FAZ vs. OAKM
FAZ (Direxion Daily Financial Bear 3X Shares) and OAKM (Oakmark U.S. Large Cap ETF) are both exchange-traded funds - FAZ is a Leveraged Equities fund tracking the Russell 1000 Financial Services Index (-300%), while OAKM is a Large Cap Value Equities fund actively managed by Oakmark. FAZ is passively managed, while OAKM is actively managed. Over the past year, FAZ returned -27.65% vs 20.02% for OAKM. Their -0.84 correlation means they have often moved in opposite directions in the past. FAZ charges 1.07%/yr vs 0.59%/yr for OAKM.
Performance
FAZ vs. OAKM - Performance Comparison
Loading charts...
Returns By Period
In the year-to-date period, FAZ achieves a -13.28% return, which is significantly lower than OAKM's 6.38% return.
FAZ
- 1D
- 0.43%
- 1M
- -6.62%
- 6M
- -19.32%
- YTD
- -13.28%
- 1Y
- -27.65%
- 3Y*
- -39.34%
- 5Y*
- -32.28%
- 10Y*
- -44.48%
- ALL TIME*
- -53.80%
OAKM
- 1D
- -0.30%
- 1M
- 3.57%
- 6M
- 6.12%
- YTD
- 6.38%
- 1Y
- 20.02%
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
- ALL TIME*
- 13.03%
Liquidity Comparison
| Position | Avg. Volume Value (2W) | Avg. Volume Value (1M) | Avg. Volume Value (3M) |
|---|---|---|---|
| $19.80M | $17.81M | $19.33M | |
| $4.67M | $4.31M | $6.02M |
FAZ vs. OAKM - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | |
|---|---|---|---|
FAZ Direxion Daily Financial Bear 3X Shares | -13.28% | -37.21% | 15.95% |
OAKM Oakmark U.S. Large Cap ETF | 6.38% | 21.46% | -5.20% |
Correlation
The correlation between FAZ and OAKM is -0.81, meaning they have often moved in opposite directions in the past. This relationship can weaken or reverse as market conditions change.
| Correlation | |
|---|---|
Correlation (1Y) Focuses on recent behavior, but can change the most. | -0.81 |
Correlation (All Time) Calculated using the full available price history since Dec 3, 2024 | -0.84 |
The correlation between FAZ and OAKM has been stable across timeframes, ranging from -0.84 to -0.81 - 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.
Return for Risk
FAZ vs. OAKM — Risk / Return Rank
FAZ
OAKM
FAZ vs. OAKM - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Direxion Daily Financial Bear 3X Shares (FAZ) and Oakmark U.S. Large Cap ETF (OAKM). 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 | OAKM | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -1.84 | ||
| Sortino ratioReturn per unit of downside risk | -2.50 | ||
| Omega ratioGain probability vs. loss probability | 0.94 | 1.23 | -0.30 |
| Calmar ratioReturn relative to maximum drawdown | -0.56 | 2.44 | -3.00 |
| Martin ratioReturn relative to average drawdown | -1.29 | 6.15 | -7.44 |
Loading charts...
Drawdowns
FAZ vs. OAKM - Drawdown Comparison
The maximum FAZ drawdown since its inception was -100.00%, which is greater than OAKM's maximum drawdown of -15.24%. Use the drawdown chart below to compare losses from any high point for FAZ and OAKM.
Loading charts...
Drawdown Indicators
| FAZ | OAKM | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -100.00% | -15.24% | -84.76% |
Max Drawdown (1Y)Largest decline over 1 year | -42.80% | -7.19% | -35.61% |
Max Drawdown (3Y)Largest decline over 3 years | -84.95% | — | — |
Max Drawdown (5Y)Largest decline over 5 years | -88.55% | — | — |
Max Drawdown (10Y)Largest decline over 10 years | -99.72% | — | — |
Current DrawdownCurrent decline from peak | -100.00% | -0.40% | -99.60% |
Average DrawdownAverage peak-to-trough decline | -99.12% | -2.70% | -96.42% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 18.45% | 2.86% | +15.59% |
Volatility
FAZ vs. OAKM - Volatility Comparison
Direxion Daily Financial Bear 3X Shares (FAZ) has a higher volatility of 11.94% compared to Oakmark U.S. Large Cap ETF (OAKM) at 4.28%. This indicates that FAZ's price experiences larger fluctuations and is considered to be riskier than OAKM based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
Loading charts...
Volatility by Period
| FAZ | OAKM | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 11.94% | 4.28% | +7.66% |
Volatility (6M)Calculated over the trailing 6-month period | 32.77% | 9.67% | +23.10% |
Volatility (1Y)Calculated over the trailing 1-year period | 44.05% | 13.56% | +30.49% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 55.31% | 16.31% | +39.00% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 61.87% | 16.31% | +45.56% |
FAZ vs. OAKM - Expense Ratio Comparison
FAZ has a 1.07% expense ratio, which is higher than OAKM's 0.59% expense ratio.
Dividends
FAZ vs. OAKM - Dividend Comparison
FAZ's dividend yield for the trailing twelve months is around 3.57%, more than OAKM's 0.63% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 |
|---|---|---|---|---|---|---|---|---|---|
FAZ Direxion Daily Financial Bear 3X Shares | 3.57% | 5.07% | 7.34% | 4.88% | 0.00% | 0.00% | 0.62% | 1.63% | 0.56% |
OAKM Oakmark U.S. Large Cap ETF | 0.63% | 0.67% | 0.04% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
Frequently Asked Questions
FAZ and OAKM have a correlation of -0.81, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
FAZ has higher volatility (11.94%) compared to OAKM (4.28%). In terms of maximum drawdown, FAZ dropped -100.00% vs OAKM's -15.24%.
On 1-year performance, OAKM leads with 20.02% vs -27.65% for FAZ. On fees, OAKM is cheaper at 0.59% per year. On volatility, OAKM has been the lower-risk option at 4.28%. The better choice depends on whether you care most about return, fees, risk, or income.
Over the 1-year period, OAKM has performed better with a 20.02% return vs -27.65%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.
OAKM is cheaper with a 0.59% expense ratio, compared with 1.07% for FAZ.
FAZ has the higher dividend yield at 3.57%, compared with 0.63% for OAKM.
FAZ is categorized as Leveraged Equities, while OAKM is Large Cap Value Equities. They also come from different issuers: Direxion and Oakmark. Their fees differ too: 1.07% for FAZ and 0.59% for OAKM.
OAKM currently has the higher Sharpe Ratio (1.30 vs -0.54), 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.
Find the right allocation for FAZ and OAKM
Add both to a portfolio and optimize allocations for your target — whether that's maximizing returns, minimizing drawdowns, or balancing risk across holdings.
Open Portfolio Optimizer