FNGD vs QQQ
MicroSectors FANG+ Index -3X Inverse Leveraged ETN vs Invesco QQQ Trust, Series 1
Which is better, FNGD or QQQ?
Opposite sides of the same exposure.
QQQ has a lower expense ratio. QQQ led over 1Y, 3Y, 5Y and the full window. The two move opposite each other, correlation -0.85, so holding both offsets the exposure while paying both fees. QQQ is less concentrated, with 46.7% of the fund in its ten largest positions against 100.0%.
MarketXLS is not an investment adviser. This comparison is generated automatically from market data and is for information only. A Best mark means the better reading on that one measure, not a recommendation to buy.
Side-by-Side Comparison
| Metric | FNGD | QQQ |
|---|---|---|
| Expense Ratio | 0.95% | 0.18%Best |
| AUM | $46M | $506.1B |
| Dividend Yield | 0.00% | 0.42% |
| Holdings | 10 | 321 |
| YTD Return | -55.23% | +19.30%Best |
| 1Y Return | -52.27% | +22.47%Best |
| 3Y Return (annualized) | -69.51% | +26.18%Best |
| 5Y Return (annualized) | -64.73% | +15.42%Best |
| Volatility (annualized) | 71.2% | 20.0%Best |
| Max Drawdown | - | -35.1% |
| $10,000 over 5 years | $55 | $20,484Best |
| Top 10 Weight | 100.0% | 46.7%Best |
| Fund Family | BMO Capital Markets | Invesco (US) |
| Category | Alternative | Equity |
| Style | Trading-Inverse Equity | Large Cap Growth |
| Inception | Jan 22, 2018 | Mar 10, 1999 |
Volatility and max drawdown are measured over the window both funds cover: Jan 23, 2018 to Oct 14, 2026 (8.7 years).
FNGD vs QQQ growth
Month-end closes. Both lines start at 0% in the first month shown, so the gap between them is the difference in growth across that window. The full view covers the 8.7 years both funds cover.
FNGD vs QQQ Performance
MicroSectors FANG+ Index -3X Inverse Leveraged ETN (FNGD) is an ETF from BMO Capital Markets and Invesco QQQ Trust, Series 1 (QQQ) is an ETF from Invesco (US). Over the past year FNGD returned -52.27% while QQQ returned +22.47%. Year to date, FNGD is down 55.23% versus a gain of 19.30% for QQQ.
Over three years, FNGD compounded at -69.51% per year against +26.18% for QQQ; over five years the annualized figures are -64.73% and +15.42% respectively. Across the full 9-year window we track, QQQ has the edge at +18.66% annualized vs -70.13%.
Past performance does not guarantee future results.
Risk: Volatility and Drawdowns
FNGD has been the more volatile fund, with annualized monthly volatility of 71.2% compared with 20.0% for QQQ. Lower volatility generally means a smoother ride, though it often comes with lower long-run returns.
The two funds' monthly returns correlate at -0.85. They move opposite each other. Holding both offsets the exposure rather than spreading it, while paying both funds' fees.
Fees and Cost Over Time
FNGD charges 0.95% per year while QQQ charges 0.18%. On a $10,000 position that is $95 vs $18 annually, a gap of $77 per year that compounds over a long holding period. On income, FNGD currently yields 0.00% against 0.42% for QQQ.
Holdings Overlap
100.0% of FNGD's money is in holdings QQQ also owns. 42.4% of QQQ's money is in holdings FNGD also owns.
They hold the same names on opposite sides, so owning both offsets the exposure rather than doubling it.
10 positions in common, counted across the 10 positions we hold weights for in FNGD and 101 in QQQ, against full books of 10 and 321.
What only one of them owns
Measured across the 10 and 101 positions we hold weights for.
QQQ holds 83 positions FNGD does not, 53.9% of the fund.
Largest: AMD 4.17%, GOOG 2.85%, TSLA 2.82%, SPCX 2.70%, INTC 2.64%
Top Shared Holdings
| Stock | Weight in FNGD | Weight in QQQ | Difference |
|---|---|---|---|
| NVDANvidia Corp | 10.29% | 8.33% | 1.96% |
| AAPLApple, Inc | 9.65% | 7.35% | 2.30% |
| MUMicron Technology, Inc. | 11.08% | 5.02% | 6.06% |
| MSFTMicrosoft Corp | 10.08% | 5.76% | 4.32% |
| AMZNAmazon.Com Inc | 9.76% | 4.07% | 5.69% |
| METAMeta Platforms Inc | 10.38% | 3.26% | 7.12% |
| GOOGLAlphabet Inc | 9.67% | 3.05% | 6.62% |
| AVGOBroadcom Inc | 9.97% | 2.53% | 7.44% |
| PLTRPalantir Technologies Inc | 10.34% | 1.80% | 8.54% |
| NFLXNetflix, Inc. | 8.78% | 1.21% | 7.57% |
100.0% of FNGD is already inside QQQ.
You probably hold more than these two. Add the rest and see how much of the whole book is the same companies twice.
Free for up to 10 holdings. No account needed.
Frequently Asked Questions
Which is cheaper, FNGD or QQQ?
FNGD has an expense ratio of 0.95% while QQQ charges 0.18%. QQQ is the cheaper option, by $77 a year on a $10,000 investment.
Which performed better, FNGD or QQQ?
Over the past year FNGD returned -52.27% vs +22.47% for QQQ, so QQQ leads on 1-year performance. Over the longest common window we track (9 years), FNGD annualized -70.13% vs +18.66% for QQQ. Past performance does not guarantee future results. This is information, not a recommendation.
Which is riskier, FNGD or QQQ?
FNGD has been the more volatile fund at 71.2% annualized versus 20.0% for QQQ.
Should I hold both FNGD and QQQ?
FNGD and QQQ have a monthly-return correlation of -0.85, so they move opposite each other. Holding both offsets the exposure rather than spreading it, and pays both funds' fees on the way. This is information, not a recommendation.
What is the holdings overlap between FNGD and QQQ?
100.0% of FNGD's money is in holdings QQQ also owns. 42.4% of QQQ's is in holdings FNGD also owns. They hold 10 positions in common, counted across the 10 positions we hold weights for in FNGD and 101 in QQQ.
Which pays a higher dividend, FNGD or QQQ?
FNGD yields 0.00% while QQQ yields 0.42%, so QQQ currently pays the higher dividend yield.
Is QQQ better than FNGD?
QQQ has a lower expense ratio. QQQ led over 1Y, 3Y, 5Y and the full window. The two move opposite each other, correlation -0.85, so holding both offsets the exposure while paying both fees. QQQ is less concentrated, with 46.7% of the fund in its ten largest positions against 100.0%. Which one suits a particular account depends on what it is for. This is information, not a recommendation.