FASvsSPXLETF Comparison
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Direxion Daily Financial Bull 3x Shares ETF (FAS) and Direxion Daily S&P 500 Bull 3X Shares (SPXL) belong to the same industry segment: Leveraged Equity. FAS is less expensive with a Total Expense Ratio (TER) of 0.92%, versus 0.95% for SPXL. FAS is up 3.84% year-to-date (YTD) with -$404M in YTD flows. SPXL performs better with 11.52% YTD performance, and -$716M in YTD flows. Run a side-by-side ETF comparison of FAS and SPXL below, and assess how they stack up in performance, liquidity, risk, exposure, holdings, and more, helping you select the best ETF for your investments.
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FAS vs SPXL performance and flow charts
Performance
Cumulative Flows
Historic performance and flows
Data as of 11/05/2026
| 1M | 3M | YTD | 1Y | 3Y | 5Y | ||
|---|---|---|---|---|---|---|---|
| Perf. | FAS SPXL | +19.58%-16.85% | -5.70%-16.45% | +3.84%+11.52% | +15.88%+12.09% | +221.34%+209.35% | +38.62%+83.83% |
| Flows | FAS SPXL | -$197M-$398M | -$199M-$488M | -$404M-$716M | -$581M-$989M | -$1.88B-$2.46B | -$1.97B-$1.73B |
Volatility and drawdown
| 3M | 1Y | 3Y | 5Y | ||
|---|---|---|---|---|---|
| Volatility | FAS SPXL | +46.08%+39.90% | +45.08%+40.23% | +48.43%+45.22% | +55.90%+52.10% |
| Max drawdown | FAS SPXL | -24.33%-18.71% | -40.86%-26.79% | -43.25%-49.12% | -66.88%-63.81% |
| Max drawdown duration | FAS SPXL | 61d84d | 209d94d | 304d228d | 1007d890d |
Trading data
FAS | SPXL | |
Last sale 11/5/2026 at 2:30 PM | $171.89 | $244.98 |
| Previous close 11/04/2026 | $187.40 | $281.79 |
| Consolidated volume 11/04/2026 | ||
| Average volume 30 days | ||
| Average discount or premium 30 days | ||
| Average Bid/Ask spread 30 days |
Replication quality
Data as of November 6, 2026
1-year trailing difference
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FAS | SPXL | |
|---|---|---|
| Tracking error | ||
| Tracking difference | ||
| 1 year cumulative return difference | ||
| Best | ||
| Worst | ||
| Daily return difference | ||
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Main metrics
Last update 11/5/2026 at 2:30 PM
Live
Closed
FAS | SPXL | |
|---|---|---|
| Last price | $171.89 | $244.98 |
| 1D performance | -8.28% | -13.06% |
| AuM | $2.14 B | $5.71 B |
| E/R | 0.92% | 0.95% |
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Exposure
Exposure data will be available soon
Frequently asked questions about FAS and SPXL
How have the FAS and SPXL ETFs performed in 2026?
As of November 5, 2026, FAS is up 3.84% year-to-date (YTD), while SPXL has returned 11.52%. That puts SPXL better performer ahead so far this year.
Which ETF is attracting more investor money: FAS or SPXL?
Year-to-date, the FAS ETF saw -$404M in flows, compared to -$716M for SPXL.
Which ETF is more volatile: FAS or SPXL?
Over the past year, FAS had a volatility of 45.08%, while SPXL experienced 40.23%.
Which ETF is bigger: FAS or SPXL?
As of November 5, 2026, FAS holds $2.14 B in assets under management (AUM), while SPXL manages $5.71 B.
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Latest news about FAS & SPXL
Leveraged ETFs to take advantage of volatility
December 6, 2022
SPXL
Leverage ETFs, effective but potentially dangerous
June 22, 2022
SPXL
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