Direxion Daily Financial Bull 3X Shares

10-Year Study

FAS.US · · US · ETF

Executive Summary: Direxion Daily Financial Bull 3X Shares has compounded at 19.3% annually over the last 10 years, with a maximum drawdown of 75.0% and an annualized volatility of 60.2%.

1Y CAGR
-4.4%
3Y CAGR
+43.6%
5Y CAGR
+5.4%
10Y CAGR
+19.3%

History & Riski10-year historical performance analysis including CAGR, Max Drawdown, Sharpe & Sortino ratios, annual returns, and rolling volatility — all computed from daily market data.

10-Year Growth of $10,000

Max DrawdownMax DrawdownThe largest peak-to-trough decline in the asset's value over the measurement period.Click for full definition →
75.0%
Sharpe RatioSharpe RatioRisk-adjusted return: how much excess return you earn per unit of total risk (volatility).Click for full definition →
0.68
Sortino RatioSortino RatioLike Sharpe, but only penalizes downside volatility — a more accurate risk measure for asymmetric return distributions.Click for full definition →
0.98
Ann. VolatilityAnnualized VolatilityThe annualized standard deviation of an asset's returns — a measure of how much prices fluctuate.Click for full definition →
55.4%
Best YearBest & Worst YearThe single calendar year with the highest and lowest return in the measured period.Click for full definition →
2021 · +116.6%
Worst YearBest & Worst YearThe single calendar year with the highest and lowest return in the measured period.Click for full definition →
2022 · -43.2%
% Positive Years% Positive YearsThe percentage of calendar years in the measurement period where the asset delivered a positive return.Click for full definition →
60%

Annual Returns

Rolling 12-Month Returns

Rolling 12-Month Annualised Volatility

Historical Drawdowns

Monthly Returns

Monthly Returns Heatmap

YearJanFebMarAprMayJunJulAugSepOctNovDecAnn.
2026-8.5-12.5-12.116.3————————-18.2%
202518.92.8-14.1-12.212.48.4-1.38.2-1.0-9.74.48.521.5%
20247.711.313.7-13.28.1-3.918.611.9-3.06.631.6-16.984.5%
202320.1-7.7-29.08.4-14.019.413.9-9.1-10.3-9.134.315.714.9%
2022-2.1-5.7-2.6-29.28.4-29.921.3-7.5-23.236.019.6-16.2-43.2%
2021-6.236.516.919.012.6-10.1-2.116.1-6.825.2-15.97.8116.6%
2020-1.6-27.6-64.925.110.0-3.011.813.0-14.2-0.852.618.7-35.0%
201928.99.1-1.519.8-14.116.57.2-8.67.34.311.35.2113.0%
201815.2-11.2-7.9-1.31.1-1.610.37.5-5.6-16.87.3-28.5-33.8%
20171.515.2-7.1-0.7-1.713.95.9-2.910.27.89.23.967.4%
2016———7.96.2-10.311.49.0-5.70.726.110.565.1%

Risk X-RayiA 19-factor macroeconomic risk decomposition showing exactly which market forces (equity beta, rates, inflation, credit, commodity, crypto) drive this asset's volatility. Powered by multivariate regression against daily factor returns.

Risk Profile Insight: This asset has an estimated annualized volatility of 60.2%. The dominant macroeconomic risk driver is VTI.US, accounting for 124.0% of variance. Idiosyncratic stock-specific factors contribute 6.5%.

10-Year Historical Price Series (Growth of $10,000)
DateSimulated Value
2016-03-0110000
2016-04-0110787.247637303426
2016-05-0111457.385632134577
2016-06-0110278.564548584289
2016-07-0111453.380253483247
2016-08-0112482.857933033882
2016-09-0111768.279308404619
2016-10-0111853.05982319114
2016-11-0114941.445178763863
2016-12-0116511.8873916402
2017-01-0116754.11743388741
2017-02-0119293.47981575258
2017-03-0117924.927760135037
2017-04-0117803.81273901143
2017-05-0117505.030564853754
2017-06-0119939.442489438195
2017-07-0121106.152070876124
2017-08-0120496.571586606773
2017-09-0122595.866830696457
2017-10-0124364.146139101074
2017-11-0126600.720968157235
2017-12-0127636.44513108078
2018-01-0131847.81468448106
2018-02-0128271.01154884178
2018-03-0126025.806082453582
2018-04-0125693.788802105682
2018-05-0125981.270086497105
2018-06-0125569.288282360118
2018-07-0128215.508444673324
2018-08-0130325.961529291708
2018-09-0128621.29144851658
2018-10-0123823.992218121475
2018-11-0125569.574380835216
2018-12-0118285.50720491326
2019-01-0123566.50359053586
2019-02-0125710.76397829466
2019-03-0125325.198600024793
2019-04-0130348.467942665862
2019-05-0126066.193650521178
2019-06-0130358.147607739917
2019-07-0132549.471194651866
2019-08-0129763.158145700418
2019-09-0131921.389675659695
2019-10-0133282.26475552885
2019-11-0137044.26897071305
2019-12-0138954.78690431913
2020-01-0138312.6865600473
2020-02-0127726.04163686474
2020-03-019736.217205962292
2020-04-0112180.642577175062
2020-05-0113396.608779408536
2020-06-0112999.742511372411
2020-07-0114528.605079201592
2020-08-0116418.95307031347
2020-09-0114091.208193860326
2020-10-0113983.062970274366
2020-11-0121334.458654002035
2020-12-0125330.491421814055
2021-01-0123751.51393776404
2021-02-0132421.346760888428
2021-03-0137913.62687036878
2021-04-0145131.70066470212
2021-05-0150797.642548565214
2021-06-0145665.46505307125
2021-07-0144696.163419448974
2021-08-0151911.56696134809
2021-09-0148365.8531933358
2021-10-0160545.16064429376
2021-11-0150909.650101564956
2021-12-0154863.96017509226
2022-01-0153684.66226075014
2022-02-0150650.44488312877
2022-03-0149341.019845697556
2022-04-0134921.03682087374
2022-05-0137846.20299640469
2022-06-0126533.24941111397
2022-07-0132184.695638905578
2022-08-0129762.633631829405
2022-09-0122865.514643473616
2022-10-0131098.951925919566
2022-11-0137202.3383782031
2022-12-0131169.618249268064
2023-01-0137437.46364165212
2023-02-0134547.201480082775
2023-03-0124516.20747861414
2023-04-0126582.267616513604
2023-05-0122871.04588065879
2023-06-0127303.37882299087
2023-07-0131086.697374569656
2023-08-0128265.337262419056
2023-09-0125346.36988718183
2023-10-0123051.955483077272
2023-11-0130965.96381807951
2023-12-0135819.57676498917
2024-01-0138571.60568000839
2024-02-0142922.829704651005
2024-03-0148797.86189072945
2024-04-0142369.753669212936
2024-05-0145814.3316262791
2024-06-0144035.657406612685
2024-07-0152241.963017003785
2024-08-0158455.49738219895
2024-09-0156729.703697345954
2024-10-0160453.70449842169
2024-11-0179550.06246483373
2024-12-0166075.01502016994
2025-01-0178560.9246702715
2025-02-0180775.37455058696
2025-03-0169399.0501530627
2025-04-0160906.836799893186
2025-05-0168473.04475533812
2025-06-0174230.82424970674
2025-07-0173248.98196625944
2025-08-0179254.3796908229
2025-09-0178495.16970407881
2025-10-0170861.87165622406
2025-11-0173999.03680180051
2025-12-0180264.9271879381
2026-01-0173451.01517275578
2026-02-0164272.022430120436
2026-03-0156504.44883128772
2026-04-0165692.97818975958
Annual Return Matrix
YearAnnual Return
20170.673730232987952
2018-0.33835530878937725
20191.1303640346302286
2020-0.34974637432798994
20211.1659256135806606
2022-0.431874437248174
20230.1491824018675718
20240.8446620811207655
20250.21475458103848433
2026-0.18154814946830633
Total Factor Risk
0.6020384743362053
VTI.US Exposure
1.2396337320411666
VEA.US Exposure
-0.006417757306919124
VWO.US Exposure
0.0007327661171824602
QQQ.US Exposure
-0.22942124304144107
VTV.US Exposure
0.04183024754161109
IJR.US Exposure
0.01798183861237668
QUAL.US Exposure
-0.11517144310482205
SHV.US Exposure
0.004661313636029227
TLT.US Exposure
0.0010886971823291204
LQD.US Exposure
-0.002362288592643296
HYG.US Exposure
0.0037048037573396793
GLD.US Exposure
-0.0052302730971351885
USO.US Exposure
0.0005995413676017183
VNQ.US Exposure
-0.03796175080190273
BTC-USD.CC Exposure
0.001839659913688086
CPER.US Exposure
0.011128242810864043
VIX.INDX Exposure
-0.0028443776381791974
UUP.US Exposure
0.013840944249323733
TIP.US Exposure
-0.0027536513518430193
Idiosyncratic Exposure
0.06512099770537333
Value Score
43.9
Growth Score
50
Profit Score
37.5
Health Score
23.6
Yield Score
100
Moat Score
40

Factor Risk Decomposition

Share of annualised volatility attributable to each macro factor.

Total Est. Vol
60.2%

FundamentalsiCompany financial health metrics: P/E valuation, dividend yield, Piotroski F-Score (9-point profitability signal), Altman Z-Score (bankruptcy risk proxy), and a radar chart across 6 fundamental dimensions. Note: ETFs may show N/A for some metrics.

Fundamental Dimensions

Core Valuation

P/E Ratio (TTM)P/E RatioPrice-to-Earnings ratio — the market price of a stock divided by its earnings per share, a key valuation measure.Click for full definition →15.3x
Dividend YieldDividend YieldAnnual dividend paid per share divided by the current share price — expressed as a percentage income return.Click for full definition →10.25%
Market Cap$212.5B
Piotroski F-ScorePiotroski F-ScoreA 9-point scoring system evaluating a company's financial strength across profitability, leverage, and operating efficiency.Click for full definition →
9-point profitability signal
0.0/ 9
Weak
Altman Z-ScoreAltman Z-ScoreA bankruptcy prediction model that combines 5 financial ratios into a single score indicating financial distress risk.Click for full definition →
Bankruptcy risk proxy
1.18
Distress Zone
Income Simulation

Based on $10,000 initial investment.

Total Income Generated
$286
Avg Yield on Cost
2.86%
Annual Income Simulation Table
Historical Realised Yields
YearAnnual PayoutYield on CostQuality
2026$286.12.86%Solid

Momentum & MacroiPrice momentum indicators relative to key technical levels: distance from 50-Day SMA (intermediate trend), 200-Day SMA (long-term trend), 52-Week High (bullish proximity), and Beta (market sensitivity coefficient).

vs 50-Day SMAMoving Averages (SMA)A rolling average of an asset's price over a defined window — used to identify trends and momentum signals.Click for full definition →
+5.4%
Above/below 50-day moving average
vs 200-Day SMAMoving Averages (SMA)A rolling average of an asset's price over a defined window — used to identify trends and momentum signals.Click for full definition →
-9.0%
Above/below 200-day moving average
vs 52-Week High52-Week HighThe highest price an asset reached in the past 52 weeks — a key reference for momentum and valuation context.Click for full definition →
24.9% from high
Distance from 52-week high
BetaBetaA measure of an asset's sensitivity to broad market movements relative to a benchmark (e.g. S&P 500).Click for full definition →
2.80
Market sensitivity coefficient

Frequently Asked Questions & Methodology

Is Direxion Daily Financial Bull 3X Shares a high-risk investment?

Direxion Daily Financial Bull 3X Shares (FAS.US) has an annualized volatility of 60.2% and experienced a maximum drawdown of 75.0% over the last 10 years. Its primary macro risk driver is VTI.US.

What is the 10-year return of FAS.US?

Over the past 10 years, FAS.US has generated a Compound Annual Growth Rate (CAGR) of 19.3%. It has had a positive return in 60% of the years measured.

Data Methodology & Trust

The risk and return information on this page is pre-calculated mathematically using daily market data spanning a 10-year period. Fundamentals (such as P/E Ratio, Market Cap, and Dividend Yield) represent trailing averages and may not immediately reflect real-time live market fluctuations. Advanced scoring models like the Piotroski F-Score and Altman Z-Score are proxies applied to publicly available trailing-twelve-month financial statements and may not account for recent off-balance-sheet events, qualitative company shifts, or sector-specific capital structures. Macroeconomic factor exposures are estimated via multivariate regression against standard market indices. This data is provided for quantitative insight and backtesting research, and should not be misconstrued as tailored financial advice.

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