- ISIN
- US25460G1618
- CUSIP
- 25460G161
- Issuer
- Direxion
- Inception Date
- Sep 30, 2021
- Region
- North America (U.S.)
- Category
- Leveraged Equities
- Leveraged
- 2x
- Index Tracked
- NYSE FANG+ Index (2x Leveraged)
- Domicile
- United States
- Distribution Policy
- Distributing
- Asset Class
- Equity
- Asset Class Size
- Large-Cap
- Asset Class Style
- Growth
- Assets Under Management
- $132M
Share Price Chart
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Performance
FNGG Performance Chart
Direxion Daily NYSE FANG+ Bull 2X Shares (FNGG) is up 11.1% since the beginning of the year. FNGG is currently trading at $228 per share.
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Returns By Period
Direxion Daily NYSE FANG+ Bull 2X Shares (FNGG) has returned 11.08% so far this year and 34.32% over the past 12 months.
Direxion Daily NYSE FANG+ Bull 2X Shares
- 1D
- -5.43%
- 1M
- -2.38%
- YTD
- 11.08%
- 6M
- 9.63%
- 1Y
- 34.32%
- 3Y*
- 50.53%
- 5Y*
- —
- 10Y*
- —
Benchmark (S&P 500 Index)
- 1D
- -0.37%
- 1M
- -0.01%
- YTD
- 9.16%
- 6M
- 8.64%
- 1Y
- 25.22%
- 3Y*
- 19.78%
- 5Y*
- 11.99%
- 10Y*
- 13.88%
FNGG Monthly Returns History
Based on dividend-adjusted daily data since Sep 30, 2021, FNGG's average daily return is +0.10%, while the average monthly return is +1.53%. At this rate, an investment would double in approximately 3.8 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 53% 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%.
| Jan | Feb | Mar | Apr | May | Jun | Jul | Aug | Sep | Oct | Nov | Dec | Total | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 2026 | -6.93% | -11.53% | -9.53% | 36.01% | 27.66% | -14.12% | 11.08% | ||||||
| 2025 | 5.63% | -10.96% | -21.01% | 11.97% | 22.17% | 17.71% | 2.57% | -0.05% | 10.88% | 8.76% | -4.63% | -9.82% | 27.21% |
| 2024 | 6.08% | 19.15% | 1.28% | -7.03% | 12.26% | 19.34% | -4.54% | -2.67% | 4.72% | 2.93% | 12.88% | 10.28% | 98.76% |
| 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% | -6.86% | -25.31% | -87.15% |
| 2021 | -1.01% | 16.53% | -2.13% | -15.01% | -4.05% |
Benchmark Metrics
Direxion Daily NYSE FANG+ Bull 2X Shares has an annualized alpha of -16.62%, beta of 3.26, and R2 of 0.69 versus S&P 500 Index. Calculated based on daily prices since September 30, 2021.
- This ETF captured 276.15% of S&P 500 Index gains and 216.91% of its losses - amplifying both gains and losses, but participating more in upside than downside.
- This ETF had an annualized alpha of -16.62% 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
- -16.62%
- Beta
- 3.26
- R²
- 0.69
- Upside Capture
- 276.15%
- Downside Capture
- 216.91%
Expense Ratio
FNGG has a high expense ratio of 0.97%, indicating above-average management fees.
Return for Risk
Risk / Return Rank
FNGG ranks 21 for risk / return — below 21% 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.
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 S&P 500 Index.
Values are calculated on a 1-year rolling basis and updated daily. Risk-adjusted metrics are more stable over longer periods — use the period switch above to explore them.
| FNGG | Benchmark | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -1.24 | ||
| Sortino ratioReturn per unit of downside risk | -1.46 | ||
| Omega ratioGain probability vs. loss probability | 1.16 | 1.37 | -0.21 |
| Calmar ratioReturn relative to maximum drawdown | 0.80 | 2.78 | -1.98 |
| Martin ratioReturn relative to average drawdown | 2.07 | 12.44 | -10.37 |
Dividends
Dividend History
Direxion Daily NYSE FANG+ Bull 2X Shares provided a 10.67% 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.
| Period | TTM | 2025 | 2024 | 2023 | 2022 | 2021 |
|---|---|---|---|---|---|---|
| Dividend | $24.38 | $24.53 | $1.42 | $0.80 | $0.00 | $11.81 |
Dividend yield | 10.67% | 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.
| Jan | Feb | Mar | Apr | May | Jun | Jul | Aug | Sep | Oct | Nov | Dec | Total | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 2026 | $0.00 | $0.00 | $0.49 | $0.00 | $0.00 | $0.00 | $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 17.85%.
Related event | Drawdown | Fall | Recovery | Underwater |
|---|---|---|---|---|
2023 bear market2023 | -91.33%Jan 2023 | 1y 1mo | — | 4y 7moNov 2021 - now |
2021 pullback2021 | -5.75%Oct 2021 | 4d | 3d | 7dSep 2021 - Oct 2021 |
2021 pullback2021 | -5.42%Nov 2021 | 0s | 2d | 2dNov 2021 - Nov 2021 |
2021 pullback2021 | -4.65%Oct 2021 | 0s | 10d | 10dOct 2021 - Nov 2021 |
2021 pullback2021 | -3.01%Oct 2021 | 3d | 2d | 5dOct 2021 - Oct 2021 |
Drawdown Indicators
| FNGG | Benchmark | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -91.33% | -56.78% | -34.55% |
Max Drawdown (1Y)Largest decline over 1 year | -43.01% | -9.10% | -33.91% |
Max Drawdown (3Y)Largest decline over 3 years | -47.03% | -18.90% | -28.13% |
Max Drawdown (5Y)Largest decline over 5 years | — | -25.43% | — |
Max Drawdown (10Y)Largest decline over 10 years | — | -33.92% | — |
Current DrawdownCurrent decline from peak | -17.85% | -1.80% | -16.05% |
Average DrawdownAverage peak-to-trough decline | -55.59% | -10.71% | -44.88% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 16.60% | 2.03% | +14.57% |
Volatility
Volatility Chart
The chart below shows the rolling one-month volatility.
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