TQQQ vs. FNGU
Compare and contrast key facts about ProShares UltraPro QQQ (TQQQ) and MicroSectors FANG+™ Index 3X Leveraged ETN (FNGU).
TQQQ and FNGU are both exchange-traded funds (ETFs), meaning they are traded on stock exchanges and can be bought and sold throughout the day. TQQQ is a passively managed fund by ProShares that tracks the performance of the NASDAQ-100 Index (300%). It was launched on Feb 9, 2010. 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 TQQQ 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: TQQQ or FNGU.
Key characteristics
| TQQQ | FNGU | |
|---|---|---|
| YTD Return | 2.14% | 23.52% |
| 1Y Return | 90.96% | 204.09% |
| 3Y Return (Ann) | -0.56% | -3.60% |
| 5Y Return (Ann) | 25.74% | 40.89% |
| Sharpe Ratio | 1.77 | 2.81 |
| Daily Std Dev | 48.54% | 70.04% |
| Max Drawdown | -81.66% | -92.34% |
| Current Drawdown | -40.23% | -40.97% |
Correlation
The correlation between TQQQ and FNGU is 0.91, 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
TQQQ vs. FNGU - Performance Comparison
In the year-to-date period, TQQQ achieves a 2.14% return, which is significantly lower than FNGU's 23.52% return. The chart below displays the growth of a $10,000 investment in both assets, with all prices adjusted for splits and dividends.
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TQQQ vs. FNGU - Expense Ratio Comparison
Both TQQQ and FNGU have an expense ratio of 0.95%.
Risk-Adjusted Performance
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.
Dividends
TQQQ vs. FNGU - Dividend Comparison
TQQQ's dividend yield for the trailing twelve months is around 1.37%, while FNGU has not paid dividends to shareholders.
| TTM | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | |
|---|---|---|---|---|---|---|---|---|---|---|---|
TQQQ ProShares UltraPro QQQ | 1.37% | 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% |
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.
Volatility
TQQQ vs. FNGU - Volatility Comparison
The current volatility for ProShares UltraPro QQQ (TQQQ) is 16.36%, while MicroSectors FANG+™ Index 3X Leveraged ETN (FNGU) has a volatility of 23.30%. 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.