FNGU vs. TQQQ
Compare and contrast key facts about MicroSectors FANG+™ Index 3X Leveraged ETN (FNGU) and ProShares UltraPro QQQ (TQQQ).
FNGU and TQQQ 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. TQQQ is a passively managed fund by ProShares that tracks the performance of the NASDAQ-100 Index (300%). It was launched on Feb 9, 2010. Both FNGU and TQQQ 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 TQQQ.
Key characteristics
| FNGU | TQQQ | |
|---|---|---|
| YTD Return | 105.08% | 48.06% |
| 1Y Return | 142.94% | 74.81% |
| 3Y Return (Ann) | 0.26% | -3.14% |
| 5Y Return (Ann) | 60.20% | 32.55% |
| Sharpe Ratio | 2.01 | 1.45 |
| Sortino Ratio | 2.35 | 1.92 |
| Omega Ratio | 1.31 | 1.26 |
| Calmar Ratio | 2.33 | 1.47 |
| Martin Ratio | 8.29 | 6.04 |
| Ulcer Index | 17.27% | 12.43% |
| Daily Std Dev | 71.36% | 51.88% |
| Max Drawdown | -92.34% | -81.66% |
| Current Drawdown | -14.64% | -13.36% |
Correlation
The correlation between FNGU and TQQQ 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. TQQQ - Performance Comparison
In the year-to-date period, FNGU achieves a 105.08% return, which is significantly higher than TQQQ's 48.06% 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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FNGU vs. TQQQ - Expense Ratio Comparison
Both FNGU and TQQQ have an expense ratio of 0.95%.
Risk-Adjusted Performance
FNGU vs. TQQQ - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for MicroSectors FANG+™ Index 3X Leveraged ETN (FNGU) and ProShares UltraPro QQQ (TQQQ). 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. TQQQ - Dividend Comparison
FNGU has not paid dividends to shareholders, while TQQQ's dividend yield for the trailing twelve months is around 1.28%.
| TTM | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | |
|---|---|---|---|---|---|---|---|---|---|---|---|
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% |
TQQQ ProShares UltraPro QQQ | 1.28% | 1.26% | 0.57% | 0.00% | 0.00% | 0.06% | 0.11% | 0.00% | 0.00% | 0.01% | 0.03% |
Drawdowns
FNGU vs. TQQQ - Drawdown Comparison
The maximum FNGU drawdown since its inception was -92.34%, which is greater than TQQQ's maximum drawdown of -81.66%. Use the drawdown chart below to compare losses from any high point for FNGU and TQQQ. For additional features, visit the drawdowns tool.
Volatility
FNGU vs. TQQQ - Volatility Comparison
MicroSectors FANG+™ Index 3X Leveraged ETN (FNGU) has a higher volatility of 21.12% compared to ProShares UltraPro QQQ (TQQQ) at 16.89%. This indicates that FNGU's price experiences larger fluctuations and is considered to be riskier than TQQQ based on this measure. The chart below showcases a comparison of their rolling one-month volatility.