FAS vs. NTSD

Last updated Jun 3, 2026

FAS (Direxion Daily Financial Bull 3X Shares) and NTSD (WisdomTree Efficient U.S. Plus International Equity Fund) are both Leveraged Equities funds. FAS is passively managed, while NTSD is actively managed. At a 0.45 correlation, their price movements are largely independent. FAS charges 1.00%/yr vs 0.35%/yr for NTSD.

Performance

FAS vs. NTSD - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Direxion Daily Financial Bull 3X Shares (FAS) and WisdomTree Efficient U.S. Plus International Equity Fund (NTSD). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

FAS

• 1D: 0.24%
• 1M: -3.63%
• YTD: -21.74%
• 6M: -12.79%
• 1Y: -8.69%
• 3Y*: 35.72%
• 5Y*: 3.84%
• 10Y*: 18.78%

NTSD

• 1D: 0.35%
• 1M: 6.98%
• YTD: —
• 6M: —
• 1Y: —
• 3Y*: —
• 5Y*: —
• 10Y*: —

*Multi-year figures are annualized to reflect compound growth (CAGR)

FAS vs. NTSD - Yearly Performance Comparison

	2026 (YTD)
FAS Direxion Daily Financial Bull 3X Shares	14.22%
NTSD WisdomTree Efficient U.S. Plus International Equity Fund	19.23%

Correlation

The correlation between FAS and NTSD is 0.45, which is low. Their price movements are largely independent, making them effective diversification partners.

	Correlation
Correlation (All Time) Calculated using the full available price history since Mar 20, 2026	0.45

Return for Risk

FAS vs. NTSD — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.

FAS

FAS Risk / Return Rank: 7
FAS Sharpe Ratio Rank: 7
FAS Sortino Ratio Rank: 8
FAS Omega Ratio Rank: 8
FAS Calmar Ratio Rank: 7
FAS Martin Ratio Rank: 6

The rank (0–100) shows how this investment's returns compare to the risk taken. Higher = better. Based on the past 12 months of data, combining Sharpe, Sortino, and other metrics used by quantitative funds and institutional investors.

FAS vs. NTSD - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Direxion Daily Financial Bull 3X Shares (FAS) and WisdomTree Efficient U.S. Plus International Equity Fund (NTSD). 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.

	FAS	NTSD	Difference
Sharpe ratio Return per unit of total volatility	-0.20	—	—
Sortino ratio Return per unit of downside risk	0.00	—	—
Omega ratio Gain probability vs. loss probability	1.00	—	—
Calmar ratio Return relative to maximum drawdown	-0.20	—	—
Martin ratio Return relative to average drawdown	-0.47	—	—
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

Sharpe Ratios by Period

	FAS	NTSD	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	-0.20	—	—
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	0.07	—	—
Sharpe Ratio (10Y) Calculated over the trailing 10-year period	0.31	—	—
Sharpe Ratio (All Time) Calculated using the full available price history	0.20	5.75	-5.56

Drawdowns

FAS vs. NTSD - Drawdown Comparison

The maximum FAS drawdown since its inception was -91.61%, which is greater than NTSD's maximum drawdown of -5.20%. Use the drawdown chart below to compare losses from any high point for FAS and NTSD.

Drawdown Indicators

	FAS	NTSD	Difference
Max Drawdown Largest peak-to-trough decline	-91.61%	-5.20%	-86.41%
Max Drawdown (1Y) Largest decline over 1 year	-40.88%	—	—
Max Drawdown (3Y) Largest decline over 3 years	-43.10%	—	—
Max Drawdown (5Y) Largest decline over 5 years	-66.88%	—	—
Max Drawdown (10Y) Largest decline over 10 years	-85.99%	—	—
Current Drawdown Current decline from peak	-28.19%	0.00%	-28.19%
Average Drawdown Average peak-to-trough decline	-31.11%	-0.84%	-30.27%
Ulcer Index Depth and duration of drawdowns from previous peaks	17.40%	—	—

Volatility

Volatility by Period

	FAS	NTSD	Difference
Volatility (1M) Calculated over the trailing 1-month period	9.05%	—	—
Volatility (6M) Calculated over the trailing 6-month period	32.42%	—	—
Volatility (1Y) Calculated over the trailing 1-year period	42.62%	24.31%	+18.31%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	55.46%	24.31%	+31.15%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	61.30%	24.31%	+36.99%

FAS vs. NTSD - Expense Ratio Comparison

FAS has a 1.00% expense ratio, which is higher than NTSD's 0.35% expense ratio.

Dividends

FAS vs. NTSD - Dividend Comparison

FAS's dividend yield for the trailing twelve months is around 10.66%, while NTSD has not paid dividends to shareholders.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017
FAS Direxion Daily Financial Bull 3X Shares	10.66%	8.21%	0.76%	1.77%	0.91%	0.60%	0.47%	0.62%	1.43%	0.11%
NTSD WisdomTree Efficient U.S. Plus International Equity Fund	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%

Frequently Asked Questions

Can I hold both FAS and NTSD in my portfolio?

FAS and NTSD have a correlation of 0.45, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which ETF is better, FAS or NTSD?

On fees, NTSD is cheaper at 0.35% per year. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF is cheaper, FAS or NTSD?

NTSD is cheaper with a 0.35% expense ratio, compared with 1.00% for FAS.

Which ETF pays a higher dividend yield, FAS or NTSD?

FAS has the higher dividend yield at 10.66%, compared with 0.00% for NTSD.

What is the main difference between FAS and NTSD?

They also come from different issuers: Direxion and WisdomTree. Their fees differ too: 1.00% for FAS and 0.35% for NTSD.