FNGG vs TYLG
Direxion Daily NYSE FANG+ Bull 2X ETF vs Global X Information Technology Covered Call & Growth ETF
Quick Verdict
TYLG has a lower expense ratio. TYLG delivered stronger 1-year returns. TYLG offers more diversification with 78 holdings.
Side-by-Side Comparison
| Metric | FNGG | TYLG | Winner |
|---|---|---|---|
| Expense Ratio | 0.97% | 0.60% | |
| AUM | $143M | $15M | |
| Dividend Yield | 10.70% | 8.89% | |
| Holdings | 18 | 78 | |
| YTD Return | +33.46% | +23.23% | |
| 1Y Return | +30.46% | +34.36% | |
| 3Y Return (annualized) | +60.55% | +24.23% | |
| 5Y Return (annualized) | - | - | |
| Volatility (annualized) | 58.5% | 15.9% | |
| Max Drawdown | -91.3% | -24.5% | |
| Fund Family | Direxion Shares ETF Trust | Global X by mirae Asset | |
| Category | Alternative | Alternative | |
| Inception | Sep 29, 2021 | Nov 21, 2022 |
FNGG vs TYLG Performance
Direxion Daily NYSE FANG+ Bull 2X ETF (FNGG) is a ETF from Direxion Shares ETF Trust and Global X Information Technology Covered Call & Growth ETF (TYLG) is a ETF from Global X by mirae Asset. Over the past year FNGG returned +30.46% while TYLG returned +34.36%. Year to date, FNGG is up 33.46% versus a gain of 23.23% for TYLG.
Over three years, FNGG compounded at +60.55% per year against +24.23% for TYLG. Across the full 4-year window we track, TYLG has the edge at +25.83% annualized vs +4.43%. Past performance does not guarantee future results.
Risk: Volatility and Drawdowns
FNGG has been the more volatile fund, with annualized monthly volatility of 58.5% compared with 15.9% for TYLG. 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 TYLG. Drawdown depth is worth weighing if you expect to sell during market stress rather than ride it out.
The two funds' monthly returns correlate at 0.86. They usually move together, but the gap leaves some room for diversification.
Fees and Cost Over Time
FNGG charges 0.97% per year while TYLG charges 0.60%. On a $10,000 position that is $97 vs $60 annually, a gap of $37 per year that compounds over a long holding period. On income, FNGG currently yields 10.70% against 8.89% for TYLG.
Holdings Overlap
FNGG and TYLG share 6 holdings out of 81 unique holdings combined, representing a 17.5% weight overlap.
Moderate overlap means holding both could provide meaningful diversification benefits.
Frequently Asked Questions
Which is cheaper, FNGG or TYLG?
FNGG has an expense ratio of 0.97% while TYLG charges 0.60%. TYLG is the cheaper option. On a $10,000 investment, that is $37 per year of difference.
Which performed better, FNGG or TYLG?
Over the past year FNGG returned +30.46% vs +34.36% for TYLG, so TYLG leads on 1-year performance. Over the longest common window we track (4 years), FNGG annualized +4.43% vs +25.83% for TYLG. Past performance does not guarantee future results.
Which is riskier, FNGG or TYLG?
FNGG has been the more volatile fund at 58.5% annualized versus 15.9% for TYLG. Worst drawdown: FNGG -91.3% vs TYLG -24.5%.
Should I hold both FNGG and TYLG?
FNGG and TYLG have a monthly-return correlation of 0.86, so combining them can provide real diversification depending on your allocation goals.
What is the holdings overlap between FNGG and TYLG?
FNGG and TYLG share 6 common holdings with a 17.5% weight overlap. Combined, they hold 81 unique securities.
Which pays a higher dividend, FNGG or TYLG?
FNGG yields 10.70% while TYLG yields 8.89%, so FNGG currently pays the higher dividend yield.
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