FNGU vs QQQ
MicroSectors FANG+ 3x Leveraged ETN vs Invesco QQQ Trust, Series 1
Which is better, FNGU or QQQ?
Multi Alternative against Large Cap Growth.
QQQ has a lower expense ratio. FNGU led over 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 | FNGU | QQQ |
|---|---|---|
| Expense Ratio | 0.35% | 0.18%Best |
| AUM | $2.9B | $506.1B |
| Dividend Yield | 0.00% | 0.42% |
| Holdings | 10 | 321 |
| YTD Return | +42.02%Best | +19.30% |
| 1Y Return | +21.65% | +22.47%Best |
| 3Y Return (annualized) | - | +26.18% |
| 5Y Return (annualized) | - | +15.42% |
| Volatility (annualized) | 79.7% | 19.9%Best |
| Max Drawdown | -60.8% | -22.4%Best |
| $10,000 over 1.6 years | $14,006Best | $13,566 |
| Top 10 Weight | 100.0% | 46.7%Best |
| Fund Family | BMO Capital Markets | Invesco (US) |
| Category | Alternative | Equity |
| Style | Multi Alternative | Large Cap Growth |
| Inception | Feb 19, 2025 | Mar 10, 1999 |
Volatility and max drawdown, and the $10,000 over 1.6 years row, are measured over the window both funds cover: Feb 20, 2025 to Oct 14, 2026 (1.6 years).
FNGU 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 1.6 years both funds cover.
FNGU vs QQQ Performance
MicroSectors FANG+ 3x Leveraged ETN (FNGU) is an ETF from BMO Capital Markets and Invesco QQQ Trust, Series 1 (QQQ) is an ETF from Invesco (US). Over the past year FNGU returned +21.65% while QQQ returned +22.47%. Year to date, FNGU is up 42.02% versus a gain of 19.30% for QQQ.
Past performance does not guarantee future results.
Risk: Volatility and Drawdowns
FNGU has been the more volatile fund, with annualized monthly volatility of 79.7% compared with 19.9% 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 -60.8% for FNGU and -22.4% 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
FNGU charges 0.35% per year while QQQ charges 0.18%. On a $10,000 position that is $35 vs $18 annually, a gap of $17 per year that compounds over a long holding period. On income, FNGU currently yields 0.00% against 0.42% for QQQ.
Holdings Overlap
100.0% of FNGU's money is in holdings QQQ also owns. 42.4% of QQQ's money is in holdings FNGU also owns.
Most of FNGU 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 FNGU 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 FNGU 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 FNGU | 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 FNGU 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, FNGU or QQQ?
FNGU has an expense ratio of 0.35% while QQQ charges 0.18%. QQQ is the cheaper option, by $17 a year on a $10,000 investment.
Which performed better, FNGU or QQQ?
Over the past year FNGU returned +21.65% vs +22.47% for QQQ, so QQQ leads on 1-year performance. Over the longest common window we track (2 years), FNGU annualized +23.44% vs +21.00% for QQQ. Past performance does not guarantee future results. This is information, not a recommendation.
Which is riskier, FNGU or QQQ?
FNGU has been the more volatile fund at 79.7% annualized versus 19.9% for QQQ. Worst drawdown: FNGU -60.8% vs QQQ -22.4%.
Should I hold both FNGU and QQQ?
FNGU 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 FNGU and QQQ?
100.0% of FNGU's money is in holdings QQQ also owns. 42.4% of QQQ's is in holdings FNGU also owns. They hold 10 positions in common, counted across the 10 positions we hold weights for in FNGU and 101 in QQQ.
Which pays a higher dividend, FNGU or QQQ?
FNGU yields 0.00% while QQQ yields 0.42%, so QQQ currently pays the higher dividend yield.
Is QQQ better than FNGU?
QQQ has a lower expense ratio. FNGU led over 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.