QLD vs. FNGO
Compare and contrast key facts about ProShares Ultra QQQ (QLD) and MicroSectors FANG+ Index 2X Leveraged ETN (FNGO).
QLD and FNGO are both exchange-traded funds (ETFs), meaning they are traded on stock exchanges and can be bought and sold throughout the day. QLD is a passively managed fund by ProShares that tracks the performance of the NASDAQ-100 Index (200%). It was launched on Jun 21, 2006. FNGO is a passively managed fund by Bank of Montreal that tracks the performance of the NYSE FANG+ Index (+200%). It was launched on Aug 1, 2018. Both QLD and FNGO 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: QLD or FNGO.
Correlation
The correlation between QLD and FNGO is 0.40, which is considered to be low. This implies their price changes are not closely related. A low correlation is generally favorable for portfolio diversification, as it helps to reduce overall risk by spreading it across multiple assets with different performance patterns.
Performance
QLD vs. FNGO - Performance Comparison
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Key characteristics
QLD:
25.60%
FNGO:
39.30%
QLD:
-1.84%
FNGO:
-2.25%
QLD:
-0.17%
FNGO:
-2.25%
Returns By Period
QLD
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FNGO
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QLD vs. FNGO - Expense Ratio Comparison
Both QLD and FNGO have an expense ratio of 0.95%.
Risk-Adjusted Performance
QLD vs. FNGO — Risk-Adjusted Performance Rank
QLD
FNGO
QLD vs. FNGO - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for ProShares Ultra QQQ (QLD) and MicroSectors FANG+ Index 2X Leveraged ETN (FNGO). 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.
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Dividends
QLD vs. FNGO - Dividend Comparison
QLD's dividend yield for the trailing twelve months is around 0.26%, while FNGO has not paid dividends to shareholders.
| TTM | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
QLD ProShares Ultra QQQ | 0.26% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
FNGO MicroSectors FANG+ Index 2X Leveraged ETN | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
Drawdowns
QLD vs. FNGO - Drawdown Comparison
The maximum QLD drawdown since its inception was -1.84%, smaller than the maximum FNGO drawdown of -2.25%. Use the drawdown chart below to compare losses from any high point for QLD and FNGO. For additional features, visit the drawdowns tool.
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Volatility
QLD vs. FNGO - Volatility Comparison
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