FAS vs FBL
Direxion Daily Financial Bull 3X ETF vs GraniteShares 2x Long META Daily ETF
Which is better, FAS or FBL?
Each has led over a different period.
FAS has a lower expense ratio. FAS led over 1Y and 3Y, FBL over 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 | FAS | FBL |
|---|---|---|
| Expense Ratio | 0.89%Best | 1.09% |
| AUM | $2.1B | $191M |
| Dividend Yield | 10.41% | 2.12% |
| Holdings | 176 | 4 |
| YTD Return | -11.11% | +3.39%Best |
| 1Y Return | -4.59%Best | -17.03% |
| 3Y Return (annualized) | +40.50%Best | +34.23% |
| 5Y Return (annualized) | +5.72% | - |
| Volatility (annualized) | 48.3%Best | 67.9% |
| Max Drawdown | -45.2%Best | -63.2% |
| $10,000 over 3.8 years | $21,363 | $91,553Best |
| Fund Family | Direxion Shares ETF Trust | GraniteShares |
| Category | Alternative | Alternative |
| Style | Trading-Leveraged Equity | Trading-Leveraged Equity |
| Inception | Nov 6, 2008 | Dec 13, 2022 |
Not shown on this pair: Top 10 Weight.
Volatility and max drawdown, and the $10,000 over 3.8 years row, are measured over the window both funds cover: Dec 13, 2022 to Oct 14, 2026 (3.8 years).
FAS vs FBL 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 3.8 years both funds cover.
FAS vs FBL Performance
Direxion Daily Financial Bull 3X ETF (FAS) is an ETF from Direxion Shares ETF Trust and GraniteShares 2x Long META Daily ETF (FBL) is an ETF from GraniteShares. Over the past year FAS returned -4.59% while FBL returned -17.03%. Year to date, FAS is down 11.11% versus a gain of 3.39% for FBL.
Over three years, FAS compounded at +40.50% per year against +34.23% for FBL. Across the full 4-year window we track, FBL has the edge at +79.09% annualized vs +22.11%.
Past performance does not guarantee future results.
Risk: Volatility and Drawdowns
FBL has been the more volatile fund, with annualized monthly volatility of 67.9% compared with 48.3% for FAS. 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 -45.2% for FAS and -63.2% for FBL. Drawdown depth is what each fund did in the worst stretch of the window measured above.
The two funds' monthly returns correlate at 0.15. They move largely independently of each other.
Fees and Cost Over Time
FAS charges 0.89% per year while FBL charges 1.09%. On a $10,000 position that is $89 vs $109 annually, a gap of $20 per year that compounds over a long holding period. On income, FAS currently yields 10.41% against 2.12% for FBL.
You are not choosing between two funds in isolation.
Whichever of FAS and FBL 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, FAS or FBL?
FAS has an expense ratio of 0.89% while FBL charges 1.09%. FAS is the cheaper option, by $20 a year on a $10,000 investment.
Which performed better, FAS or FBL?
Over the past year FAS returned -4.59% vs -17.03% for FBL, so FAS leads on 1-year performance. Over the longest common window we track (4 years), FAS annualized +22.11% vs +79.09% for FBL. Past performance does not guarantee future results. This is information, not a recommendation.
Which is riskier, FAS or FBL?
FBL has been the more volatile fund at 67.9% annualized versus 48.3% for FAS. Worst drawdown: FAS -45.2% vs FBL -63.2%.
Should I hold both FAS and FBL?
FAS and FBL have a monthly-return correlation of 0.15, 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, FAS or FBL?
FAS yields 10.41% while FBL yields 2.12%, so FAS currently pays the higher dividend yield.
Is FBL better than FAS?
FAS has a lower expense ratio. FAS led over 1Y and 3Y, FBL over the full window. Which one suits a particular account depends on what it is for. This is information, not a recommendation.