WANT vs. FNGU

Last updated Jul 22, 2026

WANT (Direxion Daily Consumer Discretionary Bull 3X Shares) and FNGU (MicroSectors FANG+ 3X Leveraged ETNs) are both Leveraged Equities funds - WANT tracks the S&P Consumer Discretionary Select Sector Index (-300%) while FNGU tracks the NYSE FANG+ Index (Gross Total Return) (300%). Both are passively managed. Over the past year, WANT returned -9.28% vs 11.04% for FNGU. A 0.63 correlation means they provide meaningful diversification when combined. WANT charges 0.98%/yr vs 2.60%/yr for FNGU.

Performance

WANT vs. FNGU - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Direxion Daily Consumer Discretionary Bull 3X Shares (WANT) and MicroSectors FANG+ 3X Leveraged ETNs (FNGU). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, WANT achieves a -19.95% return, which is significantly lower than FNGU's 10.29% return.

WANT

• 1D: 0.33%
• 1M: -6.84%
• 6M: -18.61%
• YTD: -19.95%
• 1Y: -9.28%
• 3Y*: 7.62%
• 5Y*: -9.92%
• 10Y*: —
• ALL TIME*: 7.01%

FNGU

• 1D: 2.99%
• 1M: -5.11%
• 6M: 29.10%
• YTD: 10.29%
• 1Y: 11.04%
• 3Y*: —
• 5Y*: —
• 10Y*: —
• ALL TIME*: 9.46%

*Multi-year figures are annualized to reflect compound growth (CAGR)

WANT vs. FNGU - Yearly Performance Comparison

	2026 (YTD)	2025
WANT Direxion Daily Consumer Discretionary Bull 3X Shares	-19.95%	-6.51%
FNGU MicroSectors FANG+ 3X Leveraged ETNs	10.29%	3.02%

Correlation

The correlation between WANT and FNGU is 0.58, which is moderate. They share some common price drivers but move independently often enough to provide real diversification benefit when combined.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	0.58
Correlation (All Time) Calculated using the full available price history since Feb 20, 2025	0.63

The correlation between WANT and FNGU has been stable across timeframes, ranging from 0.58 to 0.63 - a consistent structural relationship.

WANT vs. FNGU - Sectors Allocation Comparison

Sectors	WANT	FNGU
Consumer Cyclical	21.3%	9.6%
Communication Services	0.4%	29.8%
Technology	0.2%	60.6%
Industrials	0.1%	-
Basic Materials	-	-
Consumer Defensive	-	-
Energy	-	-
Financial Services	-	-
Healthcare	-	-
Real Estate	-	-
Utilities	-	-

Return for Risk

WANT vs. FNGU — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.

WANT

WANT Risk / Return Rank: 9
WANT Sharpe Ratio Rank: 9
WANT Sortino Ratio Rank: 11
WANT Omega Ratio Rank: 10
WANT Calmar Ratio Rank: 8
WANT Martin Ratio Rank: 8

FNGU

FNGU Risk / Return Rank: 15
FNGU Sharpe Ratio Rank: 14
FNGU Sortino Ratio Rank: 18
FNGU Omega Ratio Rank: 18
FNGU Calmar Ratio Rank: 13
FNGU Martin Ratio Rank: 13

The rank (0–100) shows how this investment's returns compare to the risk taken. Higher = better. Based on the past 12 months of data, combining Sharpe, Sortino, and other metrics used by quantitative funds and institutional investors.

WANT vs. FNGU - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Direxion Daily Consumer Discretionary Bull 3X Shares (WANT) and MicroSectors FANG+ 3X Leveraged ETNs (FNGU). 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.

	WANT	FNGU	Difference
Sharpe ratio: Return per unit of total volatility	-0.17	0.17	-0.34
Sortino ratio: Return per unit of downside risk	0.14	0.69	-0.55
Omega ratio: Gain probability vs. loss probability	1.02	1.08	-0.07
Calmar ratio: Return relative to maximum drawdown	-0.23	0.19	-0.41
Martin ratio: Return relative to average drawdown	-0.53	0.42	-0.95

WANT vs. FNGU - Sharpe Ratio Comparison

The current WANT Sharpe Ratio is -0.17, which is lower than the FNGU Sharpe Ratio of 0.17. The chart below compares the historical Sharpe Ratios of WANT and FNGU, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

Drawdowns

WANT vs. FNGU - Drawdown Comparison

The maximum WANT drawdown since its inception was -85.89%, which is greater than FNGU's maximum drawdown of -61.30%. Use the drawdown chart below to compare losses from any high point for WANT and FNGU.

Drawdown Indicators

	WANT	FNGU	Difference
Max Drawdown Largest peak-to-trough decline	-85.89%	-61.30%	-24.59%
Max Drawdown (1Y) Largest decline over 1 year	-41.27%	-59.55%	+18.28%
Max Drawdown (3Y) Largest decline over 3 years	-63.53%	—	—
Max Drawdown (5Y) Largest decline over 5 years	-85.89%	—	—
Current Drawdown Current decline from peak	-61.42%	-22.93%	-38.49%
Average Drawdown Average peak-to-trough decline	-43.33%	-22.44%	-20.89%
Ulcer Index Depth and duration of drawdowns from previous peaks	17.64%	26.14%	-8.50%

Volatility

WANT vs. FNGU - Volatility Comparison

The current volatility for Direxion Daily Consumer Discretionary Bull 3X Shares (WANT) is 15.21%, while MicroSectors FANG+ 3X Leveraged ETNs (FNGU) has a volatility of 18.17%. This indicates that WANT experiences smaller price fluctuations and is considered to be less risky than FNGU based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	WANT	FNGU	Difference
Volatility (1M) Calculated over the trailing 1-month period	15.21%	18.17%	-2.96%
Volatility (6M) Calculated over the trailing 6-month period	41.82%	53.37%	-11.55%
Volatility (1Y) Calculated over the trailing 1-year period	55.28%	64.82%	-9.54%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	71.09%	79.79%	-8.70%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	71.29%	79.79%	-8.50%

WANT vs. FNGU - Expense Ratio Comparison

WANT has a 0.98% expense ratio, which is lower than FNGU's 2.60% expense ratio.

Dividends

WANT vs. FNGU - Dividend Comparison

WANT's dividend yield for the trailing twelve months is around 0.55%, while FNGU has not paid dividends to shareholders.

Position	TTM	2025	2024	2023	2022	2021	2020	2019
FNGU MicroSectors FANG+ 3X Leveraged ETNs	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
WANT Direxion Daily Consumer Discretionary Bull 3X Shares	0.55%	0.65%	0.61%	0.46%	0.00%	0.00%	0.07%	0.64%

Frequently Asked Questions

Can I hold both WANT and FNGU in my portfolio?

WANT and FNGU have a correlation of 0.58, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, WANT or FNGU?

FNGU has higher volatility (18.17%) compared to WANT (15.21%). In terms of maximum drawdown, WANT dropped -85.89% vs FNGU's -61.30%.

Which ETF is better, WANT or FNGU?

On 1-year performance, FNGU leads with 11.04% vs -9.28% for WANT. On fees, WANT is cheaper at 0.98% per year. On volatility, WANT has been the lower-risk option at 15.21%. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF has performed better, WANT or FNGU?

Over the 1-year period, FNGU has performed better with a 11.04% return vs -9.28%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.

Which ETF is cheaper, WANT or FNGU?

WANT is cheaper with a 0.98% expense ratio, compared with 2.60% for FNGU.

Which ETF pays a higher dividend yield, WANT or FNGU?

WANT has the higher dividend yield at 0.55%, compared with 0.00% for FNGU.

What is the main difference between WANT and FNGU?

WANT tracks S&P Consumer Discretionary Select Sector Index (-300%), while FNGU tracks NYSE FANG+ Index (Gross Total Return) (300%). They also come from different issuers: Direxion and Bank of Montreal. Their fees differ too: 0.98% for WANT and 2.60% for FNGU.

Which has better risk-adjusted returns?

FNGU currently has the higher Sharpe Ratio (0.17 vs -0.17), 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.