- ISIN
- US25459Y6941
- CUSIP
- 25459Y694
- Issuer
- Direxion
- Inception Date
- Nov 6, 2008
- Region
- North America (U.S.)
- Category
- Leveraged Equities
- Leveraged
- 3x
- Index Tracked
- Financial Select Sector Index
- Distribution Policy
- Distributing
- Asset Class
- Equity
- Asset Class Size
- Large-Cap
- Asset Class Style
- Blend
- Assets Under Management
- $2B
Highlights
- Avg. Volume (1M)
- 494K
- Avg. Volume Value (1M)
- $83.31M
Share Price Chart
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Performance
FAS Performance Chart
Direxion Daily Financial Bull 3X ETF (FAS) is up 4.3% since the beginning of the year. FAS is currently trading at $174 per share. Investors who bought $1,000 worth of FAS shares 5 years ago would now be looking at an investment worth $1,873.
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Compare this symbol against anything
Returns By Period
Direxion Daily Financial Bull 3X ETF (FAS) has returned 4.28% so far this year and 20.90% over the past 12 months. Looking at the last ten years, FAS has achieved an annualized return of 22.40%, outperforming the S&P 500 Index benchmark, which averaged 13.26% per year.
Direxion Daily Financial Bull 3X ETF
- 1D
- -0.26%
- 1M
- 6.21%
- 6M
- 13.95%
- YTD
- 4.28%
- 1Y
- 20.90%
- 3Y*
- 39.15%
- 5Y*
- 13.37%
- 10Y*
- 22.40%
- ALL TIME*
- 14.10%
Benchmark (S&P 500 Index)
- 1D
- 0.70%
- 1M
- 0.09%
- 6M
- 7.94%
- YTD
- 9.41%
- 1Y
- 20.07%
- 3Y*
- 17.84%
- 5Y*
- 11.25%
- 10Y*
- 13.26%
- ALL TIME*
- 8.09%
FAS Monthly Returns History
Based on dividend-adjusted daily data since Nov 19, 2008, FAS's average daily return is +0.16%, while the average monthly return is +2.66%. At this rate, an investment would double in approximately 2.2 years.
Historically, 58% of months were positive and 42% were negative. The best month was Nov 2020 with a return of +52.6%, while the worst month was Mar 2020 at -64.9%. The longest winning streak lasted 6 consecutive months, and the longest losing streak was 5 months.
On a daily basis, FAS closed higher 54% of trading days. The best single day was Mar 23, 2009 with a return of +41.3%, while the worst single day was Dec 1, 2008 at -43.0%.
| Jan | Feb | Mar | Apr | May | Jun | Jul | Aug | Sep | Oct | Nov | Dec | Total | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 2026 | -8.49% | -12.50% | -11.64% | 16.39% | -4.38% | 12.00% | 18.24% | 4.28% | |||||
| 2025 | 18.90% | 2.82% | -14.08% | -12.24% | 12.42% | 8.41% | -1.32% | 8.20% | -0.96% | -9.72% | 4.43% | 8.47% | 21.48% |
| 2024 | 7.68% | 11.28% | 13.69% | -13.17% | 8.13% | -3.88% | 18.64% | 11.89% | -2.95% | 6.56% | 31.59% | -16.94% | 84.47% |
| 2023 | 20.11% | -7.72% | -29.04% | 8.43% | -13.96% | 19.38% | 13.86% | -9.08% | -10.33% | -9.05% | 34.33% | 15.67% | 14.92% |
| 2022 | -2.15% | -5.65% | -2.59% | -29.23% | 8.38% | -29.89% | 21.30% | -7.53% | -23.17% | 36.01% | 19.63% | -16.22% | -43.19% |
| 2021 | -6.23% | 36.50% | 16.94% | 19.04% | 12.55% | -10.10% | -2.12% | 16.14% | -6.83% | 25.18% | -15.91% | 7.77% | 116.59% |
Benchmark Metrics
Direxion Daily Financial Bull 3X ETF has an annualized alpha of -7.24%, beta of 3.47, and R2 of 0.75 versus S&P 500 Index. Calculated based on daily prices since November 19, 2008.
- This ETF captured 401.14% of S&P 500 Index gains and 234.95% of its losses - amplifying both gains and losses, but participating more in upside than downside.
- This ETF had an annualized alpha of -7.24% versus S&P 500 Index - delivering less than market exposure alone would predict.
- Beta of 3.47 means this ETF moves significantly more than S&P 500 Index - expect amplified gains in rallies and amplified losses in downturns.
- Alpha
- -7.24%
- Beta
- 3.47
- R²
- 0.75
- Upside Capture
- 401.14%
- Downside Capture
- 234.95%
Expense Ratio
FAS has an expense ratio of 0.88%, placing it in the medium range.
Return for Risk
Risk / Return Rank
FAS ranks 19 for risk / return — above 19% of ETFs peers on PortfoliosLab. Its historical combined result is below most peers; review the five component ranks for context.
Risk / Return Metrics
The table below present risk-adjusted performance metrics for Direxion Daily Financial Bull 3X ETF (FAS) and compare them to S&P 500 Index.
Values are calculated on a 1-year rolling basis and updated daily. Risk-adjusted metrics are more stable over longer periods — use the period switch above to explore them.
| FAS | Benchmark | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -1.09 | ||
| Sortino ratioReturn per unit of downside risk | -1.25 | ||
| Omega ratioGain probability vs. loss probability | 1.09 | 1.25 | -0.16 |
| Calmar ratioReturn relative to maximum drawdown | 0.35 | 2.00 | -1.65 |
| Martin ratioReturn relative to average drawdown | 0.78 | 8.49 | -7.71 |
Dividends
Dividend History
Direxion Daily Financial Bull 3X ETF provided a 8.05% dividend yield over the last twelve months, with an annual payout of $14.00 per share.
| Period | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 |
|---|---|---|---|---|---|---|---|---|---|---|
| Dividend | $14.00 | $13.82 | $1.14 | $1.46 | $0.67 | $0.78 | $0.29 | $0.58 | $0.64 | $0.08 |
Dividend yield | 8.05% | 8.21% | 0.76% | 1.77% | 0.91% | 0.60% | 0.47% | 0.62% | 1.43% | 0.11% |
Monthly Dividends
The table displays the monthly dividend distributions for Direxion Daily Financial Bull 3X ETF. The dividends shown in the table have been adjusted to account for any splits that may have occurred.
| Jan | Feb | Mar | Apr | May | Jun | Jul | Aug | Sep | Oct | Nov | Dec | Total | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 2026 | $0.00 | $0.00 | $0.60 | $0.00 | $0.00 | $0.53 | $0.00 | $1.13 | |||||
| 2025 | $0.00 | $0.00 | $0.46 | $0.00 | $0.00 | $0.50 | $0.00 | $0.00 | $0.39 | $0.00 | $0.00 | $12.48 | $13.82 |
| 2024 | $0.00 | $0.00 | $0.36 | $0.00 | $0.00 | $0.27 | $0.00 | $0.00 | $0.32 | $0.00 | $0.00 | $0.19 | $1.14 |
| 2023 | $0.00 | $0.00 | $0.17 | $0.00 | $0.00 | $0.62 | $0.00 | $0.00 | $0.29 | $0.00 | $0.00 | $0.38 | $1.46 |
| 2022 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.12 | $0.00 | $0.00 | $0.22 | $0.00 | $0.00 | $0.33 | $0.67 |
| 2021 | $0.00 | $0.00 | $0.13 | $0.00 | $0.00 | $0.14 | $0.00 | $0.00 | $0.15 | $0.00 | $0.00 | $0.36 | $0.78 |
Drawdowns
Drawdowns Chart
The Drawdowns chart displays portfolio losses from any high point along the way. Drawdowns are calculated considering price movements and all distributions paid, if any.
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Worst Drawdowns
The table below displays the maximum drawdowns of the Direxion Daily Financial Bull 3X ETF. A maximum drawdown is a measure of risk, indicating the largest reduction in portfolio value due to a series of losing trades.
The maximum drawdown for the Direxion Daily Financial Bull 3X ETF was 91.61%, occurring on Mar 6, 2009. Recovery took 1208 trading sessions.
The current Direxion Daily Financial Bull 3X ETF drawdown is 4.32%.
Drawdown | Fall | Recovery | Underwater | Related event |
|---|---|---|---|---|
-91.61%Mar 2009 | 2mo 27d | 4y 9mo | 5y 12dDec 2008 - Dec 2013 | Financial crisis2007–2009 |
-85.99%Mar 2020 | 1mo 4d | 1y 1mo | 1y 2moFeb 2020 - Apr 2021 | COVID crash2020 |
-66.88%Oct 2023 | 1y 9mo | 11mo 25d | 2y 9moJan 2022 - Oct 2024 | — |
-53.73%Dec 2018 | 10mo 29d | 7mo 2d | 1y 5moJan 2018 - Jul 2019 | Rate-hike selloffLate 2018 |
-53.35%Feb 2016 | 6mo 23d | 9mo 7d | 1y 3moJul 2015 - Nov 2016 | — |
Drawdown Indicators
| FAS | Benchmark | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -91.61% | -56.78% | -34.83% |
Max Drawdown (1Y)Largest decline over 1 year | -40.88% | -9.10% | -31.78% |
Max Drawdown (3Y)Largest decline over 3 years | -43.10% | -18.90% | -24.20% |
Max Drawdown (5Y)Largest decline over 5 years | -66.88% | -25.43% | -41.45% |
Max Drawdown (10Y)Largest decline over 10 years | -85.99% | -33.92% | -52.07% |
Current DrawdownCurrent decline from peak | -4.32% | -1.58% | -2.74% |
Average DrawdownAverage peak-to-trough decline | -30.97% | -10.70% | -20.27% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 18.40% | 2.14% | +16.26% |
Volatility
Volatility Chart
The chart below shows the rolling one-month volatility.
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