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
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Key characteristics
QQQX:
0.59
FNGS:
0.94
QQQX:
0.95
FNGS:
1.46
QQQX:
1.14
FNGS:
1.19
QQQX:
0.57
FNGS:
1.15
QQQX:
1.96
FNGS:
3.34
QQQX:
6.61%
FNGS:
9.22%
QQQX:
21.96%
FNGS:
32.55%
QQQX:
-57.24%
FNGS:
-48.98%
QQQX:
-7.95%
FNGS:
-4.04%
Returns By Period
In the year-to-date period, QQQX achieves a -5.50% return, which is significantly lower than FNGS's 2.60% return.
QQQX
-5.50%
11.57%
0.50%
12.88%
10.75%
8.98%
10.17%
FNGS
2.60%
22.37%
9.16%
30.26%
40.63%
28.26%
N/A
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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.
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Dividends
QQQX vs. FNGS - Dividend Comparison
QQQX's dividend yield for the trailing twelve months is around 7.85%, 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 | 7.85% | 6.73% | 7.26% | 9.66% | 5.85% | 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.
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Volatility
QQQX vs. FNGS - Volatility Comparison
The current volatility for Nuveen Nasdaq 100 Dynamic Overwrite Fund (QQQX) is 4.43%, while MicroSectors FANG+ ETN (FNGS) has a volatility of 8.84%. 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.
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