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.
Key characteristics
| FNGG | SOXL | |
|---|---|---|
| YTD Return | 84.41% | 1.41% |
| 1Y Return | 116.88% | 59.41% |
| 3Y Return (Ann) | -18.41% | -20.15% |
| Sharpe Ratio | 2.45 | 0.55 |
| Sortino Ratio | 2.77 | 1.34 |
| Omega Ratio | 1.37 | 1.17 |
| Calmar Ratio | 1.55 | 0.76 |
| Martin Ratio | 10.25 | 1.80 |
| Ulcer Index | 11.38% | 30.53% |
| Daily Std Dev | 47.53% | 100.59% |
| Max Drawdown | -91.33% | -90.46% |
| Current Drawdown | -46.06% | -55.71% |
Correlation
The correlation between FNGG and SOXL is 0.79, which is considered to be high. That indicates a strong positive relationship between their price movements. Having highly-correlated positions in a portfolio may signal a lack of diversification, potentially leading to increased risk during market downturns.
Performance
FNGG vs. SOXL - Performance Comparison
In the year-to-date period, FNGG achieves a 84.41% return, which is significantly higher than SOXL's 1.41% return. The chart below displays the growth of a $10,000 investment in both assets, with all prices adjusted for splits and dividends.
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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 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.
Dividends
FNGG vs. SOXL - Dividend Comparison
FNGG's dividend yield for the trailing twelve months is around 0.92%, less than SOXL's 0.97% yield.
| TTM | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | |
|---|---|---|---|---|---|---|---|---|---|---|---|
FNGG Direxion Daily NYSE FANG+ Bull 2X Shares | 0.92% | 0.88% | 0.00% | 4.99% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
SOXL Direxion Daily Semiconductor Bull 3x Shares | 0.97% | 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 -91.33%, roughly equal to 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.
Volatility
FNGG vs. SOXL - Volatility Comparison
The current volatility for Direxion Daily NYSE FANG+ Bull 2X Shares (FNGG) is 13.26%, while Direxion Daily Semiconductor Bull 3x Shares (SOXL) has a volatility of 29.04%. This indicates that FNGG experiences smaller price fluctuations and is considered to be less risky than SOXL based on this measure. The chart below showcases a comparison of their rolling one-month volatility.