FNGG vs TLTP
Direxion Daily NYSE FANG+ Bull 2X ETF vs Amplify TLT US Treasury 12% Option Income ETF
Quick Verdict
TLTP has a lower expense ratio. FNGG delivered stronger 1-year returns. FNGG offers more diversification with 18 holdings.
Side-by-Side Comparison
| Metric | FNGG | TLTP | Winner |
|---|---|---|---|
| Expense Ratio | 0.97% | 0.39% | |
| AUM | $143M | $25M | |
| Dividend Yield | 10.70% | 15.05% | |
| Holdings | 18 | 5 | |
| YTD Return | +33.46% | -9.10% | |
| 1Y Return | +30.46% | -7.61% | |
| 3Y Return (annualized) | +60.55% | - | |
| 5Y Return (annualized) | - | - | |
| Volatility (annualized) | 58.5% | 8.6% | |
| Max Drawdown | -91.3% | -12.7% | |
| Fund Family | Direxion Shares ETF Trust | Amplify ETFs | |
| Category | Alternative | Alternative | |
| Inception | Sep 29, 2021 | Oct 29, 2024 |
FNGG vs TLTP Performance
Direxion Daily NYSE FANG+ Bull 2X ETF (FNGG) is a ETF from Direxion Shares ETF Trust and Amplify TLT US Treasury 12% Option Income ETF (TLTP) is a ETF from Amplify ETFs. Over the past year FNGG returned +30.46% while TLTP returned -7.61%. Year to date, FNGG is up 33.46% versus a loss of 9.10% for TLTP.
Risk: Volatility and Drawdowns
FNGG has been the more volatile fund, with annualized monthly volatility of 58.5% compared with 8.6% for TLTP. 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 -12.7% for TLTP. 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 -0.11. They move independently enough that combining them can meaningfully diversify a portfolio.
Fees and Cost Over Time
FNGG charges 0.97% per year while TLTP 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 10.70% against 15.05% for TLTP.
Holdings Overlap
FNGG and TLTP share 0 holdings out of 16 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 TLTP?
FNGG has an expense ratio of 0.97% while TLTP charges 0.39%. TLTP is the cheaper option. On a $10,000 investment, that is $58 per year of difference.
Which performed better, FNGG or TLTP?
Over the past year FNGG returned +30.46% vs -7.61% for TLTP, so FNGG leads on 1-year performance. Over the longest common window we track (2 years), FNGG annualized +4.43% vs -5.19% for TLTP. Past performance does not guarantee future results.
Which is riskier, FNGG or TLTP?
FNGG has been the more volatile fund at 58.5% annualized versus 8.6% for TLTP. Worst drawdown: FNGG -91.3% vs TLTP -12.7%.
Should I hold both FNGG and TLTP?
FNGG and TLTP have a monthly-return correlation of -0.11, so combining them can provide real diversification depending on your allocation goals.
What is the holdings overlap between FNGG and TLTP?
FNGG and TLTP share 0 common holdings with a 0.0% weight overlap. Combined, they hold 16 unique securities.
Which pays a higher dividend, FNGG or TLTP?
FNGG yields 10.70% while TLTP yields 15.05%, so TLTP currently pays the higher dividend yield.
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