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FAS vs WANT

Direxion Daily Financial Bull 3X ETF

FASANYSE Arca

Direxion Daily Consumer Discretionary Bull 3X ETF

WANTDNYSE Arca

Overlap

Expense ratio

FAS −0.12pt a year

FAS0.88%WANT1.00%

Avg volume · 30D

FAS 16.8×the volume

FAS417KWANT24.8K

5Y return · a year

FAS +21.4pt

FAS+7.2%WANT−14.2%

FAS vs WANT Performance

Nov 9, 2021 – Nov 9, 2026

+41.7%FAS−53.5%WANT

Nov 9, 2021 to Nov 9, 2026. FAS +41.7%. WANT −53.5%. Use the arrow keys to read each point.−75%−25%0%25%Nov 2021May 2024Nov 2026
Expense ratio
FAS 0.88%, better
WANT 1.00%
Fund size
FAS $2.08B
WANT $20M
1Y total return
FAS +17.0%, better
WANT −11.3%
Yield (12M)
FAS 8.32%, better
WANT 0.82%
Holdings
FAS 87
WANT 54
Avg volume (30D)
FAS 417K sh, better
WANT 24.8K sh
NAV per share
FAS $168.58
WANT $39.98
52W range

ETF.net Grade

FAS: Cost 92, Risk 73, Mission not scored, Tradability 69, Holdings not scored, Durability 66. WANT: Cost 25, Risk 33, Mission not scored, Tradability 35, Holdings not scored, Durability 24.
Pillar letters and Scores for FAS, WANT, with each pillar’s weight
PillarFASWANT
Cost30% weightA92HigherD25
Mission25% weightNot scoredNot scored
Risk15% weightA73HigherD33
Tradability15% weightB69HigherD35
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 WANT 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 WANT 26th of 30 funds in the 3x Leveraged Long Category.

  1. Rank 1ATQQQProShares UltraPro QQQScore 83
  2. Rank 2AFASDirexion Daily Financial Bull 3X ETFScore 80
  3. Rank 2AUDOWProShares UltraPro Dow30Score 80
  4. Rank 25DTPORDirexion Daily Transportation Bull 3X ETFScore 31
  5. Rank 26DWANTDirexion Daily Consumer Discretionary Bull 3X ETFScore 29
  6. Rank 27DEDCDirexion Daily MSCI Emerging Markets Bull 3X SharesScore 28

Our read on each fund

ETF.net Research

FASADirexion Daily Financial Bull 3X ETF

WANTDDirexion Daily Consumer Discretionary 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.

WANT Direxion's 3x bet on the American shopper. WANT aims for 300% of the daily move in the Consumer Discretionary Select Sector Index, about 60 consumer-facing stocks. A day-trader's tool by design.

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.

WANT The fund seeks daily investment results, before fees and expenses, equal to 300% of the performance of the Consumer Discretionary Select Sector 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.
  • WANT Single-sector leverage, undiluted: it aims for 300% of the Consumer Discretionary Select Sector Index's daily move, with no stock picking and no options overlay.
  • Leverage inside an ETF wrapper, so no margin account and no borrowing on your end; the exposure arrives as one ticker you can buy and sell all day.
  • Live since 2018, so its daily-reset behavior shows up in actual market history, not just in a prospectus risk section.

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.
  • WANT The reset is daily. Hold longer and returns compound off each close, so multi-day results can diverge from 3x the index move, most of all in choppy markets.
  • One of the smaller, thinner-traded names on the 3x shelf, so spreads and order size matter more here than with the category's giants.
  • Costs 1.00% net of a waiver through September 1, 2027 (1.03% gross), near the category median but above stablemate SOXL at 0.75% net of a waiver through September 1, 2027.

Full FAS profile⁠

Full WANT profile⁠

FAS vs WANT 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 WANT Cost

Overpaying WANT vs FAS

$1,983

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

  • FAS 0.88%

    $16,705

  • WANT 1.00%

    $18,688

$10,000
30 years

Cost over time

  • FAS 0.88%
  • WANT 1.00%
  • Overpaying
One line per fund, from year 0 to year 30. Use the arrow keys to read each point.$0$5K$10K$15K$20K051015202530WANT $18,688FAS $16,705

Year by year

YearFASWANTOverpaying
10$1,559$1,763$204
20$5,891$6,625$734
30$16,705$18,688$1,983

Expense ratio

  • 0.88%FAS, cheaper
  • 1.00%WANT
  • Middle half of 3x Leveraged Long funds
  • Median 0.96%

FAS 4th cheapest of 30 funds

WANT 23rd cheapest of 30 funds

FAS vs WANT Dividends

Last 12 months to Nov 9, 2026
Yield (12M)
FAS 8.32%, better
WANT 0.82%
Payout (12M)
FAS $14.62
WANT $0.36
Last payment
FAS $1.00
WANT $0.15
Ex-dividend
FAS Sep 22, 2026
WANT Sep 22, 2026
Paid on
FAS Sep 29, 2026
WANT Sep 29, 2026
Frequency
FAS Quarterly
WANT 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
WANTQuarterly · 20 paymentsAll WANT payments⁠
One bar per payment. 20 payments from 2017 to 2026 YTD. Mar 19, 2019 $0.09; Jun 25, 2019 $0.05; Sep 24, 2019 $0.05; Dec 23, 2019 $0.03; Mar 24, 2020 $0.04; Mar 21, 2023 $0.04; Jun 21, 2023 $0.04; Sep 19, 2023 $0.009; Dec 21, 2023 $0.06; Mar 19, 2024 $0.10; Jun 25, 2024 $0.08; Sep 24, 2024 $0.09; Dec 23, 2024 $0.07; Mar 25, 2025 $0.15; Jun 24, 2025 $0.14; Sep 23, 2025 $0.02; Dec 23, 2025 $0.02; Mar 24, 2026 $0.09; Jun 23, 2026 $0.10; Sep 22, 2026 $0.15. Use the arrow keys to read each point.$0$102017202020232026YTD

FAS vs WANT Risk

Fall from peak · 5 years

  • FAS
  • WANT
Nov 9, 2021 to Nov 9, 2026. Worst fall: WANT −85.9% · Dec 2022. Use the arrow keys to read each point.−80%−60%−40%−20%0%Nov 2021May 2024Nov 2026

Risk facts

VolatilityStd dev, 3 years
FAS 46.3%, betterWANT 54.8%
Return per unit of riskSharpe ratio, 3 years
FAS 1.03, betterWANT 0.54
Worst fallMax drawdown, 5 years
FAS −66.9%, betterWANT −85.9%
Market sensitivityBeta, 5 years
FAS 2.56WANT 3.65

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