FNGG vs. NVDL
Compare and contrast key facts about Direxion Daily NYSE FANG+ Bull 2X Shares (FNGG) and GraniteShares 2x Long NVDA Daily ETF (NVDL).
FNGG and NVDL are both exchange-traded funds (ETFs), meaning they are traded on stock exchanges and can be bought and sold throughout the day. FNGG is a passively managed fund by Direxion that tracks the performance of the NYSE FANG+ Index (2x Leveraged). It was launched on Sep 30, 2021. NVDL is an actively managed fund by GraniteShares. It was launched on Dec 13, 2022.
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: FNGG or NVDL.
Correlation
The correlation between FNGG and NVDL is 0.40, which is considered to be low. This implies their price changes are not closely related. A low correlation is generally favorable for portfolio diversification, as it helps to reduce overall risk by spreading it across multiple assets with different performance patterns.
Performance
FNGG vs. NVDL - Performance Comparison
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Key characteristics
FNGG:
40.65%
NVDL:
55.58%
FNGG:
-3.08%
NVDL:
-1.41%
FNGG:
-3.08%
NVDL:
-1.41%
Returns By Period
FNGG
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NVDL
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FNGG vs. NVDL - Expense Ratio Comparison
FNGG has a 0.98% expense ratio, which is lower than NVDL's 1.15% expense ratio.
Risk-Adjusted Performance
FNGG vs. NVDL — Risk-Adjusted Performance Rank
FNGG
NVDL
FNGG vs. NVDL - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for Direxion Daily NYSE FANG+ Bull 2X Shares (FNGG) and GraniteShares 2x Long NVDA Daily ETF (NVDL). 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.
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Dividends
FNGG vs. NVDL - Dividend Comparison
FNGG's dividend yield for the trailing twelve months is around 1.08%, while NVDL has not paid dividends to shareholders.
| TTM | 2024 | 2023 | 2022 | 2021 | |
|---|---|---|---|---|---|
FNGG Direxion Daily NYSE FANG+ Bull 2X Shares | 1.08% | 0.00% | 0.00% | 0.00% | 0.00% |
NVDL GraniteShares 2x Long NVDA Daily ETF | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
Drawdowns
FNGG vs. NVDL - Drawdown Comparison
The maximum FNGG drawdown since its inception was -3.08%, which is greater than NVDL's maximum drawdown of -1.41%. Use the drawdown chart below to compare losses from any high point for FNGG and NVDL. For additional features, visit the drawdowns tool.
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Volatility
FNGG vs. NVDL - Volatility Comparison
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