FNGS vs. QQQX
Compare and contrast key facts about MicroSectors FANG+ ETN (FNGS) and Nuveen Nasdaq 100 Dynamic Overwrite Fund (QQQX).
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.
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: FNGS or QQQX.
Correlation
The correlation between FNGS and QQQX is 0.77, 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.
Performance
FNGS vs. QQQX - Performance Comparison
Key characteristics
FNGS:
0.59
QQQX:
0.43
FNGS:
0.93
QQQX:
0.69
FNGS:
1.12
QQQX:
1.09
FNGS:
0.87
QQQX:
0.51
FNGS:
2.23
QQQX:
1.55
FNGS:
7.34%
QQQX:
4.44%
FNGS:
27.46%
QQQX:
15.91%
FNGS:
-48.98%
QQQX:
-57.24%
FNGS:
-17.87%
QQQX:
-12.04%
Returns By Period
In the year-to-date period, FNGS achieves a -12.19% return, which is significantly lower than QQQX's -9.70% return.
FNGS
-12.19%
-9.29%
4.11%
15.47%
32.15%
N/A
QQQX
-9.70%
-5.72%
-0.24%
7.10%
13.08%
10.18%
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Risk-Adjusted Performance
FNGS vs. QQQX — Risk-Adjusted Performance Rank
FNGS
QQQX
FNGS vs. QQQX - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for MicroSectors FANG+ ETN (FNGS) and Nuveen Nasdaq 100 Dynamic Overwrite Fund (QQQX). 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. QQQX - Dividend Comparison
FNGS has not paid dividends to shareholders, while QQQX's dividend yield for the trailing twelve months is around 8.21%.
| TTM | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
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% |
QQQX Nuveen Nasdaq 100 Dynamic Overwrite Fund | 8.21% | 6.73% | 7.26% | 9.65% | 5.86% | 6.00% | 6.49% | 8.40% | 5.95% | 7.54% | 7.23% | 7.07% |
Drawdowns
FNGS vs. QQQX - Drawdown Comparison
The maximum FNGS drawdown since its inception was -48.98%, smaller than the maximum QQQX drawdown of -57.24%. Use the drawdown chart below to compare losses from any high point for FNGS and QQQX. For additional features, visit the drawdowns tool.
Volatility
FNGS vs. QQQX - Volatility Comparison
MicroSectors FANG+ ETN (FNGS) has a higher volatility of 10.68% compared to Nuveen Nasdaq 100 Dynamic Overwrite Fund (QQQX) at 6.62%. This indicates that FNGS's price experiences larger fluctuations and is considered to be riskier than QQQX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.