NQ=F vs. FNGS
Compare and contrast key facts about E-Mini Nasdaq 100 Futures (NQ=F) and MicroSectors FANG+ ETN (FNGS).
FNGS is a passively managed fund by BMO Financial Group that tracks the performance of the NYSE FANG+ Index. It was launched on Nov 12, 2019.
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: NQ=F or FNGS.
Correlation
The correlation between NQ=F and FNGS is 0.90, 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
NQ=F vs. FNGS - Performance Comparison
Key characteristics
NQ=F:
0.03
FNGS:
0.41
NQ=F:
0.22
FNGS:
0.77
NQ=F:
1.03
FNGS:
1.10
NQ=F:
0.03
FNGS:
0.49
NQ=F:
0.11
FNGS:
1.52
NQ=F:
6.41%
FNGS:
8.57%
NQ=F:
24.48%
FNGS:
31.72%
NQ=F:
-35.28%
FNGS:
-48.98%
NQ=F:
-17.39%
FNGS:
-21.59%
Returns By Period
In the year-to-date period, NQ=F achieves a -13.41% return, which is significantly higher than FNGS's -16.16% return.
NQ=F
-13.41%
-6.92%
-10.27%
4.75%
15.38%
15.08%
FNGS
-16.16%
-7.79%
-6.37%
14.94%
25.99%
N/A
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Risk-Adjusted Performance
NQ=F vs. FNGS — Risk-Adjusted Performance Rank
NQ=F
FNGS
NQ=F vs. FNGS - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for E-Mini Nasdaq 100 Futures (NQ=F) and MicroSectors FANG+ ETN (FNGS). 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.
Drawdowns
NQ=F vs. FNGS - Drawdown Comparison
The maximum NQ=F drawdown since its inception was -35.28%, smaller than the maximum FNGS drawdown of -48.98%. Use the drawdown chart below to compare losses from any high point for NQ=F and FNGS. For additional features, visit the drawdowns tool.
Volatility
NQ=F vs. FNGS - Volatility Comparison
E-Mini Nasdaq 100 Futures (NQ=F) and MicroSectors FANG+ ETN (FNGS) have volatilities of 16.67% and 17.43%, respectively, indicating that both stocks experience similar levels of price fluctuations. This suggests that the risk associated with both stocks, as measured by volatility, is nearly the same. The chart below showcases a comparison of their rolling one-month volatility.