FNGD vs TQQQ ETF Comparison
Compare FNGD and TQQQ across fund costs, diversification, holdings, performance, income, risk and current AlgovestIQ evidence.
What is the main difference between FNGD and TQQQ?
FNGD is MicroSectors FANG+ Index -3X Inverse Leveraged ETN, while TQQQ is ProShares UltraPro QQQ. FNGD is tied to Equity; TQQQ is tied to Equity. TQQQ is broader by holdings count, with 103 positions versus 10 for FNGD. FNGD is more concentrated at the top, based on top-10 holdings weight.
| Metric | FNGD | TQQQ | Type |
|---|---|---|---|
| Expense ratio | 0.95% | 0.97% | Fund |
| Assets under management | $406M | $35.1B | Fund |
| Holdings | 10 | 103 | Fund |
| Top-10 concentration | 130% | 45.6% | Fund |
| Average volume | 2,335,583 | 49,280,605 | Fund |
| Underlying exposure | Equity | Equity | Fund |
| Annualized volatility | 68% | 58.5% | Risk |
| Max drawdown | -70.2% | -37.2% | Risk |
| Beta | -4.45 | 4.25 | Risk |
| Sharpe ratio | -0.94 | 1.05 | Risk |
| Sortino ratio | -1.41 | 1.56 | Risk |
| AIQ Score | 35/100 | 46/100 | AlgovestIQ |
| AIQ Edge Score | 1/10 | 3/10 | AlgovestIQ |
| Momentum | 36/100 | 52/100 | AlgovestIQ |
| Risk Resilience | 1/100 | 13/100 | AlgovestIQ |
AlgovestIQ AIQ Comparison
MicroSectors FANG+ Index -3X Inverse Leveraged ETN vs ProShares UltraPro QQQ
TQQQ leads
TQQQ leads by 11 AIQ points, primarily on Quality and Momentum, but the lead has narrowed from 18 points over 30 sessions.
Fragile: 3 of 4 evidence groups support TQQQ, its lead is narrowing, and its current signal state is conflicted.
MicroSectors FANG+ Index -3X Inverse Leveraged ETN
ProShares UltraPro QQQ
The Algovestiq AIQ Score currently favors TQQQ over FNGD, 46 versus 35 as of Sep 5, 2026. TQQQ's advantage is driven primarily by stronger quality and momentum, while FNGD holds the stronger value profile. TQQQ also shows the stronger technical structure relative to its 50-day moving average. 3 of 4 covered evidence groups favor TQQQ today, and the comparison is rated Fragile on stability: the leader's advantage has been narrowing. TQQQ lead: Weakening — the AIQ differential moved from 18 to 11 points over 30 sessions.
Compare MicroSectors FANG+ Index -3X Inverse Leveraged ETN and ProShares UltraPro QQQ across performance, expense ratio, dividend yield, drawdown, volatility and the Algovestiq AIQ Score.
Compare FNGD and TQQQ against another ticker
Open a multi-ticker workspace without changing this focused pair page.
AIQ Factor Divergence
Where the two separate, on the four dimensions behind the AIQ Score. Bars read outward from a shared zero: further from the centre is a wider gap.
- Quality30%51 vs 77TQQQ +26
- Momentum25%36 vs 52TQQQ +16
- Risk Resilience15%1 vs 13TQQQ +12
- Value30%36 vs 28FNGD +8
3 of 4 evidence groups favor TQQQ. TQQQ’s edge is concentrated in quality and momentum; FNGD keeps a meaningful value edge.
What changed since the last close
Latest scored session 2026-09-03, compared against the prior scored session 2026-09-02.
Largest factor move: Momentum -12
New signals
- 52-Week Low Proximity — bearish, risk, long horizon (0.4%)
Largest factor move: Momentum +21
New signals
- Uptrend Structure Active — bullish, trend, long horizon
TQQQ's lead widened by 9 AIQ points in the latest snapshot.
Deeper signal detail for each name lives on its own signals page — FNGD and TQQQ both carry a full feed there.
The central trade-off
TQQQ (ProShares UltraPro QQQ): the stronger current systematic profile, led by quality and momentum.
FNGD (MicroSectors FANG+ Index -3X Inverse Leveraged ETN): the counter-case, on value, valuation — but at materially higher volatility, 48.7% against 40.2%.
Which one fits your objective
The same two names rank differently depending on what you are optimizing for. All six reads are shown at once — none of them is hidden behind a toggle.
Balanced
TQQQTQQQ on the overall AIQ Score, which weights Quality and Value at 30% each.
Growth
EvenGrowth figures are not covered for both names.
Value
FNGDFNGD on the peer-relative Value factor, by 8 points.
Momentum
TQQQTQQQ on the Momentum factor, by 16 points.
Lower downside
TQQQTQQQ on Risk Resilience, by 12 points.
Analyst upside
EvenAnalyst targets are level or not covered for both names.
Fund facts, side by side
Two funds tracking overlapping universes are separated by cost and risk far more than by holdings. Those lead here.
| Measure | FNGD | TQQQ | Why it matters |
|---|---|---|---|
| Expense ratio | 0.95% | 0.97% | Lower is better — it compounds against you every year you hold. |
| Assets under management | $406M | $35.1B | Larger funds generally carry tighter spreads. |
| Holdings | 10 | 123 | More holdings means broader diversification, not better returns. |
| Average volume | 2,335,583 | 49,280,605 | Liquidity — matters most if you trade size. |
| Annualized volatility | 68% | 58.5% | Lower is a steadier ride for the same exposure. |
| Max drawdown | -70.2% | -37.2% | The worst peak-to-trough loss on record for the fund. |
| Sharpe ratio | -0.94 | 1.05 | Return per unit of risk. Higher is better. |
| Beta | -4.45 | 4.25 | Sensitivity to the broad market. Neither direction is better — it depends on the role in your portfolio. |
Where the exposure actually sits
FNGD and TQQQ share 15.26% of their weighted exposure across 6 common holdings.
FNGD is the more concentrated of the two: its ten largest positions are 130% of the fund, against 45.62% for TQQQ (10 holdings vs 103). Concentration cuts both ways — it is what drives outperformance when the top names work, and what makes the drawdown deeper when they do not.
4 holdings are unique to FNGD and 97 to TQQQ. Owning both is genuinely additive — most of the capital sits in different securities.
Largest shared positions
| Holding | FNGD | TQQQ | Shared |
|---|---|---|---|
| AAPLApple | 20% | 5.75% | 5.75% |
| AMZNAmazon | 20% | 3.32% | 3.32% |
| NVDANVIDIA | 10% | 3.3% | 3.3% |
| GOOGLAlphabet | 10% | 1.19% | 1.19% |
| TSLATesla | 10% | 1.12% | 1.12% |
| NFLXNetflix | 10% | 0.57% | 0.57% |
Shared weight is the lower of the two positions — the portion of capital both funds genuinely have in the same security.
ETF comparison questions
Short answers to the fund-specific questions behind this comparison.
Which ETF is more diversified, FNGD or TQQQ?
TQQQ currently has more reported holdings, with 103 positions versus 10.
Which has the lower expense ratio?
FNGD has the lower reported expense ratio in the current fund profile.
Which ETF has the higher distribution yield?
The current dataset does not show a higher-yield winner.
Which ETF has been more volatile?
FNGD has the higher annualized volatility in the current risk snapshot.
Which ETF has had the smaller drawdown?
TQQQ has the less severe max drawdown in the current risk snapshot.
Which ETF has the stronger current AlgovestIQ evidence?
TQQQ currently leads on supporting AlgovestIQ evidence, 46 to 35.
AIQ Agreement Matrix
3 of 4 covered evidence groups favor TQQQ. A wide gap backed by one group is a weaker case than a narrow gap backed by five.
| Evidence group | Favors | Reading |
|---|---|---|
| AIQ Score | TQQQ | 35 vs 46 |
| Fundamentals | Not covered | Not covered |
| Valuation | FNGD | Value 36 vs 28 |
| Technicals | TQQQ | Price vs 50-day -17.1% vs 1.1%; vs 200-day -45.8% vs 17.3% |
| Risk Resilience | TQQQ | Risk Resilience 1 vs 13 |
| Analyst expectations | Not covered | Not covered |
✓ agrees with the overall verdict · ✕ points the other way. Groups marked “not covered” lack data on one or both of FNGD and TQQQ and are excluded from the count.
AIQ Decision Stability
The conclusion is sensitive to small changes. Treat the lead as provisional and watch the flip conditions below.
- The AIQ gap is moderate at 11 points.
- The leader's advantage has been narrowing. (argues the conclusion is provisional)
- The lead has swung materially session to session. (argues the conclusion is provisional)
- The leader is throwing conflicting signals. (argues the conclusion is provisional)
Stability combines the score gap, how broadly the evidence agrees, how steady the lead has been across daily snapshots, the current signal state on both names, and analyst dispersion on TQQQ.
How the comparison changed
120 daily snapshots · Apr 22 – Sep 3TQQQ lead: Weakening — the AIQ differential moved from 18 to 11 points over 30 sessions.
- Today
- TQQQ +11
- 35 vs 46
- 7 sessions ago
- TQQQ +6
- 37 vs 43
- 30 sessions ago
- TQQQ +18
- 32 vs 50
- 90 sessions ago
- TQQQ +13
- 34 vs 47
The lead changed hands 4 times in this window, most recently on Jul 30 when TQQQ moved ahead of FNGD.
AIQ Signal Divergence
Only the signals that bear on the head-to-head. A conflicted name is carrying bullish and bearish rules at the same time — the technical evidence is not pointing one way.
1 bullish / 3 bearish / 2 neutral, conflicted
- Death Cross Active — bearish, trend, long horizon (48.71%)
- Bollinger Band Squeeze — neutral, volatility, short horizon
- 52-Week Low Proximity — bearish, risk, long horizon (0.4%)
2 bullish / 1 bearish / 1 neutral, conflicted
- Golden Cross Active — bullish, trend, long horizon (16.59%)
- Uptrend Structure Active — bullish, trend, long horizon
- ATR Expansion - Breakout Mode — neutral, volatility, short horizon (4.05%)
TQQQ leads the comparison while carrying a conflicted signal state, which is one reason the stability rating is not higher.
Price vs model alignment
Whether the latest session's price move confirms what the model did over the same session, or contradicts it.
Price is up while the AIQ Score moved down 4 points over the same session — price and model disagree (price +2.98%, AIQ -4 points).
Price and the AIQ Score both moved up over the latest session (price +0.47%, AIQ +5 points).
What would flip this result
A state, not a forecast. These are the specific, observable changes that would reverse the verdict — not a price prediction.
- 1FNGD closes the Quality gap — currently 26 points behind, the largest single contributor to TQQQ's edge.
- 2FNGD's Death Cross Active resolves — a bearish trend rule currently active against it.
- 3TQQQ's conflicting signal state resolves bearish — it currently carries 2 bullish and 1 bearish rules at once.
- 4The narrowing continues — the lead has already given back 7 points over 30 sessions, and a further 11-point move would eliminate TQQQ's advantage entirely.
The full evidence
Every number behind the verdict. The leader is called above each group so you are not left to solve it from the table.
Technicals
TQQQ has the stronger structure| Metric | FNGD | TQQQ |
|---|---|---|
| RSI (14) | 43 | 38.5 |
| ADX (14) | 23.1 | 12.4 |
| Price vs 50-day | -17.1% | 1.1% |
| Price vs 200-day | -45.8% | 17.3% |
| Volatility (1M, annualized) | 48.7% | 40.2% |
Risk
TQQQ is the more resilient| Metric | FNGD | TQQQ |
|---|---|---|
| Beta | -4.45 | 4.25 |
| Sharpe ratio | -0.94 | 1.05 |
| Sortino ratio | -1.41 | 1.56 |
| Max drawdown | -70.2% | -37.2% |
| Current drawdown | -70.2% | -17.4% |
| Annualized volatility | 68% | 58.5% |
| Value at risk (95%) | -7.9% | -5.8% |
Straight answers
Each answer is regenerated from the current snapshot, not written once and left to age.
Which is better, FNGD or TQQQ?
On the Algovestiq AIQ Score, TQQQ is the stronger of the two as of Sep 5, 2026, scoring 46 against FNGD's 35. The edge comes from quality and momentum. FNGD is not without a case — it holds the better value profile, which matters more if that is the objective you are optimizing for. This is a systematic score, not a recommendation: it ranks the two on the same evidence, it does not know your holding period or tax position.
Is FNGD or TQQQ the better buy right now?
TQQQ carries the stronger systematic profile as of Sep 5, 2026, and the comparison is rated Fragile — 3 of 4 covered evidence groups agree. A Fragile rating means the conclusion is sensitive: the leader's advantage has been narrowing. Treat the lead as provisional.
Why does the AIQ Score favor TQQQ over FNGD?
The composite weights Quality at 30%, Value at 30%, Momentum at 25% and Risk Resilience at 15%. TQQQ leads Quality by 26 points; TQQQ leads Momentum by 16 points; TQQQ leads Risk Resilience by 12 points. Where the two split, the factor with the larger weight carries the result.
Which is better value, FNGD or TQQQ?
FNGD is the better-valued of the two on the peer-relative Value factor. FNGD on the peer-relative Value factor, by 8 points. The Value factor reads valuation relative to sector peers and to the company's own fundamental quality, so it is not the same as simply having the lower multiple.
Which has stronger growth, FNGD or TQQQ?
Growth figures are not covered for both names. Growth here is measured on reported revenue and earnings, not on forward estimates — it describes what the businesses have delivered, not what the Street expects next.
Which has stronger momentum, FNGD or TQQQ?
TQQQ on the Momentum factor, by 16 points. Momentum carries 25% of the AIQ composite. It has documented persistence over three- to twelve-month horizons, which makes it a timing input rather than a reason to hold something indefinitely.
Which is riskier, FNGD or TQQQ?
TQQQ is the more resilient of the two, so the other name carries the higher downside risk. TQQQ on Risk Resilience, by 12 points. The Risk Resilience factor weights 15% of the composite; position sizing usually responds to it more usefully than the buy/avoid decision does.
Is FNGD more profitable than TQQQ?
Margin data is not comparable for both names in the current snapshot.
Is TQQQ's lead over FNGD getting stronger or weaker?
TQQQ lead: Weakening — the AIQ differential moved from 18 to 11 points over 30 sessions. This is measured from 120 daily comparison snapshots between 2026-04-22 and 2026-09-03. The lead has changed hands 4 times in that window, most recently on 2026-07-30, when TQQQ moved ahead of FNGD.
What would change the FNGD vs TQQQ verdict?
The result is a state, not a forecast, so it changes when the underlying evidence changes. Concretely: FNGD closes the Quality gap — currently 26 points behind, the largest single contributor to TQQQ's edge; FNGD's Death Cross Active resolves — a bearish trend rule currently active against it; TQQQ's conflicting signal state resolves bearish — it currently carries 2 bullish and 1 bearish rules at once; the narrowing continues — the lead has already given back 7 points over 30 sessions, and a further 11-point move would eliminate TQQQ's advantage entirely.
What do the current signals say about FNGD and TQQQ?
FNGD: 1 bullish / 3 bearish / 2 neutral, conflicted. TQQQ: 2 bullish / 1 bearish / 1 neutral, conflicted. A conflicted state means bullish and bearish rules are active on the same name at once — the technical evidence is not pointing one way, and a decision taken on it carries more timing risk. The most decision-relevant rule on FNGD is Death Cross Active (bearish, long horizon). On TQQQ it is Golden Cross Active (bullish, long horizon).
Compare FNGD and TQQQ with others
How this comparison is scored
The Algovestiq AIQ Score composites four factors — Quality (30%), Value (30%), Momentum (25%) and Risk (15%). Sentiment is reported separately as SentimentPulse and is not folded into the composite. Scores refresh every trading day, and this page regenerates from the latest snapshot rather than being written once.
The verdict names a leader, states how broadly six independent evidence groups agree, and rates how durable that conclusion is given the score gap, its recent trajectory and the current signal state on both names.
How to use side-by-side comparison →This comparison is informational and educational, not investment advice. AIQ scores update daily; re-check after earnings, guidance or macro data that materially changes either name’s factor profile.