Correlation
The correlation between QLD and FNGO is 0.77, 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.
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.
Performance
QLD vs. FNGO - Performance Comparison
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Key characteristics
QLD:
0.39
FNGO:
0.86
QLD:
0.82
FNGO:
1.40
QLD:
1.11
FNGO:
1.19
QLD:
0.40
FNGO:
1.05
QLD:
1.15
FNGO:
2.73
QLD:
14.83%
FNGO:
18.30%
QLD:
50.81%
FNGO:
65.36%
QLD:
-83.13%
FNGO:
-78.39%
QLD:
-11.50%
FNGO:
-7.83%
Returns By Period
In the year-to-date period, QLD achieves a -1.73% return, which is significantly lower than FNGO's 3.60% return.
QLD
-1.73%
13.68%
-3.75%
19.61%
29.14%
25.92%
27.62%
FNGO
3.60%
17.09%
13.03%
55.72%
65.74%
44.01%
N/A
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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 0.23%, while FNGO has not paid dividends to shareholders.
| TTM | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
QLD ProShares Ultra QQQ | 0.23% | 0.25% | 0.33% | 0.31% | 0.00% | 0.00% | 0.13% | 0.06% | 0.02% | 0.90% | 0.11% | 0.19% |
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 -83.13%, which is greater than FNGO's maximum drawdown of -78.39%. Use the drawdown chart below to compare losses from any high point for QLD and FNGO.
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Volatility
QLD vs. FNGO - Volatility Comparison
The current volatility for ProShares Ultra QQQ (QLD) is 10.99%, while MicroSectors FANG+ Index 2X Leveraged ETN (FNGO) has a volatility of 12.58%. This indicates that QLD experiences smaller price fluctuations and is considered to be less risky than FNGO based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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