FNGU vs. QQQ
Compare and contrast key facts about MicroSectors FANG+™ Index 3X Leveraged ETN (FNGU) and Invesco QQQ (QQQ).
FNGU and QQQ are both exchange-traded funds (ETFs), meaning they are traded on stock exchanges and can be bought and sold throughout the day. FNGU is a passively managed fund by Bank of Montreal that tracks the performance of the NYSE FANG (TR) (300%). It was launched on Jan 22, 2018. 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 FNGU 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: FNGU or QQQ.
Key characteristics
| FNGU | QQQ | |
|---|---|---|
| YTD Return | 35.05% | 5.81% |
| 1Y Return | 222.24% | 35.06% |
| 3Y Return (Ann) | -0.69% | 9.32% |
| 5Y Return (Ann) | 45.43% | 18.88% |
| Sharpe Ratio | 3.26 | 2.23 |
| Daily Std Dev | 69.75% | 16.14% |
| Max Drawdown | -92.34% | -82.98% |
| Current Drawdown | -35.46% | -3.05% |
Correlation
The correlation between FNGU 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.
Performance
FNGU vs. QQQ - Performance Comparison
In the year-to-date period, FNGU achieves a 35.05% return, which is significantly higher than QQQ's 5.81% 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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FNGU vs. QQQ - Expense Ratio Comparison
FNGU has a 0.95% expense ratio, which is higher than QQQ's 0.20% expense ratio.
Risk-Adjusted Performance
FNGU vs. QQQ - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for MicroSectors FANG+™ Index 3X Leveraged ETN (FNGU) 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
FNGU vs. QQQ - Dividend Comparison
FNGU has not paid dividends to shareholders, while QQQ's dividend yield for the trailing twelve months is around 0.61%.
| TTM | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
FNGU MicroSectors FANG+™ Index 3X Leveraged 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 | 0.61% | 0.62% | 0.80% | 0.43% | 0.55% | 0.74% | 0.91% | 0.84% | 1.06% | 0.99% | 1.41% | 1.01% |
Drawdowns
FNGU vs. QQQ - Drawdown Comparison
The maximum FNGU drawdown since its inception was -92.34%, which is greater than QQQ's maximum drawdown of -82.98%. Use the drawdown chart below to compare losses from any high point for FNGU and QQQ. For additional features, visit the drawdowns tool.
Volatility
FNGU vs. QQQ - Volatility Comparison
MicroSectors FANG+™ Index 3X Leveraged ETN (FNGU) has a higher volatility of 22.45% compared to Invesco QQQ (QQQ) at 5.15%. This indicates that FNGU'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.