Snapshot*
Top 10 Holdings
What is FAS?
The Direxion Daily Financial Bull (FAS) and Bear (FAZ) 3X Shares seek daily investment results, before fees and expenses, of 300%, or 300% of the inverse (or opposite), of the performance of the of the performance of the Financial Select Sector TR Index (IXMTR). The Financial Select Sector TR Index (IXMTR) is provided by S&P Dow Jones Indices and includes securities of companies from the following industries: Banks; Thrifts & Mortgage Finance; Diversified Financial Services; Consumer Finance; Capital Markets; Insurance; and Mortgage Real Estate Investment Trusts (REITs). August 1st, Direxion Daily Financial Bull 3x Shares (FAS) changed its index from the Russell 1000 Financials 40 Act 15/22.5 Daily Capped Index to the Financials Select Sector Index.
FASPerformance Measures**
for the time period Nov 6, 2008 to Aug 5, 2026
1M Trailing Return: 9.0%
The percent change in the value over the most recent 1-month period.
3M Trailing Return: 38.2%
The percent change in the value over the most recent 3-month period.
Max Drawdown: -94.8%
The greatest percent loss from peak to trough in value over the time period.
Standard Deviation: 74.4%
The typical amount that daily returns vary from the mean of the returns over the time period, standardized to a period of a year.
Sharpe Ratio: 0.52
The annualized arithmetic mean of the daily returns divided by the annualized standard deviation of the daily returns for the selected time period.
Calmar Ratio: 0.12
The annualized return divided by the max drawdown for the selected time period.
ETFs related toFAS
ETFs correlated to FAS include XLF, IYF, VFH
What is ETF correlation?
Correlation is a measure of the strength of the relationship between two ETFs. It quantifies the degree to which prices of the two ETFs typically move together.
Here, correlation is measured over the past year with the Pearson correlation coefficient (Pearon’s r), which ranges from -1 to 1.
Using ETF correlations in portfolio and strategy construction
ETF correlations can help you create investing strategies and portfolios. Use them to:
- •Build a diversified portfolio from uncorrelated or inversely correlated ETFs with the aim of minimizing portfolio risk.
- •Compare correlated or related ETFs to find one with a lower expense ratio or higher trading volume.
- •Create an investing strategy that hedges an ETF with an uncorrelated or inversely correlated ETF.
Trading Strategies
Related toFAS
Simons KMLM switcher (single pops)| BT 4/13/22 = A.R. 466% / D.D. 22% V2
Category
Tactical, momentum, mean‑reversion, volatility timing, leveraged ETFs, managed futures, risk‑on/risk‑off, event‑driven
OOS Cumulative Return
1745.44%
Pals Minor Spell of Summon Money
Category
Tactical rotation, trend & momentum, leveraged ETFs, volatility hedging, sector rotation, risk-on/risk-off
OOS Cumulative Return
988.59%
Create your own algorithmic trading strategy with FAS using Composer
FAQ
Disclaimers
We show information directly obtained from our data provider, Xignite. Data shown here is provided by Xignite, an unaffiliated third party. Composer believes the information shown here is reliable, but has not been verified and there is no guarantee that the information is accurate.
We show information based on calculations performed by Composer using data from our provider. Information provided here is based on calculations performed by Composer using data sourced from Xignite, an unaffiliated third party. Composer believes this information is reliable, but has not verified the data and there is no guarantee that the calculations are accurate.