FNGO vs VOO
MicroSectors FANG+ Index 2X Leveraged ETN vs Vanguard S&P 500 ETF
Quick Verdict
VOO has a lower expense ratio. FNGO delivered stronger 1-year returns. VOO offers more diversification with 509 holdings.
Side-by-Side Comparison
| Metric | FNGO | VOO | Winner |
|---|---|---|---|
| Expense Ratio | 0.95% | 0.03% | |
| AUM | $772M | $997.4B | |
| Dividend Yield | 0.00% | 1.08% | |
| Holdings | 10 | 509 | |
| YTD Return | +29.43% | +13.20% | |
| 1Y Return | +31.55% | +21.62% | |
| 3Y Return (annualized) | +60.40% | +22.16% | |
| 5Y Return (annualized) | +28.80% | +13.42% | |
| Volatility (annualized) | 56.2% | 14.1% | |
| Max Drawdown | -78.4% | -34.3% | |
| Fund Family | BMO Capital Markets | Vanguard (US) | |
| Category | Alternative | Equity | |
| Inception | Aug 1, 2018 | Sep 7, 2010 |
FNGO vs VOO Performance
MicroSectors FANG+ Index 2X Leveraged ETN (FNGO) is a ETF from BMO Capital Markets and Vanguard S&P 500 ETF (VOO) is a ETF from Vanguard (US). Over the past year FNGO returned +31.55% while VOO returned +21.62%. Year to date, FNGO is up 29.43% versus a gain of 13.20% for VOO.
Over three years, FNGO compounded at +60.40% per year against +22.16% for VOO; over five years the annualized figures are +28.80% and +13.42% respectively. Across the full 8-year window we track, FNGO has the edge at +39.10% annualized vs +13.51%. Past performance does not guarantee future results.
Risk: Volatility and Drawdowns
FNGO has been the more volatile fund, with annualized monthly volatility of 56.2% compared with 14.1% for VOO. 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 -34.3% for VOO. 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 0.78. They usually move together, but the gap leaves some room for diversification.
Fees and Cost Over Time
FNGO charges 0.95% per year while VOO 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 1.08% for VOO.
Holdings Overlap
FNGO and VOO share 10 holdings out of 505 unique holdings combined, representing a 32.9% weight overlap.
Moderate overlap means holding both could provide meaningful diversification benefits.
Frequently Asked Questions
Which is cheaper, FNGO or VOO?
FNGO has an expense ratio of 0.95% while VOO charges 0.03%. VOO is the cheaper option. On a $10,000 investment, that is $92 per year of difference.
Which performed better, FNGO or VOO?
Over the past year FNGO returned +31.55% vs +21.62% for VOO, so FNGO leads on 1-year performance. Over the longest common window we track (8 years), FNGO annualized +39.10% vs +13.51% for VOO. Past performance does not guarantee future results.
Which is riskier, FNGO or VOO?
FNGO has been the more volatile fund at 56.2% annualized versus 14.1% for VOO. Worst drawdown: FNGO -78.4% vs VOO -34.3%.
Should I hold both FNGO and VOO?
FNGO and VOO have a monthly-return correlation of 0.78, so combining them can provide real diversification depending on your allocation goals.
What is the holdings overlap between FNGO and VOO?
FNGO and VOO share 10 common holdings with a 32.9% weight overlap. Combined, they hold 505 unique securities.
Which pays a higher dividend, FNGO or VOO?
FNGO yields 0.00% while VOO yields 1.08%, so VOO currently pays the higher dividend yield.
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