FNGO vs. FNGG
Compare and contrast key facts about MicroSectors FANG+ Index 2X Leveraged ETN (FNGO) and Direxion Daily NYSE FANG+ Bull 2X Shares (FNGG).
FNGO and FNGG are both exchange-traded funds (ETFs), meaning they are traded on stock exchanges and can be bought and sold throughout the day. FNGO is a passively managed fund by Bank of Montreal that tracks the performance of the NYSE FANG+ Index (+200%). It was launched on Aug 1, 2018. 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. Both FNGO and FNGG 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
FNGO vs. FNGG - Performance Comparison
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FNGO vs. FNGG - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | |
|---|---|---|---|---|---|---|
FNGO MicroSectors FANG+ Index 2X Leveraged ETN | -22.92% | 25.49% | 101.65% | 240.10% | -71.55% | 9.96% |
FNGG Direxion Daily NYSE FANG+ Bull 2X Shares | -23.23% | 27.21% | 98.76% | 204.23% | -87.15% | -3.07% |
Returns By Period
The year-to-date returns for both stocks are quite close, with FNGO having a -22.92% return and FNGG slightly lower at -23.23%.
FNGO
- 1D
- 2.95%
- 1M
- -8.44%
- YTD
- -22.92%
- 6M
- -28.65%
- 1Y
- 28.52%
- 3Y*
- 52.54%
- 5Y*
- 18.17%
- 10Y*
- —
FNGG
- 1D
- 3.06%
- 1M
- -8.46%
- YTD
- -23.23%
- 6M
- -28.21%
- 1Y
- 27.59%
- 3Y*
- 52.16%
- 5Y*
- —
- 10Y*
- —
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FNGO vs. FNGG - Expense Ratio Comparison
FNGO has a 0.95% expense ratio, which is lower than FNGG's 0.98% expense ratio.
Return for Risk
FNGO vs. FNGG — Risk / Return Rank
FNGO
FNGG
FNGO vs. FNGG - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for MicroSectors FANG+ Index 2X Leveraged ETN (FNGO) and Direxion Daily NYSE FANG+ Bull 2X Shares (FNGG). 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.
| FNGO | FNGG | Difference | |
|---|---|---|---|
Sharpe ratioReturn per unit of total volatility | 0.53 | 0.51 | +0.01 |
Sortino ratioReturn per unit of downside risk | 1.16 | 1.13 | +0.03 |
Omega ratioGain probability vs. loss probability | 1.15 | 1.15 | 0.00 |
Calmar ratioReturn relative to maximum drawdown | 0.74 | 0.73 | +0.01 |
Martin ratioReturn relative to average drawdown | 2.08 | 2.07 | +0.02 |
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month. | |||
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Sharpe Ratios by Period
| FNGO | FNGG | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 0.53 | 0.51 | +0.01 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.30 | — | — |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.53 | -0.10 | +0.63 |
Correlation
The correlation between FNGO and FNGG is 0.95, 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
FNGO vs. FNGG - Dividend Comparison
FNGO has not paid dividends to shareholders, while FNGG's dividend yield for the trailing twelve months is around 15.44%.
| TTM | 2025 | 2024 | 2023 | 2022 | 2021 | |
|---|---|---|---|---|---|---|
FNGO MicroSectors FANG+ Index 2X Leveraged ETN | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
FNGG Direxion Daily NYSE FANG+ Bull 2X Shares | 15.44% | 11.89% | 0.79% | 0.88% | 0.00% | 4.99% |
Drawdowns
FNGO vs. FNGG - Drawdown Comparison
The maximum FNGO drawdown since its inception was -78.39%, smaller than the maximum FNGG drawdown of -91.33%. Use the drawdown chart below to compare losses from any high point for FNGO and FNGG.
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Drawdown Indicators
| FNGO | FNGG | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -78.39% | -91.33% | +12.94% |
Max Drawdown (1Y)Largest decline over 1 year | -42.73% | -43.01% | +0.28% |
Max Drawdown (5Y)Largest decline over 5 years | -78.39% | — | — |
Current DrawdownCurrent decline from peak | -35.78% | -43.22% | +7.44% |
Average DrawdownAverage peak-to-trough decline | -24.17% | -57.35% | +33.18% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 15.17% | 15.21% | -0.04% |
Volatility
FNGO vs. FNGG - Volatility Comparison
MicroSectors FANG+ Index 2X Leveraged ETN (FNGO) and Direxion Daily NYSE FANG+ Bull 2X Shares (FNGG) have volatilities of 16.20% and 16.13%, 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.
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Volatility by Period
| FNGO | FNGG | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 16.20% | 16.13% | +0.07% |
Volatility (6M)Calculated over the trailing 6-month period | 30.54% | 30.53% | +0.01% |
Volatility (1Y)Calculated over the trailing 1-year period | 54.60% | 54.17% | +0.43% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 60.29% | 68.39% | -8.10% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 61.90% | 68.39% | -6.49% |