FAS ETF — Direxion Daily Financial Bull 3X Shares

Direxion Daily Financial Bull 3X Shares (FAS)

Updated October 27, 2026.

FAS is an ETF. Its distribution rate is 2.51%, its trailing-12-month yield is 9.18%, its expense ratio is 0.88%. Dividend Vision Distribution Safety Score™ is 52/100 (Caution). Total return is 465.2% over the past 18 years, 608.5 points behind SPY at 1073.7%.

Direxion Daily Financial Bull 3X Shares is an ETF that seeks to deliver three times the daily performance of an index of financial sector companies, including banks, insurance firms, capital markets businesses, and consumer finance providers, using leveraged financial instruments and swap agreements. The fund distributes a modest yield quarterly with an expense ratio of 0.88%. It appeals to traders and investors seeking short-term, amplified exposure to financial sector price movements, though the daily rebalancing means it is not designed to track the underlying index over longer periods.

FAS performance versus SPY

As of Oct 27, 2026

Total return is 465.2% over the past 18 years, 608.5 points behind SPY at 1073.7%. Over the past year its total return — price change plus distributions reinvested — is 2.7%. Its deepest 1-year drawdown was 40.9%.

FAS key facts

Distribution Safety Score™

52 · Caution

Safety-Adjusted Yield

1.31%

Issuer

Direxion

Asset type

ETF

Asset class

Equity

Inception date

11/06/2008

Expense ratio

0.88%

Distribution rate

2.51%

Distribution frequency

Quarterly

Trailing yield

9.18%

Last close

$159.24 (as of 2026-10-27)

AUM

$2,102,846,334

Average volume

169,963

Dividend

$1.00

Ex-dividend date

09/22/2026

Payment date

09/29/2026

Beta

2.39

How Dividend Vision calculates yield and returns

Distribution rate (2.51%) has no calculation basis on file. Issuer rates can use a different denominator and date, including ex-date NAV. Trailing-12-month yield (9.18%) is the sum of split-adjusted cash distributions with ex-dates in the last 12 months, divided by the published price. It lags a recent raise or cut. Total return uses split-adjusted close with distributions reinvested on the ex-dividend date (a modeling convention, not the cash-settlement date) from the first stored bar on or after inception through the latest bar, compared with the same window on the benchmark. That is the security's total return, not your personal gain/loss.

Yield and safety methodology · Distribution rate methodology · Distribution Safety Score methodology

Sources and review

Primary sources: Direxion; prices and distributions from Dividend Vision, derived from vendor EOD data.

Reviewed by Bert Sweet, CEO and Co-owner of Dividend Vision. Methodology: Distribution Safety Score.

FAS risks and drawbacks

FAS's current distribution rate is moderate, not a high-yield payout — the strategy is dividend quality more than maximum income. Payments are quarterly, so cash flow is lumpy versus a monthly fund. Total return has trailed SPY over the available window. The deepest 1-year drawdown on record here is 40.9%.

Who may consider FAS — and who may not

FAS may suit someone looking for moderate current income with a quality tilt. It is a weaker fit for investors who need monthly cash flow (FAS pays quarterly); investors hunting double-digit covered-call yields; investors whose main goal is matching SPY total return. This is educational context, not a recommendation to buy or sell.

More on FAS

• All tickers starting with F

Tagged: Financials, Leverage.

Frequently asked questions

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