DPST vs. FAS
Compare and contrast key facts about Direxion Daily Regional Banks Bull 3X Shares (DPST) and Direxion Daily Financial Bull 3X Shares (FAS).
DPST and FAS are both exchange-traded funds (ETFs), meaning they are traded on stock exchanges and can be bought and sold throughout the day. DPST is a passively managed fund by Direxion that tracks the performance of the Solactive US Regional Banks Total Return Index (300%). It was launched on Aug 19, 2015. FAS is a passively managed fund by Direxion that tracks the performance of the Russell 1000 Financial Services Index (300%). It was launched on Nov 6, 2008. Both DPST and FAS are passive ETFs, meaning that they are not actively managed but aim to replicate the performance of the underlying index as closely as possible.
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: DPST or FAS.
Performance
DPST vs. FAS - Performance Comparison
Returns By Period
In the year-to-date period, DPST achieves a 46.49% return, which is significantly lower than FAS's 100.19% return.
DPST
46.49%
33.64%
88.54%
139.64%
-30.36%
N/A
FAS
100.19%
12.84%
52.07%
145.92%
15.05%
19.56%
Key characteristics
| DPST | FAS | |
|---|---|---|
| Sharpe Ratio | 1.37 | 3.58 |
| Sortino Ratio | 2.25 | 3.97 |
| Omega Ratio | 1.27 | 1.51 |
| Calmar Ratio | 1.29 | 2.67 |
| Martin Ratio | 5.05 | 23.77 |
| Ulcer Index | 24.65% | 6.13% |
| Daily Std Dev | 91.08% | 40.66% |
| Max Drawdown | -97.73% | -94.81% |
| Current Drawdown | -91.74% | -2.88% |
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DPST vs. FAS - Expense Ratio Comparison
DPST has a 0.99% expense ratio, which is lower than FAS's 1.00% expense ratio.
Correlation
The correlation between DPST and FAS is 0.79, which is considered to be high. That indicates a strong positive relationship between their price movements. Having highly-correlated positions in a portfolio may signal a lack of diversification, potentially leading to increased risk during market downturns.
Risk-Adjusted Performance
DPST vs. FAS - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for Direxion Daily Regional Banks Bull 3X Shares (DPST) and Direxion Daily Financial Bull 3X Shares (FAS). Risk-adjusted metrics are performance indicators that assess an investment's returns in relation to its risk, enabling a more accurate comparison of different investment options.
Dividends
DPST vs. FAS - Dividend Comparison
DPST's dividend yield for the trailing twelve months is around 1.39%, more than FAS's 0.81% yield.
| TTM | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|
DPST Direxion Daily Regional Banks Bull 3X Shares | 1.39% | 1.78% | 1.51% | 0.59% | 0.90% | 1.29% | 2.18% | 0.30% |
FAS Direxion Daily Financial Bull 3X Shares | 0.81% | 1.77% | 0.91% | 0.60% | 0.47% | 0.62% | 1.43% | 0.11% |
Drawdowns
DPST vs. FAS - Drawdown Comparison
The maximum DPST drawdown since its inception was -97.73%, roughly equal to the maximum FAS drawdown of -94.81%. Use the drawdown chart below to compare losses from any high point for DPST and FAS. For additional features, visit the drawdowns tool.
Volatility
DPST vs. FAS - Volatility Comparison
Direxion Daily Regional Banks Bull 3X Shares (DPST) has a higher volatility of 39.78% compared to Direxion Daily Financial Bull 3X Shares (FAS) at 20.15%. This indicates that DPST's price experiences larger fluctuations and is considered to be riskier than FAS based on this measure. The chart below showcases a comparison of their rolling one-month volatility.