FNGG vs. SPXL
Compare and contrast key facts about Direxion Daily NYSE FANG+ Bull 2X Shares (FNGG) and Direxion Daily S&P 500 Bull 3X Shares (SPXL).
FNGG and SPXL 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. SPXL is a passively managed fund by Direxion that tracks the performance of the S&P 500 Index (300%). It was launched on Nov 5, 2008. Both FNGG and SPXL are passive ETFs, meaning that they are not actively managed but aim to replicate the performance of the underlying index as closely as possible.
Performance
FNGG vs. SPXL - Performance Comparison
Loading graphics...
FNGG vs. SPXL - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | |
|---|---|---|---|---|---|---|
FNGG Direxion Daily NYSE FANG+ Bull 2X Shares | -25.51% | 27.21% | 98.76% | 204.23% | -87.15% | -3.07% |
SPXL Direxion Daily S&P 500 Bull 3X Shares | -15.99% | 31.94% | 63.61% | 69.49% | -56.55% | 34.17% |
Returns By Period
In the year-to-date period, FNGG achieves a -25.51% return, which is significantly lower than SPXL's -15.99% return.
FNGG
- 1D
- 9.29%
- 1M
- -9.53%
- YTD
- -25.51%
- 6M
- -30.33%
- 1Y
- 27.54%
- 3Y*
- 50.64%
- 5Y*
- —
- 10Y*
- —
SPXL
- 1D
- 8.63%
- 1M
- -15.66%
- YTD
- -15.99%
- 6M
- -12.47%
- 1Y
- 32.76%
- 3Y*
- 37.47%
- 5Y*
- 16.98%
- 10Y*
- 25.32%
Compare stocks, funds, or ETFs
Search for stocks, ETFs, and funds for a quick comparison or use the comparison tool for more options.
FNGG vs. SPXL - Expense Ratio Comparison
FNGG has a 0.98% expense ratio, which is lower than SPXL's 1.02% expense ratio.
Return for Risk
FNGG vs. SPXL — Risk / Return Rank
FNGG
SPXL
FNGG vs. SPXL - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Direxion Daily NYSE FANG+ Bull 2X Shares (FNGG) and Direxion Daily S&P 500 Bull 3X Shares (SPXL). 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 | SPXL | Difference | |
|---|---|---|---|
Sharpe ratioReturn per unit of total volatility | 0.51 | 0.61 | -0.09 |
Sortino ratioReturn per unit of downside risk | 1.13 | 1.18 | -0.05 |
Omega ratioGain probability vs. loss probability | 1.15 | 1.18 | -0.03 |
Calmar ratioReturn relative to maximum drawdown | 0.61 | 1.05 | -0.44 |
Martin ratioReturn relative to average drawdown | 1.73 | 4.21 | -2.48 |
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month. | |||
Loading graphics...
Sharpe Ratios by Period
| FNGG | SPXL | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 0.51 | 0.61 | -0.09 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | — | 0.34 | — |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | — | 0.48 | — |
Sharpe Ratio (All Time)Calculated using the full available price history | -0.11 | 0.47 | -0.58 |
Correlation
The correlation between FNGG and SPXL is 0.82, 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.
Dividends
FNGG vs. SPXL - Dividend Comparison
FNGG's dividend yield for the trailing twelve months is around 15.91%, more than SPXL's 0.80% yield.
| TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
FNGG Direxion Daily NYSE FANG+ Bull 2X Shares | 15.91% | 11.89% | 0.79% | 0.88% | 0.00% | 4.99% | 0.00% | 0.00% | 0.00% | 0.00% |
SPXL Direxion Daily S&P 500 Bull 3X Shares | 0.80% | 0.69% | 0.74% | 0.98% | 0.32% | 0.11% | 0.22% | 0.84% | 1.02% | 3.88% |
Drawdowns
FNGG vs. SPXL - Drawdown Comparison
The maximum FNGG drawdown since its inception was -91.33%, which is greater than SPXL's maximum drawdown of -76.86%. Use the drawdown chart below to compare losses from any high point for FNGG and SPXL.
Loading graphics...
Drawdown Indicators
| FNGG | SPXL | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -91.33% | -76.86% | -14.47% |
Max Drawdown (1Y)Largest decline over 1 year | -43.01% | -33.42% | -9.59% |
Max Drawdown (5Y)Largest decline over 5 years | — | -63.80% | — |
Max Drawdown (10Y)Largest decline over 10 years | — | -76.86% | — |
Current DrawdownCurrent decline from peak | -44.91% | -20.45% | -24.46% |
Average DrawdownAverage peak-to-trough decline | -57.36% | -15.85% | -41.51% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 15.04% | 8.34% | +6.70% |
Volatility
FNGG vs. SPXL - Volatility Comparison
Direxion Daily NYSE FANG+ Bull 2X Shares (FNGG) and Direxion Daily S&P 500 Bull 3X Shares (SPXL) have volatilities of 15.75% and 15.89%, respectively, indicating that both stocks experience similar levels of price fluctuations. This suggests that the risk associated with both stocks, as measured by volatility, is nearly the same. The chart below showcases a comparison of their rolling one-month volatility.
Loading graphics...
Volatility by Period
| FNGG | SPXL | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 15.75% | 15.89% | -0.14% |
Volatility (6M)Calculated over the trailing 6-month period | 30.35% | 28.45% | +1.90% |
Volatility (1Y)Calculated over the trailing 1-year period | 54.10% | 54.30% | -0.20% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 68.41% | 50.27% | +18.14% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 68.41% | 53.37% | +15.04% |