FNGG vs. HDV

Last updated Jun 5, 2026

FNGG (Direxion Daily NYSE FANG+ Bull 2X Shares) and HDV (iShares Core High Dividend ETF) are both exchange-traded funds - FNGG is a Leveraged Equities fund tracking the NYSE FANG+ Index (2x Leveraged), while HDV is a Dividend fund tracking the Morningstar Dividend Yield Focus Index. Both are passively managed. Over the past 3 years, FNGG returned 58.90%/yr vs 15.28%/yr for HDV. At a 0.17 correlation, their price movements are largely independent. FNGG charges 0.98%/yr vs 0.08%/yr for HDV.

Performance

FNGG vs. HDV - Performance Comparison

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

Returns By Period

In the year-to-date period, FNGG achieves a 23.30% return, which is significantly higher than HDV's 13.48% return.

FNGG

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

HDV

• 1D: 0.70%
• 1M: 0.51%
• YTD: 13.48%
• 6M: 13.49%
• 1Y: 22.15%
• 3Y*: 15.28%
• 5Y*: 10.47%
• 10Y*: 9.29%

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

FNGG vs. HDV - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021
FNGG Direxion Daily NYSE FANG+ Bull 2X Shares	23.30%	27.21%	98.76%	204.23%	-87.15%	-3.07%
HDV iShares Core High Dividend ETF	13.48%	11.90%	14.16%	1.72%	7.05%	8.29%

Correlation

The correlation between FNGG and HDV is -0.24, meaning they tend to move in opposite directions. This is especially valuable for risk management - when one declines, the other has historically tended to hold steady or rise.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	-0.24
Correlation (3Y) Calculated over the trailing 3-year period	-0.04
Correlation (All Time) Calculated using the full available price history since Oct 1, 2021	0.17

The correlation between FNGG and HDV shifts across timeframes, from -0.24 (1 year) to 0.17 (all time), reflecting how their relationship changes across market environments.

FNGG vs. HDV - Sectors Allocation Comparison

Sectors	FNGG	HDV
Technology	10.6%	8.2%
Communication Services	4.6%	0.1%
Consumer Cyclical	1.8%	6.1%
Basic Materials	-	1.2%
Consumer Defensive	-	24.1%
Energy	-	22.3%
Financial Services	-	11.1%
Healthcare	-	16.5%
Industrials	-	1.4%
Real Estate	-	-
Utilities	-	9.2%

Return for Risk

FNGG vs. HDV — 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

HDV

HDV Risk / Return Rank: 73
HDV Sharpe Ratio Rank: 71
HDV Sortino Ratio Rank: 76
HDV Omega Ratio Rank: 67
HDV Calmar Ratio Rank: 82
HDV Martin Ratio Rank: 66

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.

FNGG vs. HDV - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Direxion Daily NYSE FANG+ Bull 2X Shares (FNGG) and iShares Core High Dividend ETF (HDV). 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.

	FNGG	HDV	Difference
Sharpe ratio: Return per unit of total volatility	1.21	2.29	-1.09
Sortino ratio: Return per unit of downside risk	1.73	3.38	-1.65
Omega ratio: Gain probability vs. loss probability	1.21	1.39	-0.18
Calmar ratio: Return relative to maximum drawdown	1.12	4.30	-3.18
Martin ratio: Return relative to average drawdown	2.95	11.97	-9.02
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

FNGG vs. HDV - Sharpe Ratio Comparison

The current FNGG Sharpe Ratio is 1.21, which is lower than the HDV Sharpe Ratio of 2.29. The chart below compares the historical Sharpe Ratios of FNGG and HDV, 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

	FNGG	HDV	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	1.21	2.29	-1.09
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	—	0.82	—
Sharpe Ratio (10Y) Calculated over the trailing 10-year period	—	0.59	—
Sharpe Ratio (All Time) Calculated using the full available price history	0.05	0.73	-0.67

Drawdowns

FNGG vs. HDV - Drawdown Comparison

The maximum FNGG drawdown since its inception was -91.33%, which is greater than HDV's maximum drawdown of -37.04%. Use the drawdown chart below to compare losses from any high point for FNGG and HDV.

Drawdown Indicators

	FNGG	HDV	Difference
Max Drawdown Largest peak-to-trough decline	-91.33%	-37.04%	-54.29%
Max Drawdown (1Y) Largest decline over 1 year	-43.01%	-5.18%	-37.83%
Max Drawdown (3Y) Largest decline over 3 years	-47.03%	-10.49%	-36.54%
Max Drawdown (5Y) Largest decline over 5 years	—	-15.42%	—
Max Drawdown (10Y) Largest decline over 10 years	—	-37.04%	—
Current Drawdown Current decline from peak	-8.81%	-1.86%	-6.95%
Average Drawdown Average peak-to-trough decline	-56.00%	-3.09%	-52.91%
Ulcer Index Depth and duration of drawdowns from previous peaks	16.25%	1.86%	+14.39%

Volatility

FNGG vs. HDV - Volatility Comparison

Direxion Daily NYSE FANG+ Bull 2X Shares (FNGG) has a higher volatility of 12.57% compared to iShares Core High Dividend ETF (HDV) at 3.23%. This indicates that FNGG's price experiences larger fluctuations and is considered to be riskier than HDV based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	FNGG	HDV	Difference
Volatility (1M) Calculated over the trailing 1-month period	12.57%	3.23%	+9.34%
Volatility (6M) Calculated over the trailing 6-month period	30.87%	7.54%	+23.33%
Volatility (1Y) Calculated over the trailing 1-year period	39.86%	9.75%	+30.11%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	67.64%	12.82%	+54.82%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	67.64%	15.73%	+51.91%

FNGG vs. HDV - Expense Ratio Comparison

FNGG has a 0.98% expense ratio, which is higher than HDV's 0.08% expense ratio.

Dividends

FNGG vs. HDV - Dividend Comparison

FNGG's dividend yield for the trailing twelve months is around 9.61%, more than HDV's 2.89% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
FNGG Direxion Daily NYSE FANG+ Bull 2X Shares	9.61%	11.89%	0.79%	0.88%	0.00%	4.99%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
HDV iShares Core High Dividend ETF	2.89%	3.22%	3.67%	3.82%	3.56%	3.47%	4.07%	3.27%	3.67%	3.27%	3.28%	3.92%

Frequently Asked Questions

Can I hold both FNGG and HDV in my portfolio?

FNGG and HDV have a correlation of -0.24, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, FNGG or HDV?

FNGG has higher volatility (12.57%) compared to HDV (3.23%). In terms of maximum drawdown, FNGG dropped -91.33% vs HDV's -37.04%.

Which ETF is better, FNGG or HDV?

On 3-year performance, FNGG leads with 58.90% vs 15.28% for HDV. On fees, HDV is cheaper at 0.08% per year. On volatility, HDV has been the lower-risk option at 3.23%. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF has performed better, FNGG or HDV?

Over the 3-year period, FNGG has performed better with a 58.90% return vs 15.28%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.

Which ETF is cheaper, FNGG or HDV?

HDV is cheaper with a 0.08% expense ratio, compared with 0.98% for FNGG.

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

FNGG has the higher dividend yield at 9.61%, compared with 2.89% for HDV.

What is the main difference between FNGG and HDV?

FNGG is categorized as Leveraged Equities, while HDV is Dividend. FNGG tracks NYSE FANG+ Index (2x Leveraged), while HDV tracks Morningstar Dividend Yield Focus Index. They also come from different issuers: Direxion and iShares. Their fees differ too: 0.98% for FNGG and 0.08% for HDV.

Which has better risk-adjusted returns?

HDV currently has the higher Sharpe Ratio (2.29 vs 1.21), 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.