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FAS vs LABD

Direxion Daily Financial Bull 3X Shares vs Direxion Daily S&P Biotech Bear 3X Shares

FAS

Direxion Daily Financial Bull 3X Shares

Direxion Funds

Annual cost

0.88%

Fund size

$2.1B

LABD

Direxion Daily S&P Biotech Bear 3X Shares

Direxion Funds

Annual cost

1.07%

Fund size

$69M

Key differences

  • FAS costs 0.19% less per year.
  • FAS is significantly larger than LABD — larger funds tend to be more liquid and less likely to close.
  • FAS follows a leveraged strategy; LABD 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

FASLABD
Annual cost (TER)0.88%1.07%
Fund size (AUM)$2.1B$69M
Since20082015
Dividend yield10.14%6.38%
Asset classequityequity
Regionnorth americanorth america
Strategyleveragedinverse
CAGR 1Y-2.5%-82.9%
CAGR 3Y+37.8%-50.8%
CAGR 5Y+4.9%-42.0%
Sharpe 3Y0.84-0.52
Volatility 1Y42.90%74.72%
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 LABD