FAZ vs. NTSD

Last updated Jun 4, 2026

FAZ (Direxion Daily Financial Bear 3X Shares) and NTSD (WisdomTree Efficient U.S. Plus International Equity Fund) are both Leveraged Equities funds. FAZ is passively managed, while NTSD is actively managed. At a correlation of -0.47, they often move in opposite directions. FAZ charges 1.07%/yr vs 0.35%/yr for NTSD.

Performance

FAZ vs. NTSD - Performance Comparison

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

Returns By Period

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%

NTSD

• 1D: -1.11%
• 1M: 7.13%
• YTD: —
• 6M: —
• 1Y: —
• 3Y*: —
• 5Y*: —
• 10Y*: —

*Multi-year figures are annualized to reflect compound growth (CAGR)

FAZ vs. NTSD - Yearly Performance Comparison

	2026 (YTD)
FAZ Direxion Daily Financial Bear 3X Shares	-11.53%
NTSD WisdomTree Efficient U.S. Plus International Equity Fund	17.91%

Correlation

The correlation between FAZ and NTSD is -0.47, 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 Mar 20, 2026	-0.47

Return for Risk

FAZ vs. NTSD — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.

FAZ

FAZ Risk / Return Rank: 9
FAZ Sharpe Ratio Rank: 9
FAZ Sortino Ratio Rank: 10
FAZ Omega Ratio Rank: 10
FAZ Calmar Ratio Rank: 9
FAZ Martin Ratio Rank: 9

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. NTSD - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Direxion Daily Financial Bear 3X Shares (FAZ) and WisdomTree Efficient U.S. Plus International Equity Fund (NTSD). 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	NTSD	Difference
Sharpe ratio Return per unit of total volatility	0.01	—	—
Sortino ratio Return per unit of downside risk	0.34	—	—
Omega ratio Gain probability vs. loss probability	1.04	—	—
Calmar ratio Return relative to maximum drawdown	0.02	—	—
Martin ratio Return 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.

Sharpe Ratios by Period

	FAZ	NTSD	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	5.08	-5.80

Drawdowns

FAZ vs. NTSD - Drawdown Comparison

The maximum FAZ drawdown since its inception was -100.00%, which is greater than NTSD's maximum drawdown of -5.20%. Use the drawdown chart below to compare losses from any high point for FAZ and NTSD.

Drawdown Indicators

	FAZ	NTSD	Difference
Max Drawdown Largest peak-to-trough decline	-100.00%	-5.20%	-94.80%
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 Drawdown Current decline from peak	-100.00%	-1.11%	-98.89%
Average Drawdown Average peak-to-trough decline	-99.14%	-0.84%	-98.30%
Ulcer Index Depth and duration of drawdowns from previous peaks	16.58%	—	—

Volatility

Volatility by Period

	FAZ	NTSD	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%	24.28%	+18.81%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	55.83%	24.28%	+31.55%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	62.07%	24.28%	+37.79%

FAZ vs. NTSD - Expense Ratio Comparison

FAZ has a 1.07% expense ratio, which is higher than NTSD's 0.35% expense ratio.

Dividends

FAZ vs. NTSD - Dividend Comparison

FAZ's dividend yield for the trailing twelve months is around 2.77%, while NTSD has not paid dividends to shareholders.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018
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%
NTSD WisdomTree Efficient U.S. Plus International Equity Fund	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%

Frequently Asked Questions

Can I hold both FAZ and NTSD in my portfolio?

FAZ and NTSD have a correlation of -0.47, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which ETF is better, FAZ or NTSD?

On fees, NTSD is cheaper at 0.35% per year. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF is cheaper, FAZ or NTSD?

NTSD is cheaper with a 0.35% expense ratio, compared with 1.07% for FAZ.

Which ETF pays a higher dividend yield, FAZ or NTSD?

FAZ has the higher dividend yield at 2.77%, compared with 0.00% for NTSD.

What is the main difference between FAZ and NTSD?

They also come from different issuers: Direxion and WisdomTree. Their fees differ too: 1.07% for FAZ and 0.35% for NTSD.