BOEG vs. FNGG

Last updated Jun 5, 2026

BOEG (Leverage Shares 2X Long BA Daily ETF) and FNGG (Direxion Daily NYSE FANG+ Bull 2X Shares) are both Leveraged Equities funds. BOEG is actively managed, while FNGG is passively managed. At a 0.31 correlation, their price movements are largely independent. BOEG charges 0.75%/yr vs 0.98%/yr for FNGG.

Performance

BOEG vs. FNGG - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Leverage Shares 2X Long BA Daily ETF (BOEG) and Direxion Daily NYSE FANG+ Bull 2X Shares (FNGG). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, BOEG achieves a -8.79% return, which is significantly lower than FNGG's 23.30% return.

BOEG

• 1D: 6.29%
• 1M: -8.00%
• YTD: -8.79%
• 6M: 4.05%
• 1Y: —
• 3Y*: —
• 5Y*: —
• 10Y*: —

FNGG

• 1D: -4.34%
• 1M: 15.65%
• YTD: 23.30%
• 6M: 12.07%
• 1Y: 47.84%
• 3Y*: 58.90%
• 5Y*: —
• 10Y*: —

*Multi-year figures are annualized to reflect compound growth (CAGR)

BOEG vs. FNGG - Yearly Performance Comparison

	2026 (YTD)	2025
BOEG Leverage Shares 2X Long BA Daily ETF	-8.79%	6.85%
FNGG Direxion Daily NYSE FANG+ Bull 2X Shares	23.30%	20.26%

Correlation

The correlation between BOEG and FNGG is 0.31, which is low. Their price movements are largely independent, making them effective diversification partners.

	Correlation
Correlation (All Time) Calculated using the full available price history since Jun 16, 2025	0.31

Return for Risk

BOEG vs. FNGG — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.

FNGG

FNGG Risk / Return Rank: 30
FNGG Sharpe Ratio Rank: 34
FNGG Sortino Ratio Rank: 33
FNGG Omega Ratio Rank: 32
FNGG Calmar Ratio Rank: 25
FNGG Martin Ratio Rank: 24

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.

BOEG vs. FNGG - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Leverage Shares 2X Long BA Daily ETF (BOEG) and Direxion Daily NYSE FANG+ Bull 2X Shares (FNGG). Risk-adjusted metrics are performance indicators that assess an investment's returns in relation to its risk, enabling a more accurate comparison of different investment options.

Risk / return metrics aren't available yet — we need at least 12 months of trading data to calculate them.

Sharpe Ratios by Period

	BOEG	FNGG	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	—	1.21	—
Sharpe Ratio (All Time) Calculated using the full available price history	-0.04	0.05	-0.10

Drawdowns

BOEG vs. FNGG - Drawdown Comparison

The maximum BOEG drawdown since its inception was -46.47%, smaller than the maximum FNGG drawdown of -91.33%. Use the drawdown chart below to compare losses from any high point for BOEG and FNGG.

Drawdown Indicators

	BOEG	FNGG	Difference
Max Drawdown Largest peak-to-trough decline	-46.47%	-91.33%	+44.86%
Max Drawdown (1Y) Largest decline over 1 year	—	-43.01%	—
Max Drawdown (3Y) Largest decline over 3 years	—	-47.03%	—
Current Drawdown Current decline from peak	-31.52%	-8.81%	-22.71%
Average Drawdown Average peak-to-trough decline	-19.11%	-56.00%	+36.89%
Ulcer Index Depth and duration of drawdowns from previous peaks	—	16.25%	—

Volatility

Volatility by Period

	BOEG	FNGG	Difference
Volatility (1M) Calculated over the trailing 1-month period	—	12.57%	—
Volatility (6M) Calculated over the trailing 6-month period	—	30.87%	—
Volatility (1Y) Calculated over the trailing 1-year period	63.57%	39.86%	+23.71%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	63.57%	67.64%	-4.07%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	63.57%	67.64%	-4.07%

BOEG vs. FNGG - Expense Ratio Comparison

BOEG has a 0.75% expense ratio, which is lower than FNGG's 0.98% expense ratio.

Dividends

BOEG vs. FNGG - Dividend Comparison

BOEG has not paid dividends to shareholders, while FNGG's dividend yield for the trailing twelve months is around 9.61%.

Position	TTM	2025	2024	2023	2022	2021
BOEG Leverage Shares 2X Long BA Daily ETF	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
FNGG Direxion Daily NYSE FANG+ Bull 2X Shares	9.61%	11.89%	0.79%	0.88%	0.00%	4.99%

Frequently Asked Questions

Can I hold both BOEG and FNGG in my portfolio?

BOEG and FNGG have a correlation of 0.31, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which ETF is better, BOEG or FNGG?

On fees, BOEG is cheaper at 0.75% per year. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF is cheaper, BOEG or FNGG?

BOEG is cheaper with a 0.75% expense ratio, compared with 0.98% for FNGG.

Which ETF pays a higher dividend yield, BOEG or FNGG?

FNGG has the higher dividend yield at 9.61%, compared with 0.00% for BOEG.

What is the main difference between BOEG and FNGG?

They also come from different issuers: Leverage Shares and Direxion. Their fees differ too: 0.75% for BOEG and 0.98% for FNGG.