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FNGD ETN — MicroSectors FANG+ Index -3X Inverse Leveraged ETN
MicroSectors FANG+ Index -3X Inverse Leveraged ETN (FNGD)
Updated October 16, 2026.
FNGD is an ETN. its expense ratio is 0.95%. Total return is -100.0% over the past 8.7 years, 307.7 points behind SPY at 207.7%.
MicroSectors FANG+ Index -3X Inverse Leveraged ETN is a leveraged note designed as a daily trading tool for sophisticated investors, providing inverse (short) exposure to the FANG+ Index, which tracks highly-traded growth stocks in technology and consumer discretionary sectors on an equal-dollar-weighted basis. The ETN does not distribute income, carrying an expense ratio of 0.95%. This security appeals to experienced traders seeking to hedge against or bet against technology sector declines on a short-term basis rather than to income-focused investors.
FNGD performance versus SPY
Price and return data through 2026-10-16.
Total return is -100.0% over the past 8.7 years, 307.7 points behind SPY at 207.7%. Over the past year its total return — price change plus distributions reinvested — is -48.1%. Its deepest 1-year drawdown was 73.5%.
| Window | Total return | CAGR |
|---|---|---|
| 1M | -3.0% | — |
| 3M | -19.5% | — |
| 6M | -43.8% | — |
| YTD | -49.3% | — |
| 1Y | -48.1% | — |
| 2Y CAGR | — | -63.70% |
| 3Y CAGR | — | -68.60% |
| 5Y CAGR | — | -63.90% |
| Since inception (8.7 years) | -100.0% | -69.80% |
FNGD key facts
- Issuer
- REX Shares
- Asset type
- ETN
- Asset class
- Equity
- Inception date
- 01/22/2018
- Expense ratio
- 0.95%
- Distribution frequency
- None
- Last close
- $26.73 (as of 2026-10-16)
- AUM
- $45,850,971
- Average volume
- 287430.0
- Beta
- -3.59
How Dividend Vision calculates yield and returns
Distribution rate (the posted rate) uses calculation basis unavailable. Issuer rates can use a different denominator and date, including ex-date NAV. Trailing-12-month yield is the sum of split-adjusted cash distributions with ex-dates in the last 12 months, divided by the published price. It lags a recent raise or cut. Total return uses split-adjusted close with distributions reinvested on the ex-dividend date (a modeling convention, not the cash-settlement date) from the first stored bar on or after inception through the latest bar, compared with the same window on the benchmark. That is the security's total return, not your personal gain/loss.
Yield and safety methodology · Distribution rate methodology · Distribution Safety Score methodology
Sources and review
Primary sources: REX Shares; prices and distributions from Dividend Vision, derived from vendor EOD data.
Reviewed by Bert Sweet, CEO and Co-owner of Dividend Vision. Methodology: Distribution Safety Score.
FNGD risks and drawbacks
Total return has trailed SPY over the available window. The deepest 1-year drawdown on record here is 73.5%.
Who may consider FNGD — and who may not
It is a weaker fit for investors who need monthly cash flow (FNGD does not currently distribute); investors whose main goal is matching SPY total return. This is educational context, not a recommendation to buy or sell.
More on FNGD
Frequently asked questions
Does FNGD pay monthly?
No. FNGD does not currently distribute.
What is FNGD's expense ratio?
FNGD's expense ratio is 0.95%.
When does FNGD pay a dividend?
FNGD does not currently distribute.
How has FNGD performed?
Total return is -100.0% over the past 8.7 years, 307.7 points behind SPY at 207.7%. Over the past year its total return — price change plus distributions reinvested — is -48.1%. Its deepest 1-year drawdown was 73.5%.
More securities from REX Shares.
Tickers
Holdings as-of date unavailable.
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