FAZ vs. GEV
FAZ (Direxion Daily Financial Bear 3X Shares) is Leveraged Equities fund tracking the Russell 1000 Financial Services Index (-300%), while GEV (GE Vernova Inc.) is a stock. Over the past year, FAZ returned -20.83% vs 93.90% for GEV. At a correlation of -0.29, they often move in opposite directions.
Performance
FAZ vs. GEV - Performance Comparison
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Returns By Period
In the year-to-date period, FAZ achieves a -9.37% return, which is significantly lower than GEV's 59.82% return.
FAZ
- 1D
- -1.91%
- 1M
- -14.72%
- 6M
- -6.80%
- YTD
- -9.37%
- 1Y
- -20.83%
- 3Y*
- -40.21%
- 5Y*
- -32.04%
- 10Y*
- -44.22%
GEV
- 1D
- -4.49%
- 1M
- 10.89%
- 6M
- 63.15%
- YTD
- 59.82%
- 1Y
- 93.90%
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
FAZ vs. GEV - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | |
|---|---|---|---|
FAZ Direxion Daily Financial Bear 3X Shares | -9.37% | -37.21% | -36.05% |
GEV GE Vernova Inc. | 59.82% | 99.02% | 186.24% |
Correlation
The correlation between FAZ and GEV is -0.16, 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 | -0.16 |
Correlation (All Time) Calculated using the full available price history since Mar 27, 2024 | -0.29 |
The correlation between FAZ and GEV shifts across timeframes, from -0.29 (all time) to -0.16 (1 year), reflecting how their relationship changes across market environments.
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Return for Risk
FAZ vs. GEV — Risk / Return Rank
FAZ
GEV
FAZ vs. GEV - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Direxion Daily Financial Bear 3X Shares (FAZ) and GE Vernova Inc. (GEV). 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.
Values are calculated on a 1-year rolling basis and updated daily. Risk-adjusted metrics are more stable over longer periods — use the period switch above to explore them.
| FAZ | GEV | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -2.29 | ||
| Sortino ratioReturn per unit of downside risk | -3.00 | ||
| Omega ratioGain probability vs. loss probability | 0.95 | 1.31 | -0.36 |
| Calmar ratioReturn relative to maximum drawdown | -0.54 | 3.84 | -4.38 |
| Martin ratioReturn relative to average drawdown | -1.31 | 10.97 | -12.27 |
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Drawdowns
FAZ vs. GEV - Drawdown Comparison
The maximum FAZ drawdown since its inception was -100.00%, which is greater than GEV's maximum drawdown of -38.29%. Use the drawdown chart below to compare losses from any high point for FAZ and GEV.
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Drawdown Indicators
| FAZ | GEV | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -100.00% | -38.29% | -61.71% |
Max Drawdown (1Y)Largest decline over 1 year | -38.56% | -24.57% | -13.99% |
Max Drawdown (3Y)Largest decline over 3 years | -83.83% | — | — |
Max Drawdown (5Y)Largest decline over 5 years | -87.70% | — | — |
Max Drawdown (10Y)Largest decline over 10 years | -99.71% | — | — |
Current DrawdownCurrent decline from peak | -100.00% | -11.26% | -88.74% |
Average DrawdownAverage peak-to-trough decline | -99.12% | -6.99% | -92.13% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 15.97% | 8.59% | +7.38% |
Volatility
FAZ vs. GEV - Volatility Comparison
The current volatility for Direxion Daily Financial Bear 3X Shares (FAZ) is 12.94%, while GE Vernova Inc. (GEV) has a volatility of 19.86%. This indicates that FAZ experiences smaller price fluctuations and is considered to be less risky than GEV based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| FAZ | GEV | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 12.94% | 19.86% | -6.92% |
Volatility (6M)Calculated over the trailing 6-month period | 33.63% | 35.95% | -2.32% |
Volatility (1Y)Calculated over the trailing 1-year period | 44.06% | 52.08% | -8.02% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 55.56% | 54.17% | +1.39% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 61.85% | 54.17% | +7.68% |
Dividends
FAZ vs. GEV - Dividend Comparison
FAZ's dividend yield for the trailing twelve months is around 3.41%, more than GEV's 0.19% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 |
|---|---|---|---|---|---|---|---|---|---|
FAZ Direxion Daily Financial Bear 3X Shares | 3.41% | 5.07% | 7.34% | 4.88% | 0.00% | 0.00% | 0.62% | 1.63% | 0.56% |
GEV GE Vernova Inc. | 0.19% | 0.11% | 0.08% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
Frequently Asked Questions
FAZ and GEV have a correlation of -0.16, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
GEV has higher volatility (19.86%) compared to FAZ (12.94%). In terms of maximum drawdown, FAZ dropped -100.00% vs GEV's -38.29%.
GEV currently has the higher Sharpe Ratio (1.82 vs -0.48), 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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