FAS
FAS (Direxion Daily Financial Bull 3X Shares) is an exchange-traded fund (ETF) that seeks to provide three times the daily performance of the Financial Select Sector Index. It is designed for investors seeking leveraged exposure to the financial sector.
Asset Summary
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Asset Performance Metrics and Risk Characteristics:
Metrics below use daily returns for Jan 1, 2026 – Oct 7, 2026 (YTD).
Understanding asset performance is crucial for evaluating investment quality and making informed decisions. Metrics like trailing return and drawdown provide insights into how an asset has performed over time, its volatility, and the efficiency of its returns relative to risk. Performance indicators help assess the stability, risk, and reward of an investment, allowing investors and portfolio managers to make comparisons and strategize accordingly.
1 Month Trailing Return
-17.05%
Represents the percentage change in asset value over the past month.
3 Month Trailing Return
-13.42%
Indicates the percentage change in asset value over the last three months.
Period Max Drawdown
41.18%
The highest percentage drop from the peak value to the lowest point during the observed period.
Standard Deviation
44.46%
Shows how much the asset’s daily returns deviate from the average, annualized for the entire period.
Sharpe Ratio
-0.24
Measures the average return earned in excess of the risk-free rate per unit of volatility, annualized.
Calmar Ratio
-0.26
The ratio of the annualized return to the maximum drawdown, reflecting the return per unit of risk.
Asset Technical Analysis
Technical analysis involves evaluating an asset's price and volume data to forecast future movements and make informed trading decisions. Using indicators such as moving averages, pivot levels, momentum studies, and candlestick pattern scans can clarify trend strength and volatility. The tabs below summarize moving averages, pivots, technical indicators, candlestick patterns, and recent prices for this symbol.
Analysis
Moving Averages
Moving Averages are commonly used to smooth out price data and identify trends over a specific period. Here’s a summary of the latest moving averages for various periods:
| Type/Period | |
|---|---|
| SMA | |
| EMA | |
| WMA | |
| WEMA |
- SMA (Simple Moving Average): Reflects the average price over a specific number of periods.
- EMA (Exponential Moving Average): Gives more weight to recent prices, making it more responsive to new information.
- WMA (Weighted Moving Average): Assigns a weight to each price, emphasizing more recent prices.
- WEMA (Weighted Exponential Moving Average): Combines elements of both WMA and EMA for a more responsive moving average.
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Experience Excellence NowFrequently Asked Questions
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Similar ETFs to FAS include: UYG (ProShares Ultra Financials), which seeks to provide twice the daily performance of the Financial Select Sector Index; FAZ (Direxion Daily Financial Bear 3X Shares), which provides three times the inverse of the daily performance of the Financial Select Sector Index; and XLF (Financial Select Sector SPDR Fund), which offers exposure to the financial sector but does not use leverage.
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Investors can purchase shares of FAS through a brokerage account. It is traded on major stock exchanges under the ticker symbol "FAS" and can be bought and sold like other stocks and ETFs.
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FAS has an expense ratio of approximately 0.96%. This fee covers the costs associated with managing and operating the fund, including administrative and management expenses.
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FAS adjusts its holdings and leverage daily to reflect changes in the Financial Select Sector Index. The ETF uses derivatives to achieve its 3x leverage ratio and rebalances frequently to maintain this exposure.
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Historical performance data for FAS includes past returns, NAV, and volatility. This data provides insights into how well the ETF has tracked its target index and the effects of its leveraged strategy over time.
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Risks include high volatility and the potential for significant losses due to the leveraged nature of the ETF. Leveraged ETFs like FAS are designed for short-term trading and may not perform as expected over longer periods due to compounding and daily rebalancing effects.
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FAS aims to provide three times the daily performance of the Financial Select Sector Index. Due to the leveraged nature of the ETF, its performance can deviate significantly from the index over longer periods due to daily compounding effects and rebalancing.
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Factors influencing FAS’s performance include the volatility and performance of the financial sector, overall market conditions, and the effectiveness of the leveraged strategy. Daily rebalancing and compounding effects can also impact performance.
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Key performance metrics for FAS include its net asset value (NAV), daily percentage returns, expense ratio, and tracking error. NAV represents the per-share value of the ETF, daily returns show how the ETF performs relative to the Financial Select Sector Index, the expense ratio covers the management and operational costs, and tracking error measures how closely the fund tracks its target index.
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FAS uses financial derivatives to achieve three times the daily performance of the Financial Select Sector Index. The ETF rebalances daily to maintain this leverage ratio, which can amplify returns in rising markets and amplify losses in falling markets.
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Disclaimers
The information displayed on this site is sourced from third-party providers and is believed to be reliable. OHLCX has not independently verified this data and does not guarantee its accuracy. Content is for educational and informational purposes only and is not financial or investment advice.
With any investment, your capital is at risk. Past performance is no guarantee of future results. Consult your provider's terms and privacy policies where applicable.
Market data is provided in near real-time when available, but we do not guarantee its accuracy or timeliness.
Securities products are: Not FDIC insured · Not bank guaranteed · May lose value
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