SOXL vs. FNGU - ETF Comparison
SOXL - Direxion Daily Semiconductor Bull 3x Shares
The Direxion Daily Semiconductor Bull 3x Shares ETF provides investors with 3x daily long leverage to the ICE Semiconductor Index, making it a suitable option for those with a bullish short-term outlook for semiconductor equities in developed markets. Please note that the fund's leverage resets daily, resulting in compounding of returns when held for multiple periods.
FNGU - MicroSectors FANG+™ Index 3X Leveraged ETN
The MicroSectors FANG+ Index 3X Leveraged ETN is an exchange-traded note that aims to triple the daily return of an index of FANG stocks, including Facebook, Amazon, Apple, Netflix, and Google-parent Alphabet Inc., as well as five other technology growth stocks. The fund offers highly concentrated exposure to these companies and is intended for short-term trading by sophisticated investors.
| SOXL | FNGU | |
|---|---|---|
| Fund Name | Direxion Daily Semiconductor Bull 3x Shares | MicroSectors FANG+™ Index 3X Leveraged ETN |
| Fund Provider | Rafferty Asset Management | BMO Financial Group |
| Index | ICE Semiconductor Index (300%) | NYSE FANG+ Index (+300%) |
| Asset Class | Equity | Equity |
| Listing | US-listed | US-listed |
| Expense Ratio | 0.76% | 0.95% |
| Inception Date | 2010-03-11 | 2018-01-22 |
| Number Of Holdings | 31 | 10 |
| Region | Developed Markets | United States |
| Investment Style | Growth | Blend |
| Market Cap | Large-Cap | Large-Cap |
| Sector | Technology | Technology |
| Sector Detail | Semiconductors | Technology - Broad |
| Leveraged | Leveraged | Leveraged |
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Key Metrics
Performance Metrics
Risk Metrics
Detailed Returns
Benchmark Comparison
Key Metrics
Performance Metrics
Risk Metrics
Detailed Returns
Benchmark Comparison
Performance Analysis
The performance analysis examines historical data to assess the returns of the investment strategy, including key metrics such as Cumulative returns, End of Year (EoY) returns, and risk-adjusted returns like the Sharpe ratio or the Sortino ratio.
Cumulative Returns
End of Year Returns Table
End of Year Returns
Risk Analysis
The risk analysis refers to an assessment of potential negative events that could lead to a loss of capital. Conducting a risk analysis can help in deciding whether an investment should be made. This is done using risk metrics such as drawdowns, volatility and beta which reflect stakeholders' confidence in the consistency of an investment strategy.
Drawdowns
Drawdowns Table
Monte Carlo Simulation
The Monte Carlo simulation is a statistical method used to forecast portfolio returns by generating a wide range of potential outcomes through random sampling from historical asset price data. It helps investors assess the potential risk and return of a portfolio under various market conditions. The simulation takes into account the initial investment and optionally simulates cash flow scenarios like fixed contributions, fixed withdrawals, or percentage withdrawals.
IMPORTANT: The forecast generated through Monte Carlo simulations is purely hypothetical and does not guarantee future returns. Investment decisions should be made with consideration of various factors, and past performance is not indicative of future results.