FNGO vs. QQQ
Compare and contrast key facts about MicroSectors FANG+ Index 2X Leveraged ETN (FNGO) and Invesco QQQ (QQQ).
FNGO and QQQ are both exchange-traded funds (ETFs), meaning they are traded on stock exchanges and can be bought and sold throughout the day. FNGO is a passively managed fund by Bank of Montreal that tracks the performance of the NYSE FANG+ Index (+200%). It was launched on Aug 1, 2018. 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 FNGO 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.
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: FNGO or QQQ.
Performance
FNGO vs. QQQ - Performance Comparison
Returns By Period
In the year-to-date period, FNGO achieves a 80.00% return, which is significantly higher than QQQ's 23.40% return.
FNGO
80.00%
6.49%
31.66%
97.45%
55.60%
N/A
QQQ
23.40%
1.56%
10.75%
30.41%
20.90%
18.08%
Key characteristics
| FNGO | QQQ | |
|---|---|---|
| Sharpe Ratio | 2.05 | 1.71 |
| Sortino Ratio | 2.44 | 2.29 |
| Omega Ratio | 1.33 | 1.31 |
| Calmar Ratio | 2.92 | 2.19 |
| Martin Ratio | 8.61 | 7.95 |
| Ulcer Index | 11.36% | 3.73% |
| Daily Std Dev | 47.83% | 17.38% |
| Max Drawdown | -78.39% | -82.98% |
| Current Drawdown | -3.10% | -2.13% |
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FNGO vs. QQQ - Expense Ratio Comparison
FNGO has a 0.95% expense ratio, which is higher than QQQ's 0.20% expense ratio.
Correlation
The correlation between FNGO and QQQ is 0.88, 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.
Risk-Adjusted Performance
FNGO vs. QQQ - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for MicroSectors FANG+ Index 2X Leveraged ETN (FNGO) and Invesco QQQ (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.
Dividends
FNGO vs. QQQ - Dividend Comparison
FNGO has not paid dividends to shareholders, while QQQ's dividend yield for the trailing twelve months is around 0.60%.
| TTM | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
FNGO MicroSectors FANG+ Index 2X Leveraged ETN | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
QQQ Invesco QQQ | 0.60% | 0.62% | 0.80% | 0.43% | 0.55% | 0.74% | 0.91% | 0.84% | 1.06% | 0.99% | 1.41% | 1.02% |
Drawdowns
FNGO vs. QQQ - Drawdown Comparison
The maximum FNGO drawdown since its inception was -78.39%, smaller than the maximum QQQ drawdown of -82.98%. Use the drawdown chart below to compare losses from any high point for FNGO and QQQ. For additional features, visit the drawdowns tool.
Volatility
FNGO vs. QQQ - Volatility Comparison
MicroSectors FANG+ Index 2X Leveraged ETN (FNGO) has a higher volatility of 12.93% compared to Invesco QQQ (QQQ) at 5.40%. This indicates that FNGO'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.