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FAZ vs FAS

Direxion Daily Financial Bear 3X Shares vs Direxion Daily Financial Bull 3X Shares

FAZ

Direxion Daily Financial Bear 3X Shares

Direxion Funds

Annual cost

1.03%

Fund size

$120M

FAS

Direxion Daily Financial Bull 3X Shares

Direxion Funds

Annual cost

0.88%

Fund size

$2.1B

Key differences

  • FAS costs 0.15% less per year.
  • FAS is significantly larger than FAZ — larger funds tend to be more liquid and less likely to close.
  • FAZ follows a inverse strategy; FAS uses leveraged.
  • Over the last 3 years, FAS has delivered higher annualized returns.

Side-by-side comparison

FAZFAS
Annual cost (TER)1.03%0.88%
Fund size (AUM)$120M$2.1B
Since20082008
Dividend yield3.00%10.14%
Asset classequityequity
Regionnorth americanorth america
Strategyinverseleveraged
CAGR 1Y-9.8%-2.5%
CAGR 3Y-38.5%+37.8%
CAGR 5Y-27.5%+4.9%
Sharpe 3Y-0.840.84
Volatility 1Y43.24%42.90%
Max drawdown-99.78%-85.99%

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

Similar to FAZ and FAS