MicroSectors FANG+ ETN (FNGS) Performance
FNGS total return
Distributions reinvested · as of Oct 23, 2026- YTD
- +15.0% since Dec 31, 2025
- 1 year
- +11.3% total return
- 5 years
- +18.8% a year
- Since first price
- +30.5% a year since 2019
FNGS trailing returns vs SPY, QQQ, AGG
| Period | FNGS total return | Price only | S&P 500 (SPY) | Nasdaq-100 (QQQ) | U.S. bonds (AGG) |
|---|---|---|---|---|---|
| 1 month | −6.3% | −6.3% | −1.0% | −5.0% | +0.9% |
| 3 months | +7.5% | +7.5% | +3.2% | +1.9% | −0.4% |
| 6 months | +13.7% | +13.7% | +7.8% | +8.4% | −1.5% |
| YTD | +15.0% | +15.0% | +12.3% | +15.1% | −1.0% |
| 1 year | +11.3% | +11.3% | +14.4% | +15.9% | −1.1% |
| 3 years | +143.1%+34.5%/yr | +143.1% | +87.4%+23.3%/yr | +101.4%+26.3%/yr | +16.6%+5.2%/yr |
| 5 years | +136.6%+18.8%/yr | +136.6% | +79.3%+12.4%/yr | +94.0%+14.2%/yr | −0.8%−0.2%/yr |
| Since inceptionNov 13, 2019 | +533.3%+30.5%/yr | +533.3% | — | — | — |
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: FNGS vs SPY
From Nov 13, 2019: FNGS grew to $63,326, SPY to $27,173.
Year-end values with distributions reinvested, no taxes or trading costs. Start: first common trading day of both funds.
FNGS returns by calendar year
5 of 6 full years positive. Best 2020 (+102.0%), worst 2022 (−40.3%). 2026 is year to date.
FNGS annual returns table
| Year | FNGS | Largest drop | SPY | QQQ | AGG |
|---|---|---|---|---|---|
| 2026YTD | +15.0% | −17.0% | +12.3% | +15.1% | −1.0% |
| 2025 | +18.6% | −26.8% | +17.7% | +20.8% | +7.2% |
| 2024 | +52.0% | −17.8% | +24.9% | +25.6% | +1.3% |
| 2023 | +95.2% | −14.2% | +26.2% | +54.9% | +5.7% |
| 2022 | −40.3% | −46.2% | −18.2% | −32.6% | −13.0% |
| 2021 | +17.0% | −16.4% | +28.7% | +27.4% | −1.8% |
| 2020 | +102.0% | −35.0% | +18.3% | +48.6% | +7.5% |
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.
FNGS largest drawdowns
Now 7.6% below the high| Peak | Decline | Bottom | Recovered | Fall | Underwater |
|---|---|---|---|---|---|
| Nov 4, 2021 | −49.0% | Nov 9, 2022 | Jul 17, 2023 | 1.0 years | 1.7 years |
| Feb 19, 2020 | −35.0% | Mar 18, 2020 | Jun 3, 2020 | 28 days | 3 months |
| Feb 14, 2025 | −26.8% | Apr 4, 2025 | Jun 6, 2025 | 49 days | 4 months |
| Oct 29, 2025 | −22.9% | Mar 30, 2026 | May 8, 2026 | 5 months | 6 months |
| Jul 10, 2024 | −17.8% | Aug 5, 2024 | Nov 7, 2024 | 26 days | 4 months |
| Feb 16, 2021 | −16.4% | Mar 8, 2021 | Aug 31, 2021 | 20 days | 6 months |
Declines from a closing high (distributions reinvested) of 10% or more. Underwater = time from the peak until the old high was regained.
FNGS risk statistics
| Statistic | 3 years | 5 years | Since 2019 |
|---|---|---|---|
| Annualized return | +37.2% | +22.0% | +31.5% |
| Volatility (annualized) | 22.5% | 27.2% | 27.5% |
| Sharpe ratio | 1.34 | 0.74 | 1.04 |
| Sortino ratio | 2.81 | 1.29 | 1.99 |
| Best month | +17.3% | +18.9% | +21.7% |
| Worst month | −10.3% | −19.3% | −19.3% |
| Best 12 months | +59.4% | +95.2% | +115.4% |
| Worst 12 months | +11.4% | −43.2% | −43.2% |
| Positive months | 64% | 55% | 57% |
| Beta vs S&P 500 | 1.46 | 1.32 | — |
| Correlation with S&P 500 | 0.81 | 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.
FNGS rolling returns
| Holding period | Periods | Worst | Median | Best | Positive |
|---|---|---|---|---|---|
| 1-year | 72 | −43.2% | +33.7% | +115.4% | 82% |
| 3-year (a year) | 48 | +10.4% | +22.0% | +56.3% | 100% |
| 5-year (a year) | 24 | +15.9% | +22.8% | +33.4% | 100% |
Every holding period starting at a month-end since 2019. Returns for 3 years and longer are annualized.
FNGS performance overview
MicroSectors FANG+ ETN (FNGS) returned +11.3% over the past year and +18.8% a year over five years, with distributions reinvested. Since its first recorded price in 2019 it has returned +30.5% a year, turning $10,000 into about $63,326. Over the same year S&P 500 (SPY) returned +14.4%.
The deepest decline was −49.0%, from Nov 4, 2021 to Nov 9, 2022, and it took 8 months to get back to the old high. FNGS finished 5 of its 6 full calendar years with a gain; the best year was 2020 (+102.0%) and the worst 2022 (−40.3%). Volatility has been 27.5% a year.
Related: FNGS chart, FNGS holdings, FNGS valuation. See the FNGS overview for the latest quote and fund facts.
FNGS performance FAQ
What is the FNGS return over the past year?
FNGS returned +11.3% over the 12 months to October 23, 2026, including reinvested distributions. On price alone it rose 11.3%.
What is the average annual return of FNGS?
FNGS has returned +18.8% a year over 5 years, +30.5% a year since November 13, 2019 (total return, distributions reinvested).
How much would $10,000 invested in FNGS be worth?
$10,000 invested in FNGS at its first recorded close on November 13, 2019 would be worth about $63,326 on October 23, 2026 with distributions reinvested.
What was the worst year for FNGS?
The worst calendar year was 2022, with a total return of −40.3%. The best was 2020 at +102.0%.
What is the biggest drawdown of FNGS?
The largest peak-to-trough decline was −49.0% between November 4, 2021 and November 9, 2022. It recovered to the old high on July 17, 2023, 8 months after the bottom.
How volatile is FNGS?
Over the past 3 years FNGS had an annualized volatility of 22.5% and a Sharpe ratio of 1.34 (excess return over 1–3 month T-bills per unit of risk).