FNGS vs. QUBT
FNGS (MicroSectors FANG+ ETN) is Large Cap Growth Equities fund tracking the NYSE FANG+ Index, while QUBT (Quantum Computing, Inc.) is a stock. Over the past 5 years, FNGS returned 19.76%/yr vs 9.88%/yr for QUBT. At a 0.29 correlation, their price movements are largely independent.
Performance
FNGS vs. QUBT - Performance Comparison
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Returns By Period
In the year-to-date period, FNGS achieves a 6.79% return, which is significantly higher than QUBT's -3.22% return.
FNGS
- 1D
- -0.94%
- 1M
- -3.20%
- YTD
- 6.79%
- 6M
- 4.25%
- 1Y
- 17.02%
- 3Y*
- 29.80%
- 5Y*
- 19.76%
- 10Y*
- —
QUBT
- 1D
- 0.20%
- 1M
- -9.97%
- YTD
- -3.22%
- 6M
- -17.59%
- 1Y
- -43.29%
- 3Y*
- 77.69%
- 5Y*
- 9.88%
- 10Y*
- —
FNGS vs. QUBT - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | |
|---|---|---|---|---|---|---|---|---|
FNGS MicroSectors FANG+ ETN | 6.79% | 18.64% | 51.99% | 95.24% | -40.32% | 16.96% | 101.99% | 10.10% |
QUBT Quantum Computing, Inc. | -3.22% | -38.01% | 1,712.51% | -39.53% | -55.72% | -75.83% | 370.33% | -7.69% |
Correlation
The correlation between FNGS and QUBT is 0.33, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.33 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.33 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.36 |
Correlation (All Time) Calculated using the full available price history since Nov 13, 2019 | 0.29 |
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Return for Risk
FNGS vs. QUBT — Risk / Return Rank
FNGS
QUBT
FNGS vs. QUBT - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for MicroSectors FANG+ ETN (FNGS) and Quantum Computing, Inc. (QUBT). 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 | QUBT | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +1.21 | ||
| Sortino ratioReturn per unit of downside risk | +1.27 | ||
| Omega ratioGain probability vs. loss probability | 1.15 | 0.99 | +0.16 |
| Calmar ratioReturn relative to maximum drawdown | 0.75 | -0.58 | +1.33 |
| Martin ratioReturn relative to average drawdown | 2.12 | -0.89 | +3.01 |
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Drawdowns
FNGS vs. QUBT - Drawdown Comparison
The maximum FNGS drawdown since its inception was -48.98%, smaller than the maximum QUBT drawdown of -97.53%. Use the drawdown chart below to compare losses from any high point for FNGS and QUBT.
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Drawdown Indicators
| FNGS | QUBT | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -48.98% | -97.53% | +48.55% |
Max Drawdown (1Y)Largest decline over 1 year | -22.93% | -74.37% | +51.44% |
Max Drawdown (3Y)Largest decline over 3 years | -26.77% | -82.40% | +55.63% |
Max Drawdown (5Y)Largest decline over 5 years | -48.98% | -95.63% | +46.65% |
Current DrawdownCurrent decline from peak | -9.63% | -61.33% | +51.70% |
Average DrawdownAverage peak-to-trough decline | -10.85% | -72.90% | +62.05% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 8.05% | 48.67% | -40.62% |
Volatility
FNGS vs. QUBT - Volatility Comparison
The current volatility for MicroSectors FANG+ ETN (FNGS) is 8.74%, while Quantum Computing, Inc. (QUBT) has a volatility of 33.55%. This indicates that FNGS experiences smaller price fluctuations and is considered to be less risky than QUBT based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| FNGS | QUBT | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 8.74% | 33.55% | -24.81% |
Volatility (6M)Calculated over the trailing 6-month period | 17.19% | 67.37% | -50.18% |
Volatility (1Y)Calculated over the trailing 1-year period | 21.65% | 103.81% | -82.16% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 30.10% | 133.05% | -102.95% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 31.17% | 177.48% | -146.31% |
Dividends
FNGS vs. QUBT - Dividend Comparison
Neither FNGS nor QUBT has paid dividends to shareholders.
Frequently Asked Questions
FNGS and QUBT have a correlation of 0.33, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
QUBT has higher volatility (33.55%) compared to FNGS (8.74%). In terms of maximum drawdown, FNGS dropped -48.98% vs QUBT's -97.53%.
FNGS currently has the higher Sharpe Ratio (0.79 vs -0.42), 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.
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