Snapshot*
Top 10 Holdings
What is FNGG?
The Direxion Daily NYSE FANG+ Bull 2X Shares seeks daily investment results, before fees and expenses, of 200% of the performance of the NYSE FANG+ Index. The NYSE FANG+ Index (NYFANGT) is an equal-dollar weighted Index designed to track the performance of 10 highly-traded growth stocks of technology and tech-enabled companies. The Index is comprised of the securities of U.S.-listed companies that ICE Data Indices, LLC (the "Index Provider") has identified as FANG+ companies, which are comprised of the six FAANMG companies and four non-FAANMG companies. The Index Provider defines the FAANMG as Meta Platforms Inc. (META), Apple Inc. (AAPL), Amazon.com Inc. (AMZN), Netflix Inc. (NFLX), Microsoft Corp. (MSFT), and Alphabet Inc. Class A (GOOGL). The Index is reconstituted quarterly. One cannot directly invest in an index.
FNGGPerformance Measures**
for the time period Sep 30, 2021 to Aug 5, 2026
1M Trailing Return: 12.5%
The percent change in the value over the most recent 1-month period.
3M Trailing Return: 18.8%
The percent change in the value over the most recent 3-month period.
Max Drawdown: -91.2%
The greatest percent loss from peak to trough in value over the time period.
Standard Deviation: 67.3%
The typical amount that daily returns vary from the mean of the returns over the time period, standardized to a period of a year.
Sharpe Ratio: 0.40
The annualized arithmetic mean of the daily returns divided by the annualized standard deviation of the daily returns for the selected time period.
Calmar Ratio: 0.05
The annualized return divided by the max drawdown for the selected time period.
ETFs related toFNGG
ETFs correlated to FNGG include FNGU, FNGS, FNGO
What is ETF correlation?
Correlation is a measure of the strength of the relationship between two ETFs. It quantifies the degree to which prices of the two ETFs typically move together.
Here, correlation is measured over the past year with the Pearson correlation coefficient (Pearon’s r), which ranges from -1 to 1.
Using ETF correlations in portfolio and strategy construction
ETF correlations can help you create investing strategies and portfolios. Use them to:
- •Build a diversified portfolio from uncorrelated or inversely correlated ETFs with the aim of minimizing portfolio risk.
- •Compare correlated or related ETFs to find one with a lower expense ratio or higher trading volume.
- •Create an investing strategy that hedges an ETF with an uncorrelated or inversely correlated ETF.
Trading Strategies
Related toFNGG
(C) V1 BWC: Not Boring Trends with Inflation Haven + Caesar's TQQQ For the Long Term (593/34%MDD) 6/19/2019
Category
Trend-following, regime switching, leveraged ETFs, tactical rotation, momentum, risk parity, volatility hedging, inflation hedge, tech-heavy
OOS Cumulative Return
146.68%
(C) V1 BWC: Not Boring Trends with Inflation Haven + Caesar's TQQQ For the Long Term (539/33%MDD) Since 2019
Category
Trend following, regime switching, leveraged ETFs, tactical allocation, risk parity, crash protection, inflation hedges
OOS Cumulative Return
146.68%
Create your own algorithmic trading strategy with FNGG using Composer
FAQ
Disclaimers
We show information directly obtained from our data provider, Xignite. Data shown here is provided by Xignite, an unaffiliated third party. Composer believes the information shown here is reliable, but has not been verified and there is no guarantee that the information is accurate.
We show information based on calculations performed by Composer using data from our provider. Information provided here is based on calculations performed by Composer using data sourced from Xignite, an unaffiliated third party. Composer believes this information is reliable, but has not verified the data and there is no guarantee that the calculations are accurate.