MicroSectors FANG+ Index -3X Inverse… (FNGD) Performance
FNGD total return
Distributions reinvested · as of Oct 23, 2026- YTD
- −46.6% since Dec 31, 2025
- 1 year
- −42.2% total return
- 5 years
- −62.9% a year
- Since first price
- −69.6% a year since 2018
FNGD trailing returns vs SPY, QQQ, AGG
| Period | FNGD total return | Price only | S&P 500 (SPY) | Nasdaq-100 (QQQ) | U.S. bonds (AGG) |
|---|---|---|---|---|---|
| 1 month | +15.9% | +15.9% | −1.0% | −5.0% | +0.9% |
| 3 months | −23.4% | −23.4% | +3.2% | +1.9% | −0.4% |
| 6 months | −40.3% | −40.3% | +7.8% | +8.4% | −1.5% |
| YTD | −46.6% | −46.6% | +12.3% | +15.1% | −1.0% |
| 1 year | −42.2% | −42.2% | +14.4% | +15.9% | −1.1% |
| 3 years | −97.1%−69.2%/yr | −97.1% | +87.4%+23.3%/yr | +101.4%+26.3%/yr | +16.6%+5.2%/yr |
| 5 years | −99.3%−62.9%/yr | −99.3% | +79.3%+12.4%/yr | +94.0%+14.2%/yr | −0.8%−0.2%/yr |
| Since inceptionJan 23, 2018 | −100.00%−69.6%/yr | −100.00% | — | — | — |
Total return from adjusted closes (distributions reinvested, before tax). Periods of 3 years or more are also shown annualized. Price only excludes distributions.
Growth of $10,000: FNGD vs SPY
From Jan 23, 2018: FNGD grew to $0, SPY to $30,634.
Year-end values with distributions reinvested, no taxes or trading costs. Start: first common trading day of both funds.
FNGD returns by calendar year
1 of 7 full years positive. Best 2022 (+52.2%), worst 2020 (−95.6%). 2026 is year to date.
FNGD annual returns table
| Year | FNGD | Largest drop | SPY | QQQ | AGG |
|---|---|---|---|---|---|
| 2026YTD | −46.6% | −73.5% | +12.3% | +15.1% | −1.0% |
| 2025 | −61.4% | −82.5% | +17.7% | +20.8% | +7.2% |
| 2024 | −76.6% | −82.0% | +24.9% | +25.6% | +1.3% |
| 2023 | −90.1% | −91.3% | +26.2% | +54.9% | +5.7% |
| 2022 | +52.2% | −58.7% | −18.2% | −32.6% | −13.0% |
| 2021 | −60.0% | −68.1% | +28.7% | +27.4% | −1.8% |
| 2020 | −95.6% | −96.4% | +18.3% | +48.6% | +7.5% |
| 2019 | −72.5% | −76.1% | +31.2% | +39.0% | +8.5% |
Largest drop = deepest fall from a high within that calendar year.
Calendar-year return vs largest drop within the year
Most years include a sizable fall at some point even when the year ends higher.
FNGD largest drawdowns
Now 100.00% below the high| Peak | Decline | Bottom | Recovered | Fall | Underwater |
|---|---|---|---|---|---|
| Dec 24, 2018 | −100.00% | Oct 7, 2026 | not yet | 7.8 years | 7.8 years so far |
| Feb 9, 2018 | −56.7% | Jun 20, 2018 | Dec 24, 2018 | 4 months | 10 months |
| Jan 24, 2018 | −10.1% | Jan 29, 2018 | Feb 5, 2018 | 5 days | 12 days |
Declines from a closing high (distributions reinvested) of 10% or more. Underwater = time from the peak until the old high was regained.
FNGD risk statistics
| Statistic | 3 years | 5 years | Since 2018 |
|---|---|---|---|
| Annualized return | −70.8% | −65.7% | −70.1% |
| Volatility (annualized) | 59.4% | 75.0% | 71.5% |
| Sharpe ratio | -1.73 | -1.03 | -1.27 |
| Sortino ratio | -1.73 | -1.22 | -1.43 |
| Best month | +31.9% | +68.8% | +68.8% |
| Worst month | −38.6% | −43.5% | −47.3% |
| Best 12 months | −42.5% | +95.3% | +95.3% |
| Worst 12 months | −79.9% | −90.1% | −96.1% |
| Positive months | 31% | 38% | 35% |
| Beta vs S&P 500 | -3.55 | -3.57 | — |
| Correlation with S&P 500 | -0.74 | -0.75 | — |
From monthly total returns. Sharpe and Sortino use 1–3 month T-bills (BIL) as the risk-free rate, so they need history from 2007 on.
FNGD rolling returns
| Holding period | Periods | Worst | Median | Best | Positive |
|---|---|---|---|---|---|
| 1-year | 94 | −96.1% | −71.1% | +95.3% | 7% |
| 3-year (a year) | 70 | −83.1% | −73.8% | −60.4% | 0% |
| 5-year (a year) | 46 | −77.9% | −71.9% | −60.2% | 0% |
Every holding period starting at a month-end since 2018. Returns for 3 years and longer are annualized.
FNGD performance overview
MicroSectors FANG+ Index -3X Inverse… (FNGD) returned −42.2% over the past year and −62.9% a year over five years, with distributions reinvested. Since its first recorded price in 2018 it has returned −69.6% a year, turning $10,000 into about $0. Over the same year S&P 500 (SPY) returned +14.4%.
The deepest decline was −100.00%, from Dec 24, 2018 to Oct 7, 2026; the fund has not yet regained that high. FNGD finished 1 of its 7 full calendar years with a gain; the best year was 2022 (+52.2%) and the worst 2020 (−95.6%). Volatility has been 71.5% a year.
Related: FNGD chart, FNGD holdings, FNGD valuation. See the FNGD overview for the latest quote and fund facts.
FNGD performance FAQ
What is the FNGD return over the past year?
FNGD returned −42.2% over the 12 months to October 23, 2026, including reinvested distributions. On price alone it fell 42.2%.
What is the average annual return of FNGD?
FNGD has returned −62.9% a year over 5 years, −69.6% a year since January 23, 2018 (total return, distributions reinvested).
How much would $10,000 invested in FNGD be worth?
$10,000 invested in FNGD at its first recorded close on January 23, 2018 would be worth about $0 on October 23, 2026 with distributions reinvested.
What was the worst year for FNGD?
The worst calendar year was 2020, with a total return of −95.6%. The best was 2022 at +52.2%.
What is the biggest drawdown of FNGD?
The largest peak-to-trough decline was −100.00% between December 24, 2018 and October 7, 2026. It has not yet recovered to that high; it is 100.00% below its peak.
How volatile is FNGD?
Over the past 3 years FNGD had an annualized volatility of 59.4% and a Sharpe ratio of -1.73 (excess return over 1–3 month T-bills per unit of risk).