FNGU vs. QQQU
Compare and contrast key facts about MicroSectors FANG+™ Index 3X Leveraged ETN (FNGU) and Direxion Daily Magnificent 7 Bull 2X Shares (QQQU).
FNGU and QQQU 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. QQQU is a passively managed fund by Direxion that tracks the performance of the The Indxx Magnificent 7 Index (200%). It was launched on Mar 6, 2024. Both FNGU and QQQU are passive ETFs, meaning that they are not actively managed but aim to replicate the performance of the underlying index as closely as possible.
Performance
FNGU vs. QQQU - Performance Comparison
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FNGU vs. QQQU - Yearly Performance Comparison
| 2026 (YTD) | 2025 | |
|---|---|---|
FNGU MicroSectors FANG+™ Index 3X Leveraged ETN | -35.43% | 4.24% |
QQQU Direxion Daily Magnificent 7 Bull 2X Shares | -22.68% | 32.67% |
Returns By Period
In the year-to-date period, FNGU achieves a -35.43% return, which is significantly lower than QQQU's -22.68% return.
FNGU
- 1D
- 4.35%
- 1M
- -14.02%
- YTD
- -35.43%
- 6M
- -44.05%
- 1Y
- 17.93%
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
QQQU
- 1D
- 2.67%
- 1M
- -10.17%
- YTD
- -22.68%
- 6M
- -19.92%
- 1Y
- 45.44%
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
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FNGU vs. QQQU - Expense Ratio Comparison
FNGU has a 0.95% expense ratio, which is lower than QQQU's 1.07% expense ratio.
Return for Risk
FNGU vs. QQQU — Risk / Return Rank
FNGU
QQQU
FNGU vs. QQQU - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for MicroSectors FANG+™ Index 3X Leveraged ETN (FNGU) and Direxion Daily Magnificent 7 Bull 2X Shares (QQQU). 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.
| FNGU | QQQU | Difference | |
|---|---|---|---|
Sharpe ratioReturn per unit of total volatility | 0.23 | 0.82 | -0.59 |
Sortino ratioReturn per unit of downside risk | 0.92 | 1.49 | -0.57 |
Omega ratioGain probability vs. loss probability | 1.12 | 1.20 | -0.07 |
Calmar ratioReturn relative to maximum drawdown | 0.38 | 1.40 | -1.02 |
Martin ratioReturn relative to average drawdown | 1.00 | 4.44 | -3.44 |
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month. | |||
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Sharpe Ratios by Period
| FNGU | QQQU | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 0.23 | 0.82 | -0.59 |
Sharpe Ratio (All Time)Calculated using the full available price history | -0.37 | 0.66 | -1.03 |
Correlation
The correlation between FNGU and QQQU is 0.85, 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.
Dividends
FNGU vs. QQQU - Dividend Comparison
FNGU has not paid dividends to shareholders, while QQQU's dividend yield for the trailing twelve months is around 12.41%.
| TTM | 2025 | 2024 | |
|---|---|---|---|
FNGU MicroSectors FANG+™ Index 3X Leveraged ETN | 0.00% | 0.00% | 0.00% |
QQQU Direxion Daily Magnificent 7 Bull 2X Shares | 12.41% | 9.62% | 2.75% |
Drawdowns
FNGU vs. QQQU - Drawdown Comparison
The maximum FNGU drawdown since its inception was -60.84%, which is greater than QQQU's maximum drawdown of -53.70%. Use the drawdown chart below to compare losses from any high point for FNGU and QQQU.
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Drawdown Indicators
| FNGU | QQQU | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -60.84% | -53.70% | -7.14% |
Max Drawdown (1Y)Largest decline over 1 year | -59.55% | -36.29% | -23.26% |
Current DrawdownCurrent decline from peak | -51.94% | -28.64% | -23.30% |
Average DrawdownAverage peak-to-trough decline | -21.87% | -13.68% | -8.19% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 22.51% | 11.44% | +11.07% |
Volatility
FNGU vs. QQQU - Volatility Comparison
MicroSectors FANG+™ Index 3X Leveraged ETN (FNGU) has a higher volatility of 24.03% compared to Direxion Daily Magnificent 7 Bull 2X Shares (QQQU) at 16.87%. This indicates that FNGU's price experiences larger fluctuations and is considered to be riskier than QQQU based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| FNGU | QQQU | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 24.03% | 16.87% | +7.16% |
Volatility (6M)Calculated over the trailing 6-month period | 44.97% | 31.03% | +13.94% |
Volatility (1Y)Calculated over the trailing 1-year period | 77.71% | 55.55% | +22.16% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 80.80% | 54.08% | +26.72% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 80.80% | 54.08% | +26.72% |