FAS
Direxion Daily Financial Bull 3x Shares
The Direxion Daily Financial Bull ETF provides 3x leveraged exposure to a market-cap-weighted index of US large-cap financial companies.
US
EQUITY
Rules-Based
MANAGEMENT STYLE
2.6 B
ASSETS UNDER MGMT
96 bp
EXPENSES
Fund Basics
| Fund sponsor | Direxion |
| Category | US |
| Asset class | Equity |
| Website | link... |
| Inception date | Nov 06, 2008 |
| Assets (mns) | $2,449 |
| Expense ratio | 96 bp |
Fund Structure
| Regulation | Open-Ended Fund |
| Distributions | Quarterly |
| Taxation | 1099 |
| Derivatives-based | Yes |
| Options available | Yes |
| Currency hedged | No |
| Fund of funds | No |
Asset Allocation
Historical Performance
Standardized Performance (as of 06/30/2025)
| YTD | 1 YR | 2 YR | 3 YR | 5 YR | 10 YR | 20 YR | Incep. | |
|---|---|---|---|---|---|---|---|---|
| Price Returns | 11.7% | 66.9% | 62.8% | 38.8% | 40.1% | 18.3% | -- | 10.1% |
| Dividend Yield | 0.3% | 1.1% | 1.8% | 2.0% | 1.5% | 1.0% | -- | 0.6% |
| Total Returns | 12.0% | 68.0% | 64.6% | 40.8% | 41.6% | 19.3% | -- | 10.7% | Ann. Volatility | 71.7% | 61.1% | 50.0% | 55.1% | 58.5% | 62.4% | -- | 76.0% |
Market Correlations
| versus... | Beta | R-squared |
| S&P 500 | 2.87 | 63% |
| MSCI EAFE | 2.44 | 48% |
| MSCI Emg Mkts | 1.34 | 15% |
Liquidity Measures
| Avg. volume (000) | 665 |
| ADV traded (mns) | $112 |
| Turnover | 4.3% |
| Avg. Bid/Ask (% of price) | 0.08% |
Technical Indicators
| Recent close | $168.88 |
| 30d moving avg. | $159.98 |
| Annualized volatility | 58.1% |
| Relative strength (RSI) | 54 |
| Short interest | 1.3% |
Distributions
Assets Under Management (mns)
Money Flows (mns)
Short Interest (as % of shares outstanding)
Long Money Flows (mns)
Expense Analysis
| Peer Group | Rules-Based US Equity ETFs |
| # of ETFs | 609 |
| Avg. Expense Ratio | 46.6 bp |
| Std. Deviation | 32.9 bp |
| FAS (96 bp) Percentile rank | 94 |
Peer Group Expense Ratio Distribution
Total Cost of Ownership (TCO) Comparison
| Expense (bp) (A) |
Avg. Bid/Ask (bp) (B) |
TCO (bp) (A)+(B) |
|
|---|---|---|---|
| FAS | 96.0 | 8.1 | 104.1 |
| Peer Avg. | 49.0 | 19.8 | 68.8 |
For a detailed cost analysis of this and any other ETF use the TCO Comparison Tool .