FNGG vs QQQ
Direxion Daily NYSE FANG+ Bull 2X ETF vs Invesco QQQ Trust, Series 1
Which is better, FNGG or QQQ?
Trading-Leveraged Equity against Large Cap Growth.
QQQ has a lower expense ratio. FNGG led over 1Y and 3Y, QQQ over 5Y and the full window. QQQ is less concentrated, with 46.7% of the fund in its ten largest positions against 89.7%.
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 | FNGG | QQQ |
|---|---|---|
| Expense Ratio | 0.96% | 0.18%Best |
| AUM | $124M | $506.1B |
| Dividend Yield | 8.98% | 0.42% |
| Holdings | 36 | 321 |
| YTD Return | +38.70%Best | +19.30% |
| 1Y Return | +27.96%Best | +22.47% |
| 3Y Return (annualized) | +61.84%Best | +26.18% |
| 5Y Return (annualized) | +3.39% | +15.42%Best |
| Volatility (annualized) | 57.6% | 20.7%Best |
| Max Drawdown | -91.3% | -35.1%Best |
| $10,000 over 5 years | $11,814 | $20,484Best |
| Top 10 Weight | 89.7% | 46.7%Best |
| Fund Family | Direxion Shares ETF Trust | Invesco (US) |
| Category | Alternative | Equity |
| Style | Trading-Leveraged Equity | Large Cap Growth |
| Inception | Sep 29, 2021 | Mar 10, 1999 |
Volatility and max drawdown are measured over the window both funds cover: Sep 30, 2021 to Oct 14, 2026 (5 years).
FNGG 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 5 years both funds cover.
FNGG vs QQQ Performance
Direxion Daily NYSE FANG+ Bull 2X ETF (FNGG) is an ETF from Direxion Shares ETF Trust and Invesco QQQ Trust, Series 1 (QQQ) is an ETF from Invesco (US). Over the past year FNGG returned +27.96% while QQQ returned +22.47%. Year to date, FNGG is up 38.70% versus a gain of 19.30% for QQQ.
Over three years, FNGG compounded at +61.84% per year against +26.18% for QQQ; over five years the annualized figures are +3.39% and +15.42% respectively.
Past performance does not guarantee future results.
Risk: Volatility and Drawdowns
FNGG has been the more volatile fund, with annualized monthly volatility of 57.6% compared with 20.7% for QQQ. Lower volatility generally means a smoother ride, though it often comes with lower long-run returns.
The deepest peak-to-trough decline in our data was -91.3% for FNGG and -35.1% for QQQ. Drawdown depth is what each fund did in the worst stretch of the window measured above.
The two funds' monthly returns correlate at 0.89. They usually move together, but the gap leaves some room for diversification.
Fees and Cost Over Time
FNGG charges 0.96% per year while QQQ charges 0.18%. On a $10,000 position that is $96 vs $18 annually, a gap of $78 per year that compounds over a long holding period. On income, FNGG currently yields 8.98% against 0.42% for QQQ.
Holdings Overlap
45.4% of FNGG's money is in holdings QQQ also owns. 42.4% of QQQ's money is in holdings FNGG also owns.
The two portfolios partly overlap.
10 positions in common, counted across the 12 positions we hold weights for in FNGG and 101 in QQQ, against full books of 36 and 321.
What only one of them owns
Our book lists 83 positions for QQQ that do not appear in our book for FNGG (53.9% of the fund), and 2 for FNGG that do not appear in QQQ (52.5%).
Some of those will be the same company recorded under a different code in one of the two books, so the real difference in what you would own is no larger than this and may be smaller. We do not name the individual positions here for that reason.
Top Shared Holdings
| Stock | Weight in FNGG | Weight in QQQ | Difference |
|---|---|---|---|
| NVDANvidia Corp | 4.76% | 8.33% | 3.57% |
| AAPLApple, Inc | 4.37% | 7.35% | 2.98% |
| MSFTMicrosoft Corp | 4.60% | 5.76% | 1.16% |
| MUMicron Technology, Inc. | 5.05% | 5.02% | 0.03% |
| AMZNAmazon.Com Inc | 4.45% | 4.07% | 0.38% |
| METAMeta Platforms Inc | 4.71% | 3.26% | 1.45% |
| GOOGLAlphabet Inc | 4.36% | 3.05% | 1.31% |
| AVGOBroadcom Inc | 4.56% | 2.53% | 2.03% |
| PLTRPalantir Technologies Inc | 4.72% | 1.80% | 2.92% |
| NFLXNetflix, Inc. | 3.82% | 1.21% | 2.61% |
45.4% of FNGG 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, FNGG or QQQ?
FNGG has an expense ratio of 0.96% while QQQ charges 0.18%. QQQ is the cheaper option, by $78 a year on a $10,000 investment.
Which performed better, FNGG or QQQ?
Over the past year FNGG returned +27.96% vs +22.47% for QQQ, so FNGG leads on 1-year performance. Past performance does not guarantee future results. This is information, not a recommendation.
Which is riskier, FNGG or QQQ?
FNGG has been the more volatile fund at 57.6% annualized versus 20.7% for QQQ. Worst drawdown: FNGG -91.3% vs QQQ -35.1%.
Should I hold both FNGG and QQQ?
FNGG and QQQ have a monthly-return correlation of 0.89, so their returns are far enough apart for the mix to behave differently from either one alone. This is information, not a recommendation.
What is the holdings overlap between FNGG and QQQ?
45.4% of FNGG's money is in holdings QQQ also owns. 42.4% of QQQ's is in holdings FNGG also owns. They hold 10 positions in common, counted across the 12 positions we hold weights for in FNGG and 101 in QQQ.
Which pays a higher dividend, FNGG or QQQ?
FNGG yields 8.98% while QQQ yields 0.42%, so FNGG currently pays the higher dividend yield.
Is QQQ better than FNGG?
QQQ has a lower expense ratio. FNGG led over 1Y and 3Y, QQQ over 5Y and the full window. QQQ is less concentrated, with 46.7% of the fund in its ten largest positions against 89.7%. Which one suits a particular account depends on what it is for. This is information, not a recommendation.