Direxion Daily Financial Bull 3X Shares (FAS) Performance
FAS total return
Distributions reinvested · as of Oct 23, 2026- YTD
- −3.8% since Dec 31, 2025
- 1 year
- +7.3% total return
- 5 years
- +4.6% a year
- 10 years
- +20.6% a year
- Since first price
- +10.1% a year since 2008
FAS trailing returns vs SPY, QQQ, AGG
| Period | FAS total return | Price only | S&P 500 (SPY) | Nasdaq-100 (QQQ) | U.S. bonds (AGG) |
|---|---|---|---|---|---|
| 1 month | +6.2% | +6.2% | −1.0% | −5.0% | +0.9% |
| 3 months | −2.4% | −3.0% | +3.2% | +1.9% | −0.4% |
| 6 months | +19.0% | +17.9% | +7.8% | +8.4% | −1.5% |
| YTD | −3.8% | −5.2% | +12.3% | +15.1% | −1.0% |
| 1 year | +7.3% | −2.2% | +14.4% | +15.9% | −1.1% |
| 3 years | +244.8%+51.1%/yr | +207.3% | +87.4%+23.3%/yr | +101.4%+26.3%/yr | +16.6%+5.2%/yr |
| 5 years | +25.4%+4.6%/yr | +8.4% | +79.3%+12.4%/yr | +94.0%+14.2%/yr | −0.8%−0.2%/yr |
| 10 years | +550.2%+20.6%/yr | +442.4% | +315.9%+15.3%/yr | +538.9%+20.4%/yr | +14.0%+1.3%/yr |
| 15 years | +3,259.6%+26.4%/yr | +2,702.5% | +696.0%+14.8%/yr | +1,299.3%+19.2%/yr | +32.2%+1.9%/yr |
| Since inceptionNov 6, 2008 | +466.6%+10.1%/yr | +367.7% | — | — | — |
Total return from adjusted closes (distributions reinvested, before tax). Periods of 3 years or more are also shown annualized. Price only excludes distributions.
Growth of $10,000: FAS vs SPY
From Nov 6, 2008: FAS grew to $56,656, SPY to $115,890.
Year-end values with distributions reinvested, no taxes or trading costs. Start: first common trading day of both funds.
FAS returns by calendar year
11 of 17 full years positive. Best 2013 (+125.9%), worst 2011 (−53.4%). 2026 is year to date.
FAS annual returns table
| Year | FAS | Largest drop | SPY | QQQ | AGG |
|---|---|---|---|---|---|
| 2026YTD | −3.8% | −40.9% | +12.3% | +15.1% | −1.0% |
| 2025 | +21.5% | −43.1% | +17.7% | +20.8% | +7.2% |
| 2024 | +84.5% | −20.8% | +24.9% | +25.6% | +1.3% |
| 2023 | +14.9% | −45.2% | +26.2% | +54.9% | +5.7% |
| 2022 | −43.2% | −64.9% | −18.2% | −32.6% | −13.0% |
| 2021 | +116.6% | −24.3% | +28.7% | +27.4% | −1.8% |
| 2020 | −35.0% | −86.0% | +18.3% | +48.6% | +7.5% |
| 2019 | +113.0% | −19.7% | +31.2% | +39.0% | +8.5% |
| 2018 | −33.8% | −53.7% | −4.6% | −0.1% | +0.1% |
| 2017 | +67.4% | −18.2% | +21.7% | +32.7% | +3.6% |
| 2016 | +40.7% | −40.2% | +12.0% | +7.1% | +2.4% |
| 2015 | −8.6% | −32.3% | +1.2% | +9.4% | +0.5% |
| 2014 | +40.8% | −19.6% | +13.5% | +19.2% | +6.0% |
| 2013 | +125.9% | −19.1% | +32.3% | +36.6% | −2.0% |
| 2012 | +84.9% | −39.0% | +16.0% | +18.1% | +3.8% |
| 2011 | −53.4% | −72.7% | +1.9% | +3.4% | +7.7% |
| 2010 | +13.0% | −55.3% | +15.1% | +19.9% | +6.4% |
| 2009 | −41.5% | −89.9% | +26.4% | +54.7% | +3.0% |
Largest drop = deepest fall from a high within that calendar year.
Calendar-year return vs largest drop within the year
Most years include a sizable fall at some point even when the year ends higher.
FAS largest drawdowns
Now 13.9% below the high| Peak | Decline | Bottom | Recovered | Fall | Underwater |
|---|---|---|---|---|---|
| Nov 7, 2008 | −94.8% | Mar 6, 2009 | Jul 16, 2015 | 4 months | 6.7 years |
| Feb 14, 2020 | −86.0% | Mar 23, 2020 | Apr 27, 2021 | 38 days | 1.2 years |
| Jan 12, 2022 | −66.9% | Oct 27, 2023 | Oct 16, 2024 | 1.8 years | 2.8 years |
| Jan 26, 2018 | −53.7% | Dec 24, 2018 | Jul 24, 2019 | 11 months | 1.5 years |
| Jul 22, 2015 | −53.3% | Feb 11, 2016 | Nov 14, 2016 | 7 months | 1.3 years |
| Feb 6, 2025 | −43.1% | Apr 8, 2025 | Dec 22, 2025 | 2 months | 10 months |
Declines from a closing high (distributions reinvested) of 10% or more. Underwater = time from the peak until the old high was regained.
FAS risk statistics
| Statistic | 3 years | 5 years | 10 years | Since 2008 |
|---|---|---|---|---|
| Annualized return | +39.0% | +7.1% | +19.2% | +12.4% |
| Volatility (annualized) | 46.3% | 54.6% | 56.1% | 57.7% |
| Sharpe ratio | 0.84 | 0.33 | 0.58 | 0.50 |
| Sortino ratio | 1.54 | 0.51 | 0.90 | 0.75 |
| Best month | +34.3% | +36.0% | +52.6% | +52.6% |
| Worst month | −21.0% | −29.9% | −64.9% | −64.9% |
| Best 12 months | +162.2% | +162.2% | +333.0% | +333.0% |
| Worst 12 months | −20.4% | −52.7% | −61.6% | −61.6% |
| Positive months | 58% | 52% | 56% | 57% |
| Beta vs S&P 500 | 2.42 | 2.62 | 2.98 | — |
| Correlation with S&P 500 | 0.65 | 0.75 | 0.81 | — |
From monthly total returns. Sharpe and Sortino use 1–3 month T-bills (BIL) as the risk-free rate, so they need history from 2007 on.
FAS rolling returns
| Holding period | Periods | Worst | Median | Best | Positive |
|---|---|---|---|---|---|
| 1-year | 204 | −61.6% | +24.4% | +333.0% | 64% |
| 3-year (a year) | 180 | −37.4% | +24.2% | +80.9% | 83% |
| 5-year (a year) | 156 | −4.6% | +23.7% | +49.9% | 95% |
| 10-year (a year) | 96 | +6.1% | +20.5% | +39.1% | 100% |
Every holding period starting at a month-end since 2008. Returns for 3 years and longer are annualized.
FAS performance overview
Direxion Daily Financial Bull 3X Shares (FAS) returned +7.3% over the past year and +20.6% a year over ten years, with distributions reinvested. Since its first recorded price in 2008 it has returned +10.1% a year, turning $10,000 into about $56,656. Over the same year S&P 500 (SPY) returned +14.4%.
The deepest decline was −94.8%, from Nov 7, 2008 to Mar 6, 2009, and it took 6.4 years to get back to the old high. FAS finished 11 of its 17 full calendar years with a gain; the best year was 2013 (+125.9%) and the worst 2011 (−53.4%). Volatility has been 57.7% a year.
Related: FAS chart, FAS dividends. See the FAS overview for the latest quote and fund facts.
FAS performance FAQ
What is the FAS return over the past year?
FAS returned +7.3% over the 12 months to October 23, 2026, including reinvested distributions. On price alone it fell 2.2%.
What is the average annual return of FAS?
FAS has returned +4.6% a year over 5 years, +20.6% a year over 10 years, +10.1% a year since November 6, 2008 (total return, distributions reinvested).
How much would $10,000 invested in FAS be worth?
$10,000 invested in FAS at its first recorded close on November 6, 2008 would be worth about $56,656 on October 23, 2026 with distributions reinvested.
What was the worst year for FAS?
The worst calendar year was 2011, with a total return of −53.4%. The best was 2013 at +125.9%.
What is the biggest drawdown of FAS?
The largest peak-to-trough decline was −94.8% between November 7, 2008 and March 6, 2009. It recovered to the old high on July 16, 2015, 6.4 years after the bottom.
How volatile is FAS?
Over the past 3 years FAS had an annualized volatility of 46.3% and a Sharpe ratio of 0.84 (excess return over 1–3 month T-bills per unit of risk).