Direxion Daily Financial Bull 3X ETF
AThis fund multiplies its index's move each day and resets that multiple daily. Because daily returns compound, its long-run return can differ from the headline multiple.
$151.29−1.95 (−1.27%)
- 0.92%
- $2.1B
- +4.2%
- 9.54%
- 0.5M sh
- $150.76
- low $106.91high $187.25
The ETF.net FAS Grade
A
Score 81 out of 100
- 1 of 31
Score 81 of 100 falls in the A band. A is 70 or higher, B 55 to under 70, C 40 to under 55, D 25 to under 40, F under 25.
Cost
The fund’s net expense ratio, ranked against its category.A97 out of 100Rank 1 of 31Mission
Whether the fund did what it promised, tested against its stated mandate.Risk
How the fund held up when markets fell: downside volatility, drawdowns and tail loss.B64 out of 100Rank 7 of 30Tradability
How easy the fund is to trade: daily volume, and how far its price strays from net asset value.A75 out of 100Rank 5 of 31Holdings
How concentrated the fund is, and how complete and current its disclosed holdings are.Durability
Whether the fund is likely to stay open, judged by its age, its assets and its issuer’s assets.B66 out of 100Rank 5 of 31
Our read on FAS
ALaunched in November 2008 with the banking system in flames, FAS is the veteran 3x trade on US financials. It aims to deliver three times the daily move of the Financial Select Sector Index, reset every single day.
The fund seeks a daily return equal to three times the performance of the Financial Select Sector Index, before fees and expenses. It is designed for a single-day objective rather than a multiple of the index’s cumulative return over longer periods.
Why people hold it
- Fee of 0.92% a year sits below the typical leveraged fund's, and undercuts the other top-graded names in its cohort, including ProShares' UYG at 0.94%.
- Actively traded and sized in the billions, so getting in and out is rarely the hard part. One of the more liquid implementations in the leveraged bull group.
- Running since 2008, which makes it one of the longest-lived leveraged sector funds on the tape, through credit crunches, zero rates, and rate shocks alike.
- One ticker, one decision: amplified daily exposure to the banks, brokers, and insurers in the Financial Select Sector Index.direxion.com
Worth knowing
- The 3x target resets daily. Hold through a choppy stretch and compounding can pull your result far from three times the index's move over that period.
- Leverage runs both directions: a rough day for financials lands three times as hard.
- It's a single sector. Rate policy, credit scares, and regulation drive the whole thing, so swings are sharper than a broad-market fund's.
FAS Holdings
- Stocks
- 88
- 78%
- Ixm Swap Asset Leg (Ixmmll)
Sectors
- Financials98.2%
- Technology1.6%
- Industrials0.2%
Geography
- United States96.74%
- Switzerland1.56%
- Ireland0.75%
- Bermuda0.59%
- United Kingdom0.36%
FAS Performance
Shows how $10,000 changes over the selected period, with cash distributions reinvested at the closing price on each ex-dividend date.
FAS$10,417
Returns run to the Oct 12, 2026 close, with cash distributions reinvested. Each period starts on the same date that many months or years earlier. Periods over one year show the average yearly return.
| Period | FAS |
|---|---|
| Year to date | −7.6% |
| 1 month | −11.3% |
| 3 months | −5.9% |
| 1 year | +4.2% |
| 3 years | +43.4% |
| 5 years | +7.1% |
| 10 years | +20.3% |
Calendar-year total return with cash distributions hypothetically reinvested at the ex-dividend date’s closing price. The current year shows year to date.
| Year | Return bar | FAS |
|---|---|---|
| 2026 YTD | −7.6% | |
| 2025 | +21.1% | |
| 2024 | +84.5% | |
| 2023 | +14.9% | |
| 2022 | −43.2% | |
| 2021 | +116.6% | |
| 2020 | −35.1% |
FAS in the news
FAS Dividends
- 9.54%
- $14.62
- $1.00 per share
- Quarterly
Distribution history
FAS Risk
This fund targets a multiple of the daily move of its index and resets daily. Hold it longer than one reset and compounding makes the return diverge from that target. In choppy markets it can lose value even when the index ends flat.
- 46.3%
How it’s calculated: standard deviation
The sample standard deviation of monthly total returns, multiplied by the square root of 12.
Uses up to 36 complete months, with at least 12 required. Total returns include reinvested distributions.
- 0.84
How it’s calculated: Sharpe ratio
Subtract each month’s Treasury-bill return from the fund’s monthly total return.
Divide the average of those excess returns by their sample standard deviation, then multiply by the square root of 12.
Uses up to 36 complete months, with at least 12 required. Each month uses the Treasury yield quoted at the end of the previous month.
- −66.9%
How it’s calculated: maximum drawdown
The largest percentage decline from an earlier peak, using total returns with reinvested distributions.
Uses up to five years through the last close, with at least 12 months required.
- 2.63
How it’s calculated: beta
The beta figure is supplied by FMP. The comparison index depends on the fund’s broad asset class.
FAS Cost
0.92%
FAS0.92%
- The middle half of 3x Leveraged Long funds
- Median 0.98%
1 of the 30 3x Leveraged Long funds charge less.
Other funds in 3x Leveraged Long
- AUDOWProShares - UltraPro Dow30Expense ratio 0.95%1 year return +33.2%
- ACUREDirexion Daily Healthcare Bull 3X ETFExpense ratio 0.94%1 year return +57.0%
- ADPSTDirexion Daily Regional Banks Bull 3X ETFExpense ratio 0.92%1 year return +29.9%
- ASOXLDirexion Daily Semiconductor Bull 3X ETFExpense ratio 0.91%1 year return +275.6%
- ATECLDirexion Daily Technology Bull 3X ETFExpense ratio 0.94%1 year return +108.8%