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Direxion Daily NYSE FANG+ Bull 2X Shares (FNGG)
Performance
Return for Risk
Dividends
Drawdowns
Volatility

ETF Info

CUSIP
25460G161
Issuer
Direxion
Inception Date
Sep 30, 2021
Leveraged
2x
Index Tracked
NYSE FANG+ Index (2x Leveraged)
Distribution Policy
Distributing
Asset Class
Equity
Asset Class Size
Large-Cap
Asset Class Style
Growth

Share Price Chart


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Performance

Performance Chart

The chart shows the growth of an initial investment of $10,000 in Direxion Daily NYSE FANG+ Bull 2X Shares, comparing it to the performance of the S&P 500 index or another benchmark. All prices have been adjusted for splits and dividends.


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S&P 500 Index

Returns By Period

Direxion Daily NYSE FANG+ Bull 2X Shares (FNGG) has returned -25.51% so far this year and 27.54% over the past 12 months.


Direxion Daily NYSE FANG+ Bull 2X Shares

1D
9.29%
1M
-9.53%
YTD
-25.51%
6M
-30.33%
1Y
27.54%
3Y*
50.64%
5Y*
10Y*

Benchmark (S&P 500 Index)

1D
2.91%
1M
-5.09%
YTD
-4.63%
6M
-2.39%
1Y
16.33%
3Y*
16.69%
5Y*
10.18%
10Y*
12.16%
*Multi-year figures are annualized to reflect compound growth (CAGR)

Monthly Returns

Based on dividend-adjusted daily data since Sep 30, 2021, FNGG's average daily return is +0.06%, while the average monthly return is +0.74%. At this rate, your investment would double in approximately 7.8 years.

Historically, 50% of months were positive and 50% were negative. The best month was May 2023 with a return of +36.9%, while the worst month was Apr 2022 at -41.6%. The longest winning streak lasted 5 consecutive months, and the longest losing streak was 8 months.

On a daily basis, FNGG closed higher 52% of trading days. The best single day was Apr 9, 2025 with a return of +28.0%, while the worst single day was May 5, 2022 at -16.5%.


JanFebMarAprMayJunJulAugSepOctNovDecTotal
2026-6.93%-11.53%-9.53%-25.51%
20255.63%-10.96%-21.01%11.97%22.17%17.71%2.57%-0.05%10.88%8.76%-4.63%-9.82%27.21%
20246.08%19.15%1.28%-7.03%12.26%19.34%-4.54%-2.67%4.72%2.93%12.88%10.28%98.76%
202329.61%2.84%25.75%-3.31%36.88%15.07%6.17%-6.33%-11.65%-4.28%27.51%11.14%204.23%
2022-35.55%-11.54%-5.19%-41.59%-23.43%-19.06%26.35%-7.01%-20.96%1.63%-6.86%-25.31%-87.15%
202116.53%-2.13%-15.01%-3.07%

Benchmark Metrics

Direxion Daily NYSE FANG+ Bull 2X Shares has an annualized alpha of -17.67%, beta of 3.26, and R² of 0.69 versus S&P 500 Index. Calculated based on daily prices since October 01, 2021.

  • This ETF captured 233.72% of S&P 500 Index gains and 209.82% of its losses — amplifying both gains and losses, but participating more in upside than downside.
  • This ETF had an annualized alpha of -17.67% versus S&P 500 Index — delivering less than market exposure alone would predict.
  • Beta of 3.26 means this ETF moves significantly more than S&P 500 Index — expect amplified gains in rallies and amplified losses in downturns.

Alpha
-17.67%
Beta
3.26
0.69
Upside Capture
233.72%
Downside Capture
209.82%

Expense Ratio

FNGG has a high expense ratio of 0.98%, indicating above-average management fees.


Return for Risk

Risk / Return Rank

FNGG ranks 30 for risk / return — below 30% of ETFs on our site. The returns aren't fully compensating for the risk involved. This isn't necessarily a dealbreaker, but factor it into your decision — especially if you're risk-averse.


FNGG Risk / Return Rank: 3030
Overall Rank
FNGG Sharpe Ratio Rank: 2727
Sharpe Ratio Rank
FNGG Sortino Ratio Rank: 3838
Sortino Ratio Rank
FNGG Omega Ratio Rank: 3535
Omega Ratio Rank
FNGG Calmar Ratio Rank: 2626
Calmar Ratio Rank
FNGG Martin Ratio Rank: 2424
Martin Ratio Rank
The rank (0–100) shows how this investment's returns compare to the risk taken. Higher = better. Based on the past 12 months of data, combining Sharpe, Sortino, and other metrics used by quantitative funds and institutional investors.

Return / Risk — by metrics

The table below present risk-adjusted performance metrics for Direxion Daily NYSE FANG+ Bull 2X Shares (FNGG) and compare them to a chosen benchmark (S&P 500 Index).


FNGGBenchmarkDifference

Sharpe ratio

Return per unit of total volatility

0.51

0.90

-0.38

Sortino ratio

Return per unit of downside risk

1.13

1.39

-0.26

Omega ratio

Gain probability vs. loss probability

1.15

1.21

-0.06

Calmar ratio

Return relative to maximum drawdown

0.61

1.40

-0.79

Martin ratio

Return relative to average drawdown

1.73

6.61

-4.87

Explore FNGG risk-adjusted metrics in detail

Dive deeper into individual metrics with historical trends, benchmark comparisons, and performance across different time periods.

Dividends

Dividend History

Direxion Daily NYSE FANG+ Bull 2X Shares provided a 15.91% dividend yield over the last twelve months, with an annual payout of $24.38 per share. The fund has been increasing its distributions for 2 consecutive years.


0.00%2.00%4.00%6.00%8.00%10.00%12.00%$0.00$5.00$10.00$15.00$20.00$25.0020212022202320242025
Dividends
Dividend Yield
PeriodTTM20252024202320222021
Dividend$24.38$24.53$1.42$0.80$0.00$11.81

Dividend yield

15.91%11.89%0.79%0.88%0.00%4.99%

Monthly Dividends

The table displays the monthly dividend distributions for Direxion Daily NYSE FANG+ Bull 2X Shares. The dividends shown in the table have been adjusted to account for any splits that may have occurred.


JanFebMarAprMayJunJulAugSepOctNovDecTotal
2026$0.00$0.00$0.49$0.49
2025$0.00$0.00$0.64$0.00$0.00$0.64$0.00$0.00$0.33$0.00$0.00$22.91$24.53
2024$0.00$0.00$0.39$0.00$0.00$0.46$0.00$0.00$0.36$0.00$0.00$0.22$1.42
2023$0.00$0.00$0.08$0.00$0.00$0.16$0.00$0.00$0.23$0.00$0.00$0.34$0.80
2022$0.00$0.00$0.00$0.00$0.00$0.00$0.00$0.00$0.00$0.00$0.00$0.00$0.00
2021$11.81$11.81

Drawdowns

Drawdowns Chart

The Drawdowns chart displays portfolio losses from any high point along the way. Drawdowns are calculated considering price movements and all distributions paid, if any.


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Worst Drawdowns

The table below displays the maximum drawdowns of the Direxion Daily NYSE FANG+ Bull 2X Shares. A maximum drawdown is a measure of risk, indicating the largest reduction in portfolio value due to a series of losing trades.

The maximum drawdown for the Direxion Daily NYSE FANG+ Bull 2X Shares was 91.33%, occurring on Jan 5, 2023. The portfolio has not yet recovered.

The current Direxion Daily NYSE FANG+ Bull 2X Shares drawdown is 44.91%.


Depth

Start

To Bottom

Bottom

To Recover

End

Total

-91.33%Nov 17, 2021285Jan 5, 2023
-5.74%Oct 4, 20211Oct 4, 20213Oct 7, 20214
-5.42%Nov 10, 20211Nov 10, 20212Nov 12, 20213
-4.65%Oct 22, 20211Oct 22, 20216Nov 1, 20217
-3.01%Oct 8, 20212Oct 11, 20212Oct 13, 20214

Volatility

Volatility Chart

The chart below shows the rolling one-month volatility.


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