FNGG vs. TMF
FNGG (Direxion Daily NYSE FANG+ Bull 2X Shares) and TMF (Direxion Daily 20+ Year Treasury Bull 3X ETF) are both exchange-traded funds - FNGG is a Leveraged Equities fund tracking the NYSE FANG+ Index (2x Leveraged), while TMF is a Leveraged Bonds fund tracking the ICE U.S. Treasury 20+ Year Bond Index (300%). Both are passively managed. Over the past 3 years, FNGG returned 46.89%/yr vs -20.63%/yr for TMF. Their 0.07 correlation means their historical movements had little consistent relationship. FNGG charges 0.97%/yr vs 1.01%/yr for TMF.
Performance
FNGG vs. TMF - Performance Comparison
Loading charts...
Returns By Period
In the year-to-date period, FNGG achieves a 11.69% return, which is significantly higher than TMF's -16.67% return.
FNGG
- 1D
- 3.83%
- 1M
- 1.46%
- 6M
- 20.01%
- YTD
- 11.69%
- 1Y
- 22.57%
- 3Y*
- 46.89%
- 5Y*
- —
- 10Y*
- —
- ALL TIME*
- 1.19%
TMF
- 1D
- -2.08%
- 1M
- -12.05%
- 6M
- -15.79%
- YTD
- -16.67%
- 1Y
- -18.44%
- 3Y*
- -20.63%
- 5Y*
- -34.74%
- 10Y*
- -18.47%
- ALL TIME*
- -6.68%
Liquidity Comparison
| Position | Avg. Volume Value (2W) | Avg. Volume Value (1M) | Avg. Volume Value (3M) |
|---|---|---|---|
| $659.98K | $756.57K | $1.71M | |
| $161.82M | $130.43M | $127.82M |
FNGG vs. TMF - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | |
|---|---|---|---|---|---|---|
FNGG Direxion Daily NYSE FANG+ Bull 2X Shares | 11.69% | 27.21% | 98.76% | 204.23% | -87.15% | -4.05% |
TMF Direxion Daily 20+ Year Treasury Bull 3X ETF | -16.67% | -2.94% | -35.95% | -13.01% | -72.60% | 6.88% |
Correlation
The correlation between FNGG and TMF is 0.13, which is low. Their historical price movements had little consistent relationship.
| Correlation | |
|---|---|
Correlation (1Y) Focuses on recent behavior, but can change the most. | 0.13 |
Correlation (3Y) Balances recent behavior with more history. | 0.06 |
Correlation (All Time) Calculated using the full available price history since Sep 30, 2021 | 0.07 |
Compare stocks, funds, or ETFs
Search for stocks, ETFs, and funds for a quick comparison or use the comparison tool for more options.
Return for Risk
FNGG vs. TMF — Risk / Return Rank
FNGG
TMF
FNGG vs. TMF - 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 20+ Year Treasury Bull 3X ETF (TMF). 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.
Values are calculated on a 1-year rolling basis and updated daily. Risk-adjusted metrics are more stable over longer periods — use the period switch above to explore them.
| FNGG | TMF | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.91 | ||
| Sortino ratioReturn per unit of downside risk | +1.43 | ||
| Omega ratioGain probability vs. loss probability | 1.09 | 0.93 | +0.16 |
| Calmar ratioReturn relative to maximum drawdown | 0.37 | -0.53 | +0.89 |
| Martin ratioReturn relative to average drawdown | 0.90 | -1.07 | +1.97 |
Loading charts...
Drawdowns
FNGG vs. TMF - Drawdown Comparison
The maximum FNGG drawdown since its inception was -91.33%, roughly equal to the maximum TMF drawdown of -93.10%. Use the drawdown chart below to compare losses from any high point for FNGG and TMF.
Loading charts...
Drawdown Indicators
| FNGG | TMF | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -91.33% | -93.10% | +1.77% |
Max Drawdown (1Y)Largest decline over 1 year | -43.01% | -28.69% | -14.32% |
Max Drawdown (3Y)Largest decline over 3 years | -47.03% | -50.64% | +3.61% |
Max Drawdown (5Y)Largest decline over 5 years | — | -89.14% | — |
Max Drawdown (10Y)Largest decline over 10 years | — | -93.10% | — |
Current DrawdownCurrent decline from peak | -17.39% | -93.10% | +75.71% |
Average DrawdownAverage peak-to-trough decline | -54.74% | -44.07% | -10.67% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 17.59% | 14.10% | +3.49% |
Volatility
FNGG vs. TMF - Volatility Comparison
Direxion Daily NYSE FANG+ Bull 2X Shares (FNGG) has a higher volatility of 12.01% compared to Direxion Daily 20+ Year Treasury Bull 3X ETF (TMF) at 7.21%. This indicates that FNGG's price experiences larger fluctuations and is considered to be riskier than TMF based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
Loading charts...
Volatility by Period
| FNGG | TMF | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 12.01% | 7.21% | +4.80% |
Volatility (6M)Calculated over the trailing 6-month period | 35.72% | 19.98% | +15.74% |
Volatility (1Y)Calculated over the trailing 1-year period | 44.43% | 27.35% | +17.08% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 67.29% | 46.36% | +20.93% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 67.29% | 43.70% | +23.59% |
FNGG vs. TMF - Expense Ratio Comparison
FNGG has a 0.97% expense ratio, which is lower than TMF's 1.01% expense ratio.
Dividends
FNGG vs. TMF - Dividend Comparison
FNGG's dividend yield for the trailing twelve months is around 10.66%, more than TMF's 4.74% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 |
|---|---|---|---|---|---|---|---|---|---|---|
FNGG Direxion Daily NYSE FANG+ Bull 2X Shares | 10.66% | 11.89% | 0.79% | 0.88% | 0.00% | 4.99% | 0.00% | 0.00% | 0.00% | 0.00% |
TMF Direxion Daily 20+ Year Treasury Bull 3X ETF | 4.74% | 4.06% | 4.29% | 2.82% | 1.62% | 0.13% | 2.23% | 0.94% | 1.49% | 0.41% |
Frequently Asked Questions
FNGG and TMF have a correlation of 0.13, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
FNGG has higher volatility (12.01%) compared to TMF (7.21%). In terms of maximum drawdown, FNGG dropped -91.33% vs TMF's -93.10%.
On 3-year performance, FNGG leads with 46.89% vs -20.63% for TMF. On fees, FNGG is cheaper at 0.97% per year. On volatility, TMF has been the lower-risk option at 7.21%. The better choice depends on whether you care most about return, fees, risk, or income.
Over the 3-year period, FNGG has performed better with a 46.89% return vs -20.63%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.
FNGG is cheaper with a 0.97% expense ratio, compared with 1.01% for TMF.
FNGG has the higher dividend yield at 10.66%, compared with 4.74% for TMF.
FNGG is categorized as Leveraged Equities, while TMF is Leveraged Bonds. FNGG tracks NYSE FANG+ Index (2x Leveraged), while TMF tracks ICE U.S. Treasury 20+ Year Bond Index (300%). Their fees differ too: 0.97% for FNGG and 1.01% for TMF.
FNGG currently has the higher Sharpe Ratio (0.36 vs -0.55), 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.
Find the right allocation for FNGG and TMF
Add both to a portfolio and optimize allocations for your target — whether that's maximizing returns, minimizing drawdowns, or balancing risk across holdings.
Open Portfolio Optimizer