SPXLvsFASETF Comparison
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Direxion Daily S&P 500 Bull 3X Shares (SPXL) and Direxion Daily Financial Bull 3x Shares ETF (FAS) belong to the same industry segment: Leveraged Equity. SPXL is more expensive with a Total Expense Ratio (TER) of 0.95%, versus 0.92% for FAS. SPXL is up 12.5% year-to-date (YTD) with -$556M in YTD flows. FAS performs worse with 1.7% YTD performance, and -$412M in YTD flows. Run a side-by-side ETF comparison of SPXL and FAS 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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SPXL vs FAS performance and flow charts
Performance
Cumulative Flows
Historic performance and flows
Data as of 11/06/2026
| 1M | 3M | YTD | 1Y | 3Y | 5Y | ||
|---|---|---|---|---|---|---|---|
| Perf. | SPXL FAS | -17.54%+16.31% | -15.24%-6.58% | +12.50%+1.70% | +17.03%+14.63% | +212.07%+214.71% | +84.95%+34.15% |
| Flows | SPXL FAS | -$208M-$205M | -$167M-$207M | -$556M-$412M | -$664M-$590M | -$2.30B-$1.89B | -$1.55B-$1.97B |
Volatility and drawdown
| 3M | 1Y | 3Y | 5Y | ||
|---|---|---|---|---|---|
| Volatility | SPXL FAS | +39.95%+46.20% | +40.09%+45.12% | +45.20%+48.41% | +52.11%+55.91% |
| Max drawdown | SPXL FAS | -18.71%-24.33% | -26.79%-40.86% | -49.12%-43.25% | -63.81%-66.88% |
| Max drawdown duration | SPXL FAS | 85d61d | 94d209d | 228d304d | 890d1007d |
Trading data
SPXL | FAS | |
Last sale 11/6/2026 at 2:30 PM | $246.75 | $168.67 |
| Previous close 11/04/2026 | $244.98 | $171.89 |
| 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 7, 2026
1-year trailing difference
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SPXL | FAS | |
|---|---|---|
| Tracking error | ||
| Tracking difference | ||
| 1 year cumulative return difference | ||
| Best | ||
| Worst | ||
| Daily return difference | ||
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Main metrics
Last update 11/6/2026 at 2:30 PM
Live
Closed
SPXL | FAS | |
|---|---|---|
| Last price | $246.75 | $168.67 |
| 1D performance | +0.72% | -1.87% |
| AuM | $5.92 B | $2.09 B |
| E/R | 0.95% | 0.92% |
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Exposure
Exposure data will be available soon
Frequently asked questions about SPXL and FAS
How have the SPXL and FAS ETFs performed in 2026?
As of November 6, 2026, SPXL is up 12.5% year-to-date (YTD), while FAS has returned 1.7%. That puts SPXL better performer ahead so far this year.
Which ETF is attracting more investor money: SPXL or FAS?
Year-to-date, the SPXL ETF saw -$556M in flows, compared to -$412M for FAS.
Which ETF is more volatile: SPXL or FAS?
Over the past year, SPXL had a volatility of 40.09%, while FAS experienced 45.12%.
Which ETF is bigger: SPXL or FAS?
As of November 6, 2026, SPXL holds $5.92 B in assets under management (AUM), while FAS manages $2.09 B.
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Latest news about SPXL & FAS
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