FNGO vs SPY
MicroSectors FANG+ Index 2X Leveraged ETN vs State Street SPDR S&P 500 ETF Trust
Which is better, FNGO or SPY?
Trading-Leveraged Equity against Large Cap Blend.
SPY has a lower expense ratio. FNGO led over 1Y, 3Y, 5Y and the full window. SPY is less concentrated, with 38.2% 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 | SPY |
|---|---|---|
| Expense Ratio | 0.95% | 0.09%Best |
| AUM | $788M | $811.2B |
| Dividend Yield | 0.00% | 0.98% |
| Holdings | 20 | 1,515 |
| YTD Return | +41.21%Best | +13.54% |
| 1Y Return | +26.32%Best | +16.25% |
| 3Y Return (annualized) | +68.61%Best | +23.72% |
| 5Y Return (annualized) | +31.37%Best | +13.95% |
| Volatility (annualized) | 55.7% | 16.7%Best |
| Max Drawdown | -78.4% | -34.1%Best |
| $10,000 over 5 years | $39,127Best | $19,212 |
| Top 10 Weight | 100.0% | 38.2%Best |
| Fund Family | BMO Capital Markets | State Street Investment Management |
| Category | Alternative | Equity |
| Style | Trading-Leveraged Equity | Large Cap Blend |
| Inception | Aug 1, 2018 | Jan 22, 1993 |
Volatility and max drawdown are measured over the window both funds cover: Aug 2, 2018 to Oct 2, 2026 (8.2 years).
FNGO vs SPY 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 8.2 years both funds cover.
FNGO vs SPY Performance
MicroSectors FANG+ Index 2X Leveraged ETN (FNGO) is an ETF from BMO Capital Markets and State Street SPDR S&P 500 ETF Trust (SPY) is an ETF from State Street Investment Management. Over the past year FNGO returned +26.32% while SPY returned +16.25%. Year to date, FNGO is up 41.21% versus a gain of 13.54% for SPY.
Over three years, FNGO compounded at +68.61% per year against +23.72% for SPY; over five years the annualized figures are +31.37% and +13.95% respectively. Across the full 8-year window we track, FNGO has the edge at +39.91% annualized vs +14.13%.
Past performance does not guarantee future results.
Risk: Volatility and Drawdowns
FNGO has been the more volatile fund, with annualized monthly volatility of 55.7% compared with 16.7% for SPY. 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 -34.1% for SPY. 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 SPY charges 0.09%. On a $10,000 position that is $95 vs $9 annually, a gap of $86 per year that compounds over a long holding period. On income, FNGO currently yields 0.00% against 0.98% for SPY.
Holdings Overlap
100.0% of FNGO's money is in holdings SPY also owns. 35.3% of SPY's money is in holdings FNGO also owns.
Most of FNGO is already inside SPY. Owning both mostly buys the same companies twice.
10 positions in common, counted across the 10 positions we hold weights for in FNGO and 504 in SPY, against full books of 20 and 1,515.
What only one of them owns
Our book lists 487 positions for SPY that do not appear in our book for FNGO (64.0% of the fund), and 0 for FNGO that do not appear in SPY (0.0%).
Some of those will be the same company recorded under a different code in one of the two books, so the real difference in what you would own is no larger than this and may be smaller. We do not name the individual positions here for that reason.
Top Shared Holdings
| Stock | Weight in FNGO | Weight in SPY | Difference |
|---|---|---|---|
| AAPLApple, Inc | 10.40% | 7.45% | 2.95% |
| MSFTMicrosoft Corp | 12.12% | 5.71% | 6.41% |
| NVDANvidia Corp | 9.88% | 7.78% | 2.10% |
| AMZNAmazon.Com Inc | 10.02% | 3.78% | 6.24% |
| METAMeta Platforms Inc | 10.58% | 2.22% | 8.36% |
| PLTRPalantir Technologies Inc | 11.86% | 0.61% | 11.25% |
| GOOGLAlphabet Inc,class A | 8.62% | 3.12% | 5.50% |
| AVGOBroadcom Inc | 8.54% | 2.48% | 6.06% |
| MUMicron Technology, Inc. | 8.66% | 1.59% | 7.07% |
| NFLXNetflix, Inc. | 9.32% | 0.51% | 8.81% |
100.0% of FNGO is already inside SPY.
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 SPY?
FNGO has an expense ratio of 0.95% while SPY charges 0.09%. SPY is the cheaper option, by $86 a year on a $10,000 investment.
Which performed better, FNGO or SPY?
Over the past year FNGO returned +26.32% vs +16.25% for SPY, so FNGO leads on 1-year performance. Over the longest common window we track (8 years), FNGO annualized +39.91% vs +14.13% for SPY. Past performance does not guarantee future results. This is information, not a recommendation.
Which is riskier, FNGO or SPY?
FNGO has been the more volatile fund at 55.7% annualized versus 16.7% for SPY. Worst drawdown: FNGO -78.4% vs SPY -34.1%.
Should I hold both FNGO and SPY?
FNGO and SPY 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 SPY?
100.0% of FNGO's money is in holdings SPY also owns. 35.3% of SPY'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 504 in SPY.
Which pays a higher dividend, FNGO or SPY?
FNGO yields 0.00% while SPY yields 0.98%, so SPY currently pays the higher dividend yield.
Is SPY better than FNGO?
SPY has a lower expense ratio. FNGO led over 1Y, 3Y, 5Y and the full window. SPY is less concentrated, with 38.2% 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.