FNGG vs QLD

FNGGCDirexion Daily NYSE FANG+ Bull 2X ETF

QLDAProShares Ultra QQQ

In short

FNGG Two-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.

QLD The 2x dial on the Nasdaq-100. QLD aims for twice the index's daily move, half the dose of the 3x crowd, and it has been running that playbook since 2006. The multiple resets every session.

Stated mandate

FNGG The fund seeks daily investment results, before fees and expenses, equal to 200% of the NYSE FANG+ Index for a single day.

QLD The fund seeks daily investment results, before fees and expenses, equal to twice the daily performance of the Nasdaq-100 Index.

Why people hold it

• FNGG 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.

• QLD Costs 0.89% net of a waiver through September 30, 2027 (0.96% gross), below the leveraged-bull category median and under Ultra stablemates ROM (0.93%) and DDM (0.95%).
• Hits its stated daily 2x mark with very little drift, one of the tighter implementations among the roughly 100 leveraged bull funds in its group.
• A multi-billion-dollar, actively traded fund, so entering and exiting rarely means hunting for the other side of the trade.
• Trading since June 2006, which makes it one of the longest-running leveraged equity funds on the US shelf rather than a recent product-shelf experiment.

Worth knowing

• FNGG 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.

• QLD The 2x objective covers one day only. Hold longer and daily resets plus compounding can push results away from twice the index's move over that stretch, in either direction.proshares.com
• Magnification runs both ways: a down day in the Nasdaq-100 lands on shareholders at roughly double size, same as an up day.
• Cheap for geared exposure, still well above a plain unleveraged Nasdaq-100 tracker. The waiver is set to lapse September 30, 2027, after which the 0.96% gross rate applies unless renewed.

Full FNGG profile⁠

Full QLD profile⁠