FNGG vs GDL

Comparison between DIREXION DAILY NYSE FANG+ BULL 2X SHARES (FNGG, ETF) and GDL Fund (GDL, ETF).

5-Year PerformanceGDL has outperformed FNGG, delivering a return of +4.5% compared to +0.7%

FNGG vs GDL - Performance Comparison

Log

Key Characteristics

Financial metrics and valuation ratios

Metric	FNGG(ETF)	GDL(ETF)
Net Assets	$117M	$117M
Max Drawdown	91.69%	71.51%
Sharpe Ratio	0.47	0.37
5Y Beta	2.79	0.10
5Y Dividends CAGR	N/A	-4.36%

Net Assets

FNGG

$117M

Winner

GDL

$117M

Max Drawdown

FNGG

91.69%

Winner

GDL

71.51%

Sharpe Ratio

Winner

FNGG

0.47

GDL

0.37

5Y Beta

FNGG

2.79

Winner

GDL

0.10

5Y Dividends CAGR

FNGG

N/A

GDL

-4.36%

FNGG vs GDL - Historical Returns

Returns include dividend reinvestment.

Period	FNGG	GDL
1 month	+1.48%	-0.44%
3 months	+9.05%	+0.63%
6 months	+14.54%	+2.67%
1 year	+15.86%	+6.24%
5 years(CAGR)	+0.67%	+4.50%
10 years(CAGR)	N/A	+3.88%
Max(CAGR)	+0.67%	+3.28%

Winner

FNGG

+1.48%

GDL

-0.44%

Winner

FNGG

+9.05%

GDL

+0.63%

Winner

FNGG

+14.54%

GDL

+2.67%

Winner

FNGG

+15.86%

GDL

+6.24%

5Y(CAGR)

FNGG

+0.67%

Winner

GDL

+4.50%

10Y(CAGR)

FNGG

N/A

GDL

+3.88%

Max(CAGR)

FNGG

+0.67%

Winner

GDL

+3.28%

FNGG vs GDL - Annual Returns (2007 - 2026)

Returns include dividend reinvestment.

Year	FNGG	GDL
2026	+11.19%	+3.35%
2025	+25.92%	+11.53%
2024	+109.39%	+6.46%
2023	+214.56%	+8.16%
2022	-87.38%	-6.27%
2021	-2.82%	+8.15%
2020	N/A	-0.36%
2019	N/A	+6.91%
2018	N/A	-2.79%
2017	N/A	+4.29%
2016	N/A	+5.32%
2015	N/A	+4.44%
2014	N/A	+0.89%
2013	N/A	+6.69%
2012	N/A	+6.56%
2011	N/A	+5.01%
2010	N/A	+1.10%
2009	N/A	+17.35%
2008	N/A	-9.24%
2007	N/A	-13.32%

FNGG vs GDL Drawdown Comparison

The maximum drawdown for FNGG was -91.31%, occurring on Jan 5, 2023. This drawdown has not yet recovered.

The maximum drawdown for GDL was -38.67%, occurring on Mar 18, 2020. Recovery took 261 trading sessions.

The current FNGG drawdown is -20.26%. The current GDL drawdown is -0.91%.

Rank	FNGG	GDL
#1	-91.31% Nov 16, 2021 - Jan 5, 2023	-38.67% Jan 15, 2020 - Jan 28, 2021
#2	-5.74% Oct 1, 2021 - Oct 7, 2021	-36.33% Jun 4, 2007 - Mar 17, 2011
#3	-5.42% Nov 9, 2021 - Nov 12, 2021	-14.35% Jun 28, 2011 - Sep 12, 2012
#4	-4.65% Oct 21, 2021 - Nov 1, 2021	-13.30% Oct 12, 2017 - Jan 8, 2020
#5	-3.01% Oct 7, 2021 - Oct 13, 2021	-9.51% Dec 17, 2021 - Dec 14, 2023
#6	-2.41% Nov 4, 2021 - Nov 9, 2021	-7.91% May 13, 2014 - May 13, 2015
#7	-1.20% Oct 19, 2021 - Oct 21, 2021	-7.01% Oct 5, 2012 - Jan 23, 2013
#8	-0.72% Nov 1, 2021 - Nov 3, 2021	-6.41% Jan 5, 2016 - Mar 21, 2016
#9	-0.66% Nov 12, 2021 - Nov 16, 2021	-6.00% Mar 25, 2025 - May 21, 2025
#10	N/A	-4.89% May 18, 2015 - Dec 22, 2015
#11	N/A	-4.17% May 20, 2013 - Sep 26, 2013
#12	N/A	-3.54% Mar 26, 2013 - May 16, 2013
#13	N/A	-3.34% Dec 26, 2023 - Mar 21, 2024
#14	N/A	-3.22% Sep 30, 2016 - Dec 20, 2016
#15	N/A	-3.22% Feb 2, 2026 - May 14, 2026

Correlation

Correlation between FNGG and GDL is 0.79 which considered as a strong positive correlation - the stocks tend to move together.

0.79

-101

Dividend Comparison (2007 - 2026)

FNGG vs GDL dividend yield comparison.

Year	FNGG	GDL
2026	0.53%	2.85%
2025	11.89%	5.67%
2024	0.79%	5.99%
2023	0.88%	5.97%
2022	0.00%	6.12%
2021	4.99%	5.38%
2020	0.00%	5.28%
2019	0.00%	4.30%
2018	0.00%	4.36%
2017	0.00%	5.96%
2016	0.00%	6.50%
2015	0.00%	6.39%
2014	0.00%	7.82%
2013	0.00%	11.62%
2012	0.00%	11.21%
2011	0.00%	19.85%
2010	0.00%	9.57%
2009	0.00%	8.88%
2008	0.00%	12.18%
2007	0.00%	7.50%