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.
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 | 0.97% | 0.18%Best |
| AUM | $118M | $498.6B |
| Dividend Yield | 9.15% | 0.42% |
| Holdings | 36 | 321 |
| YTD Return | +44.91%Best | +24.32% |
| 1Y Return | +30.56%Best | +25.59% |
| 3Y Return (annualized) | +64.79%Best | +28.30% |
| 5Y Return (annualized) | +6.12% | +16.83%Best |
| Volatility (annualized) | 57.6% | 20.7%Best |
| Max Drawdown | -91.3% | -35.1%Best |
| $10,000 over 5 years | $13,458 | $21,766Best |
| 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 |
Not shown on this pair: Top 10 Weight.
Volatility and max drawdown are measured over the window both funds cover: Sep 30, 2021 to Oct 6, 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 +30.56% while QQQ returned +25.59%. Year to date, FNGG is up 44.91% versus a gain of 24.32% for QQQ.
Over three years, FNGG compounded at +64.79% per year against +28.30% for QQQ; over five years the annualized figures are +6.12% and +16.83% 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 0.97% per year while QQQ charges 0.18%. On a $10,000 position that is $97 vs $18 annually, a gap of $79 per year that compounds over a long holding period. On income, FNGG currently yields 9.15% against 0.42% for QQQ.
Holdings Overlap
At least 43.5% of QQQ's money is in holdings FNGG also owns.
Stated as a floor: for FNGG, our book for it covers 85.2% of that fund, so a holding it does not list is one we cannot count as shared. The real figure is this or higher.
The two portfolios partly overlap.
10 positions in common, counted across the 12 positions we hold weights for in FNGG and 102 in QQQ, against full books of 36 and 321.
Top Shared Holdings
| Stock | Weight in FNGG | Weight in QQQ | Difference |
|---|---|---|---|
| NVDANvidia Corp | 3.73% | 8.45% | 4.72% |
| AAPLApple, Inc | 4.08% | 7.80% | 3.72% |
| MSFTMicrosoft Corp | 4.83% | 5.88% | 1.05% |
| AMZNAmazon.Com Inc | 3.87% | 4.41% | 0.54% |
| MUMicron Technology, Inc. | 3.21% | 4.85% | 1.64% |
| METAMeta Platforms Inc | 4.25% | 3.07% | 1.18% |
| GOOGLAlphabet Inc,class A | 3.48% | 3.15% | 0.33% |
| PLTRPalantir Technologies Inc | 4.81% | 1.69% | 3.12% |
| AVGOBroadcom Inc | 3.18% | 2.74% | 0.44% |
| NFLXNetflix, Inc. | 3.78% | 1.44% | 2.34% |
43.5% of QQQ is already inside FNGG.
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 0.97% while QQQ charges 0.18%. QQQ is the cheaper option, by $79 a year on a $10,000 investment.
Which performed better, FNGG or QQQ?
Over the past year FNGG returned +30.56% vs +25.59% 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?
At least 43.5% of QQQ's money is in holdings FNGG also owns. Our book for FNGG is partial, so the real figure is this or higher. They hold 10 positions in common, counted across the 12 positions we hold weights for in FNGG and 102 in QQQ.
Which pays a higher dividend, FNGG or QQQ?
FNGG yields 9.15% 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. Which one suits a particular account depends on what it is for. This is information, not a recommendation.