DUSL vs. FNGU

Last updated Jun 4, 2026

DUSL (Direxion Daily Industrials Bull 3X Shares) and FNGU (MicroSectors FANG+™ Index 3X Leveraged ETN) are both Leveraged Equities funds - DUSL tracks the Industrials Select Sector Index (300%) while FNGU tracks the NYSE FANG (TR) (300%). Both are passively managed. Over the past year, DUSL returned 56.97% vs 64.67% for FNGU. At a 0.46 correlation, their price movements are largely independent. DUSL charges 1.01%/yr vs 0.95%/yr for FNGU.

Performance

DUSL vs. FNGU - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Direxion Daily Industrials Bull 3X Shares (DUSL) and MicroSectors FANG+™ Index 3X Leveraged ETN (FNGU). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, DUSL achieves a 31.08% return, which is significantly lower than FNGU's 36.18% return.

DUSL

• 1D: 0.10%
• 1M: 4.49%
• YTD: 31.08%
• 6M: 34.15%
• 1Y: 56.97%
• 3Y*: 48.85%
• 5Y*: 17.84%
• 10Y*: —

FNGU

• 1D: -3.75%
• 1M: 33.96%
• YTD: 36.18%
• 6M: 16.22%
• 1Y: 64.67%
• 3Y*: —
• 5Y*: —
• 10Y*: —

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

DUSL vs. FNGU - Yearly Performance Comparison

	2026 (YTD)	2025
DUSL Direxion Daily Industrials Bull 3X Shares	31.08%	23.04%
FNGU MicroSectors FANG+™ Index 3X Leveraged ETN	36.18%	4.24%

Correlation

The correlation between DUSL and FNGU is 0.36, which is low. Their price movements are largely independent, making them effective diversification partners.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	0.36
Correlation (All Time) Calculated using the full available price history since Feb 21, 2025	0.46

DUSL vs. FNGU - Sectors Allocation Comparison

Sectors	DUSL	FNGU
Industrials	20.1%	-
Utilities	1.2%	-
Technology	0.8%	60.6%
Consumer Cyclical	0.1%	9.6%
Basic Materials	-	-
Communication Services	-	29.8%
Consumer Defensive	-	-
Energy	-	-
Financial Services	-	-
Healthcare	-	-
Real Estate	-	-

Return for Risk

DUSL vs. FNGU — Risk / Return Rank

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

DUSL

DUSL Risk / Return Rank: 34
DUSL Sharpe Ratio Rank: 33
DUSL Sortino Ratio Rank: 34
DUSL Omega Ratio Rank: 31
DUSL Calmar Ratio Rank: 34
DUSL Martin Ratio Rank: 36

FNGU

FNGU Risk / Return Rank: 27
FNGU Sharpe Ratio Rank: 30
FNGU Sortino Ratio Rank: 31
FNGU Omega Ratio Rank: 30
FNGU Calmar Ratio Rank: 23
FNGU Martin Ratio Rank: 21

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.

DUSL vs. FNGU - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Direxion Daily Industrials Bull 3X Shares (DUSL) and MicroSectors FANG+™ Index 3X Leveraged ETN (FNGU). 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.

	DUSL	FNGU	Difference
Sharpe ratio Return per unit of total volatility	1.22	1.13	+0.09
Sortino ratio Return per unit of downside risk	1.82	1.69	+0.13
Omega ratio Gain probability vs. loss probability	1.21	1.21	0.00
Calmar ratio Return relative to maximum drawdown	1.70	1.09	+0.61
Martin ratio Return relative to average drawdown	5.71	2.64	+3.07
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

DUSL vs. FNGU - Sharpe Ratio Comparison

The current DUSL Sharpe Ratio is 1.22, which is comparable to the FNGU Sharpe Ratio of 1.13. The chart below compares the historical Sharpe Ratios of DUSL and FNGU, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

Sharpe Ratios by Period

	DUSL	FNGU	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	1.22	1.13	+0.09
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	0.34	—	—
Sharpe Ratio (All Time) Calculated using the full available price history	0.29	0.40	-0.11

Drawdowns

DUSL vs. FNGU - Drawdown Comparison

The maximum DUSL drawdown since its inception was -85.74%, which is greater than FNGU's maximum drawdown of -60.84%. Use the drawdown chart below to compare losses from any high point for DUSL and FNGU.

Drawdown Indicators

	DUSL	FNGU	Difference
Max Drawdown Largest peak-to-trough decline	-85.74%	-60.84%	-24.90%
Max Drawdown (1Y) Largest decline over 1 year	-33.68%	-59.55%	+25.87%
Max Drawdown (3Y) Largest decline over 3 years	-50.86%	—	—
Max Drawdown (5Y) Largest decline over 5 years	-58.43%	—	—
Current Drawdown Current decline from peak	-12.12%	-4.84%	-7.28%
Average Drawdown Average peak-to-trough decline	-22.00%	-22.06%	+0.06%
Ulcer Index Depth and duration of drawdowns from previous peaks	10.01%	24.57%	-14.56%

Volatility

DUSL vs. FNGU - Volatility Comparison

The current volatility for Direxion Daily Industrials Bull 3X Shares (DUSL) is 14.46%, while MicroSectors FANG+™ Index 3X Leveraged ETN (FNGU) has a volatility of 16.40%. This indicates that DUSL experiences smaller price fluctuations and is considered to be less risky than FNGU based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	DUSL	FNGU	Difference
Volatility (1M) Calculated over the trailing 1-month period	14.46%	16.40%	-1.94%
Volatility (6M) Calculated over the trailing 6-month period	38.89%	44.77%	-5.88%
Volatility (1Y) Calculated over the trailing 1-year period	46.89%	57.50%	-10.61%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	52.51%	78.60%	-26.09%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	61.55%	78.60%	-17.05%

DUSL vs. FNGU - Expense Ratio Comparison

DUSL has a 1.01% expense ratio, which is higher than FNGU's 0.95% expense ratio.

Dividends

DUSL vs. FNGU - Dividend Comparison

DUSL's dividend yield for the trailing twelve months is around 8.74%, while FNGU has not paid dividends to shareholders.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017
DUSL Direxion Daily Industrials Bull 3X Shares	8.74%	11.39%	6.61%	1.28%	0.66%	0.07%	0.48%	1.01%	1.46%	0.57%
FNGU MicroSectors FANG+™ Index 3X Leveraged ETN	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%

Frequently Asked Questions

Can I hold both DUSL and FNGU in my portfolio?

DUSL and FNGU have a correlation of 0.36, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, DUSL or FNGU?

FNGU has higher volatility (16.40%) compared to DUSL (14.46%). In terms of maximum drawdown, DUSL dropped -85.74% vs FNGU's -60.84%.

Which ETF is better, DUSL or FNGU?

On 1-year performance, FNGU leads with 64.67% vs 56.97% for DUSL. On fees, FNGU is cheaper at 0.95% per year. On volatility, DUSL has been the lower-risk option at 14.46%. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF has performed better, DUSL or FNGU?

Over the 1-year period, FNGU has performed better with a 64.67% return vs 56.97%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.

Which ETF is cheaper, DUSL or FNGU?

FNGU is cheaper with a 0.95% expense ratio, compared with 1.01% for DUSL.

Which ETF pays a higher dividend yield, DUSL or FNGU?

DUSL has the higher dividend yield at 8.74%, compared with 0.00% for FNGU.

What is the main difference between DUSL and FNGU?

DUSL tracks Industrials Select Sector Index (300%), while FNGU tracks NYSE FANG (TR) (300%). They also come from different issuers: Direxion and Bank of Montreal. Their fees differ too: 1.01% for DUSL and 0.95% for FNGU.

Which has better risk-adjusted returns?

DUSL currently has the higher Sharpe Ratio (1.22 vs 1.13), 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.