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FAS vs WEBL

Direxion Daily Financial Bull 3X ETF

FASANYSE Arca

Direxion Daily Dow Jones Internet Bull 3X Shares

WEBLCNYSE Arca

Overlap

Expense ratio

FAS −0.08pt a year

FAS0.88%WEBL0.96%

Avg volume · 30D

FAS 2.1×the volume

FAS413KWEBL194K

5Y return · a year

FAS +29.1pt

FAS+5.6%WEBL−23.5%

FAS vs WEBL Performance

Oct 29, 2021 – Oct 30, 2026

+31.4%FAS−73.8%WEBL

Oct 29, 2021 to Oct 30, 2026. FAS +31.4%. WEBL −73.8%. Use the arrow keys to read each point.−100%−50%−25%0%50%Oct 2021Apr 2024Oct 2026
Expense ratio
FAS 0.88%, better
WEBL 0.96%
Fund size
FAS $2.17B
WEBL $74M
1Y total return
FAS +12.3%, better
WEBL −34.2%
Yield (12M)
FAS 8.87%, better
WEBL 0.21%
Holdings
FAS 87
WEBL 47
Avg volume (30D)
FAS 413K sh, better
WEBL 194K sh
NAV per share
FAS $168.18
WEBL $24.21
52W range

ETF.net Grade

FAS: Cost 92, Risk 69, Mission not scored, Tradability 73, Holdings not scored, Durability 66. WEBL: Cost 62, Risk 31, Mission not scored, Tradability 41, Holdings not scored, Durability 32.
Pillar letters and Scores for FAS, WEBL, with each pillar’s weight
PillarFASWEBL
Cost30% weightA92HigherB62
Mission25% weightNot scoredNot scored
Risk15% weightB69HigherD31
Tradability15% weightA73HigherC41
Holdings10% weightNot scoredNot scored
Durability5% weightB66HigherD32

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 WEBL 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 WEBL 14th 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 12CRETLDirexion Daily Retail Bull 3X SharesScore 51
  6. Rank 14CWEBLDirexion Daily Dow Jones Internet Bull 3X SharesScore 47
  7. Rank 15CUTSLDirexion Daily Utilities Bull 3X ETFScore 46

Our read on each fund

ETF.net Research

FASADirexion Daily Financial Bull 3X ETF

WEBLCDirexion Daily Dow Jones Internet 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.

WEBL Most 3x funds crank up the Dow or the Nasdaq. WEBL aims at a narrower target: 300% of the daily move of the Dow Jones Internet Composite, a basket of US internet names. Direxion has run it since 2019.

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.

WEBL The fund seeks daily investment results equal to 300% of the performance of the Dow Jones Internet Composite Index, before fees and expenses.

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.
  • WEBL Charges 0.96%, under the 1.04% median for leveraged bull funds, and stands in the upper tier of that roughly 100-fund crowd.
  • The mandate is mechanical: 300% of the Dow Jones Internet Composite Index's daily performance, before fees and expenses. No stock picking, no manager discretion.direxion.com
  • Internet-specific at 3x, roughly 50 stocks, rather than a Nasdaq-100 or broad-index wrapper like most of its leveraged peers. Trading since 2019.

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.
  • WEBL Leverage resets every day. Hold longer and each day compounds on the last, so a multi-day result can land well away from 3x the index's move over that stretch.direxion.com
  • A narrow internet basket magnified threefold moves hard in both directions, and with roughly 50 names, single-company news carries real weight.
  • Smaller asset base and only moderate trading next to the biggest 3x funds, so spreads and order sizing matter. Distributions land annually or semiannually.

Full FAS profile⁠

Full WEBL profile⁠

FAS vs WEBL 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 WEBL Cost

Overpaying WEBL vs FAS

$1,329

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

  • FAS 0.88%

    $16,705

  • WEBL 0.96%

    $18,034

$10,000
30 years

Cost over time

  • FAS 0.88%
  • WEBL 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$20K051015202530WEBL $18,034FAS $16,705

Year by year

YearFASWEBLOverpaying
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%WEBL
  • Middle half of 3x Leveraged Long funds
  • Median 0.96%

FAS 4th cheapest of 30 funds

WEBL 11th cheapest of 30 funds

FAS vs WEBL Dividends

Last 12 months to Oct 30, 2026
Yield (12M)
FAS 8.87%, better
WEBL 0.21%
Payout (12M)
FAS $14.62
WEBL $0.05
Last payment
FAS $1.00
WEBL $0.0041
Ex-dividend
FAS Sep 22, 2026
WEBL Sep 22, 2026
Paid on
FAS Sep 29, 2026
WEBL Sep 29, 2026
Frequency
FAS Quarterly
WEBL 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
WEBLQuarterly · 8 paymentsAll WEBL payments⁠
One bar per payment. 8 payments from 2017 to 2026 YTD. Dec 23, 2019 $0.02; Dec 9, 2021 $3.05; Jun 21, 2023 $0.00011; Mar 25, 2025 $0.02; Jun 24, 2025 $0.04; Mar 24, 2026 $0.0082; Jun 23, 2026 $0.03; Sep 22, 2026 $0.0041. Use the arrow keys to read each point.$0$102017202020232026YTD

FAS vs WEBL Risk

Fall from peak · 5 years

  • FAS
  • WEBL
Oct 29, 2021 to Oct 30, 2026. Worst fall: WEBL −94.2% · Dec 2022. Use the arrow keys to read each point.−100%−75%−50%−25%0%Oct 2021Apr 2024Oct 2026

Risk facts

VolatilityStd dev, 3 years
FAS 46.3%, betterWEBL 62.2%
Return per unit of riskSharpe ratio, 3 years
FAS 1.03, betterWEBL 0.73
Worst fallMax drawdown, 5 years
FAS −66.9%, betterWEBL −94.2%
Market sensitivityBeta, 5 years
FAS 2.63WEBL 4.11

Popular comparisons

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    Expense ratio
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  • WEBLCvsTQQQA

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