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.
Key characteristics
| FNGS | QQQX | |
|---|---|---|
| YTD Return | 15.85% | 4.06% |
| 1Y Return | 57.89% | 6.58% |
| 3Y Return (Ann) | 16.37% | 1.99% |
| Sharpe Ratio | 2.56 | 0.44 |
| Daily Std Dev | 23.79% | 15.57% |
| Max Drawdown | -48.98% | -57.25% |
| Current Drawdown | -2.02% | -8.59% |
Correlation
The correlation between FNGS and QQQX is 0.76, 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
In the year-to-date period, FNGS achieves a 15.85% return, which is significantly higher than QQQX's 4.06% return. The chart below displays the growth of a $10,000 investment in both assets, with all prices adjusted for splits and dividends.
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Risk-Adjusted Performance
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 7.10%.
| 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% |
QQQX Nuveen Nasdaq 100 Dynamic Overwrite Fund | 7.10% | 7.26% | 9.66% | 5.85% | 6.00% | 6.49% | 8.40% | 5.95% | 7.54% | 7.23% | 7.07% | 6.79% |
Drawdowns
FNGS vs. QQQX - Drawdown Comparison
The maximum FNGS drawdown since its inception was -48.98%, smaller than the maximum QQQX drawdown of -57.25%. 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 8.48% compared to Nuveen Nasdaq 100 Dynamic Overwrite Fund (QQQX) at 5.11%. 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.