# FNGG (Direxion Daily NYSE FANG+ Bull 2X ETF)

Direxion · Leveraged ETFs · data as of Sep 11, 2026

Three months to Sep 11, 2026: FNGG returned +17.9% where its own daily promise gave +19.7%, 1.7 points short.

## Key facts

- FNGG, what FNGS did: +10.1%, as of Sep 11, 2026.
- FNGG, what +2 times a day gives: +19.7%, as of Sep 11, 2026.
- FNGG, what the fund returned: +17.9%, as of Sep 11, 2026.
- FNGG, the fund itself cost: −1.7 pts, as of Sep 11, 2026.
- FNGG, net assets: $131m (source, as filed for Apr 30, 2026).
- FNGG, expense ratio: 0.97% (485BPOS XBRL, Feb 26, 2026).

## FNGG over each window to Sep 11, 2026

| Window | Fund | FNGS | +2x the move | Difference | FNGS moved about |
| --- | --- | --- | --- | --- | --- |
| 1 month | +0.8% | +0.6% | +1.1% | −0.3 pts | 16% |
| 3 months | +17.9% | +10.1% | +20.3% | −2.3 pts | 24% |
| 6 months | +53.1% | +28.0% | +56.1% | −2.9 pts | 26% |
| 1 year | +22.0% | +15.5% | +31.0% | −8.9 pts | 23% |
| 3 years | +288.6% | +135.9% | not meaningful over this window | not meaningful over this window | 26% |
| Since launch | +22.8% | +162.4% | not meaningful over this window | not meaningful over this window | 30% |

## Every published field

| Field | Value | Source |
| --- | --- | --- |
| Sets out to return | +2 times the daily move of FNGS, reset daily | ETFIQ |
| Multiple a holder actually got over the window | +1.77 times, against +2 stated | ETFIQ |
| Underlying | FNGS | ETFIQ |
| Segment | broad index, us large cap | ETFIQ |
| Net assets | $131m | source, as filed for Apr 30, 2026 |
| Expense ratio | 0.97% | 485BPOS XBRL, Feb 26, 2026 |
| Launched | Sep 30, 2021 | ETFIQ |
| Underlying volatility over the window | 24% annualized | ETFIQ |

## Questions

### Did FNGG return +2 times FNGS?

Over the window to Sep 11, 2026, FNGS moved +10.1% and FNGG returned +17.9%. 2 times that move is +20.3%, so the fund came out 2.3 points short of it.

### Why does FNGG not return +2 times over a year?

Because it resets daily. FNGG aims at +2 times each day's move, and daily results compound. Over a run where the underlying falls and comes back, compounding a levered daily return leaves a holder behind what +2 times the period move would suggest; over a steady run in one direction it can leave them ahead. The longer the holding, and the more the underlying moves about, the further apart the two figures get.

### Which +2x FNGS ETF tracked its stated multiple most closely?

2 issuers sell one. Over the days all of them have been trading, the table on this page ranks them by how far each finished from 2 times the underlying's move. ETFIQ does not rate funds; the order is the arithmetic.


## Cite this page

ETFIQ, FNGG, data as of Sep 11, 2026. https://etfiq.com/funds/FNGG
Free to use with attribution; the underlying files are at https://etfiq.com/data/.

HTML: https://etfiq.com/funds/FNGG  ·  JSON: https://etfiq.com/funds/FNGG.json