FNGG vs SPY
Direxion Daily NYSE FANG+ Bull 2X ETF vs State Street SPDR S&P 500 ETF Trust
Which is better, FNGG or SPY?
Trading-Leveraged Equity against Large Cap Blend.
SPY has a lower expense ratio. FNGG led over 1Y and 3Y, SPY over 5Y and the full window. SPY is less concentrated, with 38.2% of the fund in its ten largest positions against 89.7%.
MarketXLS is not an investment adviser. This comparison is generated automatically from market data and is for information only. A Best mark means the better reading on that one measure, not a recommendation to buy.
Side-by-Side Comparison
| Metric | FNGG | SPY |
|---|---|---|
| Expense Ratio | 0.96% | 0.09%Best |
| AUM | $124M | $823.2B |
| Dividend Yield | 8.98% | 0.99% |
| Holdings | 36 | 1,515 |
| YTD Return | +38.70%Best | +13.53% |
| 1Y Return | +27.96%Best | +17.47% |
| 3Y Return (annualized) | +61.84%Best | +22.36% |
| 5Y Return (annualized) | +3.39% | +13.21%Best |
| Volatility (annualized) | 57.6% | 15.5%Best |
| Max Drawdown | -91.3% | -24.5%Best |
| $10,000 over 5 years | $11,814 | $18,596Best |
| Top 10 Weight | 89.7% | 38.2%Best |
| Fund Family | Direxion Shares ETF Trust | State Street Investment Management |
| Category | Alternative | Equity |
| Style | Trading-Leveraged Equity | Large Cap Blend |
| Inception | Sep 29, 2021 | Jan 22, 1993 |
Volatility and max drawdown are measured over the window both funds cover: Sep 30, 2021 to Oct 14, 2026 (5 years).
FNGG vs SPY growth
Month-end closes. Both lines start at 0% in the first month shown, so the gap between them is the difference in growth across that window. The full view covers the 5 years both funds cover.
FNGG vs SPY Performance
Direxion Daily NYSE FANG+ Bull 2X ETF (FNGG) is an ETF from Direxion Shares ETF Trust and State Street SPDR S&P 500 ETF Trust (SPY) is an ETF from State Street Investment Management. Over the past year FNGG returned +27.96% while SPY returned +17.47%. Year to date, FNGG is up 38.70% versus a gain of 13.53% for SPY.
Over three years, FNGG compounded at +61.84% per year against +22.36% for SPY; over five years the annualized figures are +3.39% and +13.21% respectively.
Past performance does not guarantee future results.
Risk: Volatility and Drawdowns
FNGG has been the more volatile fund, with annualized monthly volatility of 57.6% compared with 15.5% for SPY. Lower volatility generally means a smoother ride, though it often comes with lower long-run returns.
The deepest peak-to-trough decline in our data was -91.3% for FNGG and -24.5% for SPY. Drawdown depth is what each fund did in the worst stretch of the window measured above.
The two funds' monthly returns correlate at 0.76. They usually move together, but the gap leaves some room for diversification.
Fees and Cost Over Time
FNGG charges 0.96% per year while SPY charges 0.09%. On a $10,000 position that is $96 vs $9 annually, a gap of $87 per year that compounds over a long holding period. On income, FNGG currently yields 8.98% against 0.99% for SPY.
Holdings Overlap
45.4% of FNGG's money is in holdings SPY also owns. 35.3% of SPY's money is in holdings FNGG also owns.
The two portfolios partly overlap.
10 positions in common, counted across the 12 positions we hold weights for in FNGG and 504 in SPY, against full books of 36 and 1,515.
What only one of them owns
Our book lists 486 positions for SPY that do not appear in our book for FNGG (63.8% of the fund), and 2 for FNGG that do not appear in SPY (52.5%).
Some of those will be the same company recorded under a different code in one of the two books, so the real difference in what you would own is no larger than this and may be smaller. We do not name the individual positions here for that reason.
Top Shared Holdings
| Stock | Weight in FNGG | Weight in SPY | Difference |
|---|---|---|---|
| NVDANvidia Corp | 4.76% | 7.78% | 3.02% |
| AAPLApple, Inc | 4.37% | 7.45% | 3.08% |
| MSFTMicrosoft Corp | 4.60% | 5.71% | 1.11% |
| AMZNAmazon.Com Inc | 4.45% | 3.78% | 0.67% |
| GOOGLAlphabet Inc | 4.36% | 3.12% | 1.24% |
| AVGOBroadcom Inc | 4.56% | 2.48% | 2.08% |
| METAMeta Platforms Inc | 4.71% | 2.22% | 2.49% |
| MUMicron Technology, Inc. | 5.05% | 1.59% | 3.46% |
| PLTRPalantir Technologies Inc | 4.72% | 0.61% | 4.11% |
| NFLXNetflix, Inc. | 3.82% | 0.51% | 3.31% |
45.4% of FNGG is already inside SPY.
You probably hold more than these two. Add the rest and see how much of the whole book is the same companies twice.
Free for up to 10 holdings. No account needed.
Frequently Asked Questions
Which is cheaper, FNGG or SPY?
FNGG has an expense ratio of 0.96% while SPY charges 0.09%. SPY is the cheaper option, by $87 a year on a $10,000 investment.
Which performed better, FNGG or SPY?
Over the past year FNGG returned +27.96% vs +17.47% for SPY, so FNGG leads on 1-year performance. Past performance does not guarantee future results. This is information, not a recommendation.
Which is riskier, FNGG or SPY?
FNGG has been the more volatile fund at 57.6% annualized versus 15.5% for SPY. Worst drawdown: FNGG -91.3% vs SPY -24.5%.
Should I hold both FNGG and SPY?
FNGG and SPY have a monthly-return correlation of 0.76, so their returns are far enough apart for the mix to behave differently from either one alone. This is information, not a recommendation.
What is the holdings overlap between FNGG and SPY?
45.4% of FNGG's money is in holdings SPY also owns. 35.3% of SPY's is in holdings FNGG also owns. They hold 10 positions in common, counted across the 12 positions we hold weights for in FNGG and 504 in SPY.
Which pays a higher dividend, FNGG or SPY?
FNGG yields 8.98% while SPY yields 0.99%, so FNGG currently pays the higher dividend yield.
Is SPY better than FNGG?
SPY has a lower expense ratio. FNGG led over 1Y and 3Y, SPY over 5Y and the full window. SPY is less concentrated, with 38.2% of the fund in its ten largest positions against 89.7%. Which one suits a particular account depends on what it is for. This is information, not a recommendation.