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ETFs

Direxion Daily NYSE FANG+ Bull 2X Shares

FNGG
$--
Today’s Change
-- (--)

Snapshot
*

Inception Date
Sep 30, 2021
Expense Ratio
0.95%
Type
US Equities
Fund Owner
Direxion Shares
Volume (1m avg. daily)
$533,527
AUM
$18,740,556
Associated Index
NYSE FANG+ Index
Inverse/Leveraged
Leveraged (2x)
Passive/Active
Passive
Fractionable on Composer
No
Prospectus
View

Top 10 Holdings

n/a
DREYFUS GOVT CASH MAN INS
24.92%
AAPL
Apple Inc
1.73%
META
Meta Platforms Inc - Ordinary Shares - Class A
1.69%
AVGO
Broadcom Inc
1.68%
GOOGL
Alphabet Inc - Ordinary Shares - Class A
1.64%
MSFT
Microsoft Corporation
1.63%
NFLX
Netflix Inc.
1.59%
NVDA
NVIDIA Corp
1.58%
SNOW
Snowflake Inc - Ordinary Shares - Class A
1.56%
TSLA
Tesla Inc
1.56%
Invest with FNGG

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.

ETFs related toFNGG

ETFs correlated to FNGG include FNGU, FNGS, FNGO

FNGG
Direxion Shares ETF Trust - Direxion Daily NYSE FANG+ Bull 2X Shares
FNGU
Bank of Montreal - BMO REX MicroSectors FANG+ Index 3X Leveraged ETN
FNGS
Bank of Montreal - MicroSectors FANG ETNs
FNGO
Bank of Montreal - MicroSectors FANG+Index 2X Leveraged ETNs
FBCG
Fidelity Covington Trust - Fidelity Blue Chip Growth ETF
FDN
First Trust Exchange-Traded Fund III - First Trust Dow Jones Internet Index Fund
TCHP
T. Rowe Price ExchangeTraded Funds Inc - T. Rowe Price Blue Chip Growth ETF
WEBL
Direxion Shares ETF Trust - Direxion Daily Dow Jones Internet Bull 3X Shares
TIME
Capitol Series Trust - Clockwise Core Equity & Innovation ETF
IGM
BlackRock Institutional Trust Company N.A. - iShares Expanded Tech Sector ETF
SCHG
Schwab Strategic Trust - Schwab U.S. Large-Cap Growth ETF

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.

Automated Strategies
Related toFNGG

#SPYMIN

SPY minimum drawdown

Category

Community

Risk Rating

Aggressive

Create your own algorithmic trading strategy with FNGG using Composer

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Mar 21, 2016 • by Benzinga
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FAQ

FNGG is a US Equities ETF. 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.

FNGG tracks the NYSE FANG+ Index.

No, FNGG is not actively managed. It is passively managed. In an actively managed fund, the fund manager makes decisions about how funds are invested. A passively managed fund typically tries to track or follow a market index.

Yes, FNGG is passively managed. A passively managed fund typically tries to track or follow a market index. In an actively managed fund, the fund manager makes decisions about how funds are invested.

The 1-month return on FNGG is -0.0252%. This is the percent change in the value of FNGG over the most recent 1-month period. The 3-month return on FNGG is -0.0455%. This is the percent change in the value of FNGG over the most recent 3-month period.

The standard deviation of FNGG for the past year is 0.6719%. Standard deviation is the typical amount that the daily returns vary from the mean of the returns over the time period, standardized to a period of a year.

ETFs similar to FNGG include SSO, SPXL, and SDS.

ETFs correlated to FNGG include FNGU, FNGS, and FNGO.

ETFs that are inversely correlated to FNGG include FNGD, WEBS, and BERZ.

Yes, FNGG is a Leveraged (2x) ETF: This means that FNGG will try to match the performance of NYSE FANG+ Index, but with 2x the returns.

Yes, FNGG is a Leveraged (2x) leveraged ETF: This means that {characteristics.Identifier} will try to match the performance of NYSE FANG+ Index, but move 2x in the opposite direction.

Disclaimers

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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.