FNGG vs ROM: Grades, Fees and Holdings Compared

Direxion Daily NYSE FANG+ Bull 2X ETF

FNGGCNYSE Arca

ProShares Ultra Technology

ROMANYSE Arca

Overlap

11.1%by weight

Expense ratio

ROM −0.04pt a year

FNGG0.97%ROM0.93%

Avg volume · 30D

ROM 11.5×the volume

FNGG4.14KROM47.7K

5Y return · a year

ROM +19.1pt

FNGG−1.4%ROM+17.7%

FNGG vs ROM Performance

Oct 29, 2021 – Oct 30, 2026

−7.0%FNGG+126.1%ROM

Expense ratio: FNGG 0.97%; ROM 0.93%, better
Fund size: FNGG $106M; ROM $1.15B
1Y total return: FNGG −2.9%; ROM +26.5%, better
Yield (12M): FNGG 10.72%, better; ROM 0.03%
Holdings: FNGG 18; ROM 85
Avg volume (30D): FNGG 4.14K sh; ROM 47.7K sh, better
NAV per share: FNGG $245.50; ROM $132.18
52W range

ETF.net Grade

Pillar letters and Scores for FNGG, ROM, with each pillar’s weight
Pillar	FNGG	ROM
Cost30% weight	D29	A70Higher
Mission25% weight	Not scored	Not scored
Risk15% weight	C52	B56Higher
Tradability15% weight	B62	A88Higher
Holdings10% weight	Not scored	Not scored
Durability5% weight	B65	A81Higher

Rank among Leveraged Long (2x & Other) funds

How we build Categories ›

Same Category. FNGG and ROM are both graded against the same 95 Leveraged Long (2x & Other) funds, so their Grades compare head to head.

Leveraged Long (2x & Other)⁠

Category · 95 funds

See all 95 ›

ROM ranks 3rd and FNGG 34th of 95 funds in the Leveraged Long (2x & Other) Category.

Rank 1AQLDProShares Ultra QQQScore 77
Rank 2AUYGProShares Ultra FinancialsScore 74
Rank 3AROMProShares Ultra TechnologyScore 71
Rank 4BDDMProShares Ultra Dow30Score 69
Rank 33CAIBUDirexion Daily AI and Big Data Bull 2X ETFScore 45
Rank 34CFNGGDirexion Daily NYSE FANG+ Bull 2X ETFScore 44
Rank 35CGLDWRoundhill Gold WeeklyPay ETFScore 42

Our read on each fund

ETF.net Research

FNGGCDirexion Daily NYSE FANG+ Bull 2X ETF

ROMAProShares Ultra Technology

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.

ROM The original 2x tech trade. Since 2007, ROM has aimed at twice the daily move of the S&P 500's technology sector: a double dose in a category now stacked with triples.

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.

ROM ROM seeks daily investment results, before fees and expenses, corresponding to twice the daily performance of the S&P Technology Select Sector SM 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.

ROM Two times, not three. A 2x daily target means smaller swings and less compounding drag than a 3x fund chasing the same sector.sec.gov
Live since January 2007, so it has run through the 2008 crash and the full tech cycle since. Long mileage is rare in geared funds.
0.93% a year, flat, with no waiver propping it up. Peer QLD runs 0.89%, but only net of a waiver through September 30, 2027.
One of the strongest implementations in the leveraged-bull pack, from an issuer that has run geared funds since the category's early days.proshares.com

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.

ROM The 2x target resets at each close, so results over weeks or months depend on the path the sector takes, not just where it ends up.sec.gov proshares.com
Trades thinner than the category's headline names, so spreads and limit orders matter, especially in size.
About 80 tech names from the S&P 500. That is one concentrated sector bet, doubled, in both directions.

Full FNGG profile⁠

Full ROM profile⁠

FNGG vs ROM Holdings

How FNGG and ROM differ

Overlap by weight

11.1%

Shared holdings make up 33.3% of ROM and 11.6% of FNGG.

Level by level

Holdings6 in both11.1%
Sector5 Sectors61.4%
Countryby domicile99.4%
Asset classEquity100%

Sector

Sector weights in FNGG and ROM, widest gap first
Sector	More in FNGGMore in ROM	FNGG	ROM
Technology	ROM +33.7 points	61.4%	95.1%
Communication	FNGG +28.8 points	28.8%	0.0%
Consumer Discretionary	FNGG +9.8 points	9.8%	0.0%
Financials	ROM +4.8 points	0.0%	4.8%
Energy	ROM +0.1 points	0.0%	0.1%

Country, concentration and asset class

Country by domicile

Country weights in FNGG and ROM, widest gap first
Country	More in FNGGMore in ROM	FNGG	ROM
United States	FNGG +0.6 points	100.0%	99.4%
Other countries (2)	ROM +0.6 points	0.0%	0.6%

Concentration

Weight in the 10 largest Holdings

FNGG87.5%
ROM70.0%

Securities held

FNGG12
ROM84

Asset class

FNGG: Equity
ROM: Equity

Holdings

Only in FNGG6
In both6
Only in ROM78

Only in FNGG

6 securities, 13.9% of FNGG by weight

Goldman Finl Sq Trsry Inst 5066.99%
Amazon.com Inc1.83%
Meta Platforms Inc-Class A1.71%
Alphabet Inc-Cl A1.53%
Netflix Inc1.50%
Goldman Sachs Fin Gov 465 Institut0.37%

Only in ROM

78 securities, 37.6% of ROM by weight

Proshares Genius Mny Mkt Etf3.23%
Advanced Micro Devices2.83%
Cisco Systems Inc1.58%
TREASURY BILL, 0%, due 2027-01-121.47%
TREASURY BILL, 0%, due 2026-12-241.39%
Intel Corp1.25%
Applied Materials Inc1.19%
Lam Research Corp1.15%
Palo Alto Networks Inc1.14%
Texas Instruments Inc1.05%
Crowdstrike Holdings Inc - A0.98%
TREASURY BILL, 0%, due 2026-12-290.95%
Intl Business Machines Corp0.93%
Oracle Corp0.87%
Kla Corp0.79%
Analog Devices Inc0.78%
Amphenol Corp-Cl A0.75%
Salesforce Inc0.72%
TREASURY BILL, 0%, due 2026-12-170.70%
Arista Networks Inc0.68%
Qualcomm Inc0.67%
Marvell Technology Inc0.66%
Sandisk Corp0.64%
Accenture Plc-Cl A0.61%
Seagate Technology Holdings0.56%
Western Digital Corp0.51%
Dell Technologies -C0.49%
TREASURY BILL, 0%, due 2026-11-100.44%
TREASURY BILL, 0%, due 2026-12-030.44%
Servicenow Inc0.42%
Adobe Inc0.38%
Corning Inc0.37%
Intuit Inc0.36%
Cadence Design Sys Inc0.35%
Synopsys Inc0.34%
Fortinet Inc0.32%
Motorola Solutions Inc0.31%
Datadog Inc - Class A0.30%
Lumentum Holdings Inc0.29%
Hewlett Packard Enterprise0.28%
Nxp Semiconductors NV0.25%
Te Connectivity PLC0.24%
Monolithic Power Systems Inc0.23%
Autodesk Inc0.20%
Keysight Technologies In0.20%
Roper Technologies Inc0.18%
Ciena Corp0.17%
Teradyne Inc0.16%
Everpure Inc-A0.16%
Microchip Technology Inc0.16%

Weight gaps

All 6 Holdings in both funds, largest gap first.

Holding weights in FNGG and ROM, widest gap first
Holding	More in FNGGMore in ROM	FNGG	ROM
Apple IncAAPL	ROM +7.59 points	1.94%	9.53%
NVIDIA CorpNVDA	ROM +7.54 points	1.84%	9.38%
Microsoft CorpMSFT	ROM +5.34 points	2.00%	7.34%
Broadcom IncAVGO	ROM +1.06 points	1.88%	2.94%
Micron Technology IncMU	ROM +0.65 points	1.86%	2.51%
Palantir Technologies Inc-APLTR	FNGG +0.46 points	2.08%	1.62%

All 18 FNGG holdings⁠All 80 ROM holdings⁠

How we measure overlap

Each holding counts at its smaller weight in the two funds, summed over the full Holdings. Sector, country and asset class use the same rule on each fund’s split. Cash, FX and derivative lines stay out of the counts. Two bond funds get no overlap figure.

FNGG vs ROM Cost

Overpaying FNGG vs ROM

$659

On $10,000 over 30 years. 7% growth a year before fees, expense ratio only.

FNGG 0.97%
$18,198
ROM 0.93%
$17,539

Amount$10,000

Years30 years

Cost over time

FNGG 0.97%
ROM 0.93%
Overpaying

Year by year

Year	FNGG	ROM	Overpaying
10	$1,712	$1,644	$68
20	$6,443	$6,199	$244
30	$18,198	$17,539	$659

Expense ratio

0.97%FNGG
0.93%ROM, cheaper

ROM0.93%FNGG0.97%

0.20%2.19%

Middle half of Leveraged Long (2x & Other) funds
Median 0.95%

ROM 29th cheapest of 95 funds

FNGG 68th cheapest of 95 funds

FNGG vs ROM Dividends

Last 12 months to Oct 30, 2026

Yield (12M): FNGG 10.72%, better; ROM 0.03%
Payout (12M): FNGG $24.73; ROM $0.04
Last payment: FNGG $0.66; ROM $0.02
Ex-dividend: FNGG Sep 22, 2026; ROM Mar 25, 2026
Paid on: FNGG Sep 29, 2026; ROM Mar 31, 2026
Frequency: FNGG Quarterly; ROM Quarterly

Distribution history

Per share, 2017 to 2026, same scale for both

FNGGQuarterly · 17 paymentsAll FNGG payments⁠

ROMQuarterly · 19 paymentsAll ROM payments⁠

FNGG vs ROM Risk

Fall from peak · 5 years

FNGG
ROM

Risk facts

VolatilityStd dev, 3 years: FNGG 46.8%, betterROM 49.3%
Return per unit of riskSharpe ratio, 3 years: FNGG 1.14, betterROM 0.97
Worst fallMax drawdown, 5 years: FNGG −91.3%ROM −67.6%, better
Market sensitivityBeta, 5 years: FNGG 2.81ROM 3.09; Market = 1

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