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FAS vs TPOR

Direxion Daily Financial Bull 3X ETF

FASANYSE Arca

Direxion Daily Transportation Bull 3X ETF

TPORDNYSE Arca

Overlap

5.3%by weight

Expense ratio

FAS −0.11pt a year

FAS0.88%TPOR0.99%

Avg volume · 30D

FAS 26.8×the volume

FAS413KTPOR15.4K

5Y return · a year

FAS +11.9pt

FAS+5.6%TPOR−6.3%

FAS vs TPOR Performance

Oct 29, 2021 – Oct 30, 2026

+31.4%FAS−27.9%TPOR

Oct 29, 2021 to Oct 30, 2026. FAS +31.4%. TPOR −27.9%. Use the arrow keys to read each point.−60%0%Oct 2021Apr 2024Oct 2026
Expense ratio
FAS 0.88%, better
TPOR 0.99%
Fund size
FAS $2.17B
TPOR $17M
1Y total return
FAS +12.3%
TPOR +19.5%, better
Yield (12M)
FAS 8.87%, better
TPOR 0.86%
Holdings
FAS 87
TPOR 50
Avg volume (30D)
FAS 413K sh, better
TPOR 15.4K sh
NAV per share
FAS $168.18
TPOR $33.21
52W range

ETF.net Grade

FAS: Cost 92, Risk 69, Mission not scored, Tradability 73, Holdings not scored, Durability 66. TPOR: Cost 25, Risk 51, Mission not scored, Tradability 30, Holdings not scored, Durability 24.
Pillar letters and Scores for FAS, TPOR, with each pillar’s weight
PillarFASTPOR
Cost30% weightA92HigherD25
Mission25% weightNot scoredNot scored
Risk15% weightB69HigherC51
Tradability15% weightA73HigherD30
Holdings10% weightNot scoredNot scored
Durability5% weightB66HigherF24

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 TPOR 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 TPOR 24th 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 22DHIBLDirexion Daily S&P 500 High Beta Bull 3X ETFScore 35
  6. Rank 24DTPORDirexion Daily Transportation Bull 3X ETFScore 32
  7. Rank 24DTYDDirexion Daily 7-10 Year Treasury Bull 3X ETFScore 32

Our read on each fund

ETF.net Research

FASADirexion Daily Financial Bull 3X ETF

TPORDDirexion Daily Transportation Bull 3X ETF

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.

TPOR The only 3x way to trade trucks, rails, airlines and parcels in one ticker. Since 2022 TPOR has tracked a capped S&P transportation index of about 50 names instead of the 20-stock Dow Transports, and its leverage resets every single 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.

TPOR The fund seeks daily investment results equal to 300% of the S&P Transportation Select Industry FMC Capped Index before fees and expenses. This objective applies for a single day, not as a three-times cumulative return over longer periods.

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.
  • TPOR Direxion's transportation slot is bull-only: TPOR is the lineup's single 3x ticker on rails, truckers, airlines and parcel carriers, with no bear twin beside it.direxion.com
  • Traded the 20-stock Dow Transports for S&P's capped transportation index in August 2022, spreading exposure across about 50 names with single-stock weight caps.sec.govspglobal.com
  • Costs 0.99% net of a waiver through September 1, 2027 (1.12% gross), near the 3x category median, though SOXL (0.75%, net of a waiver through September 1, 2027) runs cheaper.

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.
  • TPOR The 300% target applies to a single day. Hold longer and returns compound off each close, so multi-day results can drift well away from 3x the index move.sec.gov
  • One of the smaller and thinner-traded names in the 3x bull group, so spreads and depth matter more here than with the category's household tickers.
  • On cost, tradability and staying power it sits in the lower reaches of its 3x bull peer group.

Full FAS profile⁠

Full TPOR profile⁠

FAS vs TPOR Holdings

How FAS and TPOR differ

Overlap by weight

5.3%

Shared holdings make up 8.4% of FAS and 7.6% of TPOR.

Level by level

  • Sector3 Sectors1.8%
  • Holdings1 in both5.3%
  • Countryby domicile98.4%
  • Asset classEquity100%

Sector

Sector weights in FAS and TPOR, widest gap first
SectorMore in FASMore in TPOR
FinancialsFAS +98.2 points
IndustrialsTPOR +83.9 points
TechnologyTPOR +14.3 points

Country, concentration and asset class

Country by domicile

Country weights in FAS and TPOR, widest gap first
CountryMore in FASMore in TPOR
United StatesTPOR +1.6 points
SwitzerlandFAS +1.6 points

Concentration

Weight in the 10 largest Holdings

  • FAS79.0%
  • TPOR88.7%

Securities held

  • FAS77
  • TPOR45

Asset class

FAS
Equity
TPOR
Equity

Holdings

  • Only in FAS76
  • In both1
  • Only in TPOR44

Only in FAS

76 securities, 20.3% of FAS by weight

  • Berkshire Hathaway Inc-Cl B2.56%
  • JPMorgan Chase & Co2.31%
  • Visa Inc-Class A Shares1.77%

Only in TPOR

44 securities, 23.2% of TPOR by weight

  • Union Pacific Corp4.33%
  • Uber Technologies Inc3.24%
  • Csx Corp2.34%

Weight gaps

All 1 Holdings in both funds, largest gap first.

Holding weights in FAS and TPOR, widest gap first
HoldingMore in FASMore in TPOR
Goldman Finl Sq Trsry Inst 506FAS +3.07 points

All 84 FAS holdings⁠All 51 TPOR 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 TPOR Cost

Overpaying TPOR vs FAS

$1,820

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

  • FAS 0.88%

    $16,705

  • TPOR 0.99%

    $18,525

$10,000
30 years

Cost over time

  • FAS 0.88%
  • TPOR 0.99%
  • Overpaying
One line per fund, from year 0 to year 30. Use the arrow keys to read each point.$0$5K$10K$15K$20K051015202530TPOR $18,525FAS $16,705

Year by year

YearFASTPOROverpaying
10$1,559$1,746$187
20$5,891$6,565$674
30$16,705$18,525$1,820

Expense ratio

  • 0.88%FAS, cheaper
  • 0.99%TPOR
  • Middle half of 3x Leveraged Long funds
  • Median 0.96%

FAS 4th cheapest of 30 funds

TPOR 22nd cheapest of 30 funds

FAS vs TPOR Dividends

Last 12 months to Oct 30, 2026
Yield (12M)
FAS 8.87%, better
TPOR 0.86%
Payout (12M)
FAS $14.62
TPOR $0.29
Last payment
FAS $1.00
TPOR $0.12
Ex-dividend
FAS Sep 22, 2026
TPOR Sep 22, 2026
Paid on
FAS Sep 29, 2026
TPOR Sep 29, 2026
Frequency
FAS Quarterly
TPOR 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
TPORQuarterly · 26 paymentsAll TPOR payments⁠
One bar per payment. 26 payments from 2017 to 2026 YTD. Dec 13, 2017 $2.93; Mar 20, 2018 $0.04; Jun 19, 2018 $0.06; Sep 25, 2018 $0.07; Dec 27, 2018 $0.06; Mar 19, 2019 $0.08; Jun 25, 2019 $0.07; Sep 24, 2019 $0.07; Dec 23, 2019 $0.05; Mar 24, 2020 $0.01; Dec 22, 2020 $0.009; Mar 21, 2023 $0.20; Jun 21, 2023 $0.07; Sep 19, 2023 $0.10; Dec 21, 2023 $0.12; Mar 19, 2024 $0.15; Jun 25, 2024 $0.08; Sep 24, 2024 $0.14; Dec 23, 2024 $0.06; Mar 25, 2025 $0.09; Jun 24, 2025 $0.10; Sep 23, 2025 $0.05; Dec 23, 2025 $0.03; Mar 24, 2026 $0.09; Jun 23, 2026 $0.05; Sep 22, 2026 $0.12. Use the arrow keys to read each point.$0$102017202020232026YTD

FAS vs TPOR Risk

Fall from peak · 5 years

  • FAS
  • TPOR
Oct 29, 2021 to Oct 30, 2026. Worst fall: TPOR −74.1% · Apr 2025. Use the arrow keys to read each point.−60%−40%−20%0%Oct 2021Apr 2024Oct 2026

Risk facts

VolatilityStd dev, 3 years
FAS 46.3%, betterTPOR 55.9%
Return per unit of riskSharpe ratio, 3 years
FAS 1.03, betterTPOR 0.54
Worst fallMax drawdown, 5 years
FAS −66.9%, betterTPOR −74.1%
Market sensitivityBeta, 5 years
FAS 2.63TPOR 3.55

Popular comparisons

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