FNG vs VOO
Leverage Shares 2X Long FN Daily ETF vs Vanguard S&P 500 ETF
Quick Verdict
VOO has a lower expense ratio. VOO delivered stronger 1-year returns. VOO offers more diversification with 505 holdings.
Side-by-Side Comparison
| Metric | FNG | VOO | Winner |
|---|---|---|---|
| Expense Ratio | 0.99% | 0.03% | |
| AUM | $494,774.75 | $979.0B | |
| Dividend Yield | 0.00% | 1.09% | |
| Holdings | 1 | 509 | |
| YTD Return | -28.89% | +13.44% | |
| 1Y Return | -28.89% | +22.62% | |
| 3Y Return (annualized) | - | +21.47% | |
| 5Y Return (annualized) | - | +13.27% | |
| Volatility (annualized) | 43.5% | 14.1% | |
| Max Drawdown | -75.6% | -34.3% | |
| Fund Family | Leverage Shares | Vanguard (US) | |
| Category | Alternative | Equity | |
| Inception | Jun 16, 2026 | Sep 7, 2010 |
FNG vs VOO Performance
Leverage Shares 2X Long FN Daily ETF (FNG) is a ETF from Leverage Shares and Vanguard S&P 500 ETF (VOO) is a ETF from Vanguard (US). Over the past year FNG returned -28.89% while VOO returned +22.62%. Year to date, FNG is down 28.89% versus a gain of 13.44% for VOO.
Risk: Volatility and Drawdowns
FNG has been the more volatile fund, with annualized monthly volatility of 43.5% compared with 14.1% for VOO. 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 -75.6% for FNG and -34.3% for VOO. 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 0.38. They move independently enough that combining them can meaningfully diversify a portfolio.
Fees and Cost Over Time
FNG charges 0.99% per year while VOO charges 0.03%. On a $10,000 position that is $99 vs $3 annually, a gap of $96 per year that compounds over a long holding period. On income, FNG currently yields 0.00% against 1.09% for VOO.
Holdings Overlap
FNG and VOO share 0 holdings out of 506 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, FNG or VOO?
FNG has an expense ratio of 0.99% while VOO charges 0.03%. VOO is the cheaper option. On a $10,000 investment, that is $96 per year of difference.
Which performed better, FNG or VOO?
Over the past year FNG returned -28.89% vs +22.62% for VOO, so VOO leads on 1-year performance. Over the longest common window we track (9 years), FNG annualized -8.60% vs +13.55% for VOO. Past performance does not guarantee future results.
Which is riskier, FNG or VOO?
FNG has been the more volatile fund at 43.5% annualized versus 14.1% for VOO. Worst drawdown: FNG -75.6% vs VOO -34.3%.
Should I hold both FNG and VOO?
FNG and VOO have a monthly-return correlation of 0.38, so combining them can provide real diversification depending on your allocation goals.
What is the holdings overlap between FNG and VOO?
FNG and VOO share 0 common holdings with a 0.0% weight overlap. Combined, they hold 506 unique securities.
Which pays a higher dividend, FNG or VOO?
FNG yields 0.00% while VOO yields 1.09%, so VOO currently pays the higher dividend yield.
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