FNG vs VYM

Quick Verdict

VYM has a lower expense ratio. VYM delivered stronger 1-year returns. VYM offers more diversification with 558 holdings.

Lower Fees: VYMHigher Returns: VYMMore Diversified: VYM

Side-by-Side Comparison

MetricFNGVYMWinner
Expense Ratio0.99%0.04%
AUM$494,774.75$79.0B
Dividend Yield0.00%2.86%
Holdings1568
YTD Return-27.97%+16.10%
1Y Return-27.97%+25.99%
3Y Return (annualized)-+18.29%
5Y Return (annualized)-+12.35%
Volatility (annualized)44.3%14.6%
Max Drawdown-75.6%-58.8%
Fund FamilyLeverage SharesVanguard (US)
CategoryAlternativeEquity
InceptionJun 16, 2026Nov 10, 2006

FNG vs VYM Performance

Leverage Shares 2X Long FN Daily ETF (FNG) is a ETF from Leverage Shares and Vanguard High Dividend Yield ETF (VYM) is a ETF from Vanguard (US). Over the past year FNG returned -27.97% while VYM returned +25.99%. Year to date, FNG is down 27.97% versus a gain of 16.10% for VYM.

Risk: Volatility and Drawdowns

FNG has been the more volatile fund, with annualized monthly volatility of 44.3% compared with 14.6% for VYM. 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 -58.8% for VYM. 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 0.24. They move independently enough that combining them can meaningfully diversify a portfolio.

Fees and Cost Over Time

FNG charges 0.99% per year while VYM charges 0.04%. On a $10,000 position that is $99 vs $4 annually, a gap of $95 per year that compounds over a long holding period. On income, FNG currently yields 0.00% against 2.86% for VYM.

Holdings Overlap

0.0%overlap

FNG and VYM share 0 holdings out of 559 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 VYM?

FNG has an expense ratio of 0.99% while VYM charges 0.04%. VYM is the cheaper option. On a $10,000 investment, that is $95 per year of difference.

Which performed better, FNG or VYM?

Over the past year FNG returned -27.97% vs +25.99% for VYM, so VYM leads on 1-year performance. Over the longest common window we track (9 years), FNG annualized -8.48% vs +7.08% for VYM. Past performance does not guarantee future results.

Which is riskier, FNG or VYM?

FNG has been the more volatile fund at 44.3% annualized versus 14.6% for VYM. Worst drawdown: FNG -75.6% vs VYM -58.8%.

Should I hold both FNG and VYM?

FNG and VYM have a monthly-return correlation of 0.24, so combining them can provide real diversification depending on your allocation goals.

What is the holdings overlap between FNG and VYM?

FNG and VYM share 0 common holdings with a 0.0% weight overlap. Combined, they hold 559 unique securities.

Which pays a higher dividend, FNG or VYM?

FNG yields 0.00% while VYM yields 2.86%, so VYM currently pays the higher dividend yield.

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