AVL vs FAS
Direxion Daily AVGO Bull 2X ETF vs Direxion Daily Financial Bull 3X ETF
Which is better, AVL or FAS?
Each has led over a different period.
FAS has a lower expense ratio. AVL led over the full window, FAS over 1Y.
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 | AVL | FAS |
|---|---|---|
| Expense Ratio | 1.00% | 0.88%Best |
| AUM | $184M | $2.1B |
| Dividend Yield | 43.37% | 8.89% |
| Holdings | 23 | 183 |
| YTD Return | -25.09% | +8.58%Best |
| 1Y Return | -30.78% | +18.59%Best |
| 3Y Return (annualized) | - | +49.69% |
| 5Y Return (annualized) | - | +7.99% |
| Volatility (annualized) | 108.0% | 46.5%Best |
| Max Drawdown | -70.6% | -43.1%Best |
| $10,000 over 2.1 years | $16,331Best | $15,269 |
| Fund Family | Direxion Shares ETF Trust | Direxion Shares ETF Trust |
| Category | Alternative | Alternative |
| Style | Trading-Leveraged Equity | Trading-Leveraged 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 2.1 years row, are measured over the window both funds cover: Oct 10, 2024 to Nov 11, 2026 (2.1 years).
AVL 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 2.1 years both funds cover.
AVL vs FAS Performance
Direxion Daily AVGO Bull 2X ETF (AVL) 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 AVL returned -30.78% while FAS returned +18.59%. Year to date, AVL is down 25.09% versus a gain of 8.58% for FAS.
Past performance does not guarantee future results.
Risk: Volatility and Drawdowns
AVL has been the more volatile fund, with annualized monthly volatility of 108.0% compared with 46.5% 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 -70.6% for AVL and -43.1% 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 -0.07. They move largely independently of each other.
Fees and Cost Over Time
AVL charges 1.00% per year while FAS charges 0.88%. On a $10,000 position that is $100 vs $88 annually, a gap of $12 per year that compounds over a long holding period. On income, AVL currently yields 43.37% against 8.89% for FAS.
Holdings Overlap
We hold position weights for 2 holdings in AVL and 77 in FAS, totalling 45.6% and 73.4% 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, 1 positions appear in both.
1 positions in common, counted across the 2 positions we hold weights for in AVL and 77 in FAS, against full books of 23 and 183.
Top Shared Holdings
| Stock | Weight in AVL | Weight in FAS | Difference |
|---|---|---|---|
| DIRXXDreyfus Trsy Prime Cash Mgmt - In 0.0 30-December-2049 | 25.72% | 3.00% | 22.72% |
You are not choosing between two funds in isolation.
Whichever of AVL and FAS 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, AVL or FAS?
AVL has an expense ratio of 1.00% while FAS charges 0.88%. FAS is the cheaper option, by $12 a year on a $10,000 investment.
Which performed better, AVL or FAS?
Over the past year AVL returned -30.78% vs +18.59% for FAS, so FAS leads on 1-year performance. Over the longest common window we track (2 years), AVL annualized +26.31% vs +22.33% for FAS. Past performance does not guarantee future results. This is information, not a recommendation.
Which is riskier, AVL or FAS?
AVL has been the more volatile fund at 108.0% annualized versus 46.5% for FAS. Worst drawdown: AVL -70.6% vs FAS -43.1%.
Should I hold both AVL and FAS?
AVL and FAS have a monthly-return correlation of -0.07, 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, AVL or FAS?
AVL yields 43.37% while FAS yields 8.89%, so AVL currently pays the higher dividend yield.
Is FAS better than AVL?
FAS has a lower expense ratio. AVL led over the full window, FAS over 1Y. Which one suits a particular account depends on what it is for. This is information, not a recommendation.