Direxion Daily NYSE FANG+ Bull 2X ETF
$279.36−4.55 (−1.60%)
- Expense ratio
- 0.97%
- Fund size
- $115M
- 1Y return
- +23.5%
- Yield · Last 12 months
- 8.60%
- Holdings
- 18
- Volume · 30D
- 0M sh
- NAV per share
- $266.87
- 52W range
The ETF.net FNGG Grade
Score 59 of 100 sits in the B band. Bands: A ≥ 70, B ≥ 55, C ≥ 40, D ≥ 25, F < 25; the scale skips E.
Cost
What you pay to own it — the expense ratio plus trading frictions, ranked within its category.BScore 57Category rankMission
How faithfully it does the job it claims — tracking its mandate or index with minimal slippage.Not scoredRisk
How violently it can move — volatility, drawdown depth, and downside capture versus its category.BScore 55Category rankTradability
How cheaply and easily you can get in and out — liquidity, spread, and premium/discount stability.BScore 67Category rankHoldings
What it actually owns — the quality, breadth, and concentration of the underlying portfolio.Not scoredDurability
Whether it will still be here — the fund’s assets, age, flows, and issuer staying power.BScore 65Category rank
Our read on FNGG
BTwo-times daily exposure to the NYSE FANG+ Index in one ticker, priced under the typical leveraged fund. Like every daily-reset product, the math is built around a single trading day at a time.
The fund seeks daily investment results, before fees and expenses, equal to 200% of the NYSE FANG+ Index for a single day.
Why people hold it
- At 0.97%, the fee sits under the 1.04% median for leveraged bull funds, a corner of the market where costs usually run high.
- The mandate is spelled out: 200% of the NYSE FANG+ Index for a single day, before fees. No margin account, no borrowing, no overnight call from a broker.direxion.com
- Direxion has run leveraged funds since long before this one launched in 2021, and FNGG lands in the top quartile of a crowded leveraged-bull field on our review.
Worth knowing
- The leverage resets every day. Hold past one session and your result can drift from 2x the index's move over that stretch, with choppy markets doing the most damage.
- Doubling works in both directions: a down day in the index arrives here at roughly twice the size.
- Trades lighter than the giants of the leveraged shelf, so spreads can widen. Limit orders do more work here than on a heavily traded fund.
FNGG Holdings
- Stocks
- 18
- 87%
- NYFANG SWAP ASSET LEG (NYFANGJPL)
Sectors
- Technology62.4%
- Communication27.6%
- Consumer Discr.10.1%
Geography
- United States100.00%
FNGG Performance
Shows how $10,000 changes over the selected period, with cash distributions reinvested at the closing price on each ex-dividend date.
Returns run to the Sep 22, 2026 close, with cash distributions reinvested. Each period starts on the same date that many months or years earlier. Periods over one year show the average yearly return.
| Period | FNGG |
|---|---|
| Year to date | +38.4% |
| 1 month | +10.5% |
| 3 months | +24.6% |
| 1 year | +23.5% |
| 3 years | +68.6% |
| 5 years | — |
| 10 years | — |
Calendar-year total return with cash distributions hypothetically reinvested at the ex-dividend date’s closing price. The current year shows year to date.
| Year | Return bar | FNGG |
|---|---|---|
| 2026 YTD | +38.4% | |
| 2025 | +27.2% | |
| 2024 | +98.7% | |
| 2023 | +204.2% | |
| 2022 | −87.2% | |
| 2021 | −2.8% |
FNGG in the news
ETF.net Research hasn’t filed on FNGG yet — coverage lands here as it’s written.
FNGG Dividends
- 8.60%
- $24.41
- $0.67 per share
- Quarterly
Distribution history
| Ex-date | Pay date | Amount per share |
|---|---|---|
| Jun 23, 2026 | Jun 30, 2026 | $0.67 |
| Mar 24, 2026 | Mar 31, 2026 | $0.49 |
| Dec 23, 2025 | Dec 31, 2025 | $0.18 |
| Dec 10, 2025 | Dec 17, 2025 | $22.73 |
| Sep 23, 2025 | Sep 30, 2025 | $0.33 |
| Jun 24, 2025 | Jul 1, 2025 | $0.64 |
| Mar 25, 2025 | Apr 1, 2025 | $0.64 |
| Dec 23, 2024 | Dec 31, 2024 | $0.22 |
| Sep 24, 2024 | Oct 1, 2024 | $0.36 |
| Jun 25, 2024 | Jul 2, 2024 | $0.46 |
| Mar 19, 2024 | Mar 26, 2024 | $0.39 |
| Dec 21, 2023 | Dec 29, 2023 | $0.34 |
FNGG Risk
This fund targets a multiple of the daily move of its index and resets daily. Hold it longer than one reset and compounding makes the return diverge from that target. In choppy markets it can lose value even when the index ends flat.
- 46.4%
How it’s calculated: standard deviation
The sample standard deviation of monthly total returns, multiplied by the square root of 12.
Uses up to 36 complete months, with at least 12 required. Total returns include reinvested distributions.
- 1.12
How it’s calculated: Sharpe ratio
Subtract each month’s Treasury-bill return from the fund’s monthly total return.
Divide the average of those excess returns by their sample standard deviation, then multiply by the square root of 12.
Uses up to 36 complete months, with at least 12 required. Each month uses the Treasury yield quoted at the end of the previous month.
- −91.3%
How it’s calculated: maximum drawdown
The largest percentage decline from an earlier peak, using total returns with reinvested distributions.
Uses up to five years through the last close, with at least 12 months required.
- 2.82
How it’s calculated: beta
The beta figure is supplied by FMP. The comparison index depends on the fund’s broad asset class.
FNGG Cost
- The middle half of Leveraged Long (2x & Other) funds
- Median 0.99%
41 of the 93 Leveraged Long (2x & Other) funds charge less.