QQQX vs. FNGS
Compare and contrast key facts about Nuveen Nasdaq 100 Dynamic Overwrite Fund (QQQX) 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: QQQX or FNGS.
Correlation
The correlation between QQQX and FNGS is 0.79, 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
QQQX vs. FNGS - Performance Comparison
Key characteristics
QQQX:
0.68
FNGS:
1.01
QQQX:
1.06
FNGS:
1.51
QQQX:
1.15
FNGS:
1.20
QQQX:
0.65
FNGS:
1.21
QQQX:
2.35
FNGS:
3.56
QQQX:
6.31%
FNGS:
9.09%
QQQX:
21.96%
FNGS:
32.26%
QQQX:
-57.24%
FNGS:
-48.98%
QQQX:
-10.49%
FNGS:
-9.13%
Returns By Period
In the year-to-date period, QQQX achieves a -8.11% return, which is significantly lower than FNGS's -2.84% return.
QQQX
-8.11%
0.96%
0.75%
13.80%
10.03%
10.20%
FNGS
-2.84%
9.58%
9.77%
30.70%
30.02%
N/A
Compare stocks, funds, or ETFs
Search for stocks, ETFs, and funds for a quick comparison or use the comparison tool for more options.
Risk-Adjusted Performance
QQQX vs. FNGS — Risk-Adjusted Performance Rank
QQQX
FNGS
QQQX vs. FNGS - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for Nuveen Nasdaq 100 Dynamic Overwrite Fund (QQQX) 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.
Dividends
QQQX vs. FNGS - Dividend Comparison
QQQX's dividend yield for the trailing twelve months is around 8.07%, while FNGS has not paid dividends to shareholders.
| TTM | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
QQQX Nuveen Nasdaq 100 Dynamic Overwrite Fund | 8.07% | 6.73% | 7.26% | 9.65% | 5.86% | 6.00% | 6.49% | 8.40% | 5.95% | 7.54% | 7.23% | 7.07% |
FNGS MicroSectors FANG+ 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
QQQX vs. FNGS - Drawdown Comparison
The maximum QQQX drawdown since its inception was -57.24%, which is greater than FNGS's maximum drawdown of -48.98%. Use the drawdown chart below to compare losses from any high point for QQQX and FNGS. For additional features, visit the drawdowns tool.
Volatility
QQQX vs. FNGS - Volatility Comparison
The current volatility for Nuveen Nasdaq 100 Dynamic Overwrite Fund (QQQX) is 16.13%, while MicroSectors FANG+ ETN (FNGS) has a volatility of 18.49%. This indicates that QQQX 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.