FNGG ETF — Direxion Daily Select Large Caps & FANGs Bull 2X Shares

Direxion Daily Select Large Caps & FANGs Bull 2X Shares (FNGG)

Updated October 16, 2026.

FNGG is an ETF linked to Select Large Caps & FANGs. its distribution rate is 1.02%, its trailing-12-month yield is 9.55%, its expense ratio is 0.97%. Dividend Vision Distribution Safety Score™ is 73/100 (Generally safe). Total return is 21.2% over the past 5 years, 69.0 points behind SPY at 90.2%.

Direxion Daily Select Large Caps & FANGs Bull 2X Shares is an ETF that provides two times daily leveraged exposure to an equal-dollar weighted index of ten highly-traded growth stocks in technology and tech-enabled companies, using swap agreements, index securities, and tracking ETFs to achieve its objective. The fund carries a modest current distribution rate with quarterly distributions and has an expense ratio of 0.97%. This leveraged equity fund appeals to tactical traders and growth-oriented investors seeking amplified daily exposure to large-cap technology stocks, though the leverage structure introduces correspondingly higher volatility and risk.

FNGG performance versus SPY

Price and return data through 2026-10-16.

Total return is 21.2% over the past 5 years, 69.0 points behind SPY at 90.2%. Over the past year its total return — price change plus distributions reinvested — is 20.8%. Its deepest 1-year drawdown was 43.0%.

FNGG key facts

Distribution Safety Score™

73 · Generally safe

Safety-Adjusted Yield

0.74%

Issuer

Direxion

Asset type

ETF

Asset class

Equity

Inception date

09/29/2021

Expense ratio

0.97%

Distribution rate

1.02%

Distribution frequency

Quarterly

Trailing yield

9.55%

Last close

$258.96 (as of 2026-10-16)

AUM

$122,036,879

Average volume

5757.0

Dividend

$0.66

Ex-dividend date

09/22/2026

Payment date

09/29/2026

Beta

3.04

How Dividend Vision calculates yield and returns

Distribution rate (1.02%) uses calculation basis unavailable. Issuer rates can use a different denominator and date, including ex-date NAV. Trailing-12-month yield (9.55%) 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: Direxion; Index: Select Large Caps & FANGs; 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.

FNGG risks and drawbacks

FNGG's current distribution rate is moderate, not a high-yield payout — the strategy is dividend quality more than maximum income. Payments are quarterly, so cash flow is lumpy versus a monthly fund. Total return has trailed SPY over the available window. The deepest 1-year drawdown on record here is 43.0%.

Who may consider FNGG — and who may not

It is a weaker fit for investors who need monthly cash flow (FNGG pays quarterly); investors hunting double-digit covered-call yields; investors whose main goal is matching SPY total return. This is educational context, not a recommendation to buy or sell.

More on FNGG

• All tickers starting with F

Tagged: Leverage.

Frequently asked questions

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