FAZ vs. BNP.PA
Compare and contrast key facts about Direxion Daily Financial Bear 3X Shares (FAZ) and BNP Paribas SA (BNP.PA).
FAZ 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.
Performance
FAZ vs. BNP.PA - Performance Comparison
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FAZ vs. BNP.PA - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
FAZ Direxion Daily Financial Bear 3X Shares | 33.01% | -37.21% | -51.01% | -26.67% | 1.16% | -67.05% | -73.90% | -58.62% | 16.84% | -46.18% |
BNP.PA BNP Paribas SA | -1.22% | 70.31% | -5.26% | 29.71% | -11.60% | 37.80% | -11.19% | 40.83% | -36.18% | 22.32% |
Different Trading Currencies
FAZ is traded in USD, while BNP.PA is traded in EUR. To make them comparable, the BNP.PA values have been converted to USD using the latest available exchange rates.
Returns By Period
In the year-to-date period, FAZ achieves a 33.01% return, which is significantly higher than BNP.PA's -1.22% return. Over the past 10 years, FAZ has underperformed BNP.PA with an annualized return of -43.10%, while BNP.PA has yielded a comparatively higher 12.61% annualized return.
FAZ
- 1D
- -6.11%
- 1M
- 11.41%
- YTD
- 33.01%
- 6M
- 26.95%
- 1Y
- -7.23%
- 3Y*
- -36.21%
- 5Y*
- -29.62%
- 10Y*
- -43.10%
BNP.PA
- 1D
- 1.06%
- 1M
- -16.94%
- YTD
- -1.22%
- 6M
- 3.30%
- 1Y
- 24.03%
- 3Y*
- 25.31%
- 5Y*
- 16.64%
- 10Y*
- 12.61%
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Return for Risk
FAZ vs. BNP.PA — Risk / Return Rank
FAZ
BNP.PA
FAZ vs. BNP.PA - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Direxion Daily Financial Bear 3X Shares (FAZ) and BNP Paribas SA (BNP.PA). 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.
| FAZ | BNP.PA | Difference | |
|---|---|---|---|
Sharpe ratioReturn per unit of total volatility | -0.12 | 0.79 | -0.92 |
Sortino ratioReturn per unit of downside risk | 0.24 | 1.19 | -0.95 |
Omega ratioGain probability vs. loss probability | 1.03 | 1.16 | -0.13 |
Calmar ratioReturn relative to maximum drawdown | -0.20 | 1.31 | -1.51 |
Martin ratioReturn relative to average drawdown | -0.26 | 3.45 | -3.71 |
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
| FAZ | BNP.PA | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | -0.12 | 0.79 | -0.92 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | -0.53 | 0.54 | -1.07 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | -0.70 | 0.38 | -1.07 |
Sharpe Ratio (All Time)Calculated using the full available price history | -0.72 | 0.11 | -0.83 |
Correlation
The correlation between FAZ and BNP.PA is -0.47. This indicates that the assets' prices tend to move in opposite directions. Negative correlation can be particularly beneficial for diversification and risk management, as one asset may offset the losses of the other during market fluctuations.
Dividends
FAZ vs. BNP.PA - Dividend Comparison
FAZ's dividend yield for the trailing twelve months is around 2.56%, less than BNP.PA's 9.11% yield.
| TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
FAZ Direxion Daily Financial Bear 3X Shares | 2.56% | 5.07% | 7.34% | 4.88% | 0.00% | 0.00% | 0.62% | 1.63% | 0.56% | 0.00% | 0.00% | 0.00% |
BNP.PA BNP Paribas SA | 9.11% | 9.13% | 7.77% | 6.23% | 6.89% | 4.38% | 0.00% | 5.72% | 7.65% | 4.34% | 3.82% | 2.87% |
Drawdowns
FAZ vs. BNP.PA - Drawdown Comparison
The maximum FAZ drawdown since its inception was -100.00%, which is greater than BNP.PA's maximum drawdown of -76.41%. Use the drawdown chart below to compare losses from any high point for FAZ and BNP.PA.
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Drawdown Indicators
| FAZ | BNP.PA | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -100.00% | -75.43% | -24.57% |
Max Drawdown (1Y)Largest decline over 1 year | -54.53% | -19.50% | -35.03% |
Max Drawdown (5Y)Largest decline over 5 years | -88.14% | -34.11% | -54.03% |
Max Drawdown (10Y)Largest decline over 10 years | -99.78% | -59.43% | -40.35% |
Current DrawdownCurrent decline from peak | -100.00% | -15.96% | -84.04% |
Average DrawdownAverage peak-to-trough decline | -99.13% | -20.06% | -79.07% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 42.00% | 7.33% | +34.67% |
Volatility
FAZ vs. BNP.PA - Volatility Comparison
Direxion Daily Financial Bear 3X Shares (FAZ) has a higher volatility of 13.94% compared to BNP Paribas SA (BNP.PA) at 10.09%. This indicates that FAZ's price experiences larger fluctuations and is considered to be riskier than BNP.PA based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| FAZ | BNP.PA | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 13.94% | 10.09% | +3.85% |
Volatility (6M)Calculated over the trailing 6-month period | 33.73% | 21.21% | +12.52% |
Volatility (1Y)Calculated over the trailing 1-year period | 58.30% | 30.03% | +28.27% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 56.10% | 30.56% | +25.54% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 62.13% | 32.77% | +29.36% |