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TQQQ vs. FNGU
Performance
Risk-Adjusted Performance
Dividends
Drawdowns
Volatility

Correlation

The correlation between TQQQ and FNGU 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.


-0.50.00.51.0
Correlation: 0.8

Performance

TQQQ vs. FNGU - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in ProShares UltraPro QQQ (TQQQ) and MicroSectors FANG+™ Index 3X Leveraged ETN (FNGU). The values are adjusted to include any dividend payments, if applicable.

200.00%400.00%600.00%800.00%1,000.00%1,200.00%NovemberDecember2025FebruaryMarchApril
278.21%
641.29%
TQQQ
FNGU

Key characteristics

Sharpe Ratio

TQQQ:

0.04

FNGU:

0.44

Sortino Ratio

TQQQ:

0.58

FNGU:

1.21

Omega Ratio

TQQQ:

1.08

FNGU:

1.16

Calmar Ratio

TQQQ:

0.05

FNGU:

0.66

Martin Ratio

TQQQ:

0.13

FNGU:

1.64

Ulcer Index

TQQQ:

20.43%

FNGU:

25.41%

Daily Std Dev

TQQQ:

74.97%

FNGU:

94.16%

Max Drawdown

TQQQ:

-81.66%

FNGU:

-92.34%

Current Drawdown

TQQQ:

-41.90%

FNGU:

-42.88%

Returns By Period

The year-to-date returns for both stocks are quite close, with TQQQ having a -31.73% return and FNGU slightly lower at -31.98%.


TQQQ

YTD

-31.73%

1M

-6.07%

6M

-27.48%

1Y

-1.26%

5Y*

29.10%

10Y*

28.77%

FNGU

YTD

-31.98%

1M

9.17%

6M

-11.52%

1Y

29.92%

5Y*

47.94%

10Y*

N/A

*Annualized

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TQQQ vs. FNGU - Expense Ratio Comparison

Both TQQQ and FNGU have an expense ratio of 0.95%.


Expense ratio chart for TQQQ: current value is 0.95%, compared with the broader market range of 0.00% to 2.12%.0.50%1.00%1.50%2.00%
TQQQ: 0.95%
Expense ratio chart for FNGU: current value is 0.95%, compared with the broader market range of 0.00% to 2.12%.0.50%1.00%1.50%2.00%
FNGU: 0.95%

Risk-Adjusted Performance

TQQQ vs. FNGU — Risk-Adjusted Performance Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.

TQQQ
The Risk-Adjusted Performance Rank of TQQQ is 3333
Overall Rank
The Sharpe Ratio Rank of TQQQ is 2424
Sharpe Ratio Rank
The Sortino Ratio Rank of TQQQ is 4646
Sortino Ratio Rank
The Omega Ratio Rank of TQQQ is 4646
Omega Ratio Rank
The Calmar Ratio Rank of TQQQ is 2626
Calmar Ratio Rank
The Martin Ratio Rank of TQQQ is 2424
Martin Ratio Rank

FNGU
The Risk-Adjusted Performance Rank of FNGU is 6666
Overall Rank
The Sharpe Ratio Rank of FNGU is 5555
Sharpe Ratio Rank
The Sortino Ratio Rank of FNGU is 7575
Sortino Ratio Rank
The Omega Ratio Rank of FNGU is 7373
Omega Ratio Rank
The Calmar Ratio Rank of FNGU is 7373
Calmar Ratio Rank
The Martin Ratio Rank of FNGU is 5555
Martin Ratio Rank
The risk-adjusted ranks indicate the investment's position relative to the market. A rank closer to 100 signifies top-performing investments, while a rank closer to 0 might suggest underperformance, based on the selected ratio. The values are calculated based on the past 12 months of returns.

TQQQ vs. FNGU - Risk-Adjusted Performance Comparison

This table presents a comparison of risk-adjusted performance metrics for ProShares UltraPro QQQ (TQQQ) 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.


The chart of Sharpe ratio for TQQQ, currently valued at 0.04, compared to the broader market-1.000.001.002.003.004.00
TQQQ: 0.04
FNGU: 0.44
The chart of Sortino ratio for TQQQ, currently valued at 0.58, compared to the broader market-2.000.002.004.006.008.00
TQQQ: 0.58
FNGU: 1.21
The chart of Omega ratio for TQQQ, currently valued at 1.08, compared to the broader market0.501.001.502.00
TQQQ: 1.08
FNGU: 1.16
The chart of Calmar ratio for TQQQ, currently valued at 0.05, compared to the broader market0.002.004.006.008.0010.0012.00
TQQQ: 0.05
FNGU: 0.66
The chart of Martin ratio for TQQQ, currently valued at 0.13, compared to the broader market0.0020.0040.0060.00
TQQQ: 0.13
FNGU: 1.64

The current TQQQ Sharpe Ratio is 0.04, which is lower than the FNGU Sharpe Ratio of 0.44. The chart below compares the historical Sharpe Ratios of TQQQ and FNGU, offering insights into how both investments have performed under varying market conditions. These values are calculated using daily returns over the previous 12 months.


Rolling 12-month Sharpe Ratio-1.000.001.002.003.004.00NovemberDecember2025FebruaryMarchApril
0.04
0.44
TQQQ
FNGU

Dividends

TQQQ vs. FNGU - Dividend Comparison

TQQQ's dividend yield for the trailing twelve months is around 1.83%, while FNGU has not paid dividends to shareholders.


TTM20242023202220212020201920182017201620152014
TQQQ
ProShares UltraPro QQQ
1.83%1.27%1.26%0.57%0.00%0.00%0.06%0.11%0.00%0.00%0.01%0.03%
FNGU
MicroSectors FANG+™ Index 3X 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

TQQQ vs. FNGU - Drawdown Comparison

The maximum TQQQ drawdown since its inception was -81.66%, smaller than the maximum FNGU drawdown of -92.34%. Use the drawdown chart below to compare losses from any high point for TQQQ and FNGU. For additional features, visit the drawdowns tool.


-60.00%-50.00%-40.00%-30.00%-20.00%-10.00%0.00%NovemberDecember2025FebruaryMarchApril
-41.90%
-42.88%
TQQQ
FNGU

Volatility

TQQQ vs. FNGU - Volatility Comparison

The current volatility for ProShares UltraPro QQQ (TQQQ) is 48.66%, while MicroSectors FANG+™ Index 3X Leveraged ETN (FNGU) has a volatility of 54.23%. This indicates that TQQQ 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.


10.00%20.00%30.00%40.00%50.00%NovemberDecember2025FebruaryMarchApril
48.66%
54.23%
TQQQ
FNGU