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FNGO ETN — MicroSectors FANG+ Index 2X Leveraged ETN
MicroSectors FANG+ Index 2X Leveraged ETN (FNGO)
Updated October 16, 2026.
FNGO is an ETN. its expense ratio is 0.95%. Total return is 1347.0% over the past 8.2 years, 1141.0 points ahead of SPY at 206.0%.
MicroSectors FANG+ Index 2X Leveraged ETN is a senior unsecured note issued by Bank of Montreal that provides twice-daily-compounded leveraged exposure to the FANG+ Index, an equal-dollar-weighted index of highly-traded growth stocks in technology and tech-enabled consumer discretionary companies. The ETN carries an expense ratio of 0.95% and does not currently distribute income. It appeals to investors seeking amplified exposure to concentrated growth-oriented technology and consumer discretionary stocks, though leverage introduces heightened volatility and decay risk in sideways or declining markets.
FNGO performance versus SPY
Price and return data through 2026-10-16.
Total return is 1347.0% over the past 8.2 years, 1141.0 points ahead of SPY at 206.0%. Over the past year its total return — price change plus distributions reinvested — is 21.6%. Its deepest 1-year drawdown was 42.7%.
| Window | Total return | CAGR |
|---|---|---|
| 1M | 0.8% | — |
| 3M | 10.2% | — |
| 6M | 28.2% | — |
| YTD | 27.5% | — |
| 1Y | 21.6% | — |
| 2Y CAGR | — | 41.40% |
| 3Y CAGR | — | 59.40% |
| 5Y CAGR | — | 25.70% |
| Since inception (8.2 years) | 1347.0% | 38.50% |
FNGO key facts
- Issuer
- REX Shares
- Asset type
- ETN
- Asset class
- Equity
- Inception date
- 08/01/2018
- Expense ratio
- 0.95%
- Distribution frequency
- None
- Last close
- $148.58 (as of 2026-10-16)
- AUM
- $822,163,581
- Average volume
- 4148.0
- Beta
- 3.04
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.
FNGO risks and drawbacks
The deepest 1-year drawdown on record here is 42.7%.
Who may consider FNGO — and who may not
It is a weaker fit for investors who need monthly cash flow (FNGO does not currently distribute). This is educational context, not a recommendation to buy or sell.
More on FNGO
Frequently asked questions
Does FNGO pay monthly?
No. FNGO does not currently distribute.
What is FNGO's expense ratio?
FNGO's expense ratio is 0.95%.
When does FNGO pay a dividend?
FNGO does not currently distribute.
How has FNGO performed?
Total return is 1347.0% over the past 8.2 years, 1141.0 points ahead of SPY at 206.0%. Over the past year its total return — price change plus distributions reinvested — is 21.6%. Its deepest 1-year drawdown was 42.7%.
More securities from REX Shares.
Tickers
Holdings as-of date unavailable.
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