# FNGU (MicroSectors FANG+ 3X Leveraged ETNs)

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

Three months to Sep 11, 2026: FNGU returned +22.4% where its own daily promise gave +28.3%, 5.9 points short.

## Key facts

- FNGU, what FNGS did: +10.1%, as of Sep 11, 2026.
- FNGU, what +3 times a day gives: +28.3%, as of Sep 11, 2026.
- FNGU, what the fund returned: +22.4%, as of Sep 11, 2026.
- FNGU, the fund itself cost: −5.9 pts, as of Sep 11, 2026.
- FNGU, expense ratio: not read by ETFIQ, as of Sep 11, 2026.
- FNGU, underlying: FNGS, as of Sep 11, 2026.

## FNGU over each window to Sep 11, 2026

| Window | Fund | FNGS | +3x the move | Difference | FNGS moved about |
| --- | --- | --- | --- | --- | --- |
| 1 month | −0.2% | +0.6% | +1.7% | −1.9 pts | 16% |
| 3 months | +22.4% | +10.1% | +30.4% | −8.0 pts | 24% |
| 6 months | +70.9% | +28.0% | +84.1% | −13.3 pts | 26% |
| 1 year | +13.3% | +15.5% | +46.4% | −33.2 pts | 23% |
| Since launch | +32.6% | +33.2% | +99.7% | −67.1 pts | 27% |

## Every published field

| Field | Value | Source |
| --- | --- | --- |
| Sets out to return | +3 times the daily move of FNGS, reset daily | ETFIQ |
| Multiple a holder actually got over the window | +2.21 times, against +3 stated | ETFIQ |
| Underlying | FNGS | ETFIQ |
| Segment | sector or country, index | ETFIQ |
| Expense ratio | not read by ETFIQ | ETFIQ |
| Launched | Feb 20, 2025 | ETFIQ |
| Underlying volatility over the window | 24% annualized | ETFIQ |

## Questions

### Did FNGU return +3 times FNGS?

Over the window to Sep 11, 2026, FNGS moved +10.1% and FNGU returned +22.4%. 3 times that move is +30.4%, so the fund came out 8.0 points short of it.

### Why does FNGU not return +3 times over a year?

Because it resets daily. FNGU aims at +3 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 +3 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.


## Cite this page

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

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