FAS vs. UCO
Compare and contrast key facts about Direxion Daily Financial Bull 3X Shares (FAS) and ProShares Ultra Bloomberg Crude Oil (UCO).
FAS and UCO 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. UCO is a passively managed fund by ProShares that tracks the performance of the Dow Jones-UBS Crude Oil Sub-Index (200%). It was launched on Nov 24, 2008. Both FAS and UCO 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 UCO.
Key characteristics
| FAS | UCO | |
|---|---|---|
| YTD Return | 96.84% | 2.57% |
| 1Y Return | 176.52% | -6.66% |
| 3Y Return (Ann) | 5.64% | 2.43% |
| 5Y Return (Ann) | 15.03% | -25.08% |
| 10Y Return (Ann) | 19.40% | -32.67% |
| Sharpe Ratio | 4.23 | -0.13 |
| Sortino Ratio | 4.42 | 0.14 |
| Omega Ratio | 1.57 | 1.02 |
| Calmar Ratio | 2.88 | -0.06 |
| Martin Ratio | 28.29 | -0.43 |
| Ulcer Index | 6.12% | 14.49% |
| Daily Std Dev | 40.90% | 47.48% |
| Max Drawdown | -94.81% | -99.95% |
| Current Drawdown | -2.60% | -99.57% |
Correlation
The correlation between FAS and UCO 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. UCO - Performance Comparison
In the year-to-date period, FAS achieves a 96.84% return, which is significantly higher than UCO's 2.57% return. Over the past 10 years, FAS has outperformed UCO with an annualized return of 19.40%, while UCO has yielded a comparatively lower -32.67% annualized return. The chart below displays the growth of a $10,000 investment in both assets, with all prices adjusted for splits and dividends.
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FAS vs. UCO - Expense Ratio Comparison
FAS has a 1.00% expense ratio, which is higher than UCO's 0.95% expense ratio.
Risk-Adjusted Performance
FAS vs. UCO - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for Direxion Daily Financial Bull 3X Shares (FAS) and ProShares Ultra Bloomberg Crude Oil (UCO). 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. UCO - Dividend Comparison
FAS's dividend yield for the trailing twelve months is around 0.83%, while UCO has not paid dividends to shareholders.
| TTM | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|
FAS Direxion Daily Financial Bull 3X Shares | 0.83% | 1.77% | 0.91% | 0.60% | 0.47% | 0.62% | 1.43% | 0.11% |
UCO ProShares Ultra Bloomberg Crude Oil | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
Drawdowns
FAS vs. UCO - Drawdown Comparison
The maximum FAS drawdown since its inception was -94.81%, smaller than the maximum UCO drawdown of -99.95%. Use the drawdown chart below to compare losses from any high point for FAS and UCO. For additional features, visit the drawdowns tool.
Volatility
FAS vs. UCO - Volatility Comparison
Direxion Daily Financial Bull 3X Shares (FAS) has a higher volatility of 20.54% compared to ProShares Ultra Bloomberg Crude Oil (UCO) at 17.40%. This indicates that FAS's price experiences larger fluctuations and is considered to be riskier than UCO based on this measure. The chart below showcases a comparison of their rolling one-month volatility.