(FNGG) Direxion Daily Select Large - Overview
Etf: Swap Agreements, ETF, Leveraged 2X, Tech Stocks
Dividends
| Dividend Yield | 10.90% |
| Yield on Cost 5y | 3.82% |
| Yield CAGR 5y | 452.03% |
| Payout Consistency | 87.5% |
| Payout Ratio | - |
| Risk 5d forecast | |
|---|---|
| Volatility | 58.1% |
| Relative Tail Risk | 4.05% |
| Reward TTM | |
|---|---|
| Sharpe Ratio | 0.18 |
| Alpha | -34.51 |
| Character TTM | |
|---|---|
| Beta | 2.633 |
| Beta Downside | 2.434 |
| Drawdowns 3y | |
|---|---|
| Max DD | 47.03% |
| CAGR/Max DD | 1.46 |
Description: FNGG Direxion Daily Select Large January 19, 2026
The Direxion Daily Select Large Caps & FANGs Bull 2X Shares (FNGG) seeks to deliver twice the daily return of an equal-dollar weighted index of ten highly-traded growth-oriented technology and tech-enabled stocks. To achieve this, the fund invests at least 80 % of its net assets in derivatives-primarily swap agreements, securities that replicate the index, and leveraged ETFs-providing 2× daily exposure. Because the strategy relies on daily rebalancing, performance can diverge significantly from a simple 2× multiple over longer periods, and the ETF is classified as non-diversified under SEC rules.
Key quantitative points to consider: (1) FNGG’s expense ratio is around 0.95 %, which is higher than traditional ETFs but typical for leveraged products; (2) its average daily trading volume exceeds 5 million shares, indicating strong liquidity but also potential for sizable intraday price swings; (3) the underlying index is heavily weighted toward “FANG” names-Meta Platforms, Apple, Amazon, Netflix, and Alphabet-so earnings trends, AI investment cycles, and macro-level tech demand are primary performance drivers. Additionally, rising interest rates can increase the cost of financing leveraged positions, potentially eroding returns in a rising-rate environment.
For a deeper quantitative breakdown, you might explore the ValueRay platform’s risk-adjusted performance tools.
What is the price of FNGG shares?
Over the past week, the price has changed by -8.99%, over one month by -14.41%, over three months by -22.73% and over the past year by -1.33%.
Is FNGG a buy, sell or hold?
What are the forecasts/targets for the FNGG price?
| Issuer | Target | Up/Down from current |
|---|---|---|
| Wallstreet Target Price | - | - |
| Analysts Target Price | - | - |
| ValueRay Target Price | 246 | 40.8% |
FNGG Fundamental Data Overview February 04, 2026
EBIT TTM = 0.0 USD
EBITDA TTM = 0.0 USD
Long Term Debt = unknown (none)
Short Term Debt = unknown (none)
Debt = unknown
Net Debt = unknown
Enterprise Value = 111.5m USD (111.5m + (null Debt) - (null CCE))
Interest Coverage Ratio = unknown (Ebit TTM 0.0 / Interest Expense TTM 0.0)
EV/FCF = unknown (FCF TTM 0.0)
FCF Yield = 0.0% (FCF TTM 0.0 / Enterprise Value 111.5m)
FCF Margin = unknown (Revenue TTM is 0 or missing)
Net Margin = unknown
Gross Margin = unknown ((Revenue TTM 0.0 - Cost of Revenue TTM 0.0) / Revenue TTM)
Tobins Q-Ratio = unknown (Enterprise Value 111.5m / Total Assets none)
Interest Expense / Debt = unknown (Interest Expense 0.0 / Debt none)
Taxrate = 21.0% (US default 21%)
NOPAT = 0.0 (EBIT 0.0 * (1 - 21.00%))
Current Ratio = unknown (Total Current Assets none / Total Current Liabilities none)
Debt / Equity = unknown (Debt none)
Debt / EBITDA = unknown (Net Debt none / EBITDA 0.0)
Debt / FCF = unknown (Net Debt none / FCF TTM 0.0)
Total Stockholder Equity = 0.0 (from calculated bookValueOfEquity)
RoA = unknown (Net Income 0.0 / Total Assets none)
RoE = unknown (Net Income TTM 0.0 / Total Stockholder Equity 0.0)
RoCE = unknown (EBIT 0.0 / Capital Employed )
RoIC = unknown (NOPAT 0.0, Invested Capital 0.0, EBIT 0.0)
WACC = 15.62% (E(111.5m)/V(111.5m) * Re(15.62%) + (debt-free company))
Discount Rate = 15.62% (= CAPM, Blume Beta Adj.)
Fair Price DCF = unknown (Cash Flow 0.0)