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FAS vs HIBS

Direxion Daily Financial Bull 3X Shares vs Direxion Daily S&P 500 High Beta Bear 3X Shares

FAS

Direxion Daily Financial Bull 3X Shares

Direxion Funds

Annual cost

0.88%

Fund size

$2.1B

HIBS

Direxion Daily S&P 500 High Beta Bear 3X Shares

Direxion Funds

Annual cost

1.06%

Fund size

$19M

Key differences

  • FAS costs 0.18% less per year.
  • FAS is significantly larger than HIBS — larger funds tend to be more liquid and less likely to close.
  • FAS follows a leveraged strategy; HIBS uses inverse.
  • Over the last 3 years, FAS has delivered higher annualized returns.
  • FAS has a longer track record, which may reduce uncertainty around long-term behavior.

Side-by-side comparison

FASHIBS
Annual cost (TER)0.88%1.06%
Fund size (AUM)$2.1B$19M
Since20082019
Dividend yield10.14%7.92%
Asset classequityequity
Regionnorth americanorth america
Strategyleveragedinverse
CAGR 1Y-2.5%-80.6%
CAGR 3Y+37.8%-62.8%
CAGR 5Y+4.9%-52.3%
Sharpe 3Y0.84-0.97
Volatility 1Y42.90%67.54%
Max drawdown-85.99%-99.98%

Green dot indicates the better value for that metric. Performance data is historical and does not predict future results.

Similar to FAS and HIBS