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MicroSectors FANG+ Index 2X Leveraged ETN (FNGO)
Performance
Return for Risk
Dividends
Drawdowns
Volatility

ETF Info

ISIN
US0636798565
CUSIP
063679856
Inception Date
Aug 1, 2018
Region
North America (U.S.)
Leveraged
2x
Index Tracked
NYSE FANG+ Index (+200%)
Distribution Policy
Accumulating
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 MicroSectors FANG+ Index 2X Leveraged ETN, 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

MicroSectors FANG+ Index 2X Leveraged ETN (FNGO) has returned -25.13% so far this year and 27.85% over the past 12 months.


MicroSectors FANG+ Index 2X Leveraged ETN

1D
8.94%
1M
-9.02%
YTD
-25.13%
6M
-30.39%
1Y
27.85%
3Y*
51.07%
5Y*
17.48%
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 Aug 2, 2018, FNGO's average daily return is +0.19%, while the average monthly return is +3.57%. At this rate, your investment would double in approximately 1.6 years.

Historically, 55% of months were positive and 45% were negative. The best month was Aug 2020 with a return of +46.7%, while the worst month was Apr 2022 at -35.6%. The longest winning streak lasted 7 consecutive months, and the longest losing streak was 5 months.

On a daily basis, FNGO closed higher 53% of trading days. The best single day was Apr 9, 2025 with a return of +28.2%, while the worst single day was Oct 11, 2018 at -23.1%.


JanFebMarAprMayJunJulAugSepOctNovDecTotal
2026-6.65%-11.84%-9.02%-25.13%
20255.13%-11.53%-20.98%11.37%23.99%17.29%2.01%0.59%10.51%8.78%-4.49%-10.51%25.49%
20245.54%19.38%1.12%-6.03%12.06%19.12%-4.71%-2.76%4.28%3.07%13.50%11.63%101.65%
202340.47%6.21%25.28%-3.03%35.73%15.50%6.52%-6.03%-12.36%-4.03%27.79%11.26%240.10%
2022-16.23%-16.03%6.54%-35.58%-5.79%-14.04%20.76%-8.47%-21.88%-13.75%20.72%-19.08%-71.55%
20213.61%10.06%-10.09%9.19%-5.04%19.66%-4.57%5.95%-9.21%20.64%-1.84%-7.15%28.38%

Benchmark Metrics

MicroSectors FANG+ Index 2X Leveraged ETN has an annualized alpha of 17.01%, beta of 2.45, and R² of 0.61 versus S&P 500 Index. Calculated based on daily prices since August 03, 2018.

  • This ETF captured 367.68% of S&P 500 Index gains and 177.40% of its losses — amplifying both gains and losses, but participating more in upside than downside.
  • This ETF generated an annualized alpha of 17.01% versus S&P 500 Index — delivering returns beyond what market exposure alone would predict.
  • Beta of 2.45 means this ETF moves significantly more than S&P 500 Index — expect amplified gains in rallies and amplified losses in downturns.

Alpha
17.01%
Beta
2.45
0.61
Upside Capture
367.68%
Downside Capture
177.40%

Expense Ratio

FNGO has a high expense ratio of 0.95%, indicating above-average management fees.


Return for Risk

Risk / Return Rank

FNGO 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.


FNGO Risk / Return Rank: 3030
Overall Rank
FNGO Sharpe Ratio Rank: 2727
Sharpe Ratio Rank
FNGO Sortino Ratio Rank: 3838
Sortino Ratio Rank
FNGO Omega Ratio Rank: 3535
Omega Ratio Rank
FNGO Calmar Ratio Rank: 2626
Calmar Ratio Rank
FNGO 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 MicroSectors FANG+ Index 2X Leveraged ETN (FNGO) and compare them to a chosen benchmark (S&P 500 Index).


FNGOBenchmarkDifference

Sharpe ratio

Return per unit of total volatility

0.51

0.90

-0.38

Sortino ratio

Return per unit of downside risk

1.14

1.39

-0.24

Omega ratio

Gain probability vs. loss probability

1.15

1.21

-0.06

Calmar ratio

Return relative to maximum drawdown

0.62

1.40

-0.77

Martin ratio

Return relative to average drawdown

1.78

6.61

-4.83

Explore FNGO risk-adjusted metrics in detail

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

Dividends

Dividend History


MicroSectors FANG+ Index 2X Leveraged ETN doesn't pay dividends

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 MicroSectors FANG+ Index 2X Leveraged ETN. 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 MicroSectors FANG+ Index 2X Leveraged ETN was 78.39%, occurring on Nov 9, 2022. Recovery took 311 trading sessions.

The current MicroSectors FANG+ Index 2X Leveraged ETN drawdown is 37.61%.


Depth

Start

To Bottom

Bottom

To Recover

End

Total

-78.39%Nov 5, 2021255Nov 9, 2022311Feb 7, 2024566
-60.28%Feb 20, 202020Mar 18, 202058Jun 10, 202078
-50.95%Aug 8, 201896Dec 24, 2018251Dec 23, 2019347
-47.64%Feb 18, 202534Apr 4, 202556Jun 26, 202590
-42.73%Oct 30, 2025103Mar 30, 2026

Volatility

Volatility Chart

The chart below shows the rolling one-month volatility.


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