40% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 68.41% | 22.38% | +46.03% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 68.41% | 22.25% | +46.16% |