BRKD vs FAZ
Direxion Daily BRKB Bear 1X ETF vs Direxion Daily Financial Bear 3X ETF
Which is better, BRKD or FAZ?
BRKD has been ahead.
BRKD has a lower expense ratio. BRKD 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 | BRKD | FAZ |
|---|---|---|
| Expense Ratio | 1.00%Best | 1.04% |
| AUM | $1M | $93M |
| Dividend Yield | 2.82% | 2.53% |
| Holdings | 7 | 16 |
| Volatility (annualized) | 16.8%Best | 32.0% |
| Max Drawdown | -17.9%Best | -54.5% |
| $10,000 over 1.3 years | $10,083Best | $8,292 |
| Fund Family | Direxion Shares ETF Trust | Direxion Shares ETF Trust |
| Category | Alternative | Alternative |
| Style | Trading-Inverse Equity | Trading-Inverse Equity |
| Inception | Dec 11, 2024 | Nov 6, 2008 |
Not shown on this pair: YTD Return, 1Y Return, 3Y Return (annualized), 5Y Return (annualized), Top 10 Weight.
The two price series end 187 days apart, so a return over any period would be measuring two different stretches of market. Those rows are withheld. BRKD has data through Apr 10, 2026 and FAZ through Oct 14, 2026.
Volatility and max drawdown, and the $10,000 over 1.3 years row, are measured over the window both funds cover: Dec 11, 2024 to Apr 10, 2026 (1.3 years).
Risk: Volatility and Drawdowns
FAZ has been the more volatile fund, with annualized monthly volatility of 32.0% compared with 16.8% for BRKD. 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 -17.9% for BRKD and -54.5% 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 0.12. They move largely independently of each other.
Fees and Cost Over Time
BRKD charges 1.00% per year while FAZ charges 1.04%. On a $10,000 position that is $100 vs $104 annually, a gap of $4 per year that compounds over a long holding period. On income, BRKD currently yields 2.82% against 2.53% for FAZ.
Holdings Overlap
We hold position weights for 3 holdings in BRKD and 3 in FAZ, totalling 99.9% 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, 2 positions appear in both.
The two holdings books were reported 248 days apart, BRKD as of Jan 30, 2026 and FAZ as of Oct 5, 2026, so some of the difference between them is the time between the two reports rather than the funds.
2 positions in common, counted across the 3 positions we hold weights for in BRKD and 3 in FAZ, against full books of 7 and 16.
You are not choosing between two funds in isolation.
Whichever of BRKD 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, BRKD or FAZ?
BRKD has an expense ratio of 1.00% while FAZ charges 1.04%. BRKD is the cheaper option, by $4 a year on a $10,000 investment.
Which is riskier, BRKD or FAZ?
FAZ has been the more volatile fund at 32.0% annualized versus 16.8% for BRKD. Worst drawdown: BRKD -17.9% vs FAZ -54.5%.
Should I hold both BRKD and FAZ?
BRKD and FAZ have a monthly-return correlation of 0.12, 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, BRKD or FAZ?
BRKD yields 2.82% while FAZ yields 2.53%, so BRKD currently pays the higher dividend yield.
Is FAZ better than BRKD?
BRKD has a lower expense ratio. BRKD 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.