FNGG vs IG
Direxion Daily NYSE FANG+ Bull 2X ETF vs Principal Investment Grade Corporate ETF
Quick Verdict
IG has a lower expense ratio. FNGG delivered stronger 1-year returns. IG offers more diversification with 145 holdings.
Side-by-Side Comparison
| Metric | FNGG | IG | Winner |
|---|---|---|---|
| Expense Ratio | 0.97% | 0.19% | |
| AUM | $116M | $198M | |
| Dividend Yield | 11.05% | 5.07% | |
| Holdings | 18 | 248 | |
| YTD Return | +31.07% | -1.76% | |
| 1Y Return | +28.22% | +0.69% | |
| 3Y Return (annualized) | +58.60% | +4.77% | |
| 5Y Return (annualized) | - | -0.76% | |
| Volatility (annualized) | 58.4% | 8.0% | |
| Max Drawdown | -91.3% | -23.8% | |
| Fund Family | Direxion Shares ETF Trust | Principal Funds | |
| Category | Alternative | Fixed Income | |
| Inception | Sep 29, 2021 | Apr 18, 2018 |
FNGG vs IG Performance
Direxion Daily NYSE FANG+ Bull 2X ETF (FNGG) is a ETF from Direxion Shares ETF Trust and Principal Investment Grade Corporate ETF (IG) is a ETF from Principal Funds. Over the past year FNGG returned +28.22% while IG returned +0.69%. Year to date, FNGG is up 31.07% versus a loss of 1.76% for IG.
Over three years, FNGG compounded at +58.60% per year against +4.77% for IG. Across the full 5-year window we track, FNGG has the edge at +4.05% annualized vs +0.56%. 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 8.0% for IG. 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 -23.8% for IG. 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 IG charges 0.19%. On a $10,000 position that is $97 vs $19 annually, a gap of $78 per year that compounds over a long holding period. On income, FNGG currently yields 11.05% against 5.07% for IG.
Holdings Overlap
FNGG and IG share 0 holdings out of 158 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 IG?
FNGG has an expense ratio of 0.97% while IG charges 0.19%. IG is the cheaper option. On a $10,000 investment, that is $78 per year of difference.
Which performed better, FNGG or IG?
Over the past year FNGG returned +28.22% vs +0.69% for IG, so FNGG leads on 1-year performance. Over the longest common window we track (5 years), FNGG annualized +4.05% vs +0.56% for IG. Past performance does not guarantee future results.
Which is riskier, FNGG or IG?
FNGG has been the more volatile fund at 58.4% annualized versus 8.0% for IG. Worst drawdown: FNGG -91.3% vs IG -23.8%.
Should I hold both FNGG and IG?
FNGG and IG 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 IG?
FNGG and IG share 0 common holdings with a 0.0% weight overlap. Combined, they hold 158 unique securities.
Which pays a higher dividend, FNGG or IG?
FNGG yields 11.05% while IG yields 5.07%, so FNGG currently pays the higher dividend yield.
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