MicroSectors FANG+ Index 2X Leveraged ETN (FNGO) belongs to the Leveraged Equities category. Below you'll find alternative ETFs from the same category, ranked by key criteria, plus funds that investors commonly compare with FNGO. Use the tables to find lower-cost options, better risk-adjusted returns, or a closer substitute for your current allocation.
Cheapest Alternatives to FNGO
FNGO charges 0.95% annually. There are 100 ETFs in the Leveraged Equities category with lower expense ratios, going as low as 0.35%.
| Symbol | Name | Expense Ratio | AUM | Inception | |
|---|---|---|---|---|---|
| WisdomTree Efficient U.S. Plus International Equit... | 0.35% | 44.22M | Mar 2026 | FNGO vs NTSD | |
| ETRACS IFED Invest with the Fed TR Index ETN | 0.45% | 49.31M | Sep 2021 | FNGO vs IFED | |
| Direxion Daily S&P 500 Bull 2X ETF | 0.60% | 257.66M | May 2014 | FNGO vs SPUU | |
| Leverage Shares 2X Long AMD Daily ETF | 0.75% | 41.64M | Jan 2025 | FNGO vs AMDG | |
| Leverage Shares 2X Long TSM Daily ETF | 0.75% | 32.98M | Jan 2025 | FNGO vs TSMG |
Best Risk-Adjusted Alternatives to FNGO
FNGO has a PortfoliosLab risk / return rank of 20. There are 113 ETFs in the Leveraged Equities category with higher risk-adjusted ranks, going as high as 99.
| Symbol | Name | Risk / Return Rank | AUM | Inception | |
|---|---|---|---|---|---|
| Direxion Daily MU Bull 2X Shares | 99 | 6.16B | Oct 2024 | FNGO vs MUU | |
| GraniteShares 2x Long MU Daily ETF | 98 | 923.53M | Nov 2024 | FNGO vs MULL | |
| Innovator U.S. Equity Accelerated Plus ETF | 98 | 22.82M | Apr 2021 | FNGO vs XTAP | |
| Innovator Growth Accelerated Plus ETF - April | 97 | 20.50M | Apr 2021 | FNGO vs QTAP | |
| GraniteShares 2x Long INTC Daily ETF | 96 | 509.42M | Feb 2025 | FNGO vs INTW |
Top Performing FNGO Alternatives (YTD)
FNGO is at 14.63% YTD. There are 118 ETFs in the Leveraged Equities category with higher YTD returns, going as high as 738.32%.
| Symbol | Name | YTD Return | AUM | Inception | |
|---|---|---|---|---|---|
| GraniteShares 2x Long DELL Daily ETF | 738.32% | 162.40M | Feb 2025 | FNGO vs DLLL | |
| Direxion Daily MU Bull 2X Shares | 575.80% | 6.16B | Oct 2024 | FNGO vs MUU | |
| GraniteShares 2x Long MU Daily ETF | 555.59% | 923.53M | Nov 2024 | FNGO vs MULL | |
| Direxion Daily INTC Bull 2X Shares | 395.01% | 101.49M | Nov 2025 | FNGO vs LINT | |
| GraniteShares 2x Long INTC Daily ETF | 394.65% | 509.42M | Feb 2025 | FNGO vs INTW |
Lowest Volatility Alternatives to FNGO
FNGO has 43.61% 1-year volatility. There are 98 ETFs in the Leveraged Equities category with lower 1-year volatility, going as low as 4.77%.
| Symbol | Name | Volatility 1Y | AUM | Inception | |
|---|---|---|---|---|---|
| Innovator U.S. Equity Accelerated Plus ETF | 4.77% | 22.82M | Apr 2021 | FNGO vs XTAP | |
| Innovator Growth Accelerated Plus ETF - April | 6.21% | 20.50M | Apr 2021 | FNGO vs QTAP | |
| Innovator U.S. Equity Accelerated Plus ETF - July | 7.40% | 13.45M | Jul 2021 | FNGO vs XTJL | |
| Innovator Growth Accelerated Plus ETF - July | 10.50% | 20.95M | Jul 2021 | FNGO vs QTJL | |
| Innovator US Equity Accelerated ETF | 10.55% | 69.49M | Apr 2021 | FNGO vs XDSQ |
Lowest Drawdown Alternatives to FNGO
FNGO has a 1-year max drawdown of -42.73%. There are 119 ETFs in the Leveraged Equities category with shallower 1-year drawdowns, going as shallow as -1.72%.
| Symbol | Name | Max Drawdown 1Y | AUM | Inception | |
|---|---|---|---|---|---|
| Innovator U.S. Equity Accelerated Plus ETF | -1.72% | 22.82M | Apr 2021 | FNGO vs XTAP | |
| Innovator Growth Accelerated Plus ETF - April | -2.49% | 20.50M | Apr 2021 | FNGO vs QTAP | |
| Innovator U.S. Equity Accelerated Plus ETF - July | -5.12% | 13.45M | Jul 2021 | FNGO vs XTJL | |
| Innovator Growth Accelerated Plus ETF - July | -6.68% | 20.95M | Jul 2021 | FNGO vs QTJL | |
| Innovator US Equity Accelerated ETF | -9.60% | 69.49M | Apr 2021 | FNGO vs XDSQ |
Other ETFs from Bank of Montreal
The 2 most viewed Bank of Montreal ETFs shown here include FNGU, BNKU and span 1 categories. AUM among these funds goes as high as $3B.
| Symbol | Name | Category | Risk / Return Rank | YTD Return | AUM | Inception | |
|---|---|---|---|---|---|---|---|
| MicroSectors FANG+ 3X Leveraged ETNs | Leveraged Equities | 15 | 10.45% | 2.66B | Feb 2025 | FNGO vs FNGU | |
| MicroSectors U.S. Big Banks Index 3X Leveraged ETN... | Leveraged Equities | 54 | 29.57% | 33.19M | Apr 2019 | FNGO vs BNKU |
Often Compared With FNGO
Investors most often compare FNGO with FNGS, FNGG, QLD. These 20 comparison targets span 9 categories, based on PortfoliosLab usage data.
Compare FNGO with Any Fund or Stock
Compare FNGO with any ETF, mutual fund, or stock using PortfoliosLab's comparison tool.
Pair FNGO with funds that move differently
MicroSectors FANG+ Index 2X Leveraged ETN alternatives help with substitution. Diversifiers are the next step when you want funds with lower historical correlation to FNGO.
Explore FNGO Diversifiers