QQQU vs. FNGU
Compare and contrast key facts about Direxion Daily Magnificent 7 Bull 2X Shares (QQQU) and MicroSectors FANG+™ Index 3X Leveraged ETN (FNGU).
QQQU and FNGU are both exchange-traded funds (ETFs), meaning they are traded on stock exchanges and can be bought and sold throughout the day. QQQU is a passively managed fund by Direxion that tracks the performance of the The Indxx Magnificent 7 Index (200%). It was launched on Mar 6, 2024. FNGU is a passively managed fund by Bank of Montreal that tracks the performance of the NYSE FANG (TR) (300%). It was launched on Jan 22, 2018. Both QQQU and FNGU 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: QQQU or FNGU.
Correlation
The correlation between QQQU and FNGU is 0.92, 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
QQQU vs. FNGU - Performance Comparison
Key characteristics
QQQU:
50.27%
FNGU:
74.61%
QQQU:
-33.84%
FNGU:
-92.34%
QQQU:
-9.10%
FNGU:
-10.79%
Returns By Period
In the year-to-date period, QQQU achieves a 3.59% return, which is significantly lower than FNGU's 6.24% return.
QQQU
3.59%
-0.93%
35.22%
N/A
N/A
N/A
FNGU
6.24%
0.82%
34.70%
144.43%
51.55%
N/A
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QQQU vs. FNGU - Expense Ratio Comparison
QQQU has a 1.07% expense ratio, which is higher than FNGU's 0.95% expense ratio.
Risk-Adjusted Performance
QQQU vs. FNGU — Risk-Adjusted Performance Rank
QQQU
FNGU
QQQU vs. FNGU - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for Direxion Daily Magnificent 7 Bull 2X Shares (QQQU) and MicroSectors FANG+™ Index 3X Leveraged ETN (FNGU). 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.
Not enough dataDividends
QQQU vs. FNGU - Dividend Comparison
QQQU's dividend yield for the trailing twelve months is around 2.65%, while FNGU has not paid dividends to shareholders.
| TTM | 2024 | |
|---|---|---|
QQQU Direxion Daily Magnificent 7 Bull 2X Shares | 2.65% | 2.74% |
FNGU MicroSectors FANG+™ Index 3X Leveraged ETN | 0.00% | 0.00% |
Drawdowns
QQQU vs. FNGU - Drawdown Comparison
The maximum QQQU drawdown since its inception was -33.84%, smaller than the maximum FNGU drawdown of -92.34%. Use the drawdown chart below to compare losses from any high point for QQQU and FNGU. For additional features, visit the drawdowns tool.
Volatility
QQQU vs. FNGU - Volatility Comparison
The current volatility for Direxion Daily Magnificent 7 Bull 2X Shares (QQQU) is 18.08%, while MicroSectors FANG+™ Index 3X Leveraged ETN (FNGU) has a volatility of 24.03%. This indicates that QQQU experiences smaller price fluctuations and is considered to be less risky than FNGU based on this measure. The chart below showcases a comparison of their rolling one-month volatility.