FNGBMicroSectors™ FANG+™ 3x Leveraged ETNs
The index, which is the same index that the FNGU ETNs are linked to, is an equally-weighted equity index that tracks the performance of 10 highly-traded growth stocks of technology and tech-enabled companies in the technology, media & communications and consumer discretionary sectors.
BMO Capital Markets · Since 2025 (1 year)
0.35%
#1517 out of 5,332 ETFs
$2.0B
#661 out of 5,332 ETFs
—
1 year
#4269 out of 5,332 ETFs
Performance
1 Year
+72.8%
3 Years
N/A
5 Years
N/A
What's inside
Top holdings
Risk profile
58.5%
High
-60.8%
Worst peak-to-trough loss
N/A
N/A
Similar ETFs
Our take
Structural notes on how this fund behaves. Read our guide on the 6 warning signs.
Leveraged ETF — not a long-term hold
This fund uses leverage to amplify daily returns (e.g. 2x or 3x of an index). Daily rebalancing creates volatility decay — over weeks and months, the fund's return drifts from the stated multiple. In trending markets with low realised volatility, leveraged index ETFs can outperform their nominal multiple; in sideways or volatile markets they bleed. Designed for short-term tactical use, not buy-and-hold.
Source: Cheng & Madhavan, 'The Dynamics of Leveraged and Inverse ETFs' (2009)
Why we flagged this: strategy=leveraged + leveraged_name_or_strategy
Educational analysis of structural product characteristics. Not investment advice. Always read the fund prospectus and consult a qualified advisor before investing. More
Data updated on 2026-05-05