FNGS vs. QQQ
Compare and contrast key facts about MicroSectors FANG+ ETN (FNGS) and Invesco QQQ (QQQ).
FNGS and QQQ are both exchange-traded funds (ETFs), meaning they are traded on stock exchanges and can be bought and sold throughout the day. FNGS is a passively managed fund by BMO Financial Group that tracks the performance of the NYSE FANG+ Index. It was launched on Nov 12, 2019. 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 FNGS 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: FNGS or QQQ.
Performance
FNGS vs. QQQ - Performance Comparison
Returns By Period
In the year-to-date period, FNGS achieves a 42.29% return, which is significantly higher than QQQ's 24.04% return.
FNGS
42.29%
6.44%
17.27%
49.21%
33.98%
N/A
QQQ
24.04%
3.57%
10.78%
30.56%
20.99%
18.03%
Key characteristics
| FNGS | QQQ | |
|---|---|---|
| Sharpe Ratio | 1.99 | 1.76 |
| Sortino Ratio | 2.57 | 2.35 |
| Omega Ratio | 1.34 | 1.32 |
| Calmar Ratio | 2.76 | 2.25 |
| Martin Ratio | 8.98 | 8.18 |
| Ulcer Index | 5.48% | 3.74% |
| Daily Std Dev | 24.73% | 17.36% |
| Max Drawdown | -48.98% | -82.98% |
| Current Drawdown | -0.90% | -1.62% |
Compare stocks, funds, or ETFs
Search for stocks, ETFs, and funds for a quick comparison or use the comparison tool for more options.
FNGS vs. QQQ - Expense Ratio Comparison
FNGS has a 0.58% expense ratio, which is higher than QQQ's 0.20% expense ratio.
Correlation
The correlation between FNGS and QQQ is 0.91, 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
FNGS vs. QQQ - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for MicroSectors FANG+ ETN (FNGS) 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
FNGS vs. QQQ - Dividend Comparison
FNGS 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 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
FNGS MicroSectors FANG+ 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
FNGS vs. QQQ - Drawdown Comparison
The maximum FNGS drawdown since its inception was -48.98%, smaller than the maximum QQQ drawdown of -82.98%. Use the drawdown chart below to compare losses from any high point for FNGS and QQQ. For additional features, visit the drawdowns tool.
Volatility
FNGS vs. QQQ - Volatility Comparison
MicroSectors FANG+ ETN (FNGS) has a higher volatility of 6.73% compared to Invesco QQQ (QQQ) at 5.36%. This indicates that FNGS'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.