Skip to content
etf.net

DUSL vs FAS

Direxion Daily Industrials Bull 3X ETF

DUSLCNYSE Arca

Direxion Daily Financial Bull 3X ETF

FASANYSE Arca

Overlap

Expense ratio

FAS −0.09pt a year

DUSL0.97%FAS0.88%

Avg volume · 30D

FAS 30.7×the volume

DUSL13.3KFAS408K

5Y return · a year

DUSL +6.0pt

DUSL+14.6%FAS+8.6%

DUSL vs FAS Performance

Nov 4, 2021 – Nov 4, 2026

+97.9%DUSL+51.0%FAS

Nov 4, 2021 to Nov 4, 2026. DUSL +97.9%. FAS +51.0%. Use the arrow keys to read each point.−50%0%150%Nov 2021May 2024Nov 2026
Expense ratio
DUSL 0.97%
FAS 0.88%, better
Fund size
DUSL $40M
FAS $2.06B
1Y total return
DUSL +17.0%
FAS +27.3%, better
Yield (12M)
DUSL 9.88%, better
FAS 7.80%
Holdings
DUSL 91
FAS 88
Avg volume (30D)
DUSL 13.3K sh
FAS 408K sh, better
NAV per share
DUSL $73.60
FAS $164.44
52W range

ETF.net Grade

DUSL: Cost 38, Risk 73, Mission not scored, Tradability 41, Holdings not scored, Durability 33. FAS: Cost 92, Risk 69, Mission not scored, Tradability 75, Holdings not scored, Durability 66.
Pillar letters and Scores for DUSL, FAS, with each pillar’s weight
PillarDUSLFAS
Cost30% weightD38A92Higher
Mission25% weightNot scoredNot scored
Risk15% weightA73HigherB69
Tradability15% weightC41A75Higher
Holdings10% weightNot scoredNot scored
Durability5% weightD33B66Higher

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. DUSL 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 2nd and DUSL 15th of 30 funds in the 3x Leveraged Long Category.

  1. Rank 1ATQQQProShares UltraPro QQQScore 86
  2. Rank 2AFASDirexion Daily Financial Bull 3X ETFScore 80
  3. Rank 2AUDOWProShares UltraPro Dow30Score 80
  4. Rank 14CWEBLDirexion Daily Dow Jones Internet Bull 3X SharesScore 48
  5. Rank 15CDUSLDirexion Daily Industrials Bull 3X ETFScore 46
  6. Rank 16CDRNDirexion Daily Real Estate Bull 3X ETFScore 45

Our read on each fund

ETF.net Research

DUSLCDirexion Daily Industrials Bull 3X ETF

FASADirexion Daily Financial Bull 3X ETF

In short

DUSL Triple-leveraged exposure to the least glamorous corner of the market. DUSL aims to deliver 3x the daily move of the Industrials Select Sector Index, and it resets that target every day. Running since 2017.

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

DUSL The fund seeks daily investment results, before fees and expenses, equal to 300% of the performance of the Industrials 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

  • DUSL One job: 300% of the Industrials Select Sector Index's daily return, before fees and expenses. Direxion has run it since 2017, so the mechanics are well seasoned.direxion.com
  • Leverage spread across roughly 80 industrial companies, so no single name runs the day, though the whole basket moves at 3x.
  • At 0.97% net of a waiver through September 1, 2027 (0.98% gross), the fee sits near the category median for 3x funds.
  • 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

  • DUSL The 3x target resets daily. Hold longer and compounding takes over: choppy stretches can leave you short of 3x the index's move over that span.
  • One of the smaller, less-traded funds in the 3x lineup, which can mean wider bid-ask spreads than the headline leveraged names.
  • Cheaper 3x options exist here: SOXL at 0.75% and TQQQ at 0.78%, each net of waivers (SOXL through September 1, 2027; TQQQ through September 30, 2027).
  • 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 DUSL profile⁠

Full FAS profile⁠

DUSL 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.

DUSL vs FAS Cost

Overpaying DUSL vs FAS

$1,493

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

  • DUSL 0.97%

    $18,198

  • FAS 0.88%

    $16,705

$10,000
30 years

Cost over time

  • DUSL 0.97%
  • 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$20K051015202530DUSL $18,198FAS $16,705

Year by year

YearDUSLFASOverpaying
10$1,712$1,559$153
20$6,443$5,891$552
30$18,198$16,705$1,493

Expense ratio

  • 0.97%DUSL
  • 0.88%FAS, cheaper
  • Middle half of 3x Leveraged Long funds
  • Median 0.96%

FAS 4th cheapest of 30 funds

DUSL 16th cheapest of 30 funds

DUSL vs FAS Dividends

Last 12 months to Nov 4, 2026
Yield (12M)
DUSL 9.88%, better
FAS 7.80%
Payout (12M)
DUSL $7.51
FAS $14.62
Last payment
DUSL $0.0083
FAS $1.00
Ex-dividend
DUSL Sep 22, 2026
FAS Sep 22, 2026
Paid on
DUSL Sep 29, 2026
FAS Sep 29, 2026
Frequency
DUSL Quarterly
FAS Quarterly

Distribution history

Per share, 2017 to 2026, same scale for both

DUSLQuarterly · 36 paymentsAll DUSL payments⁠
One bar per payment. 36 payments from 2017 to 2026 YTD. Dec 13, 2017 $0.09; Jun 19, 2018 $0.07; Sep 25, 2018 $0.07; Dec 27, 2018 $0.14; Mar 19, 2019 $0.09; Jun 25, 2019 $0.10; Sep 24, 2019 $0.11; Dec 23, 2019 $0.08; Mar 24, 2020 $0.06; Jun 23, 2020 $0.0042; Sep 22, 2020 $0.01; Dec 22, 2020 $0.02; Mar 23, 2021 $0.0062; Jun 22, 2021 $0.0073; Dec 21, 2021 $0.02; Mar 22, 2022 $0.0031; Jun 22, 2022 $0.02; Sep 20, 2022 $0.08; Dec 20, 2022 $0.11; Mar 21, 2023 $0.10; Jun 21, 2023 $0.15; Sep 19, 2023 $0.14; Dec 21, 2023 $0.16; Mar 19, 2024 $0.14; Jun 25, 2024 $0.11; Sep 24, 2024 $0.08; Dec 12, 2024 $3.22; Dec 23, 2024 $0.08; Mar 25, 2025 $0.06; Jun 24, 2025 $0.21; Sep 23, 2025 $0.11; Dec 10, 2025 $7.27; Dec 23, 2025 $0.04; Mar 24, 2026 $0.10; Jun 23, 2026 $0.09; Sep 22, 2026 $0.0083. 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

DUSL vs FAS Risk

Fall from peak · 5 years

  • DUSL
  • FAS
Nov 4, 2021 to Nov 4, 2026. Worst fall: FAS −66.9% · Oct 2023. Use the arrow keys to read each point.−60%−40%−20%0%Nov 2021May 2024Nov 2026

Risk facts

VolatilityStd dev, 3 years
DUSL 48.6%FAS 46.3%, better
Return per unit of riskSharpe ratio, 3 years
DUSL 0.93FAS 1.03, better
Worst fallMax drawdown, 5 years
DUSL −58.4%, betterFAS −66.9%
Market sensitivityBeta, 5 years
DUSL 2.77FAS 2.63

Popular comparisons

  • DUSLCvsTQQQA

    Direxion Daily Industrials Bull 3X ETF · ProShares UltraPro QQQ

    Expense ratio
    0.97% · 0.78%
    Category
    Same Category. Both funds are graded against the same funds, so their Grades compare head to head.

  • FASAvsTQQQA

    Direxion Daily Financial Bull 3X ETF · ProShares UltraPro QQQ

    Expense ratio
    0.88% · 0.78%
    Category
    Same Category. Both funds are graded against the same funds, so their Grades compare head to head.

  • DUSLCvsUDOWA

    Direxion Daily Industrials Bull 3X ETF · ProShares UltraPro Dow30

    Expense ratio
    0.97% · 0.94%
    Category
    Same Category. Both funds are graded against the same funds, so their Grades compare head to head.

  • FASAvsUDOWA

    Direxion Daily Financial Bull 3X ETF · ProShares UltraPro Dow30

    Expense ratio
    0.88% · 0.94%
    Category
    Same Category. Both funds are graded against the same funds, so their Grades compare head to head.

  • DUSLCvsSOXLA

    Direxion Daily Industrials Bull 3X ETF · Direxion Daily Semiconductor Bull 3X ETF

    Expense ratio
    0.97% · 0.75%
    Category
    Same Category. Both funds are graded against the same funds, so their Grades compare head to head.

  • FASAvsSOXLA

    Direxion Daily Financial Bull 3X ETF · Direxion Daily Semiconductor Bull 3X ETF

    Expense ratio
    0.88% · 0.75%
    Category
    Same Category. Both funds are graded against the same funds, so their Grades compare head to head.