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

ETF Info

CUSIP

25460G161

Issuer

Direxion

Inception Date

Sep 30, 2021

Leveraged

2x

Index Tracked

NYSE FANG+ Index (2x Leveraged)

Asset Class

Equity

Asset Class Size

Large-Cap

Asset Class Style

Growth

Expense Ratio

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


Share Price Chart


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Compare to other instruments

Search for stocks, ETFs, and funds for a quick comparison or use the comparison tool for more options.


Performance

Performance Chart


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Returns By Period

Direxion Daily NYSE FANG+ Bull 2X Shares (FNGG) returned -13.92% year-to-date (YTD) and 32.23% over the past 12 months.


FNGG

YTD

-13.92%

1M

24.35%

6M

-5.66%

1Y

32.23%

5Y*

N/A

10Y*

N/A

^GSPC (Benchmark)

YTD

-3.77%

1M

7.44%

6M

-5.60%

1Y

8.37%

5Y*

14.12%

10Y*

10.46%

*Annualized

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.


JanFebMarAprMayJunJulAugSepOctNovDecTotal
20255.63%-10.96%-21.01%11.97%3.48%-13.92%
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%-41.60%-23.43%-19.06%26.35%-7.01%-20.96%1.63%-6.86%-25.31%-87.15%
202116.53%-2.13%-15.01%-3.08%

Risk-Adjusted Performance

Risk-Adjusted Performance Rank

The current rank of FNGG is 64, indicating average performance compared to other ETFs on our website. Here’s a breakdown of how it compares using common performance measures.


The Risk-Adjusted Performance Rank of FNGG is 6464
Overall Rank
The Sharpe Ratio Rank of FNGG is 5959
Sharpe Ratio Rank
The Sortino Ratio Rank of FNGG is 7272
Sortino Ratio Rank
The Omega Ratio Rank of FNGG is 6969
Omega Ratio Rank
The Calmar Ratio Rank of FNGG is 6161
Calmar Ratio Rank
The Martin Ratio Rank of FNGG is 5757
Martin Ratio Rank
The risk-adjusted ranks indicate the investment's position relative to the market. A rank closer to 100 signifies top-performing investments, while a rank closer to 0 might suggest underperformance, based on the selected ratio. The values are calculated based on the past 12 months of returns.

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.


The Sharpe ratio helps investors understand how much return they're getting for the level of risk taken. A higher Sharpe ratio indicates better risk-adjusted performance, meaning more reward for each unit of risk.

Direxion Daily NYSE FANG+ Bull 2X Shares Sharpe ratios as of May 11, 2025 (values are recalculated daily):

  • 1-Year: 0.51
  • All Time: -0.15

These values reflect how efficiently the investment has delivered returns relative to its volatility over different time periods. All figures are annualized and based on daily total returns (including price changes and dividends).

The chart below shows the rolling Sharpe ratio of Direxion Daily NYSE FANG+ Bull 2X Shares compared to the selected benchmark. This view highlights how the investment's risk-adjusted performance has changed over time. For deeper analysis or to customize the calculation, use the Sharpe ratio tool.


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Dividends

Dividend History

Direxion Daily NYSE FANG+ Bull 2X Shares provided a 1.08% dividend yield over the last twelve months, with an annual payout of $1.67 per share.


0.00%1.00%2.00%3.00%4.00%5.00%$0.00$2.00$4.00$6.00$8.00$10.00$12.002021202220232024
Dividends
Dividend Yield
PeriodTTM2024202320222021
Dividend$1.67$1.42$0.81$0.00$11.81

Dividend yield

1.08%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
2025$0.00$0.00$0.64$0.00$0.00$0.64
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$0.81
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.


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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 49.95%.


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
-3.02%Oct 8, 20212Oct 11, 20212Oct 13, 20214

Volatility

Volatility Chart

The chart below shows the rolling one-month volatility.


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