TPOR vs. FAAR
TPOR (Direxion Daily Transportation Bull 3X Shares) and FAAR (First Trust Alternative Absolute Return Strategy ETF) are both exchange-traded funds - TPOR is a Leveraged Equities fund tracking the Dow Jones Transportation Average Index (300%), while FAAR is a Commodities fund actively managed by First Trust. TPOR is passively managed, while FAAR is actively managed. Over the past 5 years, TPOR returned -0.87%/yr vs 7.72%/yr for FAAR. At a 0.04 correlation, their price movements are largely independent. TPOR charges 1.01%/yr vs 0.95%/yr for FAAR.
Performance
TPOR vs. FAAR - Performance Comparison
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Returns By Period
In the year-to-date period, TPOR achieves a 28.21% return, which is significantly higher than FAAR's 19.14% return.
TPOR
- 1D
- -2.19%
- 1M
- 7.81%
- YTD
- 28.21%
- 6M
- 23.96%
- 1Y
- 67.02%
- 3Y*
- 13.97%
- 5Y*
- -0.87%
- 10Y*
- —
FAAR
- 1D
- -0.91%
- 1M
- -5.21%
- YTD
- 19.14%
- 6M
- 18.06%
- 1Y
- 28.33%
- 3Y*
- 10.57%
- 5Y*
- 7.72%
- 10Y*
- 4.69%
TPOR vs. FAAR - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
TPOR Direxion Daily Transportation Bull 3X Shares | 28.21% | 3.26% | -9.12% | 54.60% | -58.70% | 105.18% | -7.30% | 47.92% | -44.95% | 51.65% |
FAAR First Trust Alternative Absolute Return Strategy ETF | 19.14% | 8.07% | 5.97% | -5.63% | 10.15% | 12.34% | 8.60% | -1.28% | -9.17% | 3.31% |
Correlation
The correlation between TPOR and FAAR is -0.11, 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 | -0.11 |
Correlation (3Y) Calculated over the trailing 3-year period | -0.04 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.00 |
Correlation (All Time) Calculated using the full available price history since May 3, 2017 | 0.04 |
The correlation between TPOR and FAAR shifts across timeframes, from -0.11 (1 year) to 0.04 (all time), reflecting how their relationship changes across market environments.
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Return for Risk
TPOR vs. FAAR — Risk / Return Rank
TPOR
FAAR
TPOR vs. FAAR - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Direxion Daily Transportation Bull 3X Shares (TPOR) and First Trust Alternative Absolute Return Strategy ETF (FAAR). 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.
| TPOR | FAAR | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -1.04 | ||
| Sortino ratioReturn per unit of downside risk | -1.39 | ||
| Omega ratioGain probability vs. loss probability | 1.21 | 1.37 | -0.16 |
| Calmar ratioReturn relative to maximum drawdown | 1.98 | 4.52 | -2.54 |
| Martin ratioReturn relative to average drawdown | 5.63 | 15.18 | -9.55 |
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Drawdowns
TPOR vs. FAAR - Drawdown Comparison
The maximum TPOR drawdown since its inception was -87.59%, which is greater than FAAR's maximum drawdown of -18.03%. Use the drawdown chart below to compare losses from any high point for TPOR and FAAR.
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Drawdown Indicators
| TPOR | FAAR | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -87.59% | -18.03% | -69.56% |
Max Drawdown (1Y)Largest decline over 1 year | -34.00% | -6.29% | -27.71% |
Max Drawdown (3Y)Largest decline over 3 years | -64.11% | -11.54% | -52.57% |
Max Drawdown (5Y)Largest decline over 5 years | -74.08% | -18.03% | -56.05% |
Max Drawdown (10Y)Largest decline over 10 years | — | -18.03% | — |
Current DrawdownCurrent decline from peak | -31.66% | -6.29% | -25.37% |
Average DrawdownAverage peak-to-trough decline | -38.63% | -7.82% | -30.81% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 11.94% | 1.87% | +10.07% |
Volatility
TPOR vs. FAAR - Volatility Comparison
Direxion Daily Transportation Bull 3X Shares (TPOR) has a higher volatility of 20.81% compared to First Trust Alternative Absolute Return Strategy ETF (FAAR) at 2.55%. This indicates that TPOR's price experiences larger fluctuations and is considered to be riskier than FAAR based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| TPOR | FAAR | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 20.81% | 2.55% | +18.26% |
Volatility (6M)Calculated over the trailing 6-month period | 47.27% | 9.68% | +37.59% |
Volatility (1Y)Calculated over the trailing 1-year period | 60.65% | 13.38% | +47.27% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 68.03% | 12.96% | +55.07% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 70.97% | 11.54% | +59.43% |
TPOR vs. FAAR - Expense Ratio Comparison
TPOR has a 1.01% expense ratio, which is higher than FAAR's 0.95% expense ratio.
Dividends
TPOR vs. FAAR - Dividend Comparison
TPOR's dividend yield for the trailing twelve months is around 0.71%, less than FAAR's 9.66% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 |
|---|---|---|---|---|---|---|---|---|---|---|
FAAR First Trust Alternative Absolute Return Strategy ETF | 9.66% | 11.63% | 3.45% | 3.20% | 5.82% | 6.49% | 3.05% | 1.02% | 0.58% | 2.83% |
TPOR Direxion Daily Transportation Bull 3X Shares | 0.71% | 0.91% | 1.43% | 1.51% | 0.00% | 0.00% | 0.10% | 0.96% | 1.22% | 8.70% |
Frequently Asked Questions
TPOR and FAAR have a correlation of -0.11, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
TPOR has higher volatility (20.81%) compared to FAAR (2.55%). In terms of maximum drawdown, TPOR dropped -87.59% vs FAAR's -18.03%.
On 5-year performance, FAAR leads with 7.72% vs -0.87% for TPOR. On fees, FAAR is cheaper at 0.95% per year. On volatility, FAAR has been the lower-risk option at 2.55%. The better choice depends on whether you care most about return, fees, risk, or income.
Over the 5-year period, FAAR has performed better with a 7.72% return vs -0.87%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.
FAAR is cheaper with a 0.95% expense ratio, compared with 1.01% for TPOR.
FAAR has the higher dividend yield at 9.66%, compared with 0.71% for TPOR.
TPOR is categorized as Leveraged Equities, while FAAR is Commodities. They also come from different issuers: Direxion and First Trust. Their fees differ too: 1.01% for TPOR and 0.95% for FAAR.
FAAR currently has the higher Sharpe Ratio (2.15 vs 1.11), 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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