FAZ vs. BRKW
FAZ (Direxion Daily Financial Bear 3X Shares) and BRKW (Roundhill BRKB WeeklyPay ETF) are both exchange-traded funds - FAZ is a Leveraged Equities fund tracking the Russell 1000 Financial Services Index (-300%), while BRKW is a Derivative Income fund actively managed by Roundhill. FAZ is passively managed, while BRKW is actively managed. At a correlation of -0.50, they often move in opposite directions. FAZ charges 1.07%/yr vs 0.99%/yr for BRKW.
Performance
FAZ vs. BRKW - Performance Comparison
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Returns By Period
In the year-to-date period, FAZ achieves a 22.66% return, which is significantly higher than BRKW's -7.76% return.
FAZ
- 1D
- 3.45%
- 1M
- 5.24%
- YTD
- 22.66%
- 6M
- 14.22%
- 1Y
- 0.55%
- 3Y*
- -36.72%
- 5Y*
- -26.05%
- 10Y*
- -42.81%
BRKW
- 1D
- 0.91%
- 1M
- 1.58%
- YTD
- -7.76%
- 6M
- -8.63%
- 1Y
- —
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
FAZ vs. BRKW - Yearly Performance Comparison
| 2026 (YTD) | 2025 | |
|---|---|---|
FAZ Direxion Daily Financial Bear 3X Shares | 22.66% | -22.55% |
BRKW Roundhill BRKB WeeklyPay ETF | -7.76% | 2.09% |
Correlation
The correlation between FAZ and BRKW is -0.50, meaning they tend to move in opposite directions. This is especially valuable for risk management - when one declines, the other has historically tended to hold steady or rise.
| Correlation | |
|---|---|
Correlation (All Time) Calculated using the full available price history since Jun 20, 2025 | -0.50 |
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Return for Risk
FAZ vs. BRKW — Risk / Return Rank
FAZ
BRKW
FAZ vs. BRKW - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Direxion Daily Financial Bear 3X Shares (FAZ) and Roundhill BRKB WeeklyPay ETF (BRKW). 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 | BRKW | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | — | — | |
| Sortino ratioReturn per unit of downside risk | — | — | |
| Omega ratioGain probability vs. loss probability | 1.04 | — | — |
| Calmar ratioReturn relative to maximum drawdown | 0.02 | — | — |
| Martin ratioReturn relative to average drawdown | 0.03 | — | — |
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 | BRKW | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 0.01 | — | — |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | -0.47 | — | — |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | -0.69 | — | — |
Sharpe Ratio (All Time)Calculated using the full available price history | -0.72 | -0.36 | -0.37 |
Drawdowns
FAZ vs. BRKW - Drawdown Comparison
The maximum FAZ drawdown since its inception was -100.00%, which is greater than BRKW's maximum drawdown of -12.64%. Use the drawdown chart below to compare losses from any high point for FAZ and BRKW.
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Drawdown Indicators
| FAZ | BRKW | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -100.00% | -12.64% | -87.36% |
Max Drawdown (1Y)Largest decline over 1 year | -30.20% | — | — |
Max Drawdown (3Y)Largest decline over 3 years | -83.61% | — | — |
Max Drawdown (5Y)Largest decline over 5 years | -87.53% | — | — |
Max Drawdown (10Y)Largest decline over 10 years | -99.78% | — | — |
Current DrawdownCurrent decline from peak | -100.00% | -10.70% | -89.30% |
Average DrawdownAverage peak-to-trough decline | -99.14% | -5.34% | -93.80% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 16.58% | — | — |
Volatility
FAZ vs. BRKW - Volatility Comparison
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Volatility by Period
| FAZ | BRKW | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 9.30% | — | — |
Volatility (6M)Calculated over the trailing 6-month period | 32.18% | — | — |
Volatility (1Y)Calculated over the trailing 1-year period | 43.09% | 17.23% | +25.86% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 55.83% | 17.23% | +38.60% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 62.07% | 17.23% | +44.84% |
FAZ vs. BRKW - Expense Ratio Comparison
FAZ has a 1.07% expense ratio, which is higher than BRKW's 0.99% expense ratio.
Dividends
FAZ vs. BRKW - Dividend Comparison
FAZ's dividend yield for the trailing twelve months is around 2.77%, less than BRKW's 25.19% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 |
|---|---|---|---|---|---|---|---|---|---|
BRKW Roundhill BRKB WeeklyPay ETF | 25.19% | 14.45% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
FAZ Direxion Daily Financial Bear 3X Shares | 2.77% | 5.07% | 7.34% | 4.88% | 0.00% | 0.00% | 0.62% | 1.63% | 0.56% |
Frequently Asked Questions
FAZ and BRKW have a correlation of -0.50, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
On fees, BRKW is cheaper at 0.99% per year. The better choice depends on whether you care most about return, fees, risk, or income.
BRKW is cheaper with a 0.99% expense ratio, compared with 1.07% for FAZ.
BRKW has the higher dividend yield at 25.19%, compared with 2.77% for FAZ.
FAZ is categorized as Leveraged Equities, while BRKW is Derivative Income. They also come from different issuers: Direxion and Roundhill. Their fees differ too: 1.07% for FAZ and 0.99% for BRKW.
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