FNGG vs. SOXL
Compare and contrast key facts about Direxion Daily NYSE FANG+ Bull 2X Shares (FNGG) and Direxion Daily Semiconductor Bull 3x Shares (SOXL).
FNGG and SOXL 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. SOXL is a passively managed fund by Direxion that tracks the performance of the PHLX Semiconductor Index (300%). It was launched on Mar 11, 2010. Both FNGG and SOXL are passive ETFs, meaning that they are not actively managed but aim to replicate the performance of the underlying index as closely as possible.
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: FNGG or SOXL.
Correlation
The correlation between FNGG and SOXL 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. SOXL - Performance Comparison
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Key characteristics
FNGG:
40.65%
SOXL:
127.74%
FNGG:
-3.08%
SOXL:
-90.46%
FNGG:
-3.08%
SOXL:
-80.15%
Returns By Period
FNGG
N/A
N/A
N/A
N/A
N/A
N/A
SOXL
-48.17%
37.93%
-59.92%
-65.25%
11.45%
20.66%
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FNGG vs. SOXL - Expense Ratio Comparison
FNGG has a 0.98% expense ratio, which is lower than SOXL's 0.99% expense ratio.
Risk-Adjusted Performance
FNGG vs. SOXL — Risk-Adjusted Performance Rank
FNGG
SOXL
FNGG vs. SOXL - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for Direxion Daily NYSE FANG+ Bull 2X Shares (FNGG) and Direxion Daily Semiconductor Bull 3x Shares (SOXL). 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. SOXL - Dividend Comparison
FNGG has not paid dividends to shareholders, while SOXL's dividend yield for the trailing twelve months is around 2.49%.
| TTM | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
FNGG Direxion Daily NYSE FANG+ Bull 2X Shares | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
SOXL Direxion Daily Semiconductor Bull 3x Shares | 2.49% | 1.18% | 0.51% | 1.08% | 0.04% | 0.05% | 0.38% | 1.30% | 0.09% | 4.84% | 0.00% | 0.00% |
Drawdowns
FNGG vs. SOXL - Drawdown Comparison
The maximum FNGG drawdown since its inception was -3.08%, smaller than the maximum SOXL drawdown of -90.46%. Use the drawdown chart below to compare losses from any high point for FNGG and SOXL. For additional features, visit the drawdowns tool.
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Volatility
FNGG vs. SOXL - Volatility Comparison
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