FNG vs QQQ
Leverage Shares 2X Long FN Daily ETF vs Invesco QQQ Trust, Series 1
Quick Verdict
QQQ has a lower expense ratio. QQQ delivered stronger 1-year returns. QQQ offers more diversification with 103 holdings.
Side-by-Side Comparison
| Metric | FNG | QQQ | Winner |
|---|---|---|---|
| Expense Ratio | 0.99% | 0.18% | |
| AUM | $494,774.75 | $455.8B | |
| Dividend Yield | 0.00% | 0.41% | |
| Holdings | 1 | 108 | |
| YTD Return | -16.17% | +18.31% | |
| 1Y Return | -16.17% | +25.37% | |
| 3Y Return (annualized) | - | +25.79% | |
| 5Y Return (annualized) | - | +15.20% | |
| Volatility (annualized) | 54.8% | 30.6% | |
| Max Drawdown | -75.6% | -83.0% | |
| Fund Family | Leverage Shares | Invesco (US) | |
| Category | Alternative | Equity | |
| Inception | Jun 16, 2026 | Mar 10, 1999 |
FNG vs QQQ Performance
Leverage Shares 2X Long FN Daily ETF (FNG) is a ETF from Leverage Shares and Invesco QQQ Trust, Series 1 (QQQ) is a ETF from Invesco (US). Over the past year FNG returned -16.17% while QQQ returned +25.37%. Year to date, FNG is down 16.17% versus a gain of 18.31% for QQQ.
Risk: Volatility and Drawdowns
FNG has been the more volatile fund, with annualized monthly volatility of 54.8% compared with 30.6% 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 -75.6% for FNG and -83.0% for QQQ. Drawdown depth is worth weighing if you expect to sell during market stress rather than ride it out.
The two funds' monthly returns correlate at 0.52. They move independently enough that combining them can meaningfully diversify a portfolio.
Fees and Cost Over Time
FNG charges 0.99% per year while QQQ charges 0.18%. On a $10,000 position that is $99 vs $18 annually, a gap of $81 per year that compounds over a long holding period. On income, FNG currently yields 0.00% against 0.41% for QQQ.
Holdings Overlap
FNG and QQQ share 0 holdings out of 104 unique holdings combined, representing a 0.0% weight overlap.
Moderate overlap means holding both could provide meaningful diversification benefits.
Frequently Asked Questions
Which is cheaper, FNG or QQQ?
FNG has an expense ratio of 0.99% while QQQ charges 0.18%. QQQ is the cheaper option. On a $10,000 investment, that is $81 per year of difference.
Which performed better, FNG or QQQ?
Over the past year FNG returned -16.17% vs +25.37% for QQQ, so QQQ leads on 1-year performance. Over the longest common window we track (9 years), FNG annualized -6.93% vs +13.10% for QQQ. Past performance does not guarantee future results.
Which is riskier, FNG or QQQ?
FNG has been the more volatile fund at 54.8% annualized versus 30.6% for QQQ. Worst drawdown: FNG -75.6% vs QQQ -83.0%.
Should I hold both FNG and QQQ?
FNG and QQQ have a monthly-return correlation of 0.52, so combining them can provide real diversification depending on your allocation goals.
What is the holdings overlap between FNG and QQQ?
FNG and QQQ share 0 common holdings with a 0.0% weight overlap. Combined, they hold 104 unique securities.
Which pays a higher dividend, FNG or QQQ?
FNG yields 0.00% while QQQ yields 0.41%, so QQQ currently pays the higher dividend yield.
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