FNGS vs QQQ
MicroSectors FANG+ ETNs vs Invesco QQQ Trust, Series 1
Which is better, FNGS or QQQ?
Mid Cap Growth against Large Cap Growth.
QQQ has a lower expense ratio. FNGS led over 3Y, 5Y and the full window, QQQ over 1Y. 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 | FNGS | QQQ |
|---|---|---|
| Expense Ratio | 0.58% | 0.18%Best |
| AUM | $631M | $506.1B |
| Dividend Yield | 0.00% | 0.42% |
| Holdings | 10 | 321 |
| YTD Return | +22.71%Best | +19.30% |
| 1Y Return | +18.93% | +22.47%Best |
| 3Y Return (annualized) | +35.13%Best | +26.18% |
| 5Y Return (annualized) | +20.88%Best | +15.42% |
| Volatility (annualized) | 27.4% | 20.7%Best |
| Max Drawdown | -49.0% | -35.1%Best |
| $10,000 over 5 years | $25,809Best | $20,484 |
| Top 10 Weight | 100.0% | 46.7%Best |
| Fund Family | BMO Capital Markets | Invesco (US) |
| Category | Equity | Equity |
| Style | Mid Cap Growth | Large Cap Growth |
| Inception | Nov 12, 2019 | Mar 10, 1999 |
Volatility and max drawdown are measured over the window both funds cover: Nov 13, 2019 to Oct 14, 2026 (6.9 years).
FNGS 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 6.9 years both funds cover.
FNGS vs QQQ Performance
MicroSectors FANG+ ETNs (FNGS) is an ETF from BMO Capital Markets and Invesco QQQ Trust, Series 1 (QQQ) is an ETF from Invesco (US). Over the past year FNGS returned +18.93% while QQQ returned +22.47%. Year to date, FNGS is up 22.71% versus a gain of 19.30% for QQQ.
Over three years, FNGS compounded at +35.13% per year against +26.18% for QQQ; over five years the annualized figures are +20.88% and +15.42% respectively. Across the full 7-year window we track, FNGS has the edge at +31.51% annualized vs +21.00%.
Past performance does not guarantee future results.
Risk: Volatility and Drawdowns
FNGS has been the more volatile fund, with annualized monthly volatility of 27.4% 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 -49.0% for FNGS 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
FNGS charges 0.58% per year while QQQ charges 0.18%. On a $10,000 position that is $58 vs $18 annually, a gap of $40 per year that compounds over a long holding period. On income, FNGS currently yields 0.00% against 0.42% for QQQ.
Holdings Overlap
100.0% of FNGS's money is in holdings QQQ also owns. 42.4% of QQQ's money is in holdings FNGS also owns.
Most of FNGS is already inside QQQ. Owning both mostly buys the same companies twice.
10 positions in common, counted across the 10 positions we hold weights for in FNGS 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 FNGS 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 FNGS | 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 FNGS 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, FNGS or QQQ?
FNGS has an expense ratio of 0.58% while QQQ charges 0.18%. QQQ is the cheaper option, by $40 a year on a $10,000 investment.
Which performed better, FNGS or QQQ?
Over the past year FNGS returned +18.93% vs +22.47% for QQQ, so QQQ leads on 1-year performance. Over the longest common window we track (7 years), FNGS annualized +31.51% vs +21.00% for QQQ. Past performance does not guarantee future results. This is information, not a recommendation.
Which is riskier, FNGS or QQQ?
FNGS has been the more volatile fund at 27.4% annualized versus 20.7% for QQQ. Worst drawdown: FNGS -49.0% vs QQQ -35.1%.
Should I hold both FNGS and QQQ?
FNGS 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 FNGS and QQQ?
100.0% of FNGS's money is in holdings QQQ also owns. 42.4% of QQQ's is in holdings FNGS also owns. They hold 10 positions in common, counted across the 10 positions we hold weights for in FNGS and 101 in QQQ.
Which pays a higher dividend, FNGS or QQQ?
FNGS yields 0.00% while QQQ yields 0.42%, so QQQ currently pays the higher dividend yield.
Is QQQ better than FNGS?
QQQ has a lower expense ratio. FNGS led over 3Y, 5Y and the full window, QQQ over 1Y. 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.