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

Direxion · Leveraged ETFs · data as of Sep 30, 2026

Three months to Sep 30, 2026: FNGG returned +22.0% where its own daily promise gave +24.7%, 2.7 points short.

## Key facts

- FNGG, what FNGS did: +12.2%, as of Sep 30, 2026.
- FNGG, what 2 times a day gives: +24.7%, as of Sep 30, 2026.
- FNGG, what the fund returned: +22.0%, as of Sep 30, 2026.
- FNGG, the fund itself cost: −2.7 pts, as of Sep 30, 2026.
- FNGG, net assets: $118m (issuer page, as of Sep 30, 2026).
- FNGG, expense ratio: 0.97% (485BPOS XBRL, Feb 26, 2026).

## FNGG over each window to Sep 30, 2026

| Window | Fund | FNGS | +2x the move | Difference | FNGS moved about |
| --- | --- | --- | --- | --- | --- |
| 1 month | +3.7% | +2.3% | +4.7% | −1.0 pts | 17% |
| 3 months | +22.0% | +12.2% | +24.4% | −2.4 pts | 20% |
| 6 months | +75.7% | +35.7% | +71.4% | +4.3 pts | 24% |
| 1 year | +26.2% | +18.0% | +35.9% | −9.7 pts | 23% |
| 3 years | +362.5% | +158.1% | not meaningful over this window | not meaningful over this window | 26% |
| Since launch | +29.5% | +170.7% | 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 | +1.8 times, against +2 stated | ETFIQ |
| Underlying | FNGS | ETFIQ |
| Segment | broad index, US large cap | ETFIQ |
| Net assets | $118m | issuer page, as of Sep 30, 2026 |
| Expense ratio | 0.97% | 485BPOS XBRL, Feb 26, 2026 |
| Launched | Sep 30, 2021 | ETFIQ |
| Underlying volatility over the window | 20% annualized | ETFIQ |

## Questions

### Did FNGG return +2 times FNGS?

Over the window to Sep 30, 2026, FNGS moved +12.2% and FNGG returned +22.0%. 2 times that move is +24.4%, so the fund came out 2.4 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 figure itself.


## Cite this page

ETFIQ, FNGG, data as of Sep 30, 2026. https://etfiq.com/funds/fngg
Free to use with attribution; the underlying files are at https://etfiq.com/data/.

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