FNGG vs TYO
Direxion Daily NYSE FANG+ Bull 2X ETF vs Direxion Daily 7-10 Year Treasury Bear 3X ETF
Quick Verdict
FNGG has a lower expense ratio. FNGG delivered stronger 1-year returns. FNGG offers more diversification with 18 holdings.
Side-by-Side Comparison
| Metric | FNGG | TYO | Winner |
|---|---|---|---|
| Expense Ratio | 0.97% | 1.00% | |
| AUM | $143M | $13M | |
| Dividend Yield | 10.70% | 2.48% | |
| Holdings | 18 | 6 | |
| YTD Return | +28.33% | +11.78% | |
| 1Y Return | +32.83% | +11.29% | |
| 3Y Return (annualized) | +59.45% | +3.64% | |
| 5Y Return (annualized) | +3.58% | +15.26% | |
| Volatility (annualized) | 58.3% | 19.3% | |
| Max Drawdown | -91.3% | -90.4% | |
| Fund Family | Direxion Shares ETF Trust | Direxion Shares ETF Trust | |
| Category | Alternative | Alternative | |
| Inception | Sep 29, 2021 | Apr 16, 2009 |
FNGG vs TYO Performance
Direxion Daily NYSE FANG+ Bull 2X ETF (FNGG) is a ETF from Direxion Shares ETF Trust and Direxion Daily 7-10 Year Treasury Bear 3X ETF (TYO) is a ETF from Direxion Shares ETF Trust. Over the past year FNGG returned +32.83% while TYO returned +11.29%. Year to date, FNGG is up 28.33% versus a gain of 11.78% for TYO.
Over three years, FNGG compounded at +59.45% per year against +3.64% for TYO; over five years the annualized figures are +3.58% and +15.26% respectively. Across the full 5-year window we track, FNGG has the edge at +3.58% annualized vs -7.20%. Past performance does not guarantee future results.
Risk: Volatility and Drawdowns
FNGG has been the more volatile fund, with annualized monthly volatility of 58.3% compared with 19.3% for TYO. 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 -90.4% for TYO. 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 -0.34. They move independently enough that combining them can meaningfully diversify a portfolio.
Fees and Cost Over Time
FNGG charges 0.97% per year while TYO charges 1.00%. On a $10,000 position that is $97 vs $100 annually, a gap of $3 per year that compounds over a long holding period. On income, FNGG currently yields 10.70% against 2.48% for TYO.
Holdings Overlap
FNGG and TYO share 3 holdings out of 13 unique holdings combined, representing a 58.3% weight overlap.
High overlap means holding both may not provide much additional diversification.
Frequently Asked Questions
Which is cheaper, FNGG or TYO?
FNGG has an expense ratio of 0.97% while TYO charges 1.00%. FNGG is the cheaper option. On a $10,000 investment, that is $3 per year of difference.
Which performed better, FNGG or TYO?
Over the past year FNGG returned +32.83% vs +11.29% for TYO, so FNGG leads on 1-year performance. Over the longest common window we track (5 years), FNGG annualized +3.58% vs -7.20% for TYO. Past performance does not guarantee future results.
Which is riskier, FNGG or TYO?
FNGG has been the more volatile fund at 58.3% annualized versus 19.3% for TYO. Worst drawdown: FNGG -91.3% vs TYO -90.4%.
Should I hold both FNGG and TYO?
FNGG and TYO have a monthly-return correlation of -0.34, so combining them can provide real diversification depending on your allocation goals.
What is the holdings overlap between FNGG and TYO?
FNGG and TYO share 3 common holdings with a 58.3% weight overlap. Combined, they hold 13 unique securities.
Which pays a higher dividend, FNGG or TYO?
FNGG yields 10.70% while TYO yields 2.48%, so FNGG currently pays the higher dividend yield.
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