MicroSectors FANG+ 3X Leveraged (FNGU) Performance
FNGU total return
Distributions reinvested · as of Oct 23, 2026- YTD
- +15.3% since Dec 31, 2025
- 1 year
- −0.9% total return
- Since first price
- +20.2% since 2025
FNGU trailing returns vs SPY, QQQ, AGG
| Period | FNGU total return | Price only | S&P 500 (SPY) | Nasdaq-100 (QQQ) | U.S. bonds (AGG) |
|---|---|---|---|---|---|
| 1 month | −17.3% | −17.3% | −1.0% | −5.0% | +0.9% |
| 3 months | +14.4% | +14.4% | +3.2% | +1.9% | −0.4% |
| 6 months | +23.7% | +23.7% | +7.8% | +8.4% | −1.5% |
| YTD | +15.3% | +15.3% | +12.3% | +15.1% | −1.0% |
| 1 year | −0.9% | −0.9% | +14.4% | +15.9% | −1.1% |
| Since inceptionFeb 20, 2025 | +20.2% | +20.2% | — | — | — |
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: FNGU vs SPY
From Feb 20, 2025: FNGU grew to $12,017, SPY to $12,695.
Year-end values with distributions reinvested, no taxes or trading costs. Start: first common trading day of both funds.
FNGU returns by calendar year
2026 is year to date.
FNGU annual returns table
| Year | FNGU | Largest drop | SPY | QQQ | AGG |
|---|---|---|---|---|---|
| 2026YTD | +15.3% | −45.9% | +12.3% | +15.1% | −1.0% |
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.
FNGU largest drawdowns
Now 21.7% below the high| Peak | Decline | Bottom | Recovered | Fall | Underwater |
|---|---|---|---|---|---|
| Feb 20, 2025 | −60.8% | Apr 8, 2025 | Jun 27, 2025 | 47 days | 4 months |
| Oct 29, 2025 | −59.5% | Mar 30, 2026 | May 29, 2026 | 5 months | 7 months |
| Jun 1, 2026 | −35.2% | Jul 29, 2026 | Oct 6, 2026 | 58 days | 4 months |
| Oct 7, 2026 | −21.7% | Oct 23, 2026 | not yet | 16 days | 16 days so far |
| Sep 19, 2025 | −11.4% | Oct 10, 2025 | Oct 27, 2025 | 21 days | 38 days |
Declines from a closing high (distributions reinvested) of 10% or more. Underwater = time from the peak until the old high was regained.
FNGU risk statistics
| Statistic | Since 2025 |
|---|---|
| Annualized return | +43.7% |
| Volatility (annualized) | 81.8% |
| Sharpe ratio | 0.76 |
| Sortino ratio | 1.50 |
| Best month | +56.1% |
| Worst month | −31.6% |
| Best 12 months | +75.7% |
| Worst 12 months | −5.5% |
| Positive months | 58% |
| Beta vs S&P 500 | — |
| Correlation with S&P 500 | — |
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.
FNGU rolling returns
| Holding period | Periods | Worst | Median | Best | Positive |
|---|---|---|---|---|---|
| 1-year | 9 | −10.5% | +17.4% | +75.7% | 78% |
Every holding period starting at a month-end since 2025. Returns for 3 years and longer are annualized.
FNGU performance overview
MicroSectors FANG+ 3X Leveraged (FNGU) returned −0.9% over the past year, with distributions reinvested. Since its first recorded price on Feb 20, 2025 it has returned +20.2%. Over the same year S&P 500 (SPY) returned +14.4%.
The deepest decline was −60.8%, from Feb 20, 2025 to Apr 8, 2025, and it took 3 months to get back to the old high. Volatility has been 81.8% a year.
Related: FNGU chart, FNGU holdings, FNGU valuation. See the FNGU overview for the latest quote and fund facts.
FNGU performance FAQ
What is the FNGU return over the past year?
FNGU returned −0.9% over the 12 months to October 23, 2026, including reinvested distributions. On price alone it fell 0.9%.
How much would $10,000 invested in FNGU be worth?
$10,000 invested in FNGU at its first recorded close on February 20, 2025 would be worth about $12,017 on October 23, 2026 with distributions reinvested.
What is the biggest drawdown of FNGU?
The largest peak-to-trough decline was −60.8% between February 20, 2025 and April 8, 2025. It recovered to the old high on June 27, 2025, 3 months after the bottom.
How volatile is FNGU?
Over the past history FNGU had an annualized volatility of 81.8% and a Sharpe ratio of 0.76 (excess return over 1–3 month T-bills per unit of risk).