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DRN vs FAS

Direxion Daily Real Estate Bull 3X ETF

DRNCNYSE Arca

Direxion Daily Financial Bull 3X ETF

FASANYSE Arca

Overlap

Expense ratio

FAS −0.10pt a year

DRN0.98%FAS0.88%

Avg volume · 30D

DRN 3.1×the volume

DRN1.26MFAS413K

10Y return · a year

FAS +25.5pt

DRN−4.6%FAS+20.9%

DRN vs FAS Performance

Oct 29, 2021 – Oct 30, 2026

−57.1%DRN+31.4%FAS

Oct 29, 2021 to Oct 30, 2026. DRN −57.1%. FAS +31.4%. Use the arrow keys to read each point.−75%−25%0%50%Oct 2021Apr 2024Oct 2026
Expense ratio
DRN 0.98%
FAS 0.88%, better
Fund size
DRN $43M
FAS $2.17B
1Y total return
DRN +11.3%
FAS +12.3%, better
Yield (12M)
DRN 2.34%
FAS 8.87%, better
Holdings
DRN 35
FAS 87
Avg volume (30D)
DRN 1.26M sh, better
FAS 413K sh
NAV per share
DRN $9.51
FAS $168.18
52W range

ETF.net Grade

DRN: Cost 38, Risk 61, Mission not scored, Tradability 42, Holdings not scored, Durability 44. FAS: Cost 92, Risk 69, Mission not scored, Tradability 73, Holdings not scored, Durability 66.
Pillar letters and Scores for DRN, FAS, with each pillar’s weight
PillarDRNFAS
Cost30% weightD38A92Higher
Mission25% weightNot scoredNot scored
Risk15% weightB61B69Higher
Tradability15% weightC42A73Higher
Holdings10% weightNot scoredNot scored
Durability5% weightC44B66Higher

Rank among 3x Leveraged Long funds

How we build Categories ›
Same Category. Both funds are graded against the same funds, so their Grades compare head to head.

Same Category. DRN and FAS are both graded against the same 30 3x Leveraged Long funds, so their Grades compare head to head.

3x Leveraged Long⁠

Category · 30 funds
See all 30 ›

FAS ranks 3rd and DRN 18th of 30 funds in the 3x Leveraged Long Category.

  1. Rank 1ATQQQProShares UltraPro QQQScore 86
  2. Rank 2AUDOWProShares UltraPro Dow30Score 81
  3. Rank 3AFASDirexion Daily Financial Bull 3X ETFScore 80
  4. Rank 4ASOXLDirexion Daily Semiconductor Bull 3X ETFScore 76
  5. Rank 16CNAILDirexion Daily Homebuilders & Supplies Bull 3X ETFScore 45
  6. Rank 18CDRNDirexion Daily Real Estate Bull 3X ETFScore 44
  7. Rank 19CMIDUDirexion Daily Mid Cap Bull 3X ETFScore 42

Our read on each fund

ETF.net Research

DRNCDirexion Daily Real Estate Bull 3X ETF

FASADirexion Daily Financial Bull 3X ETF

In short

DRN Leveraged trading tools cluster around tech and banks. DRN has run 3x daily exposure to the S&P 500's real estate sector since 2009, a rare lever on landlords, malls and data centers.

FAS Born in November 2008 with the banking system on fire, FAS aims to deliver three times the daily move of the Financial Select Sector Index. A one-day tool on roughly 80 financial stocks, built around a single-day objective.

Stated mandate

DRN The fund seeks daily investment results, before fees and expenses, equal to 300% of the performance of the Real Estate Select Sector Index.

FAS 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

  • DRN Aims for 300% of the Real Estate Select Sector Index's daily move: a leveraged handle on REITs and property operators, not the usual tech or broad-index trade.direxion.com
  • 0.98% a year, under the median fee for leveraged funds. Not cheap in absolute terms, but priced at the low end of a pricey category.
  • Actively traded for a niche leveraged product, so getting in and out is usually the easy part of the trade.
  • Running since 2009, through the entire post-crisis property cycle, and paired with a mirror bear fund for the other side of the view.direxion.com
  • FAS Launched in November 2008, into the crisis itself, and still one of the strongest implementations in its 3x peer group.
  • Costs 0.88% net of a waiver through September 1, 2027 (0.92% gross), below the median for 3x leveraged funds.
  • A multi-billion-dollar fund that trades steadily, so the leverage arrives in a reasonably liquid wrapper.
  • Straightforward plumbing: 3x the daily move of one named large-cap financials index, about 80 stocks, no stock-picking overlay.

Worth knowing

  • DRN The leverage resets every day. Over longer stretches, compounding takes charge, and a choppy market can leave results far from 3x the index move.direxion.com
  • One sector, roughly 40 names, then tripled. Concentration is the whole point, and it works in both directions.
  • A near-1% fee is heavy next to plain real estate index funds; that is the cost of the swap-based leverage wrapper.direxion.com
  • FAS The 3x goal resets every day. Hold longer and compounding can push results away from three times the index's move over that stretch, especially in choppy markets.
  • Leverage runs both directions: down days are magnified just as sharply, and this is one sector in one direction with no diversification cushion.
  • Not the cheapest 3x on the shelf: SOXL runs 0.75% and TQQQ 0.78%, each net of waivers through September 1, 2027 and September 30, 2027.

Full DRN profile⁠

Full FAS profile⁠

DRN vs FAS Holdings

How we measure overlap

Each holding counts at its smaller weight in the two funds, summed over the full Holdings. Sector, country and asset class use the same rule on each fund’s split. Cash, FX and derivative lines stay out of the counts. Two bond funds get no overlap figure.

DRN vs FAS Cost

Overpaying DRN vs FAS

$1,657

On $10,000 over 30 years. 7% growth a year before fees, expense ratio only.

  • DRN 0.98%

    $18,362

  • FAS 0.88%

    $16,705

$10,000
30 years

Cost over time

  • DRN 0.98%
  • FAS 0.88%
  • Overpaying
One line per fund, from year 0 to year 30. Use the arrow keys to read each point.$0$5K$10K$15K$20K051015202530DRN $18,362FAS $16,705

Year by year

YearDRNFASOverpaying
10$1,729$1,559$170
20$6,504$5,891$613
30$18,362$16,705$1,657

Expense ratio

  • 0.98%DRN
  • 0.88%FAS, cheaper
  • Middle half of 3x Leveraged Long funds
  • Median 0.96%

FAS 4th cheapest of 30 funds

DRN 18th cheapest of 30 funds

DRN vs FAS Dividends

Last 12 months to Oct 30, 2026
Yield (12M)
DRN 2.34%
FAS 8.87%, better
Payout (12M)
DRN $0.22
FAS $14.62
Last payment
DRN $0.07
FAS $1.00
Ex-dividend
DRN Sep 22, 2026
FAS Sep 22, 2026
Paid on
DRN Sep 29, 2026
FAS Sep 29, 2026
Frequency
DRN Quarterly
FAS Quarterly

Distribution history

Per share, 2017 to 2026, same scale for both

DRNQuarterly · 35 paymentsAll DRN payments⁠
One bar per payment. 35 payments from 2017 to 2026 YTD. Dec 19, 2017 $0.21; Jun 19, 2018 $0.25; Sep 25, 2018 $0.14; Dec 27, 2018 $0.13; Mar 19, 2019 $0.07; Jun 25, 2019 $0.14; Sep 24, 2019 $0.15; Dec 12, 2019 $0.40; Mar 24, 2020 $0.15; Jun 23, 2020 $0.02; Sep 22, 2020 $0.03; Dec 22, 2020 $0.04; Mar 23, 2021 $0.04; Jun 22, 2021 $0.05; Sep 21, 2021 $0.06; Dec 9, 2021 $1.13; Mar 22, 2022 $0.12; Jun 22, 2022 $0.04; Sep 20, 2022 $0.09; Dec 20, 2022 $0.01; Mar 21, 2023 $0.09; Jun 21, 2023 $0.07; Sep 19, 2023 $0.07; Dec 21, 2023 $0.07; Mar 19, 2024 $0.04; Jun 25, 2024 $0.08; Sep 24, 2024 $0.06; Dec 23, 2024 $0.04; Mar 25, 2025 $0.06; Jun 24, 2025 $0.07; Sep 23, 2025 $0.05; Dec 23, 2025 $0.05; Mar 24, 2026 $0.05; Jun 23, 2026 $0.06; Sep 22, 2026 $0.07. Use the arrow keys to read each point.$0$102017202020232026YTD
FASQuarterly · 36 paymentsAll FAS payments⁠
One bar per payment. 36 payments from 2017 to 2026 YTD. Dec 19, 2017 $0.08; Mar 20, 2018 $0.13; Jun 19, 2018 $0.16; Sep 25, 2018 $0.19; Dec 27, 2018 $0.16; Mar 19, 2019 $0.16; Jun 25, 2019 $0.17; Sep 24, 2019 $0.15; Dec 23, 2019 $0.11; Mar 24, 2020 $0.12; Jun 23, 2020 $0.04; Sep 22, 2020 $0.05; Dec 22, 2020 $0.08; Mar 23, 2021 $0.13; Jun 22, 2021 $0.14; Sep 21, 2021 $0.15; Dec 21, 2021 $0.36; Jun 22, 2022 $0.12; Sep 20, 2022 $0.22; Dec 20, 2022 $0.33; Mar 21, 2023 $0.17; Jun 21, 2023 $0.62; Sep 19, 2023 $0.29; Dec 21, 2023 $0.38; Mar 19, 2024 $0.36; Jun 25, 2024 $0.27; Sep 24, 2024 $0.32; Dec 23, 2024 $0.19; Mar 25, 2025 $0.46; Jun 24, 2025 $0.50; Sep 23, 2025 $0.39; Dec 10, 2025 $12.09; Dec 23, 2025 $0.39; Mar 24, 2026 $0.60; Jun 23, 2026 $0.53; Sep 22, 2026 $1.00. Use the arrow keys to read each point.$0$102017202020232026YTD

DRN vs FAS Risk

Fall from peak · 5 years

  • DRN
  • FAS
Oct 29, 2021 to Oct 30, 2026. Worst fall: DRN −80.6% · Oct 2023. Use the arrow keys to read each point.−80%−60%−40%−20%0%Oct 2021Apr 2024Oct 2026

Risk facts

VolatilityStd dev, 3 years
DRN 50.3%FAS 46.3%, better
Return per unit of riskSharpe ratio, 3 years
DRN 0.50FAS 1.03, better
Worst fallMax drawdown, 5 years
DRN −80.6%FAS −66.9%, better
Market sensitivityBeta, 5 years
DRN 2.62FAS 2.63

Popular comparisons

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