Direxion Daily NYSE FANG+ Bull 2X Shares (FNGG)
This is a leveraged ETF that aims to provide double the returns of a benchmark index consisting of 10 high-growth stocks in the technology sector.
ETF Info
25460G161
Sep 30, 2021
2x
NYSE FANG+ Index (2x Leveraged)
Large-Cap
Growth
Expense Ratio
FNGG has a high expense ratio of 0.98%, indicating higher-than-average management fees.
Share Price Chart
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Compare to other instruments
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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.
Returns By Period
Direxion Daily NYSE FANG+ Bull 2X Shares had a return of 104.16% year-to-date (YTD) and 101.88% in the last 12 months.
FNGG
104.16%
13.14%
31.56%
101.88%
N/A
N/A
^GSPC (Benchmark)
24.34%
0.23%
8.53%
24.95%
13.01%
11.06%
Monthly Returns
The table below presents the monthly returns of FNGG, with color gradation from worst to best to easily spot seasonal factors. Returns are adjusted for dividends.
| Jan | Feb | Mar | Apr | May | Jun | Jul | Aug | Sep | Oct | Nov | Dec | Total | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 2024 | 6.08% | 19.15% | 1.28% | -7.03% | 12.26% | 19.34% | -4.54% | -2.67% | 4.72% | 2.93% | 12.88% | 104.16% | |
| 2023 | 29.61% | 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% | -6.87% | -25.31% | -87.15% |
| 2021 | 16.53% | -2.13% | -15.02% | -3.08% |
Risk-Adjusted Performance
Risk-Adjusted Performance Rank
The current rank of FNGG is 75, indicating average performance compared to other ETFs on our website. Here’s a breakdown of how it compares using common performance measures.
Risk-Adjusted Performance Indicators
The charts below present risk-adjusted performance metrics for Direxion Daily NYSE FANG+ Bull 2X Shares (FNGG) and compare them to a chosen benchmark (^GSPC). These indicators evaluate an investment's returns against its associated risks.
Dividends
Dividend History
Direxion Daily NYSE FANG+ Bull 2X Shares provided a 0.65% dividend yield over the last twelve months, with an annual payout of $1.20 per share.
| Period | TTM | 2023 | 2022 | 2021 |
|---|---|---|---|---|
| Dividend | $1.20 | $0.81 | $0.00 | $11.81 |
Dividend yield | 0.65% | 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.
| Jan | Feb | Mar | Apr | May | Jun | Jul | Aug | Sep | Oct | Nov | Dec | Total | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 2024 | $0.00 | $0.00 | $0.39 | $0.00 | $0.00 | $0.46 | $0.00 | $0.00 | $0.36 | $0.00 | $0.00 | $0.00 | $1.20 |
| 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 | $0.81 |
| 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.
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 40.28%.
Depth | Start | To Bottom | Bottom | To Recover | End | Total |
|---|---|---|---|---|---|---|
| -91.33% | Nov 17, 2021 | 285 | Jan 5, 2023 | — | — | — |
| -5.74% | Oct 4, 2021 | 1 | Oct 4, 2021 | 3 | Oct 7, 2021 | 4 |
| -5.42% | Nov 10, 2021 | 1 | Nov 10, 2021 | 2 | Nov 12, 2021 | 3 |
| -4.65% | Oct 22, 2021 | 1 | Oct 22, 2021 | 6 | Nov 1, 2021 | 7 |
| -3.02% | Oct 8, 2021 | 2 | Oct 11, 2021 | 2 | Oct 13, 2021 | 4 |
Volatility
Volatility Chart
The current Direxion Daily NYSE FANG+ Bull 2X Shares volatility is 14.32%, representing the average percentage change in the investments's value, either up or down over the past month. The chart below shows the rolling one-month volatility.