AVS vs FAZ
Direxion Daily AVGO Bear 1X ETF vs Direxion Daily Financial Bear 3X ETF
Which is better, AVS or FAZ?
FAZ has been ahead.
AVS has a lower expense ratio. FAZ led over 1Y 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 | AVS | FAZ |
|---|---|---|
| Expense Ratio | 1.03%Best | 1.04% |
| AUM | $14M | $93M |
| Dividend Yield | 3.26% | 2.53% |
| Holdings | 16 | 16 |
| YTD Return | -10.04% | -0.09%Best |
| 1Y Return | -14.28% | -8.61%Best |
| 3Y Return (annualized) | - | -40.22% |
| 5Y Return (annualized) | - | -26.94% |
| Volatility (annualized) | 45.5% | 42.8%Best |
| Max Drawdown | -76.6% | -60.1%Best |
| $10,000 over 2 years | $3,575 | $5,124Best |
| Fund Family | Direxion Shares ETF Trust | Direxion Shares ETF Trust |
| Category | Alternative | Alternative |
| Style | Trading-Inverse Equity | Trading-Inverse Equity |
| Inception | Oct 10, 2024 | Nov 6, 2008 |
Not shown on this pair: Top 10 Weight.
Volatility and max drawdown, and the $10,000 over 2 years row, are measured over the window both funds cover: Oct 10, 2024 to Oct 14, 2026 (2 years).
AVS vs FAZ 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 2 years both funds cover.
AVS vs FAZ Performance
Direxion Daily AVGO Bear 1X ETF (AVS) is an ETF from Direxion Shares ETF Trust and Direxion Daily Financial Bear 3X ETF (FAZ) is an ETF from Direxion Shares ETF Trust. Over the past year AVS returned -14.28% while FAZ returned -8.61%. Year to date, AVS is down 10.04% versus a loss of 0.09% for FAZ.
Past performance does not guarantee future results.
Risk: Volatility and Drawdowns
AVS has been the more volatile fund, with annualized monthly volatility of 45.5% compared with 42.8% for FAZ. 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 -76.6% for AVS and -60.1% for FAZ. Drawdown depth is what each fund did in the worst stretch of the window measured above.
The two funds' monthly returns correlate at -0.03. They move largely independently of each other.
Fees and Cost Over Time
AVS charges 1.03% per year while FAZ charges 1.04%. On a $10,000 position that is $103 vs $104 annually, a gap of $1 per year that compounds over a long holding period. On income, AVS currently yields 3.26% against 2.53% for FAZ.
Holdings Overlap
We hold position weights for 3 holdings in AVS and 3 in FAZ, totalling 116.4% and 102.9% of the two funds. Neither is a share of a fund we can divide by, so no overlap percentage is shown here. Within what we can see, 3 positions appear in both.
3 positions in common, counted across the 3 positions we hold weights for in AVS and 3 in FAZ, against full books of 16 and 16.
You are not choosing between two funds in isolation.
Whichever of AVS and FAZ you pick has to sit alongside everything else you own. Add the rest and see what the combination actually holds.
Free for up to 10 holdings. No account needed.
Frequently Asked Questions
Which is cheaper, AVS or FAZ?
AVS has an expense ratio of 1.03% while FAZ charges 1.04%. AVS is the cheaper option, by $1 a year on a $10,000 investment.
Which performed better, AVS or FAZ?
Over the past year AVS returned -14.28% vs -8.61% for FAZ, so FAZ leads on 1-year performance. Over the longest common window we track (2 years), AVS annualized -40.21% vs -28.42% for FAZ. Past performance does not guarantee future results. This is information, not a recommendation.
Which is riskier, AVS or FAZ?
AVS has been the more volatile fund at 45.5% annualized versus 42.8% for FAZ. Worst drawdown: AVS -76.6% vs FAZ -60.1%.
Should I hold both AVS and FAZ?
AVS and FAZ have a monthly-return correlation of -0.03, so their returns are far enough apart for the mix to behave differently from either one alone. This is information, not a recommendation.
Which pays a higher dividend, AVS or FAZ?
AVS yields 3.26% while FAZ yields 2.53%, so AVS currently pays the higher dividend yield.
Is FAZ better than AVS?
AVS has a lower expense ratio. FAZ led over 1Y and the full window. Which one suits a particular account depends on what it is for. This is information, not a recommendation.