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.
Performance
TQQQ vs. FNGU - Performance Comparison
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TQQQ vs. FNGU - Yearly Performance Comparison
| 2026 (YTD) | 2025 | |
|---|---|---|
TQQQ ProShares UltraPro QQQ | -17.87% | 19.05% |
FNGU MicroSectors FANG+™ Index 3X Leveraged ETN | -35.43% | 4.24% |
Returns By Period
In the year-to-date period, TQQQ achieves a -17.87% return, which is significantly higher than FNGU's -35.43% return.
TQQQ
- 1D
- 3.72%
- 1M
- -12.88%
- YTD
- -17.87%
- 6M
- -17.28%
- 1Y
- 48.52%
- 3Y*
- 46.87%
- 5Y*
- 13.55%
- 10Y*
- 35.31%
FNGU
- 1D
- 4.35%
- 1M
- -14.02%
- YTD
- -35.43%
- 6M
- -44.05%
- 1Y
- 17.93%
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
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TQQQ vs. FNGU - Expense Ratio Comparison
Both TQQQ and FNGU have an expense ratio of 0.95%.
Return for Risk
TQQQ vs. FNGU — Risk / Return Rank
TQQQ
FNGU
TQQQ vs. FNGU - Risk-Adjusted Trends 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.
| TQQQ | FNGU | Difference | |
|---|---|---|---|
Sharpe ratioReturn per unit of total volatility | 0.72 | 0.23 | +0.49 |
Sortino ratioReturn per unit of downside risk | 1.41 | 0.92 | +0.49 |
Omega ratioGain probability vs. loss probability | 1.20 | 1.12 | +0.08 |
Calmar ratioReturn relative to maximum drawdown | 1.41 | 0.38 | +1.03 |
Martin ratioReturn relative to average drawdown | 4.28 | 1.00 | +3.28 |
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month. | |||
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Sharpe Ratios by Period
| TQQQ | FNGU | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 0.72 | 0.23 | +0.49 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.20 | — | — |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.54 | — | — |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.65 | -0.37 | +1.02 |
Correlation
The correlation between TQQQ and FNGU is 0.89, 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.
Dividends
TQQQ vs. FNGU - Dividend Comparison
TQQQ's dividend yield for the trailing twelve months is around 0.73%, while FNGU has not paid dividends to shareholders.
| TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
TQQQ ProShares UltraPro QQQ | 0.73% | 0.65% | 1.27% | 1.26% | 0.57% | 0.00% | 0.00% | 0.06% | 0.11% | 0.00% | 0.00% | 0.01% |
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%, which is greater than FNGU's maximum drawdown of -60.84%. Use the drawdown chart below to compare losses from any high point for TQQQ and FNGU.
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Drawdown Indicators
| TQQQ | FNGU | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -81.66% | -60.84% | -20.82% |
Max Drawdown (1Y)Largest decline over 1 year | -36.97% | -59.55% | +22.58% |
Max Drawdown (5Y)Largest decline over 5 years | -81.66% | — | — |
Max Drawdown (10Y)Largest decline over 10 years | -81.66% | — | — |
Current DrawdownCurrent decline from peak | -28.08% | -51.94% | +23.86% |
Average DrawdownAverage peak-to-trough decline | -18.66% | -21.87% | +3.21% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 12.13% | 22.51% | -10.38% |
Volatility
TQQQ vs. FNGU - Volatility Comparison
The current volatility for ProShares UltraPro QQQ (TQQQ) is 19.74%, while MicroSectors FANG+™ Index 3X Leveraged ETN (FNGU) has a volatility of 24.03%. 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.
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Volatility by Period
| TQQQ | FNGU | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 19.74% | 24.03% | -4.29% |
Volatility (6M)Calculated over the trailing 6-month period | 38.50% | 44.97% | -6.47% |
Volatility (1Y)Calculated over the trailing 1-year period | 67.35% | 77.71% | -10.36% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 66.53% | 80.80% | -14.27% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 65.83% | 80.80% | -14.97% |