FNGS vs. NQ=F
FNGS (MicroSectors FANG+ ETN) is Large Cap Growth Equities fund tracking the NYSE FANG+ Index, while NQ=F (E-Mini Nasdaq 100 Futures) is an asset. Over the past 5 years, FNGS returned 18.98%/yr vs 13.59%/yr for NQ=F. Their correlation of 0.88 means they have usually moved in the same direction.
Performance
FNGS vs. NQ=F - Performance Comparison
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Returns By Period
In the year-to-date period, FNGS achieves a 9.02% return, which is significantly lower than NQ=F's 11.12% return.
FNGS
- 1D
- 1.63%
- 1M
- 0.59%
- 6M
- 12.42%
- YTD
- 9.02%
- 1Y
- 15.45%
- 3Y*
- 28.64%
- 5Y*
- 18.98%
- 10Y*
- —
- ALL TIME*
- 30.45%
NQ=F
- 1D
- 0.17%
- 1M
- -4.29%
- 6M
- 10.19%
- YTD
- 11.12%
- 1Y
- 23.61%
- 3Y*
- 21.38%
- 5Y*
- 13.59%
- 10Y*
- 19.62%
- ALL TIME*
- 8.16%
Liquidity Comparison
| Position | Avg. Volume Value (2W) | Avg. Volume Value (1M) | Avg. Volume Value (3M) |
|---|---|---|---|
| $1.57M | $1.92M | $2.40M | |
| $17.68B | $16.69B | $17.71B |
FNGS vs. NQ=F - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | |
|---|---|---|---|---|---|---|---|---|
FNGS MicroSectors FANG+ ETN | 9.02% | 18.64% | 51.99% | 95.24% | -40.32% | 16.96% | 101.99% | 10.10% |
NQ=F E-Mini Nasdaq 100 Futures | 11.12% | 19.93% | 24.69% | 54.45% | -32.46% | 26.66% | 47.22% | 5.77% |
Correlation
The correlation between FNGS and NQ=F is 0.82, meaning they have usually moved in the same direction, including during past declines.
| Correlation | |
|---|---|
Correlation (1Y) Focuses on recent behavior, but can change the most. | 0.82 |
Correlation (3Y) Balances recent behavior with more history. | 0.87 |
Correlation (5Y) Shows whether the relationship held over a longer period. | 0.89 |
Correlation (All Time) Calculated using the full available price history since Nov 13, 2019 | 0.88 |
The correlation between FNGS and NQ=F has been stable across timeframes, ranging from 0.82 to 0.89 - a consistent structural relationship.
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Return for Risk
FNGS vs. NQ=F — Risk / Return Rank
FNGS
NQ=F
FNGS vs. NQ=F - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for MicroSectors FANG+ ETN (FNGS) and E-Mini Nasdaq 100 Futures (NQ=F). 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.
Values are calculated on a 1-year rolling basis and updated daily. Risk-adjusted metrics are more stable over longer periods — use the period switch above to explore them.
| FNGS | NQ=F | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.59 | ||
| Sortino ratioReturn per unit of downside risk | -0.72 | ||
| Omega ratioGain probability vs. loss probability | 1.10 | 1.20 | -0.09 |
| Calmar ratioReturn relative to maximum drawdown | 0.51 | 1.78 | -1.27 |
| Martin ratioReturn relative to average drawdown | 1.37 | 5.58 | -4.21 |
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Drawdowns
FNGS vs. NQ=F - Drawdown Comparison
The maximum FNGS drawdown since its inception was -48.98%, smaller than the maximum NQ=F drawdown of -78.99%. Use the drawdown chart below to compare losses from any high point for FNGS and NQ=F.
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Drawdown Indicators
| FNGS | NQ=F | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -48.98% | -78.99% | +30.01% |
Max Drawdown (1Y)Largest decline over 1 year | -22.93% | -11.89% | -11.04% |
Max Drawdown (3Y)Largest decline over 3 years | -26.77% | -22.50% | -4.27% |
Max Drawdown (5Y)Largest decline over 5 years | -48.98% | -35.28% | -13.70% |
Max Drawdown (10Y)Largest decline over 10 years | — | -35.28% | — |
Current DrawdownCurrent decline from peak | -7.74% | -7.90% | +0.16% |
Average DrawdownAverage peak-to-trough decline | -10.80% | -29.47% | +18.67% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 8.61% | 3.79% | +4.82% |
Volatility
FNGS vs. NQ=F - Volatility Comparison
The current volatility for MicroSectors FANG+ ETN (FNGS) is 5.87%, while E-Mini Nasdaq 100 Futures (NQ=F) has a volatility of 6.76%. This indicates that FNGS experiences smaller price fluctuations and is considered to be less risky than NQ=F based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| FNGS | NQ=F | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 5.87% | 6.76% | -0.89% |
Volatility (6M)Calculated over the trailing 6-month period | 18.36% | 15.67% | +2.69% |
Volatility (1Y)Calculated over the trailing 1-year period | 22.86% | 19.23% | +3.63% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 30.29% | 23.10% | +7.19% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 31.07% | 22.59% | +8.48% |
Frequently Asked Questions
FNGS and NQ=F have a correlation of 0.82, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
NQ=F has higher volatility (6.76%) compared to FNGS (5.87%). In terms of maximum drawdown, FNGS dropped -48.98% vs NQ=F's -78.99%.
NQ=F currently has the higher Sharpe Ratio (1.10 vs 0.52), meaning it's delivered slightly more return per unit of risk over the trailing 12 months. However, this ranking shifts over time - use the Risk/Return Score above for a more comprehensive view that combines Sharpe, Sortino, and other measures used by quantitative funds.
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