Correlation
The correlation between UYG and FAS is 0.84, which is considered to be high. That indicates a strong positive relationship between their price movements. Having highly-correlated positions in a portfolio may signal a lack of diversification, potentially leading to increased risk during market downturns.
UYG vs. FAS
Compare and contrast key facts about ProShares Ultra Financials (UYG) and Direxion Daily Financial Bull 3X Shares (FAS).
UYG and FAS are both exchange-traded funds (ETFs), meaning they are traded on stock exchanges and can be bought and sold throughout the day. UYG is a passively managed fund by ProShares that tracks the performance of the Dow Jones U.S. Financials Index (200%). It was launched on Jan 30, 2007. FAS is a passively managed fund by Direxion that tracks the performance of the Russell 1000 Financial Services Index (300%). It was launched on Nov 6, 2008. Both UYG and FAS are passive ETFs, meaning that they are not actively managed but aim to replicate the performance of the underlying index as closely as possible.
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: UYG or FAS.
Performance
UYG vs. FAS - Performance Comparison
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Key characteristics
UYG:
1.08
FAS:
0.96
UYG:
1.44
FAS:
1.39
UYG:
1.21
FAS:
1.20
UYG:
0.98
FAS:
1.13
UYG:
4.40
FAS:
3.68
UYG:
8.65%
FAS:
13.25%
UYG:
40.74%
FAS:
60.64%
UYG:
-97.90%
FAS:
-94.81%
UYG:
-11.12%
FAS:
-16.08%
Returns By Period
In the year-to-date period, UYG achieves a 5.56% return, which is significantly higher than FAS's 3.16% return. Over the past 10 years, UYG has underperformed FAS with an annualized return of 15.11%, while FAS has yielded a comparatively higher 18.04% annualized return.
UYG
5.56%
8.17%
-6.28%
43.66%
19.19%
26.97%
15.11%
FAS
3.16%
12.29%
-13.91%
57.79%
21.18%
38.46%
18.04%
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UYG vs. FAS - Expense Ratio Comparison
UYG has a 0.95% expense ratio, which is lower than FAS's 1.00% expense ratio.
Risk-Adjusted Performance
UYG vs. FAS — Risk-Adjusted Performance Rank
UYG
FAS
UYG vs. FAS - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for ProShares Ultra Financials (UYG) 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.
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Dividends
UYG vs. FAS - Dividend Comparison
UYG's dividend yield for the trailing twelve months is around 0.74%, less than FAS's 0.79% yield.
| TTM | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
UYG ProShares Ultra Financials | 0.74% | 0.51% | 0.79% | 0.77% | 4.82% | 0.66% | 0.89% | 1.28% | 0.56% | 0.76% | 0.72% | 0.57% |
FAS Direxion Daily Financial Bull 3X Shares | 0.79% | 0.76% | 1.77% | 0.91% | 0.60% | 0.47% | 0.62% | 1.43% | 0.11% | 0.00% | 0.00% | 0.00% |
Drawdowns
UYG vs. FAS - Drawdown Comparison
The maximum UYG drawdown since its inception was -97.90%, roughly equal to the maximum FAS drawdown of -94.81%. Use the drawdown chart below to compare losses from any high point for UYG and FAS.
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Volatility
UYG vs. FAS - Volatility Comparison
The current volatility for ProShares Ultra Financials (UYG) is 8.97%, while Direxion Daily Financial Bull 3X Shares (FAS) has a volatility of 13.17%. This indicates that UYG 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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