AVSE vs FNGG
Avantis Responsible Emerging Markets Equity ETF vs Direxion Daily NYSE FANG+ Bull 2X ETF
Quick Verdict
AVSE has a lower expense ratio. AVSE delivered stronger 1-year returns. AVSE offers more diversification with 2,438 holdings.
Side-by-Side Comparison
| Metric | AVSE | FNGG | Winner |
|---|---|---|---|
| Expense Ratio | 0.33% | 0.97% | |
| AUM | $221M | $143M | |
| Dividend Yield | 2.16% | 10.70% | |
| Holdings | 2,438 | 18 | |
| YTD Return | +19.92% | +29.67% | |
| 1Y Return | +33.44% | +30.94% | |
| 3Y Return (annualized) | +23.56% | +60.01% | |
| 5Y Return (annualized) | - | +3.79% | |
| Volatility (annualized) | 18.4% | 58.4% | |
| Max Drawdown | -26.3% | -91.3% | |
| Fund Family | Avantis Investors | Direxion Shares ETF Trust | |
| Category | Equity | Alternative | |
| Inception | Mar 28, 2022 | Sep 29, 2021 |
AVSE vs FNGG Performance
Avantis Responsible Emerging Markets Equity ETF (AVSE) is a ETF from Avantis Investors and Direxion Daily NYSE FANG+ Bull 2X ETF (FNGG) is a ETF from Direxion Shares ETF Trust. Over the past year AVSE returned +33.44% while FNGG returned +30.94%. Year to date, AVSE is up 19.92% versus a gain of 29.67% for FNGG.
Over three years, AVSE compounded at +23.56% per year against +60.01% for FNGG. Across the full 4-year window we track, AVSE has the edge at +13.70% annualized vs +3.79%. Past performance does not guarantee future results.
Risk: Volatility and Drawdowns
FNGG has been the more volatile fund, with annualized monthly volatility of 58.4% compared with 18.4% for AVSE. 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 -26.3% for AVSE and -91.3% for FNGG. 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 0.48. They move independently enough that combining them can meaningfully diversify a portfolio.
Fees and Cost Over Time
AVSE charges 0.33% per year while FNGG charges 0.97%. On a $10,000 position that is $33 vs $97 annually, a gap of $64 per year that compounds over a long holding period. On income, AVSE currently yields 2.16% against 10.70% for FNGG.
Holdings Overlap
AVSE and FNGG share 0 holdings out of 1540 unique holdings combined, representing a 0.0% weight overlap.
Moderate overlap means holding both could provide meaningful diversification benefits.
Frequently Asked Questions
Which is cheaper, AVSE or FNGG?
AVSE has an expense ratio of 0.33% while FNGG charges 0.97%. AVSE is the cheaper option. On a $10,000 investment, that is $64 per year of difference.
Which performed better, AVSE or FNGG?
Over the past year AVSE returned +33.44% vs +30.94% for FNGG, so AVSE leads on 1-year performance. Over the longest common window we track (4 years), AVSE annualized +13.70% vs +3.79% for FNGG. Past performance does not guarantee future results.
Which is riskier, AVSE or FNGG?
FNGG has been the more volatile fund at 58.4% annualized versus 18.4% for AVSE. Worst drawdown: AVSE -26.3% vs FNGG -91.3%.
Should I hold both AVSE and FNGG?
AVSE and FNGG have a monthly-return correlation of 0.48, so combining them can provide real diversification depending on your allocation goals.
What is the holdings overlap between AVSE and FNGG?
AVSE and FNGG share 0 common holdings with a 0.0% weight overlap. Combined, they hold 1540 unique securities.
Which pays a higher dividend, AVSE or FNGG?
AVSE yields 2.16% while FNGG yields 10.70%, so FNGG currently pays the higher dividend yield.
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