FNGG vs PHDG
Direxion Daily NYSE FANG+ Bull 2X ETF vs Invesco S&P 500 Downside Hedged ETF
Quick Verdict
PHDG has a lower expense ratio. FNGG delivered stronger 1-year returns. PHDG offers more diversification with 514 holdings.
Side-by-Side Comparison
| Metric | FNGG | PHDG | Winner |
|---|---|---|---|
| Expense Ratio | 0.97% | 0.39% | |
| AUM | $116M | $61M | |
| Dividend Yield | 11.05% | 1.68% | |
| Holdings | 18 | 514 | |
| YTD Return | +36.18% | +13.13% | |
| 1Y Return | +34.31% | +16.59% | |
| 3Y Return (annualized) | +60.57% | +9.80% | |
| 5Y Return (annualized) | - | +4.73% | |
| Volatility (annualized) | 58.6% | 9.9% | |
| Max Drawdown | -91.3% | -23.6% | |
| Fund Family | Direxion Shares ETF Trust | Invesco (US) | |
| Category | Alternative | Equity | |
| Inception | Sep 29, 2021 | Dec 5, 2012 |
FNGG vs PHDG Performance
Direxion Daily NYSE FANG+ Bull 2X ETF (FNGG) is a ETF from Direxion Shares ETF Trust and Invesco S&P 500 Downside Hedged ETF (PHDG) is a ETF from Invesco (US). Over the past year FNGG returned +34.31% while PHDG returned +16.59%. Year to date, FNGG is up 36.18% versus a gain of 13.13% for PHDG.
Over three years, FNGG compounded at +60.57% per year against +9.80% for PHDG. Across the full 5-year window we track, FNGG has the edge at +4.86% annualized vs +4.45%. 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 9.9% for PHDG. 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 -23.6% for PHDG. 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 0.67. They move independently enough that combining them can meaningfully diversify a portfolio.
Fees and Cost Over Time
FNGG charges 0.97% per year while PHDG charges 0.39%. On a $10,000 position that is $97 vs $39 annually, a gap of $58 per year that compounds over a long holding period. On income, FNGG currently yields 11.05% against 1.68% for PHDG.
Holdings Overlap
FNGG and PHDG share 10 holdings out of 497 unique holdings combined, representing a 22.4% weight overlap.
Moderate overlap means holding both could provide meaningful diversification benefits.
Frequently Asked Questions
Which is cheaper, FNGG or PHDG?
FNGG has an expense ratio of 0.97% while PHDG charges 0.39%. PHDG is the cheaper option. On a $10,000 investment, that is $58 per year of difference.
Which performed better, FNGG or PHDG?
Over the past year FNGG returned +34.31% vs +16.59% for PHDG, so FNGG leads on 1-year performance. Over the longest common window we track (5 years), FNGG annualized +4.86% vs +4.45% for PHDG. Past performance does not guarantee future results.
Which is riskier, FNGG or PHDG?
FNGG has been the more volatile fund at 58.6% annualized versus 9.9% for PHDG. Worst drawdown: FNGG -91.3% vs PHDG -23.6%.
Should I hold both FNGG and PHDG?
FNGG and PHDG have a monthly-return correlation of 0.67, so combining them can provide real diversification depending on your allocation goals.
What is the holdings overlap between FNGG and PHDG?
FNGG and PHDG share 10 common holdings with a 22.4% weight overlap. Combined, they hold 497 unique securities.
Which pays a higher dividend, FNGG or PHDG?
FNGG yields 11.05% while PHDG yields 1.68%, so FNGG currently pays the higher dividend yield.
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