FAZ vs. VLLU
FAZ (Direxion Daily Financial Bear 3X Shares) and VLLU (Harbor AlphaEdge Large Cap Value ETF) are both exchange-traded funds - FAZ is a Leveraged Equities fund tracking the Russell 1000 Financial Services Index (-300%), while VLLU is a Large Cap Value Equities fund tracking the Harbor AlphaEdge Large Cap Value Index. Both are passively managed. Over the past year, FAZ returned -12.45% vs 24.32% for VLLU. At a correlation of -0.80, they often move in opposite directions. FAZ charges 1.07%/yr vs 0.25%/yr for VLLU.
Performance
FAZ vs. VLLU - Performance Comparison
Loading charts...
Returns By Period
In the year-to-date period, FAZ achieves a 2.92% return, which is significantly lower than VLLU's 11.38% return.
FAZ
- 1D
- 0.85%
- 1M
- -10.71%
- YTD
- 2.92%
- 6M
- 8.72%
- 1Y
- -12.45%
- 3Y*
- -40.27%
- 5Y*
- -29.87%
- 10Y*
- -44.64%
VLLU
- 1D
- -1.09%
- 1M
- 2.18%
- YTD
- 11.38%
- 6M
- 10.08%
- 1Y
- 24.32%
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
FAZ vs. VLLU - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | |
|---|---|---|---|
FAZ Direxion Daily Financial Bear 3X Shares | 2.92% | -37.21% | -18.40% |
VLLU Harbor AlphaEdge Large Cap Value ETF | 11.38% | 17.35% | 1.89% |
Correlation
The correlation between FAZ and VLLU is -0.74, 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 | -0.74 |
Correlation (All Time) Calculated using the full available price history since Sep 5, 2024 | -0.80 |
The correlation between FAZ and VLLU has been stable across timeframes, ranging from -0.80 to -0.74 - 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. VLLU — Risk / Return Rank
FAZ
VLLU
FAZ vs. VLLU - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Direxion Daily Financial Bear 3X Shares (FAZ) and Harbor AlphaEdge Large Cap Value ETF (VLLU). 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 | VLLU | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -2.46 | ||
| Sortino ratioReturn per unit of downside risk | -3.28 | ||
| Omega ratioGain probability vs. loss probability | 0.98 | 1.38 | -0.40 |
| Calmar ratioReturn relative to maximum drawdown | -0.40 | 3.86 | -4.25 |
| Martin ratioReturn relative to average drawdown | -0.88 | 13.98 | -14.86 |
Loading charts...
Drawdowns
FAZ vs. VLLU - Drawdown Comparison
The maximum FAZ drawdown since its inception was -100.00%, which is greater than VLLU's maximum drawdown of -16.62%. Use the drawdown chart below to compare losses from any high point for FAZ and VLLU.
Loading charts...
Drawdown Indicators
| FAZ | VLLU | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -100.00% | -16.62% | -83.38% |
Max Drawdown (1Y)Largest decline over 1 year | -31.57% | -6.33% | -25.24% |
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% | -1.20% | -98.80% |
Average DrawdownAverage peak-to-trough decline | -99.12% | -2.41% | -96.71% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 14.19% | 1.74% | +12.45% |
Volatility
FAZ vs. VLLU - Volatility Comparison
Direxion Daily Financial Bear 3X Shares (FAZ) has a higher volatility of 12.52% compared to Harbor AlphaEdge Large Cap Value ETF (VLLU) at 3.94%. This indicates that FAZ's price experiences larger fluctuations and is considered to be riskier than VLLU based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
Loading charts...
Volatility by Period
| FAZ | VLLU | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 12.52% | 3.94% | +8.58% |
Volatility (6M)Calculated over the trailing 6-month period | 33.19% | 8.46% | +24.73% |
Volatility (1Y)Calculated over the trailing 1-year period | 43.47% | 11.23% | +32.24% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 55.65% | 14.82% | +40.83% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 61.92% | 14.82% | +47.10% |
FAZ vs. VLLU - Expense Ratio Comparison
FAZ has a 1.07% expense ratio, which is higher than VLLU's 0.25% expense ratio.
Dividends
FAZ vs. VLLU - Dividend Comparison
FAZ's dividend yield for the trailing twelve months is around 3.01%, more than VLLU's 1.36% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 |
|---|---|---|---|---|---|---|---|---|---|
FAZ Direxion Daily Financial Bear 3X Shares | 3.01% | 5.07% | 7.34% | 4.88% | 0.00% | 0.00% | 0.62% | 1.63% | 0.56% |
VLLU Harbor AlphaEdge Large Cap Value ETF | 1.36% | 1.52% | 0.90% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
Frequently Asked Questions
FAZ and VLLU have a correlation of -0.74, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
FAZ has higher volatility (12.52%) compared to VLLU (3.94%). In terms of maximum drawdown, FAZ dropped -100.00% vs VLLU's -16.62%.
On 1-year performance, VLLU leads with 24.32% vs -12.45% for FAZ. On fees, VLLU is cheaper at 0.25% per year. On volatility, VLLU has been the lower-risk option at 3.94%. The better choice depends on whether you care most about return, fees, risk, or income.
Over the 1-year period, VLLU has performed better with a 24.32% return vs -12.45%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.
VLLU is cheaper with a 0.25% expense ratio, compared with 1.07% for FAZ.
FAZ has the higher dividend yield at 3.01%, compared with 1.36% for VLLU.
FAZ is categorized as Leveraged Equities, while VLLU is Large Cap Value Equities. FAZ tracks Russell 1000 Financial Services Index (-300%), while VLLU tracks Harbor AlphaEdge Large Cap Value Index. They also come from different issuers: Direxion and Harbor. Their fees differ too: 1.07% for FAZ and 0.25% for VLLU.
VLLU currently has the higher Sharpe Ratio (2.18 vs -0.29), 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 VLLU
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