FAS vs. GDXU
Compare and contrast key facts about Direxion Daily Financial Bull 3X Shares (FAS) and MicroSectors Gold Miners 3X Leveraged ETN (GDXU).
FAS and GDXU are both exchange-traded funds (ETFs), meaning they are traded on stock exchanges and can be bought and sold throughout the day. 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. GDXU is a passively managed fund by BMO Financial Group that tracks the performance of the S-Network MicroSectors Gold Miners Index. It was launched on Dec 2, 2020. Both FAS and GDXU 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: FAS or GDXU.
Correlation
The correlation between FAS and GDXU is 0.31, which is considered to be low. This implies their price changes are not closely related. A low correlation is generally favorable for portfolio diversification, as it helps to reduce overall risk by spreading it across multiple assets with different performance patterns.
Performance
FAS vs. GDXU - Performance Comparison
Key characteristics
FAS:
0.50
GDXU:
0.87
FAS:
1.05
GDXU:
1.66
FAS:
1.15
GDXU:
1.21
FAS:
0.69
GDXU:
0.98
FAS:
2.43
GDXU:
3.21
FAS:
12.33%
GDXU:
27.91%
FAS:
59.99%
GDXU:
102.83%
FAS:
-94.81%
GDXU:
-94.39%
FAS:
-27.95%
GDXU:
-78.94%
Returns By Period
In the year-to-date period, FAS achieves a -11.43% return, which is significantly lower than GDXU's 141.57% return.
FAS
-11.43%
-18.29%
-4.27%
32.67%
41.07%
16.64%
GDXU
141.57%
18.48%
23.07%
72.38%
N/A
N/A
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FAS vs. GDXU - Expense Ratio Comparison
FAS has a 1.00% expense ratio, which is higher than GDXU's 0.95% expense ratio.
Risk-Adjusted Performance
FAS vs. GDXU — Risk-Adjusted Performance Rank
FAS
GDXU
FAS vs. GDXU - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for Direxion Daily Financial Bull 3X Shares (FAS) and MicroSectors Gold Miners 3X Leveraged ETN (GDXU). 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
FAS vs. GDXU - Dividend Comparison
FAS's dividend yield for the trailing twelve months is around 0.92%, while GDXU has not paid dividends to shareholders.
| TTM | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|
FAS Direxion Daily Financial Bull 3X Shares | 0.92% | 0.76% | 1.77% | 0.91% | 0.60% | 0.47% | 0.62% | 1.43% | 0.11% |
GDXU MicroSectors Gold Miners 3X Leveraged ETN | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
Drawdowns
FAS vs. GDXU - Drawdown Comparison
The maximum FAS drawdown since its inception was -94.81%, roughly equal to the maximum GDXU drawdown of -94.39%. Use the drawdown chart below to compare losses from any high point for FAS and GDXU. For additional features, visit the drawdowns tool.
Volatility
FAS vs. GDXU - Volatility Comparison
The current volatility for Direxion Daily Financial Bull 3X Shares (FAS) is 41.07%, while MicroSectors Gold Miners 3X Leveraged ETN (GDXU) has a volatility of 49.72%. This indicates that FAS experiences smaller price fluctuations and is considered to be less risky than GDXU based on this measure. The chart below showcases a comparison of their rolling one-month volatility.