FNGG vs FQAL
Direxion Daily NYSE FANG+ Bull 2X ETF vs Fidelity Quality Factor ETF
Quick Verdict
FQAL has a lower expense ratio. FNGG delivered stronger 1-year returns. FQAL offers more diversification with 130 holdings.
Side-by-Side Comparison
| Metric | FNGG | FQAL | Winner |
|---|---|---|---|
| Expense Ratio | 0.97% | 0.15% | |
| AUM | $143M | $1.4B | |
| Dividend Yield | 10.70% | 1.15% | |
| Holdings | 18 | 130 | |
| YTD Return | +35.82% | +12.93% | |
| 1Y Return | +31.69% | +17.91% | |
| 3Y Return (annualized) | +59.24% | +19.65% | |
| 5Y Return (annualized) | +4.77% | +11.48% | |
| Volatility (annualized) | 58.6% | 15.0% | |
| Max Drawdown | -91.3% | -34.1% | |
| Fund Family | Direxion Shares ETF Trust | Fidelity Investments (US) | |
| Category | Alternative | Equity | |
| Inception | Sep 29, 2021 | Sep 12, 2016 |
FNGG vs FQAL Performance
Direxion Daily NYSE FANG+ Bull 2X ETF (FNGG) is a ETF from Direxion Shares ETF Trust and Fidelity Quality Factor ETF (FQAL) is a ETF from Fidelity Investments (US). Over the past year FNGG returned +31.69% while FQAL returned +17.91%. Year to date, FNGG is up 35.82% versus a gain of 12.93% for FQAL.
Over three years, FNGG compounded at +59.24% per year against +19.65% for FQAL; over five years the annualized figures are +4.77% and +11.48% respectively. Across the full 5-year window we track, FQAL has the edge at +13.77% annualized vs +4.77%. Past performance does not guarantee future results.
Risk: Volatility and Drawdowns
FNGG has been the more volatile fund, with annualized monthly volatility of 58.6% compared with 15.0% for FQAL. 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 -34.1% for FQAL. 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 0.71. They usually move together, but the gap leaves some room for diversification.
Fees and Cost Over Time
FNGG charges 0.97% per year while FQAL charges 0.15%. On a $10,000 position that is $97 vs $15 annually, a gap of $82 per year that compounds over a long holding period. On income, FNGG currently yields 10.70% against 1.15% for FQAL.
Holdings Overlap
FNGG and FQAL share 8 holdings out of 130 unique holdings combined, representing a 22.8% weight overlap.
Moderate overlap means holding both could provide meaningful diversification benefits.
Frequently Asked Questions
Which is cheaper, FNGG or FQAL?
FNGG has an expense ratio of 0.97% while FQAL charges 0.15%. FQAL is the cheaper option. On a $10,000 investment, that is $82 per year of difference.
Which performed better, FNGG or FQAL?
Over the past year FNGG returned +31.69% vs +17.91% for FQAL, so FNGG leads on 1-year performance. Over the longest common window we track (5 years), FNGG annualized +4.77% vs +13.77% for FQAL. Past performance does not guarantee future results.
Which is riskier, FNGG or FQAL?
FNGG has been the more volatile fund at 58.6% annualized versus 15.0% for FQAL. Worst drawdown: FNGG -91.3% vs FQAL -34.1%.
Should I hold both FNGG and FQAL?
FNGG and FQAL have a monthly-return correlation of 0.71, so combining them can provide real diversification depending on your allocation goals.
What is the holdings overlap between FNGG and FQAL?
FNGG and FQAL share 8 common holdings with a 22.8% weight overlap. Combined, they hold 130 unique securities.
Which pays a higher dividend, FNGG or FQAL?
FNGG yields 10.70% while FQAL yields 1.15%, so FNGG currently pays the higher dividend yield.
Popular ETF Comparisons
Get Full ETF Analytics
Access complete holdings data, overlap analysis, screener tools, and more with FundXLS.