FAS vs. TRXAX
Compare and contrast key facts about Direxion Daily Financial Bull 3X Shares (FAS) and Catalyst/MAP Global Balanced Fund (TRXAX).
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. TRXAX is managed by Catalyst Mutual Funds. It was launched on Jul 28, 2011.
Performance
FAS vs. TRXAX - Performance Comparison
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FAS vs. TRXAX - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
FAS Direxion Daily Financial Bull 3X Shares | -29.25% | 21.48% | 84.47% | 14.92% | -43.19% | 116.59% | -34.97% | 113.04% | -33.84% | 67.37% |
TRXAX Catalyst/MAP Global Balanced Fund | 2.23% | 16.16% | 4.67% | 5.23% | -7.44% | 9.65% | 3.62% | 11.51% | -3.30% | 11.12% |
Returns By Period
In the year-to-date period, FAS achieves a -29.25% return, which is significantly lower than TRXAX's 2.23% return. Over the past 10 years, FAS has outperformed TRXAX with an annualized return of 18.68%, while TRXAX has yielded a comparatively lower 5.41% annualized return.
FAS
- 1D
- 6.35%
- 1M
- -11.64%
- YTD
- -29.25%
- 6M
- -27.65%
- 1Y
- -18.17%
- 3Y*
- 32.31%
- 5Y*
- 7.69%
- 10Y*
- 18.68%
TRXAX
- 1D
- 0.03%
- 1M
- -5.20%
- YTD
- 2.23%
- 6M
- 4.39%
- 1Y
- 14.48%
- 3Y*
- 7.99%
- 5Y*
- 4.90%
- 10Y*
- 5.41%
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FAS vs. TRXAX - Expense Ratio Comparison
FAS has a 1.00% expense ratio, which is lower than TRXAX's 1.22% expense ratio.
Return for Risk
FAS vs. TRXAX — Risk / Return Rank
FAS
TRXAX
FAS vs. TRXAX - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Direxion Daily Financial Bull 3X Shares (FAS) and Catalyst/MAP Global Balanced Fund (TRXAX). 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 | TRXAX | Difference | |
|---|---|---|---|
Sharpe ratioReturn per unit of total volatility | -0.32 | 1.98 | -2.30 |
Sortino ratioReturn per unit of downside risk | -0.08 | 2.68 | -2.76 |
Omega ratioGain probability vs. loss probability | 0.99 | 1.40 | -0.41 |
Calmar ratioReturn relative to maximum drawdown | -0.37 | 2.55 | -2.92 |
Martin ratioReturn relative to average drawdown | -1.01 | 10.37 | -11.39 |
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month. | |||
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Sharpe Ratios by Period
| FAS | TRXAX | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | -0.32 | 1.98 | -2.30 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.14 | 0.63 | -0.49 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.31 | 0.66 | -0.35 |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.19 | 0.68 | -0.49 |
Correlation
The correlation between FAS and TRXAX is 0.69, which is considered to be moderate. This suggests that the two assets have some degree of positive relationship in their price movements. Moderate correlation can be acceptable for portfolio diversification, offering a balance between risk and potential returns.
Dividends
FAS vs. TRXAX - Dividend Comparison
FAS's dividend yield for the trailing twelve months is around 11.79%, more than TRXAX's 2.28% yield.
| TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
FAS Direxion Daily Financial Bull 3X Shares | 11.79% | 8.21% | 0.76% | 1.77% | 0.91% | 0.60% | 0.47% | 0.62% | 1.43% | 0.11% | 0.00% | 0.00% |
TRXAX Catalyst/MAP Global Balanced Fund | 2.28% | 2.45% | 4.93% | 5.12% | 0.83% | 6.76% | 1.91% | 2.66% | 8.34% | 3.46% | 3.55% | 1.59% |
Drawdowns
FAS vs. TRXAX - Drawdown Comparison
The maximum FAS drawdown since its inception was -91.61%, which is greater than TRXAX's maximum drawdown of -20.50%. Use the drawdown chart below to compare losses from any high point for FAS and TRXAX.
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Drawdown Indicators
| FAS | TRXAX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -91.61% | -20.50% | -71.11% |
Max Drawdown (1Y)Largest decline over 1 year | -40.88% | -5.60% | -35.28% |
Max Drawdown (5Y)Largest decline over 5 years | -66.88% | -16.03% | -50.85% |
Max Drawdown (10Y)Largest decline over 10 years | -85.99% | -20.50% | -65.49% |
Current DrawdownCurrent decline from peak | -35.08% | -5.20% | -29.88% |
Average DrawdownAverage peak-to-trough decline | -31.15% | -2.67% | -28.48% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 14.87% | 1.38% | +13.49% |
Volatility
FAS vs. TRXAX - Volatility Comparison
Direxion Daily Financial Bull 3X Shares (FAS) has a higher volatility of 14.32% compared to Catalyst/MAP Global Balanced Fund (TRXAX) at 2.51%. This indicates that FAS's price experiences larger fluctuations and is considered to be riskier than TRXAX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| FAS | TRXAX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 14.32% | 2.51% | +11.81% |
Volatility (6M)Calculated over the trailing 6-month period | 34.33% | 4.86% | +29.47% |
Volatility (1Y)Calculated over the trailing 1-year period | 57.51% | 7.42% | +50.09% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 55.69% | 7.88% | +47.81% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 61.35% | 8.26% | +53.09% |