FNGO vs QQQ
MicroSectors FANG+ Index 2X Leveraged ETN vs Invesco QQQ Trust, Series 1
Which is better, FNGO or QQQ?
Trading-Leveraged Equity against Large Cap Growth.
QQQ has a lower expense ratio. FNGO led over 3Y, 5Y and the full window, QQQ over 1Y. The two have moved almost in lockstep, correlation 0.90. QQQ is less concentrated, with 46.5% 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 | FNGO | QQQ |
|---|---|---|
| Expense Ratio | 0.95% | 0.18%Best |
| AUM | $769M | $483.5B |
| Dividend Yield | 0.00% | 0.44% |
| Holdings | 10 | 107 |
| YTD Return | +32.41%Best | +17.11% |
| 1Y Return | +22.80% | +23.99%Best |
| 3Y Return (annualized) | +56.14%Best | +24.62% |
| 5Y Return (annualized) | +25.30%Best | +14.23% |
| Volatility (annualized) | 56.0% | 20.6%Best |
| Max Drawdown | -78.4% | -35.1%Best |
| $10,000 over 5 years | $30,886Best | $19,449 |
| Top 10 Weight | 100.0% | 46.5%Best |
| Fund Family | BMO Capital Markets | Invesco (US) |
| Category | Alternative | Equity |
| Style | Trading-Leveraged Equity | Large Cap Growth |
| Inception | Aug 1, 2018 | Mar 10, 1999 |
Volatility and max drawdown are measured over the window both funds cover: Aug 2, 2018 to Sep 9, 2026 (8.1 years).
FNGO 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 8.1 years both funds cover.
FNGO vs QQQ Performance
MicroSectors FANG+ Index 2X Leveraged ETN (FNGO) is an ETF from BMO Capital Markets and Invesco QQQ Trust, Series 1 (QQQ) is an ETF from Invesco (US). Over the past year FNGO returned +22.80% while QQQ returned +23.99%. Year to date, FNGO is up 32.41% versus a gain of 17.11% for QQQ.
Over three years, FNGO compounded at +56.14% per year against +24.62% for QQQ; over five years the annualized figures are +25.30% and +14.23% respectively. Across the full 8-year window we track, FNGO has the edge at +39.17% annualized vs +19.09%.
Past performance does not guarantee future results.
Risk: Volatility and Drawdowns
FNGO has been the more volatile fund, with annualized monthly volatility of 56.0% compared with 20.6% 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 -78.4% for FNGO 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 0.90. They move almost in lockstep, so holding both mostly duplicates the same exposure.
Fees and Cost Over Time
FNGO charges 0.95% per year while QQQ charges 0.18%. On a $10,000 position that is $95 vs $18 annually, a gap of $77 per year that compounds over a long holding period. On income, FNGO currently yields 0.00% against 0.44% for QQQ.
Holdings Overlap
100.0% of FNGO's money is in holdings QQQ also owns. 42.8% of QQQ's money is in holdings FNGO also owns.
Most of FNGO 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 FNGO and 102 in QQQ, against full books of 10 and 107.
What only one of them owns
Measured across the 10 and 102 positions we hold weights for.
QQQ holds 85 positions FNGO does not, 54.2% of the fund.
Largest: AMD 3.45%, GOOG 3.13%, TSLA 2.56%, WMT 2.41%, INTC 2.23%
Top Shared Holdings
| Stock | Weight in FNGO | Weight in QQQ | Difference |
|---|---|---|---|
| NVDANvidia Corp. | 10.25% | 8.44% | 1.81% |
| MSFTMicrosoft Corp | 11.82% | 5.76% | 6.06% |
| AAPLApple, Inc | 9.63% | 7.27% | 2.36% |
| AMZNAmazon.Com Inc | 10.26% | 4.67% | 5.59% |
| PLTRPalantir Technologies Inc | 12.32% | 1.60% | 10.72% |
| MUMicron Technology, Inc. | 9.04% | 4.43% | 4.61% |
| AVGOBroadcom Inc | 9.31% | 3.16% | 6.15% |
| GOOGLAlphabet Inc,class A | 8.82% | 3.36% | 5.46% |
| METAMeta Platform Inc | 9.35% | 2.78% | 6.57% |
| NFLXNetflix,inc | 9.21% | 1.37% | 7.84% |
100.0% of FNGO 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, FNGO or QQQ?
FNGO has an expense ratio of 0.95% while QQQ charges 0.18%. QQQ is the cheaper option, by $77 a year on a $10,000 investment.
Which performed better, FNGO or QQQ?
Over the past year FNGO returned +22.80% vs +23.99% for QQQ, so QQQ leads on 1-year performance. Over the longest common window we track (8 years), FNGO annualized +39.17% vs +19.09% for QQQ. Past performance does not guarantee future results. This is information, not a recommendation.
Which is riskier, FNGO or QQQ?
FNGO has been the more volatile fund at 56.0% annualized versus 20.6% for QQQ. Worst drawdown: FNGO -78.4% vs QQQ -35.1%.
Should I hold both FNGO and QQQ?
FNGO and QQQ have a monthly-return correlation of 0.90, so they move almost identically. What is left to separate them is the fee and the index each one tracks. This is information, not a recommendation.
What is the holdings overlap between FNGO and QQQ?
100.0% of FNGO's money is in holdings QQQ also owns. 42.8% of QQQ's is in holdings FNGO also owns. They hold 10 positions in common, counted across the 10 positions we hold weights for in FNGO and 102 in QQQ.
Which pays a higher dividend, FNGO or QQQ?
FNGO yields 0.00% while QQQ yields 0.44%, so QQQ currently pays the higher dividend yield.
Is QQQ better than FNGO?
QQQ has a lower expense ratio. FNGO led over 3Y, 5Y and the full window, QQQ over 1Y. The two have moved almost in lockstep, correlation 0.90. QQQ is less concentrated, with 46.5% 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.