PLGO vs. FAS
PLGO (Pelagos Insurance Capital Limited) is a stock, while FAS (Direxion Daily Financial Bull 3X Shares) is Leveraged Equities fund tracking the Russell 1000 Financial Services Index (300%). Over the past year, PLGO returned 55.79% vs -0.01% for FAS. At a 0.42 correlation, their price movements are largely independent.
Performance
PLGO vs. FAS - Performance Comparison
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Returns By Period
In the year-to-date period, PLGO achieves a 23.23% return, which is significantly higher than FAS's -12.41% return.
PLGO
- 1D
- -0.54%
- 1M
- 5.61%
- YTD
- 23.23%
- 6M
- 22.91%
- 1Y
- 55.79%
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
FAS
- 1D
- -1.57%
- 1M
- 9.03%
- YTD
- -12.41%
- 6M
- -17.05%
- 1Y
- -0.01%
- 3Y*
- 41.19%
- 5Y*
- 8.51%
- 10Y*
- 23.27%
PLGO vs. FAS - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | |
|---|---|---|---|---|
PLGO Pelagos Insurance Capital Limited | 23.23% | 11.20% | 46.32% | -3.28% |
FAS Direxion Daily Financial Bull 3X Shares | -12.41% | 21.48% | 84.47% | 41.11% |
Correlation
The correlation between PLGO and FAS is 0.38, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.38 |
Correlation (All Time) Calculated using the full available price history since Jun 29, 2023 | 0.42 |
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Return for Risk
PLGO vs. FAS — Risk / Return Rank
PLGO
FAS
PLGO vs. FAS - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Pelagos Insurance Capital Limited (PLGO) and Direxion Daily Financial Bull 3X Shares (FAS). 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.
| PLGO | FAS | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +1.95 | ||
| Sortino ratioReturn per unit of downside risk | +2.79 | ||
| Omega ratioGain probability vs. loss probability | 1.37 | 1.04 | +0.33 |
| Calmar ratioReturn relative to maximum drawdown | 4.79 | -0.00 | +4.79 |
| Martin ratioReturn relative to average drawdown | 14.30 | -0.00 | +14.30 |
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Drawdowns
PLGO vs. FAS - Drawdown Comparison
The maximum PLGO drawdown since its inception was -29.91%, smaller than the maximum FAS drawdown of -91.61%. Use the drawdown chart below to compare losses from any high point for PLGO and FAS.
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Drawdown Indicators
| PLGO | FAS | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -29.91% | -91.61% | +61.70% |
Max Drawdown (1Y)Largest decline over 1 year | -11.70% | -40.88% | +29.18% |
Max Drawdown (3Y)Largest decline over 3 years | — | -43.10% | — |
Max Drawdown (5Y)Largest decline over 5 years | — | -66.88% | — |
Max Drawdown (10Y)Largest decline over 10 years | — | -85.99% | — |
Current DrawdownCurrent decline from peak | -0.54% | -19.63% | +19.09% |
Average DrawdownAverage peak-to-trough decline | -10.51% | -31.10% | +20.59% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 3.91% | 18.25% | -14.34% |
Volatility
PLGO vs. FAS - Volatility Comparison
The current volatility for Pelagos Insurance Capital Limited (PLGO) is 7.87%, while Direxion Daily Financial Bull 3X Shares (FAS) has a volatility of 12.50%. This indicates that PLGO experiences smaller price fluctuations and is considered to be less risky than FAS based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| PLGO | FAS | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 7.87% | 12.50% | -4.63% |
Volatility (6M)Calculated over the trailing 6-month period | 21.43% | 33.26% | -11.83% |
Volatility (1Y)Calculated over the trailing 1-year period | 28.72% | 43.04% | -14.32% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 32.08% | 55.31% | -23.23% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 32.08% | 61.16% | -29.08% |
Dividends
PLGO vs. FAS - Dividend Comparison
PLGO's dividend yield for the trailing twelve months is around 2.52%, less than FAS's 9.58% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 |
|---|---|---|---|---|---|---|---|---|---|---|
FAS Direxion Daily Financial Bull 3X Shares | 9.58% | 8.21% | 0.76% | 1.77% | 0.91% | 0.60% | 0.47% | 0.62% | 1.43% | 0.11% |
PLGO Pelagos Insurance Capital Limited | 2.52% | 2.55% | 2.21% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
Frequently Asked Questions
PLGO and FAS have a correlation of 0.38, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
FAS has higher volatility (12.50%) compared to PLGO (7.87%). In terms of maximum drawdown, PLGO dropped -29.91% vs FAS's -91.61%.
PLGO currently has the higher Sharpe Ratio (1.95 vs -0.00), 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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