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EURL vs FAS

Direxion Daily FTSE Europe Bull 3X ETF

EURLDNYSE Arca

Direxion Daily Financial Bull 3X ETF

FASANYSE Arca

Overlap

Expense ratio

FAS −0.16pt a year

EURL1.04%FAS0.88%

Avg volume · 30D

FAS 27.5×the volume

EURL15KFAS413K

10Y return · a year

FAS +10.8pt

EURL+10.1%FAS+20.9%

EURL vs FAS Performance

Oct 29, 2021 – Oct 30, 2026

+23.6%EURL+31.4%FAS

Oct 29, 2021 to Oct 30, 2026. EURL +23.6%. FAS +31.4%. Use the arrow keys to read each point.−75%−50%−25%0%50%Oct 2021Apr 2024Oct 2026
Expense ratio
EURL 1.04%
FAS 0.88%, better
Fund size
EURL $41M
FAS $2.17B
1Y total return
EURL +17.7%, better
FAS +12.3%
Yield (12M)
EURL 1.98%
FAS 8.87%, better
Holdings
EURL 9
FAS 87
Avg volume (30D)
EURL 15K sh
FAS 413K sh, better
NAV per share
EURL $43.57
FAS $168.18
52W range

ETF.net Grade

EURL: Cost 20, Risk 69, Mission not scored, Tradability 30, 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 EURL, FAS, with each pillar’s weight
PillarEURLFAS
Cost30% weightF20A92Higher
Mission25% weightNot scoredNot scored
Risk15% weightB69B69
Tradability15% weightD30A73Higher
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. EURL 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 EURL 22nd 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 21DPILLDirexion Daily Pharmaceutical & Medical Bull 3X ETFScore 37
  6. Rank 22DEURLDirexion Daily FTSE Europe Bull 3X ETFScore 35
  7. Rank 22DHIBLDirexion Daily S&P 500 High Beta Bull 3X ETFScore 35

Our read on each fund

ETF.net Research

EURLDDirexion Daily FTSE Europe Bull 3X ETF

FASADirexion Daily Financial Bull 3X ETF

In short

EURL Most 3x bull funds point at US indexes and sectors. EURL aims the same machinery at Europe, seeking 300% of the FTSE Developed Europe All Cap Index's move for one day at a time, at 1.04% net of a waiver through September 1, 2027.

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

EURL The fund seeks a daily return equal to 300% of the FTSE Developed Europe All Cap Index's performance, before fees and expenses. Its objective applies to a single day rather than longer cumulative periods.

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

  • EURL A single-ticker way to take a leveraged swing at Europe: 3x daily exposure to a broad all-cap developed-Europe index rather than a sector sliver or a basket of ADRs.direxion.com
  • Running since 2014, so the structure has a long live history on the tape, not a backtest, through more than a decade of European politics and rate cycles.direxion.com
  • The mandate is refreshingly blunt: 300% of the index for a single day, reset daily, with Direxion's own documents saying not to expect 3x over longer stretches.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

  • EURL Cost sits above the category's typical 3x fee: 1.04% net of a waiver through September 1, 2027 (1.05% gross), versus SOXL at 0.75% net of its own waiver to September 1, 2027.
  • A small fund that trades thinly next to the lineup's headline tickers, which tends to show up as wider bid-ask spreads around the quoted price.
  • Daily reset makes multi-day results path-dependent: a choppy round trip in the index can leave the fund lower even if the index ends flat.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 EURL profile⁠

Full FAS profile⁠

EURL 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.

EURL vs FAS Cost

Overpaying EURL vs FAS

$2,629

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

  • EURL 1.04%

    $19,334

  • FAS 0.88%

    $16,705

$10,000
30 years

Cost over time

  • EURL 1.04%
  • 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$20K051015202530EURL $19,334FAS $16,705

Year by year

YearEURLFASOverpaying
10$1,831$1,559$272
20$6,867$5,891$976
30$19,334$16,705$2,629

Expense ratio

  • 1.04%EURL
  • 0.88%FAS, cheaper
  • Middle half of 3x Leveraged Long funds
  • Median 0.96%

FAS 4th cheapest of 30 funds

EURL 24th cheapest of 30 funds

EURL vs FAS Dividends

Last 12 months to Oct 30, 2026
Yield (12M)
EURL 1.98%
FAS 8.87%, better
Payout (12M)
EURL $0.84
FAS $14.62
Last payment
EURL $0.15
FAS $1.00
Ex-dividend
EURL Sep 22, 2026
FAS Sep 22, 2026
Paid on
EURL Sep 29, 2026
FAS Sep 29, 2026
Frequency
EURL Quarterly
FAS Quarterly

Distribution history

Per share, 2017 to 2026, same scale for both

EURLQuarterly · 29 paymentsAll EURL payments⁠
One bar per payment. 29 payments from 2017 to 2026 YTD. Dec 19, 2017 $0.14; Jun 17, 2018 $0.14; Sep 25, 2018 $0.37; Dec 27, 2018 $0.10; Mar 19, 2019 $0.06; Jun 25, 2019 $0.25; Dec 23, 2019 $0.09; Mar 24, 2020 $0.06; Dec 22, 2020 $0.05; Sep 21, 2021 $0.09; Dec 21, 2021 $0.04; Mar 22, 2022 $0.06; Sep 20, 2022 $0.17; Dec 20, 2022 $0.08; Mar 21, 2023 $0.06; Jun 21, 2023 $0.14; Sep 19, 2023 $0.22; Dec 21, 2023 $0.17; Mar 19, 2024 $0.13; Jun 25, 2024 $0.31; Sep 24, 2024 $0.10; Dec 23, 2024 $0.18; Mar 25, 2025 $0.12; Jun 24, 2025 $0.30; Sep 23, 2025 $0.05; Dec 23, 2025 $0.15; Mar 24, 2026 $0.14; Jun 23, 2026 $0.39; Sep 22, 2026 $0.15. 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

EURL vs FAS Risk

Fall from peak · 5 years

  • EURL
  • FAS
Oct 29, 2021 to Oct 30, 2026. Worst fall: EURL −74.7% · Oct 2022. Use the arrow keys to read each point.−80%−60%−40%−20%0%Oct 2021Apr 2024Oct 2026

Risk facts

VolatilityStd dev, 3 years
EURL 39.3%, betterFAS 46.3%
Return per unit of riskSharpe ratio, 3 years
EURL 0.98FAS 1.03, better
Worst fallMax drawdown, 5 years
EURL −74.7%FAS −66.9%, better
Market sensitivityBeta, 5 years
EURL 2.02FAS 2.63

Popular comparisons

  • EURLDvsTQQQA

    Direxion Daily FTSE Europe Bull 3X ETF · ProShares UltraPro QQQ

    Expense ratio
    1.04% · 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.

  • EURLDvsUDOWA

    Direxion Daily FTSE Europe Bull 3X ETF · ProShares UltraPro Dow30

    Expense ratio
    1.04% · 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.

  • EURLDvsSOXLA

    Direxion Daily FTSE Europe Bull 3X ETF · Direxion Daily Semiconductor Bull 3X ETF

    Expense ratio
    1.04% · 0.75%
    Category
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  • 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.