MicroSectors FANG+™ Index 3X Leveraged ETN

Price: $426.00
Change: $17.79 (0.04%)
Category: Leveraged Equities
Last Updated:


Structure ETN
Expense Ratio 0.95%
ETF Home Page Home page
Inception Jan 22, 2018
Index Tracked NYSE FANG+ Index (+300%)

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.

ETF Database Themes

Leveraged 3x
Asset Class Equity
Asset Class Size Large-Cap
Asset Class Style Blend
Sector (General) Technology
Sector (Specific) Broad
Region (General) North America
Region (Specific) U.S.

FactSet Classifications

Segment Leveraged Equity: U.S. Big Tech
Category Sector
Focus Theme
Niche Big Tech
Strategy Equal
Weighting Scheme Equal

Trading Data

Open - Volume -
Day Lo - Day Hi -
  • Open
  • Volume
  • Day Lo
  • Day Hi
  • 52 Week Lo $125.85
  • 52 Week Hi $438.26
  • AUM $5,298.6 M
  • Shares 13.0 M

Historical Trading Data

  • 1 Month Avg. Volume 752,417
  • 3 Month Avg. Volume 929,274

Alternative ETFs in the ETF Database Leveraged Equities Category

Type Symbol Expense Ratio Assets Avg. Daily Vol YTD Return
Cheapest SPUU 0.61% $127.9 M 19,415 26.66%
Largest (AUM) TQQQ 0.88% $22.4 B 60 M 44.71%
Most Liquid (Volume) SOXL 0.76% $11.7 B 61 M 93.97%
Top YTD Performer NVDL 1.15% $3.6 B 17 M 422.52%

Alternative ETFs in the FactSet Leveraged Equity: U.S. Big Tech Segment

Type Symbol Expense Ratio Assets Avg. Daily Vol YTD Return
Cheapest FNGO 0.95% $344.1 M 20,226 54.15%
Largest (AUM) BULZ 0.95% $1.2 B 143,146 43.33%
Most Liquid (Volume) BULZ 0.95% $1.2 B 143,146 43.33%
Top YTD Performer FNGG 0.98% $51.9 M 11,794 54.45%

Top 15 Holdings

Concentration Analysis

This section compares how balanced and deep this ETF is relative to its peers.

Holdings Comparison

FNGU ETF Database Category Average FactSet Segment Average
Number of Holdings 10 86 7
% of Assets in Top 10 100.00% 67.47% 79.62%
% of Assets in Top 15 100.00% 70.76% 80.00%
% of Assets in Top 50 100.00% 78.53% 80.00%

Size Comparison

FNGU ETF Database Category Average FactSet Segment Average
Large (>12.9B) N/A 2.98% N/A
Mid (>2.7B) N/A 0.56% N/A
Small (>600M) N/A 0.01% N/A
Micro (<600M) N/A 0.00% N/A

FNGU Valuation

This section compares the P/E ratio of this ETF to its peers.

P/E Ratio
ETF Database Category Average
P/E Ratio
FactSet Segment Average
P/E Ratio

FNGU Dividend

This section compares the dividend yield of this ETF to its peers.

FNGU ETF Database Category Average FactSet Segment Average
Dividend N/A $ 0.29 $ 0.08
Dividend Date N/A N/A N/A
Annual Dividend Rate N/A $ 0.54 $ 0.22
Annual Dividend Yield N/A 2.16% 0.16%

FNGU Price and Volume Charts

View charts featuring FNGU price and volume data.

FNGU Fund Flows Charts

View charts featuring ETF fund flow data.

5 Day Net Flows: 0 1 Month Net Flows: 0 3 Month Net Flows: 0 6 Month Net Flows: 0 1 Year Net Flows: 0 3 Year Net Flows: 520.37 M 5 Year Net Flows: 985.42 M 10 Year Net Flows: 1.1 B

FNGU Price vs Flows AUM Influence Charts

View charts that break down the influence that fund flows and price had on overall assets.

5 Day Net AUM Change: 443.04 M
1 Month Net AUM Change: 731.89 M
3 Month Net AUM Change: 687.18 M
6 Month Net AUM Change: 2.46 B
1 Year Net AUM Change: 3.01 B
3 Year Net AUM Change: 3.49 B
5 Year Net AUM Change: 4.94 B
10 Year Net AUM Change: 4.98 B

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 ETF Database 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 ETF Database Pro. To view information on how the ETF Database Realtime Ratings work, click here.

Metric Metric Realtime Rating A+ Metric Rated ETF
Liquidity A TQQQ
Expenses B+ SPUU

A+ Overall Rated ETF:

FNGU Expenses & Fees

This section compares the cost efficiency of this ETF to its peers.

Expenses Ratio Analysis

Expense Ratio
ETF Database Category Average
Expense Ratio
FactSet Segment Average
Expense Ratio

Tax Analysis

Max ST Capital Gains Rate 39.60%
Max LT Capital Gains Rate 20.00%
Tax On Distributions No distributions
Distributes K1 No
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 peers. Returns over 1 year are annualized.

FNGU ETF Database
Category Average
Factset Segment
1 Month Return 29.71% 2.63% 23.17%
3 Month Return 32.45% 2.72% 22.58%
YTD Return 82.92% 16.63% 46.97%
1 Year Return 122.15% 31.36% 78.09%
3 Year Return 11.60% -4.60% 6.42%
5 Year Return 67.39% 1.92% 25.19%

Geographic Exposure

The following charts reflect the geographic spread of FNGU's underlying holdings.

Holdings Analysis

The following charts reflect the allocation of FNGU's underlying holdings.

FNGU Technicals

Volatility Analysis

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

5 Day Volatility 586.90%
20 Day Volatility 46.96%
50 Day Volatility 64.08%
200 Day Volatility 67.69%
Beta 3.77
Standard Deviation 73.61%
5 Day Volatility
3 of 123

20 Day Volatility
35 of 123

50 Day Volatility
22 of 123

200 Day Volatility
20 of 123

14 of 117

Standard Deviation
3 of 119


  • 20 Day MA $369.42
  • 60 Day MA $335.34
  • MACD 15 Period 53.14
  • MACD 100 Period 101.74
  • Williams % Range 10 Day 10.81
  • Williams % Range 20 Day 10.81
  • RSI 10 Day 79
  • RSI 20 Day 69
  • RSI 30 Day 65
  • Ultimate Oscillator 67

Bollinger Bands

  • Lower Bollinger (10 Day) $324.76
  • Upper Bollinger (10 Day) $425.53
  • Lower Bollinger (20 Day) $329.65
  • Upper Bollinger (20 Day) $407.84
  • Lower Bollinger (30 Day) $303.53
  • Upper Bollinger (30 Day) $407.32

Support & Resistance

  • Support Level 1 $418.25
  • Support Level 2 $410.51
  • Resistance Level 1 $436.00
  • Resistance Level 2 $446.01


  • Stochastic Oscillator %D (1 Day) 53.69
  • Stochastic Oscillator %D (5 Day) 82.71
  • Stochastic Oscillator %K (1 Day) 59.70
  • Stochastic Oscillator %K (5 Day) 78.91


  • Tracking Difference Median (%) 151.11
  • Tracking Difference Max Upside (%) 412.42
  • Tracking Difference Max Downside (%) 7.10
  • Median Premium Discount (%) -0.04
  • Maximum Premium Discount (%) 0.64
  • Average Spread (%) 26.80
  • Average Spread ($) 26.80

Financial Advisor Report

ETF Database's Financial Advisor Reports are designed as an easy handout for clients to explain the key information on a fund. Includes new analyst insights and classification data.

Fact Sheet

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

Data Lineage

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