PortfoliosLab logo
PortfoliosLab logo
Tools
Performance Analysis
Portfolio Analysis
Factor Model
Portfolios
Lazy PortfoliosUser Portfolios
Discussions
FAS vs. UCO
Performance
Risk-Adjusted Performance
Dividends
Drawdowns
Volatility

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.


-0.50.00.51.0
Correlation: 0.3

Performance

FAS vs. UCO - Performance Comparison

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

0.00%200.00%400.00%600.00%800.00%1,000.00%NovemberDecember2025FebruaryMarchApril
930.76%
-99.49%
FAS
UCO

Key characteristics

Sharpe Ratio

FAS:

1.02

UCO:

-0.40

Sortino Ratio

FAS:

1.60

UCO:

-0.31

Omega Ratio

FAS:

1.20

UCO:

0.96

Calmar Ratio

FAS:

1.29

UCO:

-0.18

Martin Ratio

FAS:

5.18

UCO:

-0.87

Ulcer Index

FAS:

9.27%

UCO:

20.45%

Daily Std Dev

FAS:

46.85%

UCO:

44.14%

Max Drawdown

FAS:

-94.81%

UCO:

-99.95%

Current Drawdown

FAS:

-12.70%

UCO:

-99.56%

Returns By Period

In the year-to-date period, FAS achieves a 7.33% return, which is significantly higher than UCO's -0.22% return. Over the past 10 years, FAS has outperformed UCO with an annualized return of 19.02%, while UCO has yielded a comparatively lower -24.60% annualized return.


FAS

YTD

7.33%

1M

-9.86%

6M

26.81%

1Y

49.69%

5Y*

55.16%

10Y*

19.02%

UCO

YTD

-0.22%

1M

8.37%

6M

1.52%

1Y

-19.72%

5Y*

8.24%

10Y*

-24.60%

*Annualized

Compare stocks, funds, or ETFs

Search for stocks, ETFs, and funds for a quick comparison or use the comparison tool for more options.


FAS vs. UCO - Expense Ratio Comparison

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


FAS
Direxion Daily Financial Bull 3X Shares
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 UCO: 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%
UCO: 0.95%

Risk-Adjusted Performance

FAS vs. UCO — 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 7979
Overall Rank
The Sharpe Ratio Rank of FAS is 7676
Sharpe Ratio Rank
The Sortino Ratio Rank of FAS is 7979
Sortino Ratio Rank
The Omega Ratio Rank of FAS is 7878
Omega Ratio Rank
The Calmar Ratio Rank of FAS is 8080
Calmar Ratio Rank
The Martin Ratio Rank of FAS is 8181
Martin Ratio Rank

UCO
The Risk-Adjusted Performance Rank of UCO is 99
Overall Rank
The Sharpe Ratio Rank of UCO is 77
Sharpe Ratio Rank
The Sortino Ratio Rank of UCO is 99
Sortino Ratio Rank
The Omega Ratio Rank of UCO is 99
Omega Ratio Rank
The Calmar Ratio Rank of UCO is 1111
Calmar Ratio Rank
The Martin Ratio Rank of UCO is 88
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. 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.


Sharpe ratio
The chart of Sharpe ratio for FAS, currently valued at 1.02, compared to the broader market-1.000.001.002.003.004.005.00
FAS: 1.02
UCO: -0.40
The chart of Sortino ratio for FAS, currently valued at 1.60, compared to the broader market-2.000.002.004.006.008.0010.0012.00
FAS: 1.60
UCO: -0.31
The chart of Omega ratio for FAS, currently valued at 1.20, compared to the broader market0.501.001.502.002.503.00
FAS: 1.20
UCO: 0.96
The chart of Calmar ratio for FAS, currently valued at 1.29, compared to the broader market0.005.0010.0015.00
FAS: 1.29
UCO: -0.18
The chart of Martin ratio for FAS, currently valued at 5.18, compared to the broader market0.0020.0040.0060.0080.00100.00
FAS: 5.18
UCO: -0.87

The current FAS Sharpe Ratio is 1.02, which is higher than the UCO Sharpe Ratio of -0.40. The chart below compares the historical Sharpe Ratios of FAS and UCO, 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
1.02
-0.40
FAS
UCO

Dividends

FAS vs. UCO - Dividend Comparison

FAS's dividend yield for the trailing twelve months is around 0.76%, while UCO has not paid dividends to shareholders.


TTM20242023202220212020201920182017
FAS
Direxion Daily Financial Bull 3X Shares
0.76%0.76%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%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.


-100.00%-80.00%-60.00%-40.00%-20.00%0.00%NovemberDecember2025FebruaryMarchApril
-12.70%
-99.56%
FAS
UCO

Volatility

FAS vs. UCO - Volatility Comparison

Direxion Daily Financial Bull 3X Shares (FAS) has a higher volatility of 16.29% compared to ProShares Ultra Bloomberg Crude Oil (UCO) at 10.34%. 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.


8.00%10.00%12.00%14.00%16.00%18.00%20.00%NovemberDecember2025FebruaryMarchApril
16.29%
10.34%
FAS
UCO
PortfoliosLab logo
Performance Analysis
Portfolio AnalysisPortfolio PerformanceStock ComparisonSharpe RatioMartin RatioTreynor RatioSortino RatioOmega RatioCalmar RatioSummers Ratio
Community
Discussions


Disclaimer

The information contained herein does not constitute investment advice and made available for educational purposes only. Prices and returns on equities are listed without consideration of fees, commissions, taxes, penalties, or interest payable due to purchasing, holding, or selling.

Copyright © 2025 PortfoliosLab