BOEG vs. FNGG

Last updated Jun 26, 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. Over the past year, BOEG returned -4.03% vs 15.13% for FNGG. At a 0.33 correlation, their price movements are largely independent. BOEG charges 0.75%/yr vs 0.97%/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 -9.75% return, which is significantly lower than FNGG's 1.81% return.

BOEG

• 1D: -2.13%
• 1M: -3.15%
• YTD: -9.75%
• 6M: -11.04%
• 1Y: -4.03%
• 3Y*: —
• 5Y*: —
• 10Y*: —

FNGG

• 1D: -1.64%
• 1M: -15.13%
• YTD: 1.81%
• 6M: -1.26%
• 1Y: 15.13%
• 3Y*: 49.26%
• 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	-9.75%	6.85%
FNGG Direxion Daily NYSE FANG+ Bull 2X Shares	1.81%	17.17%

Correlation

The correlation between BOEG and FNGG is 0.34, which is low. Their price movements are largely independent, making them effective diversification partners.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	0.34
Correlation (All Time) Calculated using the full available price history since Jun 13, 2025	0.33

Return for Risk

BOEG vs. FNGG — Risk / Return Rank

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

BOEG

BOEG Risk / Return Rank: 9
BOEG Sharpe Ratio Rank: 9
BOEG Sortino Ratio Rank: 11
BOEG Omega Ratio Rank: 10
BOEG Calmar Ratio Rank: 8
BOEG Martin Ratio Rank: 8

FNGG

FNGG Risk / Return Rank: 14
FNGG Sharpe Ratio Rank: 14
FNGG Sortino Ratio Rank: 16
FNGG Omega Ratio Rank: 15
FNGG Calmar Ratio Rank: 13
FNGG Martin Ratio Rank: 13

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.

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.

	BOEG	FNGG	Difference
Sharpe ratio: Return per unit of total volatility	-0.06	0.35	-0.41
Sortino ratio: Return per unit of downside risk	0.39	0.77	-0.38
Omega ratio: Gain probability vs. loss probability	1.04	1.09	-0.05
Calmar ratio: Return relative to maximum drawdown	-0.09	0.35	-0.44
Martin ratio: Return relative to average drawdown	-0.17	0.90	-1.08

BOEG vs. FNGG - Sharpe Ratio Comparison

The current BOEG Sharpe Ratio is -0.06, which is lower than the FNGG Sharpe Ratio of 0.35. The chart below compares the historical Sharpe Ratios of BOEG and FNGG, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

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	-46.47%	-43.01%	-3.46%
Max Drawdown (3Y) Largest decline over 3 years	—	-47.03%	—
Current Drawdown Current decline from peak	-32.24%	-24.70%	-7.54%
Average Drawdown Average peak-to-trough decline	-19.66%	-55.51%	+35.85%
Ulcer Index Depth and duration of drawdowns from previous peaks	23.64%	16.77%	+6.87%

Volatility

BOEG vs. FNGG - Volatility Comparison

Leverage Shares 2X Long BA Daily ETF (BOEG) has a higher volatility of 21.94% compared to Direxion Daily NYSE FANG+ Bull 2X Shares (FNGG) at 20.27%. This indicates that BOEG's price experiences larger fluctuations and is considered to be riskier than FNGG based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	BOEG	FNGG	Difference
Volatility (1M) Calculated over the trailing 1-month period	21.94%	20.27%	+1.67%
Volatility (6M) Calculated over the trailing 6-month period	46.89%	35.05%	+11.84%
Volatility (1Y) Calculated over the trailing 1-year period	64.38%	43.61%	+20.77%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	63.91%	67.76%	-3.85%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	63.91%	67.76%	-3.85%

BOEG vs. FNGG - Expense Ratio Comparison

BOEG has a 0.75% expense ratio, which is lower than FNGG's 0.97% 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 11.69%.

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	11.69%	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 0.34, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, BOEG or FNGG?

BOEG has higher volatility (21.94%) compared to FNGG (20.27%). In terms of maximum drawdown, BOEG dropped -46.47% vs FNGG's -91.33%.

Which ETF is better, BOEG or FNGG?

On 1-year performance, FNGG leads with 15.13% vs -4.03% for BOEG. On fees, BOEG is cheaper at 0.75% per year. On volatility, FNGG has been the lower-risk option at 20.27%. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF has performed better, BOEG or FNGG?

Over the 1-year period, FNGG has performed better with a 15.13% return vs -4.03%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.

Which ETF is cheaper, BOEG or FNGG?

BOEG is cheaper with a 0.75% expense ratio, compared with 0.97% for FNGG.

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

FNGG has the higher dividend yield at 11.69%, 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 0.97% for FNGG.

Which has better risk-adjusted returns?

FNGG currently has the higher Sharpe Ratio (0.35 vs -0.06), meaning it's delivered slightly more return per unit of risk over the trailing 12 months. However, this ranking shifts over time - use the Risk/Return Score above for a more comprehensive view that combines Sharpe, Sortino, and other measures used by quantitative funds.