FNGS vs. NQ=F

Last updated Apr 2, 2026

Compare and contrast key facts about MicroSectors FANG+ ETN (FNGS) and E-Mini Nasdaq 100 Futures (NQ=F).

FNGS is a passively managed fund by BMO that tracks the performance of the NYSE FANG+ Index. It was launched on Nov 12, 2019.

Performance

FNGS vs. NQ=F - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in MicroSectors FANG+ ETN (FNGS) and E-Mini Nasdaq 100 Futures (NQ=F). The values are adjusted to include any dividend payments, if applicable.

FNGS vs. NQ=F - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019
FNGS MicroSectors FANG+ ETN	-10.61%	18.64%	51.99%	95.24%	-40.32%	16.96%	101.99%	10.91%
NQ=F E-Mini Nasdaq 100 Futures	-4.99%	19.93%	24.69%	54.45%	-32.46%	26.66%	47.22%	5.89%

Returns By Period

In the year-to-date period, FNGS achieves a -10.61% return, which is significantly lower than NQ=F's -4.99% return.

FNGS

• 1D: 2.05%
• 1M: -3.29%
• YTD: -10.61%
• 6M: -12.74%
• 1Y: 20.77%
• 3Y*: 31.31%
• 5Y*: 16.15%
• 10Y*: —

NQ=F

• 1D: 1.14%
• 1M: -3.35%
• YTD: -4.99%
• 6M: -3.32%
• 1Y: 23.38%
• 3Y*: 22.06%
• 5Y*: 12.68%
• 10Y*: 18.24%

*Multi-year figures are annualized to reflect compound growth (CAGR)

Return for Risk

FNGS vs. NQ=F — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.

FNGS

FNGS Risk / Return Rank: 39
FNGS Sharpe Ratio Rank: 39
FNGS Sortino Ratio Rank: 46
FNGS Omega Ratio Rank: 42
FNGS Calmar Ratio Rank: 36
FNGS Martin Ratio Rank: 32

NQ=F

NQ=F Risk / Return Rank: 60
NQ=F Sharpe Ratio Rank: 58
NQ=F Sortino Ratio Rank: 60
NQ=F Omega Ratio Rank: 59
NQ=F Calmar Ratio Rank: 51
NQ=F Martin Ratio Rank: 70

The rank (0–100) shows how this investment's returns compare to the risk taken. Higher = better. Based on the past 12 months of data, combining Sharpe, Sortino, and other metrics used by quantitative funds and institutional investors.

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.

	FNGS	NQ=F	Difference
Sharpe ratio Return per unit of total volatility	0.77	1.02	-0.25
Sortino ratio Return per unit of downside risk	1.32	1.60	-0.28
Omega ratio Gain probability vs. loss probability	1.17	1.23	-0.06
Calmar ratio Return relative to maximum drawdown	0.96	2.41	-1.44
Martin ratio Return relative to average drawdown	2.94	8.99	-6.05
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

FNGS vs. NQ=F - Sharpe Ratio Comparison

The current FNGS Sharpe Ratio is 0.77, which is comparable to the NQ=F Sharpe Ratio of 1.02. The chart below compares the historical Sharpe Ratios of FNGS and NQ=F, offering insights into how both investments have performed under varying market conditions. These values are calculated using daily returns over the previous 12 months.

Sharpe Ratios by Period

	FNGS	NQ=F	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	0.77	1.02	-0.25
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	0.54	0.56	-0.02
Sharpe Ratio (10Y) Calculated over the trailing 10-year period	—	0.82	—
Sharpe Ratio (All Time) Calculated using the full available price history	0.91	0.90	+0.01

Correlation

The correlation between FNGS and NQ=F is 0.89, 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.

Drawdowns

FNGS vs. NQ=F - Drawdown Comparison

The maximum FNGS drawdown since its inception was -48.98%, which is greater than NQ=F's maximum drawdown of -35.28%. Use the drawdown chart below to compare losses from any high point for FNGS and NQ=F.

Drawdown Indicators

	FNGS	NQ=F	Difference
Max Drawdown Largest peak-to-trough decline	-48.98%	-35.28%	-13.70%
Max Drawdown (1Y) Largest decline over 1 year	-22.93%	-12.72%	-10.21%
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 Drawdown Current decline from peak	-17.66%	-7.90%	-9.76%
Average Drawdown Average peak-to-trough decline	-11.02%	-5.15%	-5.87%
Ulcer Index Depth and duration of drawdowns from previous peaks	7.52%	3.18%	+4.34%

Volatility

FNGS vs. NQ=F - Volatility Comparison

MicroSectors FANG+ ETN (FNGS) has a higher volatility of 8.61% compared to E-Mini Nasdaq 100 Futures (NQ=F) at 6.23%. This indicates that FNGS's price experiences larger fluctuations and is considered to be riskier than NQ=F based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	FNGS	NQ=F	Difference
Volatility (1M) Calculated over the trailing 1-month period	8.61%	6.23%	+2.38%
Volatility (6M) Calculated over the trailing 6-month period	15.82%	12.64%	+3.18%
Volatility (1Y) Calculated over the trailing 1-year period	27.04%	22.19%	+4.85%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	29.98%	22.48%	+7.50%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	31.34%	22.24%	+9.10%