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FNGU
MicroSectors FANG+™ Index 3X Inverse Leveraged ETN

Price: $226.64
Change: $11.22 (0.05%)
Category: Leveraged Equities
Last Updated:

Vitals

Investment Themes

Trading Data

Open - Volume -
Day Lo - Day Hi -
  • Open
  • Volume
  • Day Lo
  • Day Hi
  • 52 Week Lo $23.01
  • 52 Week Hi $255.54
  • AUM $968.5 M
  • Shares 4.5 M

Analyst Report

The MicroSectors FANG+ Index 3X Leveraged exchange-traded note aims to triple the daily return of an index of so-called FANG stocks, meaning Facebook, Amazon, Apple, Netflix, and Google-parent Alphabet Inc. The fund offers highly concentrated exposure those five “core” companies, plus another five technology growth stocks, including Alibaba, Baidu, NVIDIA, Tesla and Twitter.

The notes are intended to be used as short-term trading tools by sophisticated investors. FNGU, like most leveraged products, rebalances at the end of every trading day. In practice, this means FNGU’s performance will diverge significantly from the underlying stocks. The daily reset means that FNGU could lose money over time even if the underlying equities have posted a gain, which can come as a rude surprise to buy-and-hold investors.

Investors looking for long-term exposure to technology might be better-served with low-cost funds like State Street Corp.’s Technology Select Sector SPDR Fund (XLK) or the Vanguard Information Technology ETF (VGT). Both offer broad tech exposure, but don’t invest in household names like Alphabet, Facebook and Twitter due to an indexing change that reclassified those companies into communications services. (Those stocks can be found in XLC and VOX instead.) Another long-term option is the Invesco QQQ Trust, which invests in non-financial companies listed on the Nasdaq. (QQQ includes all the FANG stocks except Twitter, which is listed on the New York Stock Exchange.)

FNGU’s management fee of 95 basis points might seem like a high price to pay for a passive investment, but that shouldn’t be a major concern for short-term trading. For traders who want the leverage but prefer broad exposure to tech, there’s products like TECL from Direxion, which uses leverage to juice returns of the same stocks as XLK.

Historical Trading Data

  • 1 Month Avg. Volume 592,341
  • 3 Month Avg. Volume 739,027

Alternative ETFs in the Leveraged Equities Category

Type Symbol Expense Ratio Assets Avg. Daily Vol YTD Return
Cheapest SDYL 0.30% $10.0 M 1,278 -13.80%
Largest (AUM) TQQQ 0.95% $8.8 B 35 M 89.75%
Most Liquid (Volume) SQQQ 0.95% $1.5 B 78 M -84.78%
Top YTD Performer FNGO 0.95% $153.7 M 17,580 190.81%

Top 15 Holdings

Concentration Analysis

This section compares how balanced and deep this ETF is relative to the peer group ETFdb.com Category.

10
Number of Holdings
100.00%
% Assets in Top 10
 
View Detailed Analysis
 
Number of Holdings
10
Rank
61 of 134
Low
YANG (1)
High
UWM (2007)
% Assets in Top 10
100.00%
Rank
69 of 134
Low
SDYL (17.45%)
High
FNGD (112.89%)

 
View Summary Analysis
 

Sector Breakdown

FNGU Valuation

This section shows how the P/E multiple of this ETF compares to the peer group ETFdb.com Category.

P/E Ratio
No Ranking Available
Rank
N/A
Low
BNKU (3.26)
High
UBOT (35.78)

FNGU Dividend

This section shows how the dividend yield of this ETF compares to the peer group ETFdb.com Category.

Dividend
n/a
Dividend Date
n/a
Annual Dividend Rate
n/a

n/a
Dividend
n/a
Dividend Date
n/a
Annual Dividend Rate
Annual Dividend Yield
No Ranking Available
Rank
N/A
Low
UBOT (0.01%)
High
BDCY (12.47%)

FNGU Fund Flows

View charts featuring ETF fund flow data.

5 Day Net Flows: 0 1 Month Net Flows: 0 3 Month Net Flows: 251.74 M 6 Month Net Flows: 251.74 M 1 Year Net Flows: 251.74 M 3 Year Net Flows: 362.02 M 5 Year Net Flows: 362.02 M 10 Year Net Flows: 362.02 M

Realtime Rating

The adjacent table gives investors an individual Realtime Rating for FNGU on several different metrics, including liquidity, expenses, performance, volatility, dividend, concentration of holdings in addition to an overall rating. The "A+ Metric Rated ETF" field, available to ETFdb Pro members, shows the ETF in the Leveraged Equities with the highest Metric Realtime Rating for each individual field. To view all of this data, sign up for a free 14-day trial for ETFdb Pro. To view information on how the ETFdb Realtime Ratings work, click here.

Sign Up for Pro to Unlock Data Sign Up
Metric Metric Realtime Rating A+ Metric Rated ETF
Liquidity n/a n/a
Expenses n/a n/a
Performance
Volatility
Dividend
Concentration

A+ Overall Rated ETF:

FNGU Expenses & Fees

This section compares the cost efficiency of this ETF to peers in the same ETFdb.com Category.

Expenses Ratio Analysis

ETF Average
0.534%
ETF Wtd. Average
-0.13%
Category Average
1.02%
Expense Ratio
0.95%
Rank
30 of 145
Low
SDYL (0.30%)
High
BDCY (1.65%)
ESG Themes and Scores

FNGU does not have an ESG score. There are no ESG themes that map to this ETF.

FNGU Performance

This section shows how this ETF has performed relative to its peer group ETFdb.com Category.

8.97%
1 Week Return
25.35%
4 Week Return
-7.36%
13 Week Return
179.42%
26 Week Return
278.93%
Year to Date Return
384.58%
1 Year Return
No Ranking Available
3 Year Return
No Ranking Available
5 Year Return
 
View Detailed Analysis
 
1 Week Return
8.97%
Rank
12 of 145
Low
NRGU (-27.55%)
High
NRGD (31.51%)
4 Week Return
25.35%
Rank
47 of 145
Low
NRGD (-72.23%)
High
NRGU (94.48%)
13 Week Return
-7.36%
Rank
91 of 145
Low
HIBS (-59.48%)
High
MEXX (83.16%)
26 Week Return
179.42%
Rank
1 of 143
Low
FNGD (-79.41%)
High
FNGU (179.42%)
Year to Date Return
278.93%
Rank
1 of 143
Low
GUSH (-97.77%)
High
FNGU (278.93%)
1 Year Return
384.58%
Rank
1 of 142
Low
GUSH (-96.50%)
High
FNGU (384.58%)
3 Year Return
No Ranking Available
Rank
N/A
Low
GUSH (-99.69%)
High
TQQQ (260.09%)
5 Year Return
No Ranking Available
Rank
N/A
Low
JDST (-99.99%)
High
SOXL (1412.69%)

 
View Summary Analysis
 

FNGU Price and Volume Chart

FNGU Technicals

Volatility Analysis

This section shows how the volatility of this ETF compares to the peer group ETFdb.com Category.

 
View Detailed Analysis
 
5 Day Volatility
207.17%
Rank
83 of 145
Low
REW (3.65%)
High
SOXL (1122.14%)
20 Day Volatility
76.60%
Rank
36 of 145
Low
BDCX (26.50%)
High
NRGD (318.12%)
50 Day Volatility
89.97%
Rank
21 of 145
Low
BDCX (31.55%)
High
NRGD (230.48%)
200 Day Volatility
98.75%
Rank
11 of 145
Low
BDCX (27.39%)
High
NRGD (181.06%)
Beta
4.14
Rank
8 of 145
Low
DRIP (-5.3)
High
GUSH (6.25)
Standard Deviation
60.41%
Rank
17 of 142
Low
SDP (2.33%)
High
GUSH (455.30%)

 
View Summary Analysis
 

Technicals

  • 20 Day MA $202.55
  • 60 Day MA $194.02
  • MACD 15 Period 24.77
  • MACD 100 Period 45.34
  • Williams % Range 10 Day 9.89
  • Williams % Range 20 Day 6.52
  • RSI 10 Day 66
  • RSI 20 Day 59
  • RSI 30 Day 57
  • Ultimate Oscillator 65

Bollinger Brands

  • Lower Bollinger (10 Day) $185.32
  • Upper Bollinger (10 Day) $227.16
  • Lower Bollinger (20 Day) $177.74
  • Upper Bollinger (20 Day) $226.08
  • Lower Bollinger (30 Day) $177.14
  • Upper Bollinger (30 Day) $226.33

Support & Resistance

  • Support Level 1 $220.16
  • Support Level 2 $213.68
  • Resistance Level 1 $231.82
  • Resistance Level 2 $236.99

Stochastic

  • Stochastic Oscillator %D (1 Day) 65.90
  • Stochastic Oscillator %D (5 Day) 82.54
  • Stochastic Oscillator %K (1 Day) 63.99
  • Stochastic Oscillator %K (5 Day) 77.53

Fact Sheet

Fact sheets are issued by the ETF provider and framed by ETFdb.com. Information contained within the fact sheet is not guaranteed to be timely or accurate.

Download the fact sheet PDF

Disclosures

Copyright © 2020 FactSet Research Systems Inc. All rights reserved.

Copyright MSCI ESG Research LLC [2018]. All Rights Reserved. MSCI ESG Research LLC’s (“MSCI ESG”) Fund Metrics products (the “Information”) provide environmental, social and governance data with respect to underlying securities within more than 23,000 multi-asset class Mutual Funds and ETFs globally. MSCI ESG is a Registered Investment Adviser under the Investment Advisers Act of 1940. MSCI ESG materials have not been submitted, to nor received approval from, the US SEC or any other regulatory body. None of the information constitutes an offer to buy or sell, or a promotion or recommendation of, any security, financial instrument or product or trading strategy, nor should it be taken as an indication or guarantee of any future performance, analysis, forecast or prediction. None of the Information can be used to determine which securities to buy or sell or when to buy or sell them. The Information is provided “as is” and the user of the Information assumes the entire risk of any use it may make or permit to be made of the Information. All Information is provided solely for your internal use, and may not be reproduced or redisseminated in any form without express prior written permission from MSCI. Neither MSCI ESG nor any of its affiliates or any third party involved in or related to creating any Information makes any express or implied warranties, representations or guarantees, and in no event will MSCI ESG or any such affiliate or third party have any liability for any direct, indirect, special, punitive, consequential or any other damages (including lost profits) relating to any Information. More information on MSCI ESG Fund Metrics, provided by MSCI ESG Research LLC, can be found at https://www.msci.com/esg-fund-metrics.
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