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FAZ vs. DTD
Performance
Return for Risk
Drawdowns
Volatility
Dividends

FAZ vs. DTD

Last updated Jun 5, 2026

FAZ (Direxion Daily Financial Bear 3X Shares) and DTD (WisdomTree U.S. Total Dividend Fund) are both exchange-traded funds - FAZ is a Leveraged Equities fund tracking the Russell 1000 Financial Services Index (-300%), while DTD is a Large Cap Value Equities fund tracking the WisdomTree U.S. Dividend Index. Both are passively managed. Over the past 10 years, FAZ returned -43.18%/yr vs 12.21%/yr for DTD. At a correlation of -0.86, they often move in opposite directions. FAZ charges 1.07%/yr vs 0.28%/yr for DTD.

Performance

FAZ vs. DTD - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Direxion Daily Financial Bear 3X Shares (FAZ) and WisdomTree U.S. Total Dividend Fund (DTD). The values are adjusted to include any dividend payments, if applicable.

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Returns By Period

In the year-to-date period, FAZ achieves a 13.24% return, which is significantly higher than DTD's 10.81% return. Over the past 10 years, FAZ has underperformed DTD with an annualized return of -43.18%, while DTD has yielded a comparatively higher 12.21% annualized return.

FAZ

1D
-7.67%
1M
-3.27%
YTD
13.24%
6M
6.04%
1Y
-9.06%
3Y*
-38.68%
5Y*
-27.22%
10Y*
-43.18%

DTD

1D
0.72%
1M
2.88%
YTD
10.81%
6M
10.86%
1Y
23.27%
3Y*
18.36%
5Y*
11.91%
10Y*
12.21%
*Multi-year figures are annualized to reflect compound growth (CAGR)

FAZ vs. DTD - Yearly Performance Comparison

2026 (YTD)202520242023202220212020201920182017
FAZ
Direxion Daily Financial Bear 3X Shares		13.24%-37.21%-51.01%-26.67%1.16%-67.05%-73.90%-58.62%16.84%-46.18%
DTD
WisdomTree U.S. Total Dividend Fund		10.81%14.25%18.56%10.63%-3.83%26.26%2.45%28.19%-6.47%17.35%

Correlation

The correlation between FAZ and DTD is -0.78, 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 (1Y)
Calculated over the trailing 1-year period

-0.78

Correlation (3Y)
Calculated over the trailing 3-year period

-0.83

Correlation (5Y)
Calculated over the trailing 5-year period

-0.86

Correlation (10Y)
Calculated over the trailing 10-year period

-0.85

Correlation (All Time)
Calculated using the full available price history since Nov 20, 2008

-0.86

The correlation between FAZ and DTD has been stable across timeframes, ranging from -0.86 to -0.78 - a consistent structural relationship.

Compare stocks, funds, or ETFs

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

Direxion Daily Financial Bear 3X Shares

WisdomTree U.S. Total Dividend Fund

Often compared with FAZ:
FAZ vs. FASFAZ vs. TZAFAZ vs. LABDFAZ vs. BNKDFAZ vs. QQQFAZ vs. LABUFAZ vs. KRE
Often compared with DTD:
DTD vs. DLNDTD vs. SCHDDTD vs. DHSDTD vs. DGRWDTD vs. DEWDTD vs. VYMDTD vs. DIVO

Return for Risk

FAZ vs. DTD — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.
FAZ
FAZ Risk / Return Rank: 77
Overall Rank
FAZ Sharpe Ratio Rank: 77
Sharpe Ratio Rank
FAZ Sortino Ratio Rank: 88
Sortino Ratio Rank
FAZ Omega Ratio Rank: 88
Omega Ratio Rank
FAZ Calmar Ratio Rank: 66
Calmar Ratio Rank
FAZ Martin Ratio Rank: 77
Martin Ratio Rank
DTD
DTD Risk / Return Rank: 7878
Overall Rank
DTD Sharpe Ratio Rank: 7878
Sharpe Ratio Rank
DTD Sortino Ratio Rank: 8181
Sortino Ratio Rank
DTD Omega Ratio Rank: 7878
Omega Ratio Rank
DTD Calmar Ratio Rank: 7474
Calmar Ratio Rank
DTD Martin Ratio Rank: 8080
Martin Ratio Rank
The rank (0–100) shows how this investment's returns compare to the risk taken. Higher = better. Based on the past 12 months of data, combining Sharpe, Sortino, and other metrics used by quantitative funds and institutional investors.

FAZ vs. DTD - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Direxion Daily Financial Bear 3X Shares (FAZ) and WisdomTree U.S. Total Dividend Fund (DTD). 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.

FAZDTDDifference
Sharpe ratioReturn per unit of total volatility
-0.21
2.51

-2.72

Sortino ratioReturn per unit of downside risk
-0.00
3.57

-3.57

Omega ratioGain probability vs. loss probability

1.00

1.46

-0.46

Calmar ratioReturn relative to maximum drawdown

-0.30

3.71

-4.01

Martin ratioReturn relative to average drawdown

-0.55

15.39

-15.93

Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

FAZ vs. DTD - Sharpe Ratio Comparison

The current FAZ Sharpe Ratio is -0.21, which is lower than the DTD Sharpe Ratio of 2.51. The chart below compares the historical Sharpe Ratios of FAZ and DTD, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

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Sharpe Ratios by Period

FAZDTDDifference

Sharpe Ratio (1Y)

Calculated over the trailing 1-year period

-0.21

2.51

-2.72

Sharpe Ratio (5Y)

Calculated over the trailing 5-year period

-0.49

0.88

-1.37

Sharpe Ratio (10Y)

Calculated over the trailing 10-year period

-0.70

0.76

-1.45

Sharpe Ratio (All Time)

Calculated using the full available price history

-0.72

0.53

-1.26

Drawdowns

FAZ vs. DTD - Drawdown Comparison

The maximum FAZ drawdown since its inception was -100.00%, which is greater than DTD's maximum drawdown of -58.19%. Use the drawdown chart below to compare losses from any high point for FAZ and DTD.

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Drawdown Indicators

FAZDTDDifference

Max Drawdown

Largest peak-to-trough decline

-100.00%

-58.19%

-41.81%

Max Drawdown (1Y)

Largest decline over 1 year

-30.20%

-6.30%

-23.90%

Max Drawdown (3Y)

Largest decline over 3 years

-83.61%

-14.41%

-69.20%

Max Drawdown (5Y)

Largest decline over 5 years

-87.53%

-16.14%

-71.39%

Max Drawdown (10Y)

Largest decline over 10 years

-99.78%

-37.29%

-62.49%

Current Drawdown

Current decline from peak

-100.00%

0.00%

-100.00%

Average Drawdown

Average peak-to-trough decline

-99.14%

-7.34%

-91.80%

Ulcer Index

Depth and duration of drawdowns from previous peaks

16.64%

1.52%

+15.12%

Volatility

FAZ vs. DTD - Volatility Comparison

Direxion Daily Financial Bear 3X Shares (FAZ) has a higher volatility of 12.41% compared to WisdomTree U.S. Total Dividend Fund (DTD) at 2.16%. This indicates that FAZ's price experiences larger fluctuations and is considered to be riskier than DTD based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

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Volatility by Period

FAZDTDDifference

Volatility (1M)

Calculated over the trailing 1-month period

12.41%

2.16%

+10.25%

Volatility (6M)

Calculated over the trailing 6-month period

33.18%

7.01%

+26.17%

Volatility (1Y)

Calculated over the trailing 1-year period

43.76%

9.31%

+34.45%

Volatility (5Y)

Calculated over the trailing 5-year period, annualized

55.93%

13.57%

+42.36%

Volatility (10Y)

Calculated over the trailing 10-year period, annualized

62.10%

16.21%

+45.89%

FAZ vs. DTD - Expense Ratio Comparison

FAZ has a 1.07% expense ratio, which is higher than DTD's 0.28% expense ratio.

Dividends

FAZ vs. DTD - Dividend Comparison

FAZ's dividend yield for the trailing twelve months is around 3.00%, more than DTD's 1.86% yield.

PositionTTM20252024202320222021202020192018201720162015
DTD
WisdomTree U.S. Total Dividend Fund		1.86%1.99%2.07%2.43%2.62%2.04%2.73%2.50%2.93%2.36%2.66%2.81%
FAZ
Direxion Daily Financial Bear 3X Shares		3.00%5.07%7.34%4.88%0.00%0.00%0.62%1.63%0.56%0.00%0.00%0.00%

Frequently Asked Questions

FAZ and DTD have a correlation of -0.78, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

FAZ has higher volatility (12.41%) compared to DTD (2.16%). In terms of maximum drawdown, FAZ dropped -100.00% vs DTD's -58.19%.

On 10-year performance, DTD leads with 12.21% vs -43.18% for FAZ. On fees, DTD is cheaper at 0.28% per year. On volatility, DTD has been the lower-risk option at 2.16%. The better choice depends on whether you care most about return, fees, risk, or income.

Over the 10-year period, DTD has performed better with a 12.21% return vs -43.18%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.

DTD is cheaper with a 0.28% expense ratio, compared with 1.07% for FAZ.

FAZ has the higher dividend yield at 3.00%, compared with 1.86% for DTD.

FAZ is categorized as Leveraged Equities, while DTD is Large Cap Value Equities. FAZ tracks Russell 1000 Financial Services Index (-300%), while DTD tracks WisdomTree U.S. Dividend Index. They also come from different issuers: Direxion and WisdomTree. Their fees differ too: 1.07% for FAZ and 0.28% for DTD.

DTD currently has the higher Sharpe Ratio (2.51 vs -0.21), meaning it's delivered slightly more return per unit of risk over the trailing 12 months. However, this ranking shifts over time - use the Risk/Return Score above for a more comprehensive view that combines Sharpe, Sortino, and other measures used by quantitative funds.

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