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FAS vs RETL

Direxion Daily Financial Bull 3X ETF

FASANYSE Arca

Direxion Daily Retail Bull 3X Shares

RETLCNYSE Arca

Overlap

Expense ratio

FAS −0.08pt a year

FAS0.88%RETL0.96%

Avg volume · 30D

FAS 1.2×the volume

FAS408KRETL336K

10Y return · a year

FAS +25.4pt

FAS+23.2%RETL−2.2%

FAS vs RETL Performance

Nov 4, 2021 – Nov 4, 2026

+51.0%FAS−78.9%RETL

Nov 4, 2021 to Nov 4, 2026. FAS +51.0%. RETL −78.9%. Use the arrow keys to read each point.−50%−25%0%25%Nov 2021May 2024Nov 2026
Expense ratio
FAS 0.88%, better
RETL 0.96%
Fund size
FAS $2.06B
RETL $32M
1Y total return
FAS +27.3%
RETL +32.2%, better
Yield (12M)
FAS 7.80%, better
RETL 0.72%
Holdings
FAS 88
RETL 81
Avg volume (30D)
FAS 408K sh, better
RETL 336K sh
NAV per share
FAS $164.44
RETL $8.77
52W range

ETF.net Grade

FAS: Cost 92, Risk 69, Mission not scored, Tradability 75, Holdings not scored, Durability 66. RETL: Cost 62, Risk 36, Mission not scored, Tradability 49, Holdings not scored, Durability 40.
Pillar letters and Scores for FAS, RETL, with each pillar’s weight
PillarFASRETL
Cost30% weightA92HigherB62
Mission25% weightNot scoredNot scored
Risk15% weightB69HigherD36
Tradability15% weightA75HigherC49
Holdings10% weightNot scoredNot scored
Durability5% weightB66HigherC40

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. FAS and RETL 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 RETL 12th 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 12CDFENDirexion Daily Aerospace & Defense Bull 3X SharesScore 51
  5. Rank 12CRETLDirexion Daily Retail Bull 3X SharesScore 51
  6. Rank 14CWEBLDirexion Daily Dow Jones Internet Bull 3X SharesScore 48

Our read on each fund

ETF.net Research

FASADirexion Daily Financial Bull 3X ETF

RETLCDirexion Daily Retail Bull 3X Shares

In short

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.

RETL Retail, tripled. RETL aims for 300% of the S&P Retail Select Industry Index's daily move, spread across roughly 80 retailers instead of one or two giants. Trading since 2010, and the math resets every day.

Stated mandate

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.

RETL The fund seeks daily investment results, before fees and expenses, equal to 300% of the S&P Retail Select Industry Index.

Why people hold it

  • 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.
  • RETL Retail gets its own trade: 3x daily exposure to the S&P Retail Select Industry Index, spread across roughly 80 retailers rather than a broad consumer basket.
  • At 0.96% a year, the fee comes in under the typical leveraged bull fund's.
  • The mechanics are spelled out in advance: a stated 300% of one day's index move, reset daily, with no stock picking or manager discretion in the mix.
  • Live since 2010, a long run for a leveraged sector fund, and it changes hands actively during the session.

Worth knowing

  • 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.
  • RETL The 3x math applies to one day. Hold across many days and compounding can pull results well away from three times the index over that stretch, especially in choppy markets.
  • One narrow, cyclical corner of the market at triple speed: swings run far larger than a broad index fund's, in both directions.
  • Assets are small by ETF standards, which matters for trading spreads and for a fund's long-term staying power.

Full FAS profile⁠

Full RETL profile⁠

FAS vs RETL 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.

FAS vs RETL Cost

Overpaying RETL vs FAS

$1,329

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

  • FAS 0.88%

    $16,705

  • RETL 0.96%

    $18,034

$10,000
30 years

Cost over time

  • FAS 0.88%
  • RETL 0.96%
  • Overpaying
One line per fund, from year 0 to year 30. Use the arrow keys to read each point.$0$5K$10K$15K$20K051015202530RETL $18,034FAS $16,705

Year by year

YearFASRETLOverpaying
10$1,559$1,695$136
20$5,891$6,383$492
30$16,705$18,034$1,329

Expense ratio

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

FAS 4th cheapest of 30 funds

RETL 11th cheapest of 30 funds

FAS vs RETL Dividends

Last 12 months to Nov 4, 2026
Yield (12M)
FAS 7.80%, better
RETL 0.72%
Payout (12M)
FAS $14.62
RETL $0.07
Last payment
FAS $1.00
RETL $0.02
Ex-dividend
FAS Sep 22, 2026
RETL Sep 22, 2026
Paid on
FAS Sep 29, 2026
RETL Sep 29, 2026
Frequency
FAS Quarterly
RETL Quarterly

Distribution history

Per share, 2017 to 2026, same scale for both

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
RETLQuarterly · 28 paymentsAll RETL payments⁠
One bar per payment. 28 payments from 2017 to 2026 YTD. Dec 19, 2017 $0.0012; Mar 20, 2018 $0.05; Jun 19, 2018 $0.03; Sep 25, 2018 $0.02; Dec 27, 2018 $0.01; Mar 19, 2019 $0.04; Jun 25, 2019 $0.03; Sep 24, 2019 $0.03; Dec 23, 2019 $0.0022; Mar 24, 2020 $0.03; Mar 23, 2021 $0.0056; Dec 21, 2021 $0.08; Jun 22, 2022 $0.01; Sep 20, 2022 $0.02; Dec 20, 2022 $0.02; Mar 21, 2023 $0.03; Jun 21, 2023 $0.05; Sep 19, 2023 $0.02; Dec 21, 2023 $0.03; Mar 19, 2024 $0.03; Jun 25, 2024 $0.04; Sep 24, 2024 $0.02; Dec 23, 2024 $0.02; Mar 25, 2025 $0.03; Jun 24, 2025 $0.03; Mar 24, 2026 $0.02; Jun 23, 2026 $0.03; Sep 22, 2026 $0.02. Use the arrow keys to read each point.$0$102017202020232026YTD

FAS vs RETL Risk

Fall from peak · 5 years

  • FAS
  • RETL
Nov 4, 2021 to Nov 4, 2026. Worst fall: RETL −92.0% · Apr 2025. Use the arrow keys to read each point.−100%−75%−50%−25%0%Nov 2021May 2024Nov 2026

Risk facts

VolatilityStd dev, 3 years
FAS 46.3%, betterRETL 62.5%
Return per unit of riskSharpe ratio, 3 years
FAS 1.03, betterRETL 0.53
Worst fallMax drawdown, 5 years
FAS −66.9%, betterRETL −92.0%
Market sensitivityBeta, 5 years
FAS 2.63RETL 3.49

Popular comparisons

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    Expense ratio
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    Category
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  • RETLCvsTQQQA

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