Direxion Daily NYSE FANG+ Bull 2X ETF
BThis fund multiplies its index's move each day and resets that multiple daily. Because daily returns compound, its long-run return can differ from the headline multiple.
$287.68−0.08 (−0.03%)
- 0.97%
- $124M
- +36.8%
- 8.59%
- 0M sh
- $288.50
- low $139.12high $291.50
The ETF.net FNGG Grade
B
Score 59 out of 100
- 12 of 99
Score 59 of 100 falls in the B band. A is 70 or higher, B 55 to under 70, C 40 to under 55, D 25 to under 40, F under 25.
Cost
The fund’s net expense ratio, ranked against its category.B57 out of 100Rank 42 of 99Mission
Whether the fund did what it promised, tested against its stated mandate.Risk
How the fund held up when markets fell: downside volatility, drawdowns and tail loss.B55 out of 100Rank 45 of 96Tradability
How easy the fund is to trade: daily volume, and how far its price strays from net asset value.B68 out of 100Rank 21 of 99Holdings
How concentrated the fund is, and how complete and current its disclosed holdings are.Durability
Whether the fund is likely to stay open, judged by its age, its assets and its issuer’s assets.B66 out of 100Rank 25 of 99
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
- 88%
- Nyfang Swap Asset Leg (Nyfangjpl)
Sectors
- Technology61.4%
- Communication28.8%
- Consumer Discretionary9.8%
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.
Not enough history yet.
FNGG$13,676
Returns run to the Oct 12, 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 | +40.7% |
| 1 month | +10.0% |
| 3 months | +21.2% |
| 1 year | +36.8% |
| 3 years | +63.9% |
| 5 years | +5.9% |
| 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 | +40.7% | |
| 2025 | +27.2% | |
| 2024 | +98.7% | |
| 2023 | +204.2% | |
| 2022 | −87.2% | |
| 2021 | −2.8% |
FNGG in the news
FNGG Dividends
- 8.59%
- $24.73
- $0.66 per share
- Quarterly
Distribution history
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.
- 45.4%
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.
- 1.26
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.
- 2.81
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
0.97%
FNGG0.97%
- The middle half of Leveraged Long (2x & Other) funds
- Median 1.00%
41 of the 95 Leveraged Long (2x & Other) funds charge less.
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- BWXETTeucrium 2x Daily Wheat ETFExpense ratio 0.95%1 year return +37.5%