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FNGO — MicroSectors FANG+ Index 2X Leveraged ETN

MicroSectors FANG+ Index 2X Leveraged ETN (FNGO)

FNGO pays a 0.00% distribution rate, on a 0.95% expense ratio. Total return is 1373.9% over the past 8 years, 1163.4 points ahead of SPY at 210.5%. Its deepest 1-year drawdown was 42.7%.

MicroSectors FANG+ Index 2X Leveraged ETN provides 2x leveraged exposure to the FANG+ index, a basket of highly-traded mega-cap technology and internet stocks, making it a daily reset product designed for tactical positioning rather than long-term holding. The ETN carries a 0.95% expense ratio and does not pay distributions, instead focusing on price appreciation through its leveraged structure. This product appeals primarily to active traders and those seeking amplified exposure to large-cap tech stocks over short timeframes, though the leverage mechanism introduces substantial volatility and decay risk over extended periods.

FNGO key facts

Issuer
REX Shares
Asset type
ETN
Asset class
Equity
Inception date
08/01/2018
Expense ratio
0.95%
Distribution rate
0.00%
Last close
$151.34
AUM
$634,349,428
Average volume
1353.0
Beta
3.01
P/E ratio
31.3689