MicroSectors FANG+ Index 2X Leveraged ETN (FNGO) Performance
FNGO total return
Distributions reinvested · as of Oct 23, 2026- YTD
- +22.5% since Dec 31, 2025
- 1 year
- +12.4% total return
- 5 years
- +23.2% a year
- Since first price
- +37.7% a year since 2018
FNGO trailing returns vs SPY, QQQ, AGG
| Period | FNGO total return | Price only | S&P 500 (SPY) | Nasdaq-100 (QQQ) | U.S. bonds (AGG) |
|---|---|---|---|---|---|
| 1 month | −10.9% | −10.9% | −1.0% | −5.0% | +0.9% |
| 3 months | +13.2% | +13.2% | +3.2% | +1.9% | −0.4% |
| 6 months | +23.3% | +23.3% | +7.8% | +8.4% | −1.5% |
| YTD | +22.5% | +22.5% | +12.3% | +15.1% | −1.0% |
| 1 year | +12.4% | +12.4% | +14.4% | +15.9% | −1.1% |
| 3 years | +319.8%+61.3%/yr | +319.8% | +87.4%+23.3%/yr | +101.4%+26.3%/yr | +16.6%+5.2%/yr |
| 5 years | +184.3%+23.2%/yr | +184.3% | +79.3%+12.4%/yr | +94.0%+14.2%/yr | −0.8%−0.2%/yr |
| Since inceptionAug 2, 2018 | +1,290.1%+37.7%/yr | +1,290.1% | — | — | — |
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: FNGO vs SPY
From Aug 2, 2018: FNGO grew to $139,009, SPY to $30,472.
Year-end values with distributions reinvested, no taxes or trading costs. Start: first common trading day of both funds.
FNGO returns by calendar year
6 of 7 full years positive. Best 2023 (+240.1%), worst 2022 (−71.6%). 2026 is year to date.
FNGO annual returns table
| Year | FNGO | Largest drop | SPY | QQQ | AGG |
|---|---|---|---|---|---|
| 2026YTD | +22.5% | −32.0% | +12.3% | +15.1% | −1.0% |
| 2025 | +25.5% | −47.6% | +17.7% | +20.8% | +7.2% |
| 2024 | +101.7% | −33.5% | +24.9% | +25.6% | +1.3% |
| 2023 | +240.1% | −29.5% | +26.2% | +54.9% | +5.7% |
| 2022 | −71.6% | −75.7% | −18.2% | −32.6% | −13.0% |
| 2021 | +28.4% | −31.1% | +28.7% | +27.4% | −1.8% |
| 2020 | +238.0% | −60.3% | +18.3% | +48.6% | +7.5% |
| 2019 | +79.6% | −37.0% | +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.
FNGO largest drawdowns
Now 14.3% below the high| Peak | Decline | Bottom | Recovered | Fall | Underwater |
|---|---|---|---|---|---|
| Nov 4, 2021 | −78.4% | Nov 9, 2022 | Feb 7, 2024 | 1.0 years | 2.3 years |
| Feb 19, 2020 | −60.3% | Mar 18, 2020 | Jun 10, 2020 | 28 days | 4 months |
| Aug 7, 2018 | −51.0% | Dec 24, 2018 | Dec 23, 2019 | 5 months | 1.4 years |
| Feb 14, 2025 | −47.6% | Apr 4, 2025 | Jun 26, 2025 | 49 days | 4 months |
| Oct 29, 2025 | −42.7% | Mar 30, 2026 | May 26, 2026 | 5 months | 7 months |
| Jul 10, 2024 | −33.5% | Aug 5, 2024 | Dec 3, 2024 | 26 days | 5 months |
Declines from a closing high (distributions reinvested) of 10% or more. Underwater = time from the peak until the old high was regained.
FNGO risk statistics
| Statistic | 3 years | 5 years | Since 2018 |
|---|---|---|---|
| Annualized return | +67.4% | +29.6% | +40.4% |
| Volatility (annualized) | 45.7% | 55.1% | 56.0% |
| Sharpe ratio | 1.27 | 0.68 | 0.84 |
| Sortino ratio | 2.69 | 1.20 | 1.52 |
| Best month | +36.0% | +40.5% | +46.7% |
| Worst month | −21.0% | −35.6% | −35.6% |
| Best 12 months | +126.3% | +240.1% | +319.8% |
| Worst 12 months | +11.0% | −73.5% | −73.5% |
| Positive months | 67% | 57% | 58% |
| Beta vs S&P 500 | 3.01 | 2.67 | — |
| Correlation with S&P 500 | 0.82 | 0.76 | — |
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.
FNGO rolling returns
| Holding period | Periods | Worst | Median | Best | Positive |
|---|---|---|---|---|---|
| 1-year | 87 | −73.5% | +60.6% | +319.8% | 82% |
| 3-year (a year) | 63 | +6.3% | +37.1% | +114.3% | 100% |
| 5-year (a year) | 39 | +17.8% | +40.4% | +57.4% | 100% |
Every holding period starting at a month-end since 2018. Returns for 3 years and longer are annualized.
FNGO performance overview
MicroSectors FANG+ Index 2X Leveraged ETN (FNGO) returned +12.4% over the past year and +23.2% a year over five years, with distributions reinvested. Since its first recorded price in 2018 it has returned +37.7% a year, turning $10,000 into about $139,009. Over the same year S&P 500 (SPY) returned +14.4%.
The deepest decline was −78.4%, from Nov 4, 2021 to Nov 9, 2022, and it took 1.2 years to get back to the old high. FNGO finished 6 of its 7 full calendar years with a gain; the best year was 2023 (+240.1%) and the worst 2022 (−71.6%). Volatility has been 56.0% a year.
Related: FNGO chart, FNGO holdings, FNGO valuation. See the FNGO overview for the latest quote and fund facts.
FNGO performance FAQ
What is the FNGO return over the past year?
FNGO returned +12.4% over the 12 months to October 23, 2026, including reinvested distributions. On price alone it rose 12.4%.
What is the average annual return of FNGO?
FNGO has returned +23.2% a year over 5 years, +37.7% a year since August 2, 2018 (total return, distributions reinvested).
How much would $10,000 invested in FNGO be worth?
$10,000 invested in FNGO at its first recorded close on August 2, 2018 would be worth about $139,009 on October 23, 2026 with distributions reinvested.
What was the worst year for FNGO?
The worst calendar year was 2022, with a total return of −71.6%. The best was 2023 at +240.1%.
What is the biggest drawdown of FNGO?
The largest peak-to-trough decline was −78.4% between November 4, 2021 and November 9, 2022. It recovered to the old high on February 7, 2024, 1.2 years after the bottom.
How volatile is FNGO?
Over the past 3 years FNGO had an annualized volatility of 45.7% and a Sharpe ratio of 1.27 (excess return over 1–3 month T-bills per unit of risk).