FNGO vs. QQQE - ETF Comparison
FNGO - MicroSectors FANG+ Index 2X Leveraged ETNs
The MicroSectors FANG+ Index 2X Leveraged ETNs tracks the NYSE FANG+ Index, providing 2x leveraged exposure to a basket of large-cap US technology and consumer discretionary stocks. The fund is designed for investors seeking aggressive growth and willing to take on higher risk.
QQQE - Direxion NASDAQ-100 Equal Weighted Index Shares
The Direxion NASDAQ-100 Equal Weighted Index Shares ETF offers a unique approach to tracking the NASDAQ-100 Index, with an equal weighting scheme that provides a more balanced portfolio compared to traditional market-capitalization weighted ETFs. This fund provides exposure to a diversified portfolio of large-cap US equities, with a significant tilt towards the technology sector.
| FNGO | QQQE | |
|---|---|---|
| Fund Name | MicroSectors FANG+ Index 2X Leveraged ETNs | Direxion NASDAQ-100 Equal Weighted Index Shares |
| Fund Provider | BMO Financial Group | Rafferty Asset Management |
| Index | NYSE FANG+ Index (-200%) | NASDAQ-100 Equal Weighted Index |
| Asset Class | Equity | Equity |
| Listing | US-listed | US-listed |
| Expense Ratio | 0.95% | 0.35% |
| Inception Date | 2018-08-01 | 2012-03-21 |
| Number Of Holdings | 10 | 102 |
| Currency | USD | USD |
| Region | United States | United States |
| Investment Style | Growth | Growth |
| Market Cap | Large-Cap | Large-Cap |
| Sector | Technology | Technology |
| Sector Detail | Software & Hardware | Software & Hardware |
| Leveraged | Leveraged | Non-leveraged |
Select Timeframe
Key Metrics
Performance Metrics
Risk Metrics
Detailed Returns
Benchmark Comparison
Key Metrics
Performance Metrics
Risk Metrics
Detailed Returns
Benchmark Comparison
Performance Analysis
The performance analysis examines historical data to assess the returns of the investment strategy, including key metrics such as Cumulative returns, End of Year (EoY) returns, and risk-adjusted returns like the Sharpe ratio or the Sortino ratio.
Cumulative Returns
End of Year Returns Table
End of Year Returns
Risk Analysis
The risk analysis refers to an assessment of potential negative events that could lead to a loss of capital. Conducting a risk analysis can help in deciding whether an investment should be made. This is done using risk metrics such as drawdowns, volatility and beta which reflect stakeholders' confidence in the consistency of an investment strategy.
Drawdowns
Drawdowns Table
Monte Carlo Simulation
The Monte Carlo simulation is a statistical method used to forecast portfolio returns by generating a wide range of potential outcomes through random sampling from historical asset price data. It helps investors assess the potential risk and return of a portfolio under various market conditions. The simulation takes into account the initial investment and optionally simulates cash flow scenarios like fixed contributions, fixed withdrawals, or percentage withdrawals.
IMPORTANT: The forecast generated through Monte Carlo simulations is purely hypothetical and does not guarantee future returns. Investment decisions should be made with consideration of various factors, and past performance is not indicative of future results.