LQQ.PA vs. FBGX

Last updated Jun 16, 2026

LQQ.PA (Lyxor UCITS NASDAQ-100 Daily Leverage) and FBGX (UBS AG FI Enhanced Large Cap Growth ETN) are both exchange-traded funds - LQQ.PA is a Nasdaq-100 fund tracking the Nasdaq 100® Leverage (2x) index, while FBGX is a Leveraged Equities fund tracking the Russell 1000 Growth Index (200%). Both are passively managed. At a 0.33 correlation, their price movements are largely independent. LQQ.PA charges 0.60%/yr vs 1.29%/yr for FBGX.

Performance

LQQ.PA vs. FBGX - Performance Comparison

The chart below illustrates the hypothetical performance of a €10,000 investment in Lyxor UCITS NASDAQ-100 Daily Leverage (LQQ.PA) and UBS AG FI Enhanced Large Cap Growth ETN (FBGX). The values are adjusted to include any dividend payments, if applicable.

Different Trading Currencies

LQQ.PA is traded in EUR, while FBGX is traded in USD. To make them comparable, the FBGX values have been converted to EUR using the latest available exchange rates.

Returns By Period

LQQ.PA

• 1D: 5.42%
• 1M: 8.04%
• YTD: 40.35%
• 6M: 42.90%
• 1Y: 81.16%
• 3Y*: 42.81%
• 5Y*: —
• 10Y*: —

FBGX

• 1D: —
• 1M: —
• YTD: —
• 6M: —
• 1Y: —
• 3Y*: —
• 5Y*: —
• 10Y*: —

*Multi-year figures are annualized to reflect compound growth (CAGR)

LQQ.PA vs. FBGX - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023
LQQ.PA Lyxor UCITS NASDAQ-100 Daily Leverage	40.35%	14.16%	57.00%	75.85%
FBGX UBS AG FI Enhanced Large Cap Growth ETN	0.00%	0.00%	39.46%	57.39%

Correlation

The correlation between LQQ.PA and FBGX is 0.33, which is low. Their price movements are largely independent, making them effective diversification partners.

	Correlation
Correlation (3Y) Calculated over the trailing 3-year period	0.32
Correlation (All Time) Calculated using the full available price history since Mar 10, 2023	0.33

Return for Risk

LQQ.PA vs. FBGX — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.

LQQ.PA

LQQ.PA Risk / Return Rank: 76
LQQ.PA Sharpe Ratio Rank: 86
LQQ.PA Sortino Ratio Rank: 76
LQQ.PA Omega Ratio Rank: 75
LQQ.PA Calmar Ratio Rank: 78
LQQ.PA Martin Ratio Rank: 67

FBGX

Risk / return metrics aren't available yet — we need at least 12 months of trading data to calculate them.

The rank (0–100) shows how this investment's returns compare to the risk taken. Higher = better. Based on the past 12 months of data, combining Sharpe, Sortino, and other metrics used by quantitative funds and institutional investors.

LQQ.PA vs. FBGX - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Lyxor UCITS NASDAQ-100 Daily Leverage (LQQ.PA) and UBS AG FI Enhanced Large Cap Growth ETN (FBGX). 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.

	LQQ.PA	FBGX	Difference
Sharpe ratio: Return per unit of total volatility	2.50	—	—
Sortino ratio: Return per unit of downside risk	3.08	—	—
Omega ratio: Gain probability vs. loss probability	1.40	—	—
Calmar ratio: Return relative to maximum drawdown	3.65	—	—
Martin ratio: Return relative to average drawdown	11.21	—	—

Drawdowns

Drawdown Indicators

	LQQ.PA	FBGX	Difference
Max Drawdown Largest peak-to-trough decline	-44.66%	—	—
Max Drawdown (1Y) Largest decline over 1 year	-21.88%	—	—
Max Drawdown (3Y) Largest decline over 3 years	-44.66%	—	—
Current Drawdown Current decline from peak	-1.10%	—	—
Average Drawdown Average peak-to-trough decline	-7.19%	—	—
Ulcer Index Depth and duration of drawdowns from previous peaks	7.17%	—	—

Volatility

Volatility by Period

	LQQ.PA	FBGX	Difference
Volatility (1M) Calculated over the trailing 1-month period	12.35%	—	—
Volatility (6M) Calculated over the trailing 6-month period	24.49%	—	—
Volatility (1Y) Calculated over the trailing 1-year period	32.04%	—	—
Volatility (5Y) Calculated over the trailing 5-year period, annualized	35.49%	—	—
Volatility (10Y) Calculated over the trailing 10-year period, annualized	35.49%	—	—

LQQ.PA vs. FBGX - Expense Ratio Comparison

LQQ.PA has a 0.60% expense ratio, which is lower than FBGX's 1.29% expense ratio.

Dividends

LQQ.PA vs. FBGX - Dividend Comparison

Neither LQQ.PA nor FBGX has paid dividends to shareholders.

Tickers have no history of dividend payments

Frequently Asked Questions

Can I hold both LQQ.PA and FBGX in my portfolio?

LQQ.PA and FBGX 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.

Which ETF is better, LQQ.PA or FBGX?

On fees, LQQ.PA is cheaper at 0.60% per year. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF is cheaper, LQQ.PA or FBGX?

LQQ.PA is cheaper with a 0.60% expense ratio, compared with 1.29% for FBGX.

What is the main difference between LQQ.PA and FBGX?

LQQ.PA is categorized as Nasdaq-100, while FBGX is Leveraged Equities. LQQ.PA tracks Nasdaq 100® Leverage (2x) index, while FBGX tracks Russell 1000 Growth Index (200%). They also come from different issuers: Amundi and UBS. Their fees differ too: 0.60% for LQQ.PA and 1.29% for FBGX.