AAPU vs FAS
Direxion Daily AAPL Bull 2X ETF vs Direxion Daily Financial Bull 3X ETF
Which is better, AAPU or FAS?
Each has led over a different period.
FAS has a lower expense ratio. AAPU led over 1Y, FAS over 3Y and the full window.
MarketXLS is not an investment adviser. This comparison is generated automatically from market data and is for information only. A Best mark means the better reading on that one measure, not a recommendation to buy.
Side-by-Side Comparison
| Metric | AAPU | FAS |
|---|---|---|
| Expense Ratio | 0.97% | 0.89%Best |
| AUM | $170M | $2.1B |
| Dividend Yield | 6.65% | 10.41% |
| Holdings | 22 | 176 |
| YTD Return | +42.47%Best | -11.11% |
| 1Y Return | +65.31%Best | -4.59% |
| 3Y Return (annualized) | +28.68% | +40.50%Best |
| 5Y Return (annualized) | - | +5.72% |
| Volatility (annualized) | 41.9%Best | 52.3% |
| Max Drawdown | -59.9% | -45.2%Best |
| $10,000 over 4.2 years | $21,877 | $22,277Best |
| Fund Family | Direxion Shares ETF Trust | Direxion Shares ETF Trust |
| Category | Alternative | Alternative |
| Style | Trading-Leveraged Equity | Trading-Leveraged Equity |
| Inception | Aug 9, 2022 | Nov 6, 2008 |
Not shown on this pair: Top 10 Weight.
Volatility and max drawdown, and the $10,000 over 4.2 years row, are measured over the window both funds cover: Aug 9, 2022 to Oct 14, 2026 (4.2 years).
AAPU vs FAS growth
Month-end closes. Both lines start at 0% in the first month shown, so the gap between them is the difference in growth across that window. The full view covers the 4.2 years both funds cover.
AAPU vs FAS Performance
Direxion Daily AAPL Bull 2X ETF (AAPU) is an ETF from Direxion Shares ETF Trust and Direxion Daily Financial Bull 3X ETF (FAS) is an ETF from Direxion Shares ETF Trust. Over the past year AAPU returned +65.31% while FAS returned -4.59%. Year to date, AAPU is up 42.47% versus a loss of 11.11% for FAS.
Over three years, AAPU compounded at +28.68% per year against +40.50% for FAS. Across the full 4-year window we track, FAS has the edge at +21.01% annualized vs +20.49%.
Past performance does not guarantee future results.
Risk: Volatility and Drawdowns
FAS has been the more volatile fund, with annualized monthly volatility of 52.3% compared with 41.9% for AAPU. Lower volatility generally means a smoother ride, though it often comes with lower long-run returns.
The deepest peak-to-trough decline in our data was -59.9% for AAPU and -45.2% for FAS. Drawdown depth is what each fund did in the worst stretch of the window measured above.
The two funds' monthly returns correlate at 0.26. They move largely independently of each other.
Fees and Cost Over Time
AAPU charges 0.97% per year while FAS charges 0.89%. On a $10,000 position that is $97 vs $89 annually, a gap of $8 per year that compounds over a long holding period. On income, AAPU currently yields 6.65% against 10.41% for FAS.
Holdings Overlap
At least 28.1% of FAS's money is in holdings AAPU also owns.
Stated as a floor: for AAPU, our book for it covers 85.8% of that fund, so a holding it does not list is one we cannot count as shared. The real figure is this or higher.
FAS and AAPU share little of their money.
3 positions in common, counted across the 4 positions we hold weights for in AAPU and 79 in FAS, against full books of 22 and 176.
28.1% of FAS is already inside AAPU.
You probably hold more than these two. Add the rest and see how much of the whole book is the same companies twice.
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Frequently Asked Questions
Which is cheaper, AAPU or FAS?
AAPU has an expense ratio of 0.97% while FAS charges 0.89%. FAS is the cheaper option, by $8 a year on a $10,000 investment.
Which performed better, AAPU or FAS?
Over the past year AAPU returned +65.31% vs -4.59% for FAS, so AAPU leads on 1-year performance. Over the longest common window we track (4 years), AAPU annualized +20.49% vs +21.01% for FAS. Past performance does not guarantee future results. This is information, not a recommendation.
Which is riskier, AAPU or FAS?
FAS has been the more volatile fund at 52.3% annualized versus 41.9% for AAPU. Worst drawdown: AAPU -59.9% vs FAS -45.2%.
Should I hold both AAPU and FAS?
AAPU and FAS have a monthly-return correlation of 0.26, so their returns are far enough apart for the mix to behave differently from either one alone. This is information, not a recommendation.
What is the holdings overlap between AAPU and FAS?
At least 28.1% of FAS's money is in holdings AAPU also owns. Our book for AAPU is partial, so the real figure is this or higher. They hold 3 positions in common, counted across the 4 positions we hold weights for in AAPU and 79 in FAS.
Which pays a higher dividend, AAPU or FAS?
AAPU yields 6.65% while FAS yields 10.41%, so FAS currently pays the higher dividend yield.
Is FAS better than AAPU?
FAS has a lower expense ratio. AAPU led over 1Y, FAS over 3Y and the full window. Which one suits a particular account depends on what it is for. This is information, not a recommendation.