FNGS vs. QBIG

Last updated Jul 14, 2026

FNGS (MicroSectors FANG+ ETN) and QBIG (Invesco Top QQQ ETF) are both exchange-traded funds - FNGS is a Large Cap Growth Equities fund tracking the NYSE FANG+ Index, while QBIG is a Large Cap Blend Equities fund actively managed by Invesco. FNGS is passively managed, while QBIG is actively managed. Over the past year, FNGS returned 16.52% vs 19.79% for QBIG. Their correlation of 0.89 suggests significant overlap in exposure. FNGS charges 0.58%/yr vs 0.29%/yr for QBIG.

Performance

FNGS vs. QBIG - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in MicroSectors FANG+ ETN (FNGS) and Invesco Top QQQ ETF (QBIG). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, FNGS achieves a 10.39% return, which is significantly higher than QBIG's 3.43% return.

FNGS

• 1D: -0.50%
• 1M: 3.37%
• 6M: 9.86%
• YTD: 10.39%
• 1Y: 16.52%
• 3Y*: 29.28%
• 5Y*: 18.67%
• 10Y*: —

QBIG

• 1D: -1.35%
• 1M: 1.00%
• 6M: 2.75%
• YTD: 3.43%
• 1Y: 19.79%
• 3Y*: —
• 5Y*: —
• 10Y*: —

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

FNGS vs. QBIG - Yearly Performance Comparison

	2026 (YTD)	2025	2024
FNGS MicroSectors FANG+ ETN	10.39%	18.64%	4.08%
QBIG Invesco Top QQQ ETF	3.43%	21.46%	3.04%

Correlation

The correlation between FNGS and QBIG is 0.89, indicating a strong positive relationship between their price movements. Combining them offers limited diversification - they tend to fall together during downturns.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	0.89
Correlation (All Time) Calculated using the full available price history since Dec 4, 2024	0.89

The correlation between FNGS and QBIG has been stable across timeframes, ranging from 0.89 to 0.89 - a consistent structural relationship.

FNGS vs. QBIG - Sectors Allocation Comparison

Sectors	FNGS	QBIG
Technology	63.4%	58.7%
Communication Services	26.0%	17.4%
Consumer Cyclical	10.6%	23.9%
Financial Services	10.0%	10.5%
Basic Materials	-	-
Consumer Defensive	-	-
Energy	-	-
Healthcare	-	-
Industrials	-	-
Real Estate	-	-
Utilities	-	-

Return for Risk

FNGS vs. QBIG — Risk / Return Rank

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

FNGS

FNGS Risk / Return Rank: 23
FNGS Sharpe Ratio Rank: 26
FNGS Sortino Ratio Rank: 24
FNGS Omega Ratio Rank: 25
FNGS Calmar Ratio Rank: 20
FNGS Martin Ratio Rank: 21

QBIG

QBIG Risk / Return Rank: 29
QBIG Sharpe Ratio Rank: 33
QBIG Sortino Ratio Rank: 31
QBIG Omega Ratio Rank: 31
QBIG Calmar Ratio Rank: 26
QBIG Martin Ratio Rank: 27

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. QBIG - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for MicroSectors FANG+ ETN (FNGS) and Invesco Top QQQ ETF (QBIG). 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	QBIG	Difference
Sharpe ratio: Return per unit of total volatility	0.74	0.96	-0.22
Sortino ratio: Return per unit of downside risk	1.14	1.39	-0.25
Omega ratio: Gain probability vs. loss probability	1.14	1.17	-0.03
Calmar ratio: Return relative to maximum drawdown	0.72	1.01	-0.29
Martin ratio: Return relative to average drawdown	1.98	2.85	-0.88

FNGS vs. QBIG - Sharpe Ratio Comparison

The current FNGS Sharpe Ratio is 0.74, which is comparable to the QBIG Sharpe Ratio of 0.96. The chart below compares the historical Sharpe Ratios of FNGS and QBIG, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

Drawdowns

FNGS vs. QBIG - Drawdown Comparison

The maximum FNGS drawdown since its inception was -48.98%, which is greater than QBIG's maximum drawdown of -30.33%. Use the drawdown chart below to compare losses from any high point for FNGS and QBIG.

Drawdown Indicators

	FNGS	QBIG	Difference
Max Drawdown Largest peak-to-trough decline	-48.98%	-30.33%	-18.65%
Max Drawdown (1Y) Largest decline over 1 year	-22.93%	-19.70%	-3.23%
Max Drawdown (3Y) Largest decline over 3 years	-26.77%	—	—
Max Drawdown (5Y) Largest decline over 5 years	-48.98%	—	—
Current Drawdown Current decline from peak	-6.58%	-8.11%	+1.53%
Average Drawdown Average peak-to-trough decline	-10.82%	-7.13%	-3.69%
Ulcer Index Depth and duration of drawdowns from previous peaks	8.38%	6.95%	+1.43%

Volatility

FNGS vs. QBIG - Volatility Comparison

MicroSectors FANG+ ETN (FNGS) has a higher volatility of 8.13% compared to Invesco Top QQQ ETF (QBIG) at 7.00%. This indicates that FNGS's price experiences larger fluctuations and is considered to be riskier than QBIG based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	FNGS	QBIG	Difference
Volatility (1M) Calculated over the trailing 1-month period	8.13%	7.00%	+1.13%
Volatility (6M) Calculated over the trailing 6-month period	17.98%	16.16%	+1.82%
Volatility (1Y) Calculated over the trailing 1-year period	22.39%	20.70%	+1.69%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	30.24%	27.22%	+3.02%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	31.13%	27.22%	+3.91%

FNGS vs. QBIG - Expense Ratio Comparison

FNGS has a 0.58% expense ratio, which is higher than QBIG's 0.29% expense ratio.

Dividends

FNGS vs. QBIG - Dividend Comparison

Neither FNGS nor QBIG has paid dividends to shareholders.

Tickers have no history of dividend payments

Frequently Asked Questions

Can I hold both FNGS and QBIG in my portfolio?

FNGS and QBIG have a correlation of 0.89, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, FNGS or QBIG?

FNGS has higher volatility (8.13%) compared to QBIG (7.00%). In terms of maximum drawdown, FNGS dropped -48.98% vs QBIG's -30.33%.

Which ETF is better, FNGS or QBIG?

On 1-year performance, QBIG leads with 19.79% vs 16.52% for FNGS. On fees, QBIG is cheaper at 0.29% per year. On volatility, QBIG has been the lower-risk option at 7.00%. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF has performed better, FNGS or QBIG?

Over the 1-year period, QBIG has performed better with a 19.79% return vs 16.52%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.

Which ETF is cheaper, FNGS or QBIG?

QBIG is cheaper with a 0.29% expense ratio, compared with 0.58% for FNGS.

Which ETF pays a higher dividend yield, FNGS or QBIG?

FNGS and QBIG have nearly identical dividend yields, around 0.00%.

What is the main difference between FNGS and QBIG?

FNGS is categorized as Large Cap Growth Equities, while QBIG is Large Cap Blend Equities. They also come from different issuers: BMO and Invesco. Their fees differ too: 0.58% for FNGS and 0.29% for QBIG.

Which has better risk-adjusted returns?

QBIG currently has the higher Sharpe Ratio (0.96 vs 0.74), 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.