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FNGG vs UYG

Direxion Daily NYSE FANG+ Bull 2X ETF

FNGGCNYSE Arca

ProShares Ultra Financials

UYGANYSE Arca

Overlap

Expense ratio

UYG −0.04pt a year

FNGG0.97%UYG0.93%

Avg volume · 30D

UYG 4.2×the volume

FNGG4.14KUYG17.3K

5Y return · a year

UYG +10.8pt

FNGG−1.4%UYG+9.4%

FNGG vs UYG Performance

Oct 29, 2021 – Oct 30, 2026

−7.0%FNGG+56.5%UYG

Oct 29, 2021 to Oct 30, 2026. FNGG −7.0%. UYG +56.5%. Use the arrow keys to read each point.−75%−50%−25%25%75%Oct 2021Apr 2024Oct 2026
Expense ratio
FNGG 0.97%
UYG 0.93%, better
Fund size
FNGG $106M
UYG $777M
1Y total return
FNGG −2.9%
UYG +11.5%, better
Yield (12M)
FNGG 10.72%
UYG 11.13%, better
Holdings
FNGG 18
UYG 83
Avg volume (30D)
FNGG 4.14K sh
UYG 17.3K sh, better
NAV per share
FNGG $245.50
UYG $93.27
52W range

ETF.net Grade

FNGG: Cost 29, Risk 52, Mission not scored, Tradability 62, Holdings not scored, Durability 65. UYG: Cost 70, Risk 76, Mission not scored, Tradability 78, Holdings not scored, Durability 80.
Pillar letters and Scores for FNGG, UYG, with each pillar’s weight
PillarFNGGUYG
Cost30% weightD29A70Higher
Mission25% weightNot scoredNot scored
Risk15% weightC52A76Higher
Tradability15% weightB62A78Higher
Holdings10% weightNot scoredNot scored
Durability5% weightB65A80Higher

Rank among Leveraged Long (2x & Other) funds

How we build Categories ›
Same Category. Both funds are graded against the same funds, so their Grades compare head to head.

Same Category. FNGG and UYG 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 ›

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

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

Our read on each fund

ETF.net Research

FNGGCDirexion Daily NYSE FANG+ Bull 2X ETF

UYGAProShares Ultra Financials

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.

UYG Listed in January 2007, a year before the banking crash, UYG targets 2x the daily move of the financial stocks in the S&P 500. A veteran of the leveraged shelf, priced at 0.93% with no fee waiver propping that number up.

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.

UYG UYG seeks pre-expense daily results equal to 2x the daily performance of the S&P Financial Select Sector Index. It is designed to provide magnified financials-sector exposure on a daily basis.

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.
  • UYG One of the originals: on the tape since January 30, 2007, still running the same mandate of 2x the daily performance of the S&P Financial Select Sector Index.proshares.com
  • At 0.93% with no waiver doing the work, it sits near the median fee of its leveraged peer group and level with sibling ROM (0.93%). QLD is 0.89%, but net of a waiver through September 30, 2027.
  • The whole sector in one ticker: banks, insurers and capital-markets firms from the S&P 500, roughly 80 names, geared daily.proshares.com
  • Stands in the top tier of the leveraged bull funds we grade, a group of close to a hundred tickers.

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.
  • UYG The 2x target is a one-day target and resets each day. Over longer holds the result comes from compounding daily moves, and in choppy markets that can land well off twice the index's return for the period.proshares.com
  • One sector, doubled. Financials move with rates, credit conditions and deal flow, and UYG amplifies that daily swing in both directions.
  • It changes hands less than the headline leveraged funds, so the spread is worth a look before you place an order.

Full FNGG profile⁠

Full UYG profile⁠

FNGG vs UYG 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 UYG Cost

Overpaying FNGG vs UYG

$659

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

  • FNGG 0.97%

    $18,198

  • UYG 0.93%

    $17,539

$10,000
30 years

Cost over time

  • FNGG 0.97%
  • UYG 0.93%
  • Overpaying
One line per fund, from year 0 to year 30. Use the arrow keys to read each point.$0$5K$10K$15K$20K051015202530FNGG $18,198UYG $17,539

Year by year

YearFNGGUYGOverpaying
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%UYG, cheaper
  • Middle half of Leveraged Long (2x & Other) funds
  • Median 0.95%

UYG 29th cheapest of 95 funds

FNGG 68th cheapest of 95 funds

FNGG vs UYG Dividends

Last 12 months to Oct 30, 2026
Yield (12M)
FNGG 10.72%
UYG 11.13%, better
Payout (12M)
FNGG $24.73
UYG $10.38
Last payment
FNGG $0.66
UYG $0.09
Ex-dividend
FNGG Sep 22, 2026
UYG Sep 23, 2026
Paid on
FNGG Sep 29, 2026
UYG Sep 29, 2026
Frequency
FNGG Quarterly
UYG Quarterly

Distribution history

Per share, 2017 to 2026, same scale for both

FNGGQuarterly · 17 paymentsAll FNGG payments⁠
One bar per payment. 17 payments from 2017 to 2026 YTD. Dec 9, 2021 $11.81; Mar 21, 2023 $0.08; Jun 21, 2023 $0.16; Sep 19, 2023 $0.23; Dec 21, 2023 $0.34; Mar 19, 2024 $0.39; Jun 25, 2024 $0.46; Sep 24, 2024 $0.36; Dec 23, 2024 $0.22; Mar 25, 2025 $0.64; Jun 24, 2025 $0.64; Sep 23, 2025 $0.33; Dec 10, 2025 $22.73; Dec 23, 2025 $0.18; Mar 24, 2026 $0.49; Jun 23, 2026 $0.67; Sep 22, 2026 $0.66. Use the arrow keys to read each point.$0$252017202020232026YTD
UYGQuarterly · 39 paymentsAll UYG payments⁠
One bar per payment. 39 payments from 2017 to 2026 YTD. Mar 22, 2017 $0.02; Jun 21, 2017 $0.02; Sep 27, 2017 $0.07; Dec 26, 2017 $0.12; Mar 21, 2018 $0.05; Jun 20, 2018 $0.08; Sep 26, 2018 $0.11; Dec 26, 2018 $0.18; Mar 20, 2019 $0.08; Jun 25, 2019 $0.09; Sep 25, 2019 $0.14; Dec 24, 2019 $0.17; Mar 25, 2020 $0.12; Jun 24, 2020 $0.05; Sep 23, 2020 $0.03; Dec 23, 2020 $0.08; Mar 23, 2021 $0.03; Jun 22, 2021 $0.02; Sep 22, 2021 $0.03; Dec 23, 2021 $3.19; Mar 23, 2022 $0.04; Jun 22, 2022 $0.04; Sep 21, 2022 $0.06; Dec 22, 2022 $0.20; Mar 22, 2023 $0.09; Jun 21, 2023 $0.11; Sep 20, 2023 $0.09; Dec 20, 2023 $0.15; Mar 20, 2024 $0.04; Jun 26, 2024 $0.11; Sep 25, 2024 $0.09; Dec 23, 2024 $0.20; Mar 26, 2025 $0.27; Jun 25, 2025 $0.13; Sep 24, 2025 $0.38; Dec 24, 2025 $9.97; Mar 25, 2026 $0.20; Jun 24, 2026 $0.11; Sep 23, 2026 $0.09. Use the arrow keys to read each point.$0$252017202020232026YTD

FNGG vs UYG Risk

Fall from peak · 5 years

  • FNGG
  • UYG
Oct 29, 2021 to Oct 30, 2026. Worst fall: FNGG −91.3% · Jan 2023. Use the arrow keys to read each point.−100%−75%−50%−25%0%Oct 2021Apr 2024Oct 2026

Risk facts

VolatilityStd dev, 3 years
FNGG 46.8%UYG 30.5%, better
Return per unit of riskSharpe ratio, 3 years
FNGG 1.14, betterUYG 1.04
Worst fallMax drawdown, 5 years
FNGG −91.3%UYG −47.8%, better
Market sensitivityBeta, 5 years
FNGG 2.81UYG 1.58

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