FNGG vs VGI
Direxion Daily NYSE FANG+ Bull 2X ETF vs Virtus Global Multi-Sector Income Fund
Quick Verdict
FNGG has a lower expense ratio. FNGG delivered stronger 1-year returns. VGI offers more diversification with 434 holdings.
Side-by-Side Comparison
| Metric | FNGG | VGI | Winner |
|---|---|---|---|
| Expense Ratio | 0.97% | 1.74% | |
| AUM | $116M | $88M | |
| Dividend Yield | 11.05% | 11.98% | |
| Holdings | 18 | 646 | |
| YTD Return | +31.07% | +1.61% | |
| 1Y Return | +28.22% | +5.13% | |
| 3Y Return (annualized) | +58.60% | +11.18% | |
| 5Y Return (annualized) | - | +2.21% | |
| Volatility (annualized) | 58.4% | 14.2% | |
| Max Drawdown | -91.3% | -63.3% | |
| Fund Family | Direxion Shares ETF Trust | Virtus Investment Partners | |
| Category | Alternative | Fixed Income | |
| Inception | Sep 29, 2021 | Feb 23, 2012 |
FNGG vs VGI Performance
Direxion Daily NYSE FANG+ Bull 2X ETF (FNGG) is a ETF from Direxion Shares ETF Trust and Virtus Global Multi-Sector Income Fund (VGI) is a ETF from Virtus Investment Partners. Over the past year FNGG returned +28.22% while VGI returned +5.13%. Year to date, FNGG is up 31.07% versus a gain of 1.61% for VGI.
Over three years, FNGG compounded at +58.60% per year against +11.18% for VGI. Across the full 5-year window we track, FNGG has the edge at +4.05% annualized vs -2.37%. 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 14.2% for VGI. 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 -63.3% for VGI. 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 0.52. They move independently enough that combining them can meaningfully diversify a portfolio.
Fees and Cost Over Time
FNGG charges 0.97% per year while VGI charges 1.74%. On a $10,000 position that is $97 vs $174 annually, a gap of $77 per year that compounds over a long holding period. On income, FNGG currently yields 11.05% against 11.98% for VGI.
Holdings Overlap
FNGG and VGI share 0 holdings out of 447 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 VGI?
FNGG has an expense ratio of 0.97% while VGI charges 1.74%. FNGG is the cheaper option. On a $10,000 investment, that is $77 per year of difference.
Which performed better, FNGG or VGI?
Over the past year FNGG returned +28.22% vs +5.13% for VGI, so FNGG leads on 1-year performance. Over the longest common window we track (5 years), FNGG annualized +4.05% vs -2.37% for VGI. Past performance does not guarantee future results.
Which is riskier, FNGG or VGI?
FNGG has been the more volatile fund at 58.4% annualized versus 14.2% for VGI. Worst drawdown: FNGG -91.3% vs VGI -63.3%.
Should I hold both FNGG and VGI?
FNGG and VGI have a monthly-return correlation of 0.52, so combining them can provide real diversification depending on your allocation goals.
What is the holdings overlap between FNGG and VGI?
FNGG and VGI share 0 common holdings with a 0.0% weight overlap. Combined, they hold 447 unique securities.
Which pays a higher dividend, FNGG or VGI?
FNGG yields 11.05% while VGI yields 11.98%, so VGI currently pays the higher dividend yield.
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