FNGG vs. TQQQ
Compare and contrast key facts about Direxion Daily NYSE FANG+ Bull 2X Shares (FNGG) and ProShares UltraPro QQQ (TQQQ).
FNGG and TQQQ 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. 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. Both FNGG and TQQQ 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 TQQQ.
Key characteristics
| FNGG | TQQQ | |
|---|---|---|
| YTD Return | 83.59% | 63.05% |
| 1Y Return | 106.78% | 93.36% |
| 3Y Return (Ann) | -18.51% | 0.71% |
| Sharpe Ratio | 2.44 | 2.04 |
| Sortino Ratio | 2.76 | 2.42 |
| Omega Ratio | 1.37 | 1.33 |
| Calmar Ratio | 1.55 | 2.06 |
| Martin Ratio | 10.18 | 8.51 |
| Ulcer Index | 11.38% | 12.40% |
| Daily Std Dev | 47.54% | 51.62% |
| Max Drawdown | -91.33% | -81.66% |
| Current Drawdown | -46.29% | -4.59% |
Correlation
The correlation between FNGG and TQQQ 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. TQQQ - Performance Comparison
In the year-to-date period, FNGG achieves a 83.59% return, which is significantly higher than TQQQ's 63.05% 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. TQQQ - Expense Ratio Comparison
FNGG has a 0.98% expense ratio, which is higher than TQQQ's 0.95% expense ratio.
Risk-Adjusted Performance
FNGG vs. TQQQ - 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 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
FNGG vs. TQQQ - Dividend Comparison
FNGG's dividend yield for the trailing twelve months is around 0.92%, less than TQQQ's 1.16% yield.
| TTM | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | |
|---|---|---|---|---|---|---|---|---|---|---|---|
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% |
TQQQ ProShares UltraPro QQQ | 1.16% | 1.26% | 0.57% | 0.00% | 0.00% | 0.06% | 0.11% | 0.00% | 0.00% | 0.01% | 0.03% |
Drawdowns
FNGG vs. TQQQ - Drawdown Comparison
The maximum FNGG drawdown since its inception was -91.33%, which is greater than TQQQ's maximum drawdown of -81.66%. Use the drawdown chart below to compare losses from any high point for FNGG and TQQQ. For additional features, visit the drawdowns tool.
Volatility
FNGG vs. TQQQ - Volatility Comparison
The current volatility for Direxion Daily NYSE FANG+ Bull 2X Shares (FNGG) is 12.46%, while ProShares UltraPro QQQ (TQQQ) has a volatility of 14.68%. This indicates that FNGG 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.