FNGO vs IVV
MicroSectors FANG+ Index 2X Leveraged ETN vs iShares Core S&P 500 ETF
Which is better, FNGO or IVV?
Trading-Leveraged Equity against Large Cap Blend.
IVV has a lower expense ratio. FNGO led over 1Y, 3Y, 5Y and the full window. IVV is less concentrated, with 37.9% of the fund in its ten largest positions against 100.0%.
MarketXLS is not an investment adviser. This comparison is generated automatically from market data and is for information only. A Best mark means the better reading on that one measure, not a recommendation to buy.
Side-by-Side Comparison
| Metric | FNGO | IVV |
|---|---|---|
| Expense Ratio | 0.95% | 0.03%Best |
| AUM | $769M | $886.7B |
| Dividend Yield | 0.00% | 1.10% |
| Holdings | 10 | 508 |
| YTD Return | +34.90%Best | +13.39% |
| 1Y Return | +29.40%Best | +20.08% |
| 3Y Return (annualized) | +57.30%Best | +21.29% |
| 5Y Return (annualized) | +24.98%Best | +12.88% |
| Volatility (annualized) | 56.0% | 16.8%Best |
| Max Drawdown | -78.4% | -33.9%Best |
| $10,000 over 5 years | $30,493Best | $18,327 |
| Top 10 Weight | 100.0% | 37.9%Best |
| Fund Family | BMO Capital Markets | iShares by BlackRock (US) |
| Category | Alternative | Equity |
| Style | Trading-Leveraged Equity | Large Cap Blend |
| Inception | Aug 1, 2018 | May 15, 2000 |
Volatility and max drawdown are measured over the window both funds cover: Aug 2, 2018 to Sep 4, 2026 (8.1 years).
FNGO vs IVV growth
Month-end closes. Both lines start at 0% in the first month shown, so the gap between them is the difference in growth across that window. The full view covers the 8.1 years both funds cover.
FNGO vs IVV Performance
MicroSectors FANG+ Index 2X Leveraged ETN (FNGO) is an ETF from BMO Capital Markets and iShares Core S&P 500 ETF (IVV) is an ETF from iShares by BlackRock (US). Over the past year FNGO returned +29.40% while IVV returned +20.08%. Year to date, FNGO is up 34.90% versus a gain of 13.39% for IVV.
Over three years, FNGO compounded at +57.30% per year against +21.29% for IVV; over five years the annualized figures are +24.98% and +12.88% respectively. Across the full 8-year window we track, FNGO has the edge at +39.57% annualized vs +14.26%.
Past performance does not guarantee future results.
Risk: Volatility and Drawdowns
FNGO has been the more volatile fund, with annualized monthly volatility of 56.0% compared with 16.8% for IVV. 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 -78.4% for FNGO and -33.9% for IVV. Drawdown depth is what each fund did in the worst stretch of the window measured above.
The two funds' monthly returns correlate at 0.78. They usually move together, but the gap leaves some room for diversification.
Fees and Cost Over Time
FNGO charges 0.95% per year while IVV charges 0.03%. On a $10,000 position that is $95 vs $3 annually, a gap of $92 per year that compounds over a long holding period. On income, FNGO currently yields 0.00% against 1.10% for IVV.
Holdings Overlap
100.0% of FNGO's money is in holdings IVV also owns. 34.9% of IVV's money is in holdings FNGO also owns.
Most of FNGO is already inside IVV. Owning both mostly buys the same companies twice.
10 positions in common, counted across the 10 positions we hold weights for in FNGO and 505 in IVV, against full books of 10 and 508.
What only one of them owns
Measured across the 10 and 505 positions we hold weights for.
IVV holds 487 positions FNGO does not, 64.4% of the fund.
Largest: GOOG 2.56%, JPM 1.45%, BRK.B 1.43%, LLY 1.39%, TSLA 1.36%
Top Shared Holdings
| Stock | Weight in FNGO | Weight in IVV | Difference |
|---|---|---|---|
| NVDANvidia Corp. | 10.25% | 7.98% | 2.27% |
| MSFTMicrosoft Corp 4.100 Feb 06 37 | 11.82% | 5.44% | 6.38% |
| AAPLApple, Inc | 9.63% | 6.86% | 2.77% |
| AMZNAmazon.Com Inc | 10.26% | 4.01% | 6.25% |
| PLTRPalantir Technologies Inc | 12.32% | 0.55% | 11.77% |
| AVGOBroadcom Inc | 9.31% | 2.98% | 6.33% |
| GOOGLAlphabet Inc.Class A | 8.82% | 3.19% | 5.63% |
| METAMeta Platform Inc | 9.35% | 1.94% | 7.41% |
| MUMicron Technology, Inc. | 9.04% | 1.51% | 7.53% |
| NFLXNetflix, Inc. | 9.21% | 0.47% | 8.74% |
100.0% of FNGO is already inside IVV.
You probably hold more than these two. Add the rest and see how much of the whole book is the same companies twice.
Free for up to 10 holdings. No account needed.
Frequently Asked Questions
Which is cheaper, FNGO or IVV?
FNGO has an expense ratio of 0.95% while IVV charges 0.03%. IVV is the cheaper option, by $92 a year on a $10,000 investment.
Which performed better, FNGO or IVV?
Over the past year FNGO returned +29.40% vs +20.08% for IVV, so FNGO leads on 1-year performance. Over the longest common window we track (8 years), FNGO annualized +39.57% vs +14.26% for IVV. Past performance does not guarantee future results. This is information, not a recommendation.
Which is riskier, FNGO or IVV?
FNGO has been the more volatile fund at 56.0% annualized versus 16.8% for IVV. Worst drawdown: FNGO -78.4% vs IVV -33.9%.
Should I hold both FNGO and IVV?
FNGO and IVV have a monthly-return correlation of 0.78, so their returns are far enough apart for the mix to behave differently from either one alone. This is information, not a recommendation.
What is the holdings overlap between FNGO and IVV?
100.0% of FNGO's money is in holdings IVV also owns. 34.9% of IVV's is in holdings FNGO also owns. They hold 10 positions in common, counted across the 10 positions we hold weights for in FNGO and 505 in IVV.
Which pays a higher dividend, FNGO or IVV?
FNGO yields 0.00% while IVV yields 1.10%, so IVV currently pays the higher dividend yield.
Is IVV better than FNGO?
IVV has a lower expense ratio. FNGO led over 1Y, 3Y, 5Y and the full window. IVV is less concentrated, with 37.9% of the fund in its ten largest positions against 100.0%. Which one suits a particular account depends on what it is for. This is information, not a recommendation.