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FAS vs. TQQQ
Performance
Risk-Adjusted Performance
Dividends
Drawdowns
Volatility

Correlation

The correlation between FAS and TQQQ is 0.84, 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.


-0.50.00.51.0
Correlation: 0.8

Performance

FAS vs. TQQQ - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Direxion Daily Financial Bull 3X Shares (FAS) and ProShares UltraPro QQQ (TQQQ). The values are adjusted to include any dividend payments, if applicable.

0.00%5,000.00%10,000.00%15,000.00%20,000.00%NovemberDecember2025FebruaryMarchApril
1,503.11%
12,878.31%
FAS
TQQQ

Key characteristics

Sharpe Ratio

FAS:

0.50

TQQQ:

0.04

Sortino Ratio

FAS:

1.05

TQQQ:

0.58

Omega Ratio

FAS:

1.15

TQQQ:

1.08

Calmar Ratio

FAS:

0.69

TQQQ:

0.05

Martin Ratio

FAS:

2.43

TQQQ:

0.13

Ulcer Index

FAS:

12.33%

TQQQ:

20.43%

Daily Std Dev

FAS:

59.99%

TQQQ:

74.97%

Max Drawdown

FAS:

-94.81%

TQQQ:

-81.66%

Current Drawdown

FAS:

-27.95%

TQQQ:

-41.90%

Returns By Period

In the year-to-date period, FAS achieves a -11.43% return, which is significantly higher than TQQQ's -31.73% return. Over the past 10 years, FAS has underperformed TQQQ with an annualized return of 16.64%, while TQQQ has yielded a comparatively higher 27.88% annualized return.


FAS

YTD

-11.43%

1M

-18.29%

6M

-4.27%

1Y

32.67%

5Y*

41.07%

10Y*

16.64%

TQQQ

YTD

-31.73%

1M

-15.02%

6M

-27.48%

1Y

3.28%

5Y*

28.11%

10Y*

27.88%

*Annualized

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FAS vs. TQQQ - Expense Ratio Comparison

FAS has a 1.00% expense ratio, which is higher than TQQQ's 0.95% expense ratio.


Expense ratio chart for FAS: current value is 1.00%, compared with the broader market range of 0.00% to 2.12%.0.50%1.00%1.50%2.00%
FAS: 1.00%
Expense ratio chart for TQQQ: current value is 0.95%, compared with the broader market range of 0.00% to 2.12%.0.50%1.00%1.50%2.00%
TQQQ: 0.95%

Risk-Adjusted Performance

FAS vs. TQQQ — Risk-Adjusted Performance Rank

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

FAS
The Risk-Adjusted Performance Rank of FAS is 6666
Overall Rank
The Sharpe Ratio Rank of FAS is 5656
Sharpe Ratio Rank
The Sortino Ratio Rank of FAS is 6868
Sortino Ratio Rank
The Omega Ratio Rank of FAS is 6969
Omega Ratio Rank
The Calmar Ratio Rank of FAS is 7373
Calmar Ratio Rank
The Martin Ratio Rank of FAS is 6565
Martin Ratio Rank

TQQQ
The Risk-Adjusted Performance Rank of TQQQ is 3030
Overall Rank
The Sharpe Ratio Rank of TQQQ is 2121
Sharpe Ratio Rank
The Sortino Ratio Rank of TQQQ is 4343
Sortino Ratio Rank
The Omega Ratio Rank of TQQQ is 4343
Omega Ratio Rank
The Calmar Ratio Rank of TQQQ is 2222
Calmar Ratio Rank
The Martin Ratio Rank of TQQQ is 2121
Martin Ratio Rank
The risk-adjusted ranks indicate the investment's position relative to the market. A rank closer to 100 signifies top-performing investments, while a rank closer to 0 might suggest underperformance, based on the selected ratio. The values are calculated based on the past 12 months of returns.

FAS vs. TQQQ - Risk-Adjusted Performance Comparison

This table presents a comparison of risk-adjusted performance metrics for Direxion Daily Financial Bull 3X Shares (FAS) and ProShares UltraPro QQQ (TQQQ). 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.


The chart of Sharpe ratio for FAS, currently valued at 0.50, compared to the broader market-1.000.001.002.003.004.00
FAS: 0.50
TQQQ: 0.04
The chart of Sortino ratio for FAS, currently valued at 1.05, compared to the broader market-2.000.002.004.006.008.00
FAS: 1.05
TQQQ: 0.58
The chart of Omega ratio for FAS, currently valued at 1.15, compared to the broader market0.501.001.502.00
FAS: 1.15
TQQQ: 1.08
The chart of Calmar ratio for FAS, currently valued at 0.69, compared to the broader market0.002.004.006.008.0010.0012.00
FAS: 0.69
TQQQ: 0.05
The chart of Martin ratio for FAS, currently valued at 2.43, compared to the broader market0.0020.0040.0060.00
FAS: 2.43
TQQQ: 0.13

The current FAS Sharpe Ratio is 0.50, which is higher than the TQQQ Sharpe Ratio of 0.04. The chart below compares the historical Sharpe Ratios of FAS and TQQQ, offering insights into how both investments have performed under varying market conditions. These values are calculated using daily returns over the previous 12 months.


Rolling 12-month Sharpe Ratio-1.000.001.002.003.004.005.00NovemberDecember2025FebruaryMarchApril
0.50
0.04
FAS
TQQQ

Dividends

FAS vs. TQQQ - Dividend Comparison

FAS's dividend yield for the trailing twelve months is around 0.92%, less than TQQQ's 1.83% yield.


TTM20242023202220212020201920182017201620152014
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%0.00%0.00%0.00%
TQQQ
ProShares UltraPro QQQ
1.83%1.27%1.26%0.57%0.00%0.00%0.06%0.11%0.00%0.00%0.01%0.03%

Drawdowns

FAS vs. TQQQ - Drawdown Comparison

The maximum FAS drawdown since its inception was -94.81%, which is greater than TQQQ's maximum drawdown of -81.66%. Use the drawdown chart below to compare losses from any high point for FAS and TQQQ. For additional features, visit the drawdowns tool.


-60.00%-50.00%-40.00%-30.00%-20.00%-10.00%0.00%NovemberDecember2025FebruaryMarchApril
-27.95%
-41.90%
FAS
TQQQ

Volatility

FAS vs. TQQQ - Volatility Comparison

The current volatility for Direxion Daily Financial Bull 3X Shares (FAS) is 41.07%, while ProShares UltraPro QQQ (TQQQ) has a volatility of 48.66%. This indicates that FAS experiences smaller price fluctuations and is considered to be less risky than TQQQ based on this measure. The chart below showcases a comparison of their rolling one-month volatility.


10.00%20.00%30.00%40.00%50.00%NovemberDecember2025FebruaryMarchApril
41.07%
48.66%
FAS
TQQQ