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FNGGDirexion Daily NYSE FANG+ Bull 2X Shares

Take a bet4y track recordRanked #363 of 775 in this goal

Seeks daily investment results of 200% of the performance of the NYSE FANG+ Index.

By Direxion Funds · Launched 2021

Annual Cost

0.97%

#4,819 of 5,562 · expensive

Fund Size

$154M

#2,538 of 5,562 · mid-size

Return (1Y)Goal

+38.3%

Track Record

4 years

#2,492 of 5,562 · seasoned

Performance

Total-return NAV · USD
Growth of $10,000
$13,948+39.5%

Total-return NAV, USD. Net of fund fees, before tax.

Classification

How Beacon categorizes this fund

Asset class

Equity

Region

North america

Strategy

Leveraged

Index tracked

NYSE FANG+ Index

What it actually holds

By weight

Concentration

Top 10 holdings = 103.8% of fundconcentrated

DREYFUS GOVERNMENT CASH MANAGE
37.2%
GOLDMAN FINANCIAL
15.1%
N/A
12.8%
N/A
7.7%
N/A
7.6%
Crowdstrike Holdings Inc
5.0%
NVIDIA Corp.
4.9%
Apple Inc.
4.6%
Alphabet Inc.
4.6%
Broadcom Inc
4.4%

Asset allocation

Stocks
58.6%
Cash
41.4%

By sector

Technology
64.5%
Communication
25.2%
Consumer Cyclical
10.3%

Risk profile

Last 12 months · Sharpe & Sortino need 3+ years
Volatility (1Y)
43.1%High

Year-on-year price swings

Max drawdown
-91.3%Severe

Worst peak-to-trough loss

Sharpe (3Y)
1.01Strong risk-adjusted returns
Sortino (3Y)
1.49Good downside protection

Where to buy

Listing

Exchange
NYSE Arca

Full fund details

Objective
Seeks daily investment results of 200% of the performance of the NYSE FANG+ Index.
Strategy
Invests primarily in securities that comprise the NYSE FANG+ Index, using leverage to achieve 2x daily exposure. Designed for short-term trading and not suitable for long-term holding due to compounding effects.
Inception date
September 29, 2021
Fund family
Direxion Funds

Our take

Structural notes on how this fund behaves. Read our guide on the 6 warning signs.

Leveraged
Warning

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

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Data updated on 2026-06-19