FNGG vs HFXI
Direxion Daily NYSE FANG+ Bull 2X ETF vs NYLI FTSE International Equity Currency Neutral ETF
Quick Verdict
HFXI has a lower expense ratio. FNGG delivered stronger 1-year returns. HFXI offers more diversification with 876 holdings.
Side-by-Side Comparison
| Metric | FNGG | HFXI | Winner |
|---|---|---|---|
| Expense Ratio | 0.97% | 0.20% | |
| AUM | $143M | $2.1B | |
| Dividend Yield | 10.70% | 3.39% | |
| Holdings | 18 | 876 | |
| YTD Return | +29.44% | +17.30% | |
| 1Y Return | +35.54% | +29.54% | |
| 3Y Return (annualized) | +60.38% | +21.69% | |
| 5Y Return (annualized) | +3.76% | +12.45% | |
| Volatility (annualized) | 58.4% | 13.8% | |
| Max Drawdown | -91.3% | -34.2% | |
| Fund Family | Direxion Shares ETF Trust | INDEXIQ ETF TRUST | |
| Category | Alternative | Equity | |
| Inception | Sep 29, 2021 | Jul 22, 2015 |
FNGG vs HFXI Performance
Direxion Daily NYSE FANG+ Bull 2X ETF (FNGG) is a ETF from Direxion Shares ETF Trust and NYLI FTSE International Equity Currency Neutral ETF (HFXI) is a ETF from INDEXIQ ETF TRUST. Over the past year FNGG returned +35.54% while HFXI returned +29.54%. Year to date, FNGG is up 29.44% versus a gain of 17.30% for HFXI.
Over three years, FNGG compounded at +60.38% per year against +21.69% for HFXI; over five years the annualized figures are +3.76% and +12.45% respectively. Across the full 5-year window we track, HFXI has the edge at +7.92% annualized vs +3.76%. 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 13.8% for HFXI. 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 -34.2% for HFXI. 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 0.49. They move independently enough that combining them can meaningfully diversify a portfolio.
Fees and Cost Over Time
FNGG charges 0.97% per year while HFXI charges 0.20%. On a $10,000 position that is $97 vs $20 annually, a gap of $77 per year that compounds over a long holding period. On income, FNGG currently yields 10.70% against 3.39% for HFXI.
Holdings Overlap
FNGG and HFXI share 0 holdings out of 755 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, FNGG or HFXI?
FNGG has an expense ratio of 0.97% while HFXI charges 0.20%. HFXI is the cheaper option. On a $10,000 investment, that is $77 per year of difference.
Which performed better, FNGG or HFXI?
Over the past year FNGG returned +35.54% vs +29.54% for HFXI, so FNGG leads on 1-year performance. Over the longest common window we track (5 years), FNGG annualized +3.76% vs +7.92% for HFXI. Past performance does not guarantee future results.
Which is riskier, FNGG or HFXI?
FNGG has been the more volatile fund at 58.4% annualized versus 13.8% for HFXI. Worst drawdown: FNGG -91.3% vs HFXI -34.2%.
Should I hold both FNGG and HFXI?
FNGG and HFXI have a monthly-return correlation of 0.49, so combining them can provide real diversification depending on your allocation goals.
What is the holdings overlap between FNGG and HFXI?
FNGG and HFXI share 0 common holdings with a 0.0% weight overlap. Combined, they hold 755 unique securities.
Which pays a higher dividend, FNGG or HFXI?
FNGG yields 10.70% while HFXI yields 3.39%, 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.