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 -17.74% vs 107.61% for GEV. At a correlation of -0.30, 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 1.40% return, which is significantly lower than GEV's 58.65% return.
FAZ
- 1D
- -1.75%
- 1M
- -12.03%
- YTD
- 1.40%
- 6M
- 5.46%
- 1Y
- -17.74%
- 3Y*
- -40.57%
- 5Y*
- -30.61%
- 10Y*
- -44.72%
GEV
- 1D
- -8.21%
- 1M
- -0.31%
- YTD
- 58.65%
- 6M
- 56.76%
- 1Y
- 107.61%
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
FAZ vs. GEV - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | |
|---|---|---|---|
FAZ Direxion Daily Financial Bear 3X Shares | 1.40% | -37.21% | -36.05% |
GEV GE Vernova Inc. | 58.65% | 99.02% | 186.24% |
Correlation
The correlation between FAZ and GEV is -0.19, 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 | -0.19 |
Correlation (All Time) Calculated using the full available price history since Mar 27, 2024 | -0.30 |
The correlation between FAZ and GEV shifts across timeframes, from -0.30 (all time) to -0.19 (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 | -2.55 | ||
| Sortino ratioReturn per unit of downside risk | -3.19 | ||
| Omega ratioGain probability vs. loss probability | 0.96 | 1.35 | -0.39 |
| Calmar ratioReturn relative to maximum drawdown | -0.56 | 4.40 | -4.97 |
| Martin ratioReturn relative to average drawdown | -1.26 | 12.77 | -14.04 |
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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 | -31.57% | -24.57% | -7.00% |
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% | -9.92% | -90.08% |
Average DrawdownAverage peak-to-trough decline | -99.12% | -7.01% | -92.11% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 14.64% | 8.45% | +6.19% |
Volatility
FAZ vs. GEV - Volatility Comparison
The current volatility for Direxion Daily Financial Bear 3X Shares (FAZ) is 12.48%, while GE Vernova Inc. (GEV) has a volatility of 17.74%. 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 | 12.48% | 17.74% | -5.26% |
Volatility (6M)Calculated over the trailing 6-month period | 33.25% | 34.20% | -0.95% |
Volatility (1Y)Calculated over the trailing 1-year period | 43.64% | 50.61% | -6.97% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 55.67% | 54.00% | +1.67% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 61.93% | 54.00% | +7.93% |
Dividends
FAZ vs. GEV - Dividend Comparison
FAZ's dividend yield for the trailing twelve months is around 3.35%, more than GEV's 0.19% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 |
|---|---|---|---|---|---|---|---|---|---|
FAZ Direxion Daily Financial Bear 3X Shares | 3.35% | 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 -0.19, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
GEV has higher volatility (17.74%) compared to FAZ (12.48%). In terms of maximum drawdown, FAZ dropped -100.00% vs GEV's -38.29%.
GEV currently has the higher Sharpe Ratio (2.14 vs -0.41), 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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