{"url":"https://etfiq.com/compare/leverage/fngd-vs-fngu","section":"compare","title":"FNGD vs FNGU: which held to its multiple? | ETFIQ","description":"FNGD sets out to return -3 times FNGS each day and FNGU +3 times. Over the three months to Sep 30, 2026 they finished +5.7 pts and \u22127.0 pts away.","as_of":"Sep 30, 2026","structured_data":[{"@type":"FAQPage","mainEntity":[{"@type":"Question","name":"Which came closer to its stated multiple, FNGD or FNGU?","acceptedAnswer":{"@type":"Answer","text":"Over the window to Sep 30, 2026, FNGD finished 5.7 points from what its multiple implies and FNGU finished 7.0 points from its own, so FNGD came closer. Neither figure predicts the next window: it depends on how much the underlying moves about."}},{"@type":"Question","name":"Are FNGD and FNGU levered on the same thing?","acceptedAnswer":{"@type":"Answer","text":"Yes. Both are levered on the big technology names, FNGD at -3 times and FNGU at +3 times the daily move."}},{"@type":"Question","name":"Which one decays faster, FNGD or FNGU?","acceptedAnswer":{"@type":"Answer","text":"Decay follows how much the underlying moves about. Over this window FNGD\u2019s moved at 20% annualized and FNGU\u2019s at 20%, so FNGD has the rougher ride and, at the same multiple, loses more to compounding."}},{"@type":"Question","name":"Can I hold FNGD or FNGU for a year?","acceptedAnswer":{"@type":"Answer","text":"Both reset every day, so the multiple in the name applies to a single day and the daily results compound. Over a year the total is not the multiple times the year\u2019s move, and in a market that falls and comes back it is reliably less. ETFIQ makes no recommendation either way."}}]},{"@type":"BreadcrumbList","itemListElement":[{"@type":"ListItem","position":1,"name":"ETFIQ","item":"https://etfiq.com/"},{"@type":"ListItem","position":2,"name":"Leveraged ETFs","item":"https://etfiq.com/leverage/"},{"@type":"ListItem","position":3,"name":"FNGD vs FNGU","item":"https://etfiq.com/compare/leverage/fngd-vs-fngu"}]},{"@type":"WebPage","name":"FNGD vs FNGU: which held to its multiple?","description":"FNGD sets out to return -3 times FNGS each day and FNGU +3 times. Over the three months to Sep 30, 2026 they finished +5.7 pts and \u22127.0 pts away.","url":"https://etfiq.com/compare/leverage/fngd-vs-fngu","dateModified":"2026-09-30","abstract":"Over three months against its own daily promise, FNGD finished 2.5 points over and FNGU 7.7 points short.","publisher":{"@id":"https://etfiq.com/#org"},"isPartOf":{"@id":"https://etfiq.com/#website"},"speakable":{"@type":"SpeakableSpecification","cssSelector":[".verdict",".faq"]}},{"@type":"Dataset","name":"ETFIQ comparison of FNGD and FNGU","description":"FNGD sets out to return -3 times FNGS each day and FNGU +3 times. Over the three months to Sep 30, 2026 they finished +5.7 pts and \u22127.0 pts away.","dateModified":"2026-09-30","creator":{"@id":"https://etfiq.com/#org"},"isAccessibleForFree":true,"url":"https://etfiq.com/compare/leverage/fngd-vs-fngu","license":"https://etfiq.com/standards/","publisher":{"@id":"https://etfiq.com/#org"},"inLanguage":"en","creativeWorkStatus":"Published","distribution":[{"@type":"DataDownload","encodingFormat":"application/json","contentUrl":"https://etfiq.com/data/leverage.json"}],"variableMeasured":["Stated multiple","Underlying return","What the stated multiple implies","Fund total return","Difference against the label","Volatility of the underlying","Expense ratio"],"keywords":["exchange-traded funds","ETF","Leveraged ETFs","fund data","SEC filings"]}],"characters":6958,"truncated":true,"content":"ETFIQ / Leveraged ETFs / Head to head / FNGD vs FNGU \n ETFIQ etfiq.com \u00b7 independent ETF data \n\n Data as of Sep 30, 2026 .\n\n FNGD vs FNGU: which held to its multiple?\n\n Over three months against its own daily promise, FNGD finished 2.5 points over and FNGU 7.7 points short.\n Copy this for sharing \n \n MicroSectors FANG Index -3X Inverse Leveraged ETNs due January 8, 2038 and MicroSectors FANG+ 3X Leveraged ETNs.\n\n Download as PDF \n\n \u221230.9% FNGD returned, 3 months \n +29.6% FNGU returned, 3 months \n +5.7 pts FNGD from its stated multiple \n \u22127.0 pts FNGU from its stated multiple \n\n ETFIQ Decay Res","source":"ETFIQ, independent ETF data. Recomputed nightly from public filings and prices.","publisher":{"@id":"https://etfiq.com/#org","name":"ETFIQ","url":"https://etfiq.com"},"license":"https://etfiq.com/license/","citation":"ETFIQ, as of Sep 30, 2026. https://etfiq.com/compare/leverage/fngd-vs-fngu","a":{"ticker":"FNGD","name":"MicroSectors FANG  Index -3X Inverse Leveraged ETNs due January 8, 2038","issuer":"MicroSectors","desk":"leverage","as_of":"2026-09-30","verdict":"Three months to Sep 30, 2026: FNGD returned \u221230.9% where its own daily promise gave \u221233.4%, 2.5 points over.","url":"https://etfiq.com/funds/fngd","key_facts":[{"label":"What FNGS did","value":"+12.2%","as_of":"2026-09-30","source":null},{"label":"What \u22123 times a day gives","value":"\u221233.4%","as_of":"2026-09-30","source":null},{"label":"What the fund returned","value":"\u221230.9%","as_of":"2026-09-30","source":null},{"label":"The fund itself added","value":"+2.5 pts","as_of":"2026-09-30","source":null},{"label":"Net assets","value":"an exchange traded note holds no assets; it is the issuing bank\u2019s unsecured debt","as_of":"2026-09-30","source":null},{"label":"Expense ratio","value":"not read by ETFIQ","as_of":"2026-09-30","source":null}]},"b":{"ticker":"FNGU","name":"MicroSectors FANG+ 3X Leveraged ETNs","issuer":"MicroSectors","desk":"leverage","as_of":"2026-09-30","verdict":"Three months to Sep 30, 2026: FNGU returned +29.6% where its own daily promise gave +37.3%, 7.7 points short.","url":"https://etfiq.com/funds/fngu","key_facts":[{"label":"What FNGS did","value":"+12.2%","as_of":"2026-09-30","source":null},{"label":"What 3 times a day gives","value":"+37.3%","as_of":"2026-09-30","source":null},{"label":"What the fund returned","value":"+29.6%","as_of":"2026-09-30","source":null},{"label":"The fund itself cost","value":"\u22127.7 pts","as_of":"2026-09-30","source":null},{"label":"Net assets","value":"an exchange traded note holds no assets; it is the issuing bank\u2019s unsecured debt","as_of":"2026-09-30","source":null},{"label":"Expense ratio","value":"not read by ETFIQ","as_of":"2026-09-30","source":null}]},"overlap_pct":null,"overlap_note":"ETFIQ does not publish a holdings overlap for this pair. Either the funds are not compared on holdings, or one book is incomplete.","full_text_at":"https://etfiq.com/compare/leverage/fngd-vs-fngu"}