Direxion Daily Financial Bear 3X Shares (FAZ) belongs to the Leveraged Equities category. Below you'll find alternative ETFs from the same category, ranked by key criteria, plus funds that investors commonly compare with FAZ. Use the tables to find lower-cost options, better risk-adjusted returns, or a closer substitute for your current allocation.
Cheapest Alternatives to FAZ
FAZ charges 1.07% annually. There are 249 ETFs in the Leveraged Equities category with lower expense ratios, going as low as 0.35%.
| Symbol | Name | Expense Ratio | AUM | Inception | |
|---|---|---|---|---|---|
| WisdomTree Efficient U.S. Plus International Equit... | 0.35% | 28.74M | Mar 2026 | FAZ vs NTSD | |
| ETRACS IFED Invest with the Fed TR Index ETN | 0.45% | 48.98M | Sep 2021 | FAZ vs IFED | |
| Direxion Daily S&P 500 Bull 2x Shares | 0.64% | 241.41M | May 2014 | FAZ vs SPUU | |
| Leverage Shares 2X Long SBUX Daily ETF | 0.75% | 767.20K | Nov 2025 | FAZ vs SBU | |
| Leverage Shares 2X Long CRM Daily ETF | 0.75% | 28.03M | Apr 2025 | FAZ vs CRMG |
Best Risk-Adjusted Alternatives to FAZ
FAZ has a PortfoliosLab risk / return rank of 9. There are 150 ETFs in the Leveraged Equities category with higher risk-adjusted ranks, going as high as 99.
| Symbol | Name | Risk / Return Rank | AUM | Inception | |
|---|---|---|---|---|---|
| Direxion Daily MU Bull 2X Shares | 99 | 3.44B | Oct 2024 | FAZ vs MUU | |
| GraniteShares 2x Long MU Daily ETF | 99 | 1.11B | Nov 2024 | FAZ vs MULL | |
| Innovator Growth Accelerated Plus ETF - April | 98 | 19.26M | Apr 2021 | FAZ vs QTAP | |
| Innovator U.S. Equity Accelerated Plus ETF | 98 | 22.62M | Apr 2021 | FAZ vs XTAP | |
| Direxion Daily South Korea Bull 3X Shares | 97 | 1.73B | Apr 2013 | FAZ vs KORU |
Top Performing FAZ Alternatives (YTD)
FAZ is at 22.66% YTD. There are 114 ETFs in the Leveraged Equities category with higher YTD returns, going as high as 961.23%.
| Symbol | Name | YTD Return | AUM | Inception | |
|---|---|---|---|---|---|
| Direxion Daily MU Bull 2X Shares | 961.23% | 3.44B | Oct 2024 | FAZ vs MUU | |
| GraniteShares 2x Long MU Daily ETF | 936.86% | 1.11B | Nov 2024 | FAZ vs MULL | |
| Leverage Shares 2X Long ARM Daily ETF | 936.32% | 75.08M | Jan 2025 | FAZ vs ARMG | |
| GraniteShares 2x Long MRVL Daily ETF | 842.68% | 568.50M | Mar 2025 | FAZ vs MVLL | |
| GraniteShares 2x Long DELL Daily ETF | 757.76% | 101.08M | Feb 2025 | FAZ vs DLLL |
Lowest Volatility Alternatives to FAZ
FAZ has 43.09% 1-year volatility. There are 103 ETFs in the Leveraged Equities category with lower 1-year volatility, going as low as 4.70%.
| Symbol | Name | Volatility 1Y | AUM | Inception | |
|---|---|---|---|---|---|
| Innovator U.S. Equity Accelerated Plus ETF | 4.70% | 22.62M | Apr 2021 | FAZ vs XTAP | |
| Innovator Growth Accelerated Plus ETF - April | 5.56% | 19.26M | Apr 2021 | FAZ vs QTAP | |
| Innovator U.S. Equity Accelerated Plus ETF - July | 7.43% | 13.32M | Jul 2021 | FAZ vs XTJL | |
| Innovator Growth Accelerated Plus ETF - July | 10.01% | 22.12M | Jul 2021 | FAZ vs QTJL | |
| Innovator US Equity Accelerated ETF | 10.56% | 68.42M | Apr 2021 | FAZ vs XDSQ |
Lowest Drawdown Alternatives to FAZ
FAZ has a 1-year max drawdown of -30.20%. There are 63 ETFs in the Leveraged Equities category with shallower 1-year drawdowns, going as shallow as -1.42%.
| Symbol | Name | Max Drawdown 1Y | AUM | Inception | |
|---|---|---|---|---|---|
| Innovator U.S. Equity Accelerated Plus ETF | -1.42% | 22.62M | Apr 2021 | FAZ vs XTAP | |
| Innovator Growth Accelerated Plus ETF - April | -1.69% | 19.26M | Apr 2021 | FAZ vs QTAP | |
| Innovator U.S. Equity Accelerated Plus ETF - July | -5.12% | 13.32M | Jul 2021 | FAZ vs XTJL | |
| Innovator Growth Accelerated Plus ETF - July | -6.68% | 22.12M | Jul 2021 | FAZ vs QTJL | |
| Innovator US Equity Accelerated ETF | -9.60% | 68.42M | Apr 2021 | FAZ vs XDSQ |
Other ETFs from Direxion
The 10 most viewed Direxion ETFs shown here include SOXL, SPXL, TMF and span 6 categories. AUM among these funds goes as high as $23B.
| Symbol | Name | Category | Risk / Return Rank | YTD Return | AUM | Inception | |
|---|---|---|---|---|---|---|---|
| Direxion Daily Semiconductor Bull 3X ETF | Leveraged Equities, Semiconductors | 97 | 567.48% | 22.99B | Mar 2010 | FAZ vs SOXL | |
| Direxion Daily S&P 500 Bull 3X ETF | Leveraged Equities, S&P 500 | 63 | 28.14% | 6.39B | Nov 2008 | FAZ vs SPXL | |
| Direxion Daily 20-Year Treasury Bull 3X | Leveraged Bonds | 9 | -6.13% | 2.58B | Apr 2009 | FAZ vs TMF | |
| Direxion Daily Technology Bull 3X Shares | Leveraged Equities | 85 | 125.87% | 5.93B | Dec 2008 | FAZ vs TECL | |
| Direxion Daily TSLA Bull 1.5X Shares | Leveraged Equities | 12 | -20.85% | 5.42B | Jun 2022 | FAZ vs TSLL | |
| Direxion Daily Semiconductor Bear 3x Shares | Leveraged Equities | 1 | -92.10% | 2.01B | Mar 2010 | FAZ vs SOXS | |
| Direxion NASDAQ-100 Equal Weighted Index Shares | Nasdaq-100 | 58 | 19.12% | 1.27B | Mar 2012 | FAZ vs QQQE | |
| Direxion Daily NVDA Bull 2X Shares ETF | Leveraged Equities | 34 | 19.93% | 730.17M | Sep 2023 | FAZ vs NVDU | |
| Direxion Daily S&P 500 Bear 3X Shares | Inverse Equities, Leveraged Equities | 1 | -25.49% | 388.61M | Nov 2008 | FAZ vs SPXS | |
| Direxion Daily Gold Miners Bull 2X Shares | Leveraged Equities | 32 | -16.05% | 977.22M | Apr 2020 | FAZ vs NUGT |
Often Compared With FAZ
Investors most often compare FAZ with FAS, TZA, LABD. These 20 comparison targets span 10 categories, based on PortfoliosLab usage data.
Compare FAZ with Any Fund or Stock
Compare FAZ with any ETF, mutual fund, or stock using PortfoliosLab's comparison tool.
Pair FAZ with funds that move differently
Direxion Daily Financial Bear 3X Shares alternatives help with substitution. Diversifiers are the next step when you want funds with lower historical correlation to FAZ.
Explore FAZ Diversifiers