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SPXS vs FAZ

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

SPXS

Direxion Daily S&P 500 Bear 3X Shares

Direxion Funds

Annual cost

1.04%

Fund size

$388M

FAZ

Direxion Daily Financial Bear 3X Shares

Direxion Funds

Annual cost

1.03%

Fund size

$120M

Key differences

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

Side-by-side comparison

SPXSFAZ
Annual cost (TER)1.04%1.03%
Fund size (AUM)$388M$120M
Since20082008
Dividend yield4.29%3.00%
Asset classequityequity
Regionnorth americanorth america
Strategyleveragedinverse
CAGR 1Y-50.4%-9.8%
CAGR 3Y-43.7%-38.5%
CAGR 5Y-35.1%-27.5%
Sharpe 3Y-1.15-0.84
Volatility 1Y36.05%43.24%
Max drawdown-99.61%-99.78%

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

Similar to SPXS and FAZ