FNGG vs MFEM
Direxion Daily NYSE FANG+ Bull 2X ETF vs PIMCO RAFI Dynamic Multi-Factor Emerging Markets Equity ETF
Quick Verdict
MFEM has a lower expense ratio. MFEM delivered stronger 1-year returns. MFEM offers more diversification with 701 holdings.
Side-by-Side Comparison
| Metric | FNGG | MFEM | Winner |
|---|---|---|---|
| Expense Ratio | 0.97% | 0.49% | |
| AUM | $143M | $156M | |
| Dividend Yield | 10.70% | 2.39% | |
| Holdings | 18 | 701 | |
| YTD Return | +33.46% | +22.70% | |
| 1Y Return | +30.46% | +34.93% | |
| 3Y Return (annualized) | +60.55% | +20.54% | |
| 5Y Return (annualized) | - | +8.69% | |
| Volatility (annualized) | 58.5% | 17.7% | |
| Max Drawdown | -91.3% | -45.3% | |
| Fund Family | Direxion Shares ETF Trust | PIMCO (US) | |
| Category | Alternative | Equity | |
| Inception | Sep 29, 2021 | Aug 31, 2017 |
FNGG vs MFEM Performance
Direxion Daily NYSE FANG+ Bull 2X ETF (FNGG) is a ETF from Direxion Shares ETF Trust and PIMCO RAFI Dynamic Multi-Factor Emerging Markets Equity ETF (MFEM) is a ETF from PIMCO (US). Over the past year FNGG returned +30.46% while MFEM returned +34.93%. Year to date, FNGG is up 33.46% versus a gain of 22.70% for MFEM.
Over three years, FNGG compounded at +60.55% per year against +20.54% for MFEM. Across the full 5-year window we track, MFEM has the edge at +6.94% annualized vs +4.43%. Past performance does not guarantee future results.
Risk: Volatility and Drawdowns
FNGG has been the more volatile fund, with annualized monthly volatility of 58.5% compared with 17.7% for MFEM. 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 -45.3% for MFEM. 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 0.45. They move independently enough that combining them can meaningfully diversify a portfolio.
Fees and Cost Over Time
FNGG charges 0.97% per year while MFEM charges 0.49%. On a $10,000 position that is $97 vs $49 annually, a gap of $48 per year that compounds over a long holding period. On income, FNGG currently yields 10.70% against 2.39% for MFEM.
Holdings Overlap
FNGG and MFEM share 0 holdings out of 516 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 MFEM?
FNGG has an expense ratio of 0.97% while MFEM charges 0.49%. MFEM is the cheaper option. On a $10,000 investment, that is $48 per year of difference.
Which performed better, FNGG or MFEM?
Over the past year FNGG returned +30.46% vs +34.93% for MFEM, so MFEM leads on 1-year performance. Over the longest common window we track (5 years), FNGG annualized +4.43% vs +6.94% for MFEM. Past performance does not guarantee future results.
Which is riskier, FNGG or MFEM?
FNGG has been the more volatile fund at 58.5% annualized versus 17.7% for MFEM. Worst drawdown: FNGG -91.3% vs MFEM -45.3%.
Should I hold both FNGG and MFEM?
FNGG and MFEM have a monthly-return correlation of 0.45, so combining them can provide real diversification depending on your allocation goals.
What is the holdings overlap between FNGG and MFEM?
FNGG and MFEM share 0 common holdings with a 0.0% weight overlap. Combined, they hold 516 unique securities.
Which pays a higher dividend, FNGG or MFEM?
FNGG yields 10.70% while MFEM yields 2.39%, 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.