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 0.89, 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:
0.82
FNGS:
1.20
NQ=F:
1.21
FNGS:
1.65
NQ=F:
1.17
FNGS:
1.21
NQ=F:
1.06
FNGS:
1.73
NQ=F:
3.49
FNGS:
5.39
NQ=F:
4.26%
FNGS:
5.71%
NQ=F:
17.96%
FNGS:
25.72%
NQ=F:
-35.28%
FNGS:
-48.98%
NQ=F:
-4.75%
FNGS:
-7.55%
Returns By Period
In the year-to-date period, NQ=F achieves a -0.16% return, which is significantly higher than FNGS's -1.15% return.
NQ=F
-0.16%
-0.31%
9.15%
17.60%
19.78%
16.67%
FNGS
-1.15%
-2.33%
20.10%
30.55%
31.02%
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
The current volatility for E-Mini Nasdaq 100 Futures (NQ=F) is 4.09%, while MicroSectors FANG+ ETN (FNGS) has a volatility of 6.21%. This indicates that NQ=F experiences smaller price fluctuations and is considered to be less risky than FNGS based on this measure. The chart below showcases a comparison of their rolling one-month volatility.