(FAS) Direxion Daily Financial - Overview
Etf: Leveraged, Financials, ETF, Swaps, Banks
Dividends
| Dividend Yield | 8.58% |
| Yield on Cost 5y | 10.43% |
| Yield CAGR 5y | 105.11% |
| Payout Consistency | 51.1% |
| Payout Ratio | - |
| Risk 5d forecast | |
|---|---|
| Volatility | 47.1% |
| Relative Tail Risk | 2.97% |
| Reward TTM | |
|---|---|
| Sharpe Ratio | 0.07 |
| Alpha | -34.14 |
| Character TTM | |
|---|---|
| Beta | 2.500 |
| Beta Downside | 2.730 |
| Drawdowns 3y | |
|---|---|
| Max DD | 44.59% |
| CAGR/Max DD | 0.58 |
Description: FAS Direxion Daily Financial January 12, 2026
Direxion Daily Financial Bull 3X Shares (ticker FAS) is a U.S.-registered, non-diversified ETF that aims to deliver **three-times the daily return** of its underlying financial-services index. To achieve this, at least 80 % of its net assets are placed in leveraged instruments-total-return swaps, index-linked securities, and other ETFs-that together provide the 3× exposure.
Performance of FAS is driven primarily by three sector-specific levers: (1) **U.S. bank earnings**, where a quarter-over-quarter earnings beat typically adds 0.5-1 % to the index; (2) **Federal Reserve interest-rate policy**, with a 25 bp hike historically lifting the index by roughly 0.3 % via wider net-interest margins; and (3) **Mortgage REIT spreads**, where a 10-basis-point widening of the Bloomberg REIT Index spread has added about 0.2 % to daily returns. As of Q4 2025, the fund’s 30-day implied volatility is ~45 %, reflecting the amplified risk inherent in daily-reset leverage.
Because the ETF resets its leverage each day and exhibits high volatility, running scenario-based back-tests-such as those available on ValueRay-can help you gauge how FAS would perform under different rate-cycle or earnings-shock conditions.
What is the price of FAS shares?
Over the past week, the price has changed by -1.68%, over one month by -15.73%, over three months by +1.23% and over the past year by -8.41%.
Is FAS a buy, sell or hold?
What are the forecasts/targets for the FAS price?
| Issuer | Target | Up/Down from current |
|---|---|---|
| Wallstreet Target Price | - | - |
| Analysts Target Price | - | - |
| ValueRay Target Price | 180.2 | 18.3% |
FAS Fundamental Data Overview February 04, 2026
EBIT TTM = 0.0 USD
EBITDA TTM = 0.0 USD
Long Term Debt = unknown (none)
Short Term Debt = unknown (none)
Debt = unknown
Net Debt = unknown
Enterprise Value = 2.23b USD (2.23b + (null Debt) - (null CCE))
Interest Coverage Ratio = unknown (Ebit TTM 0.0 / Interest Expense TTM 0.0)
EV/FCF = unknown (FCF TTM 0.0)
FCF Yield = 0.0% (FCF TTM 0.0 / Enterprise Value 2.23b)
FCF Margin = unknown (Revenue TTM is 0 or missing)
Net Margin = unknown
Gross Margin = unknown ((Revenue TTM 0.0 - Cost of Revenue TTM 0.0) / Revenue TTM)
Tobins Q-Ratio = unknown (Enterprise Value 2.23b / Total Assets none)
Interest Expense / Debt = unknown (Interest Expense 0.0 / Debt none)
Taxrate = 21.0% (US default 21%)
NOPAT = 0.0 (EBIT 0.0 * (1 - 21.00%))
Current Ratio = unknown (Total Current Assets none / Total Current Liabilities none)
Debt / Equity = unknown (Debt none)
Debt / EBITDA = unknown (Net Debt none / EBITDA 0.0)
Debt / FCF = unknown (Net Debt none / FCF TTM 0.0)
Total Stockholder Equity = 0.0 (from calculated bookValueOfEquity)
RoA = unknown (Net Income 0.0 / Total Assets none)
RoE = unknown (Net Income TTM 0.0 / Total Stockholder Equity 0.0)
RoCE = unknown (EBIT 0.0 / Capital Employed )
RoIC = unknown (NOPAT 0.0, Invested Capital 0.0, EBIT 0.0)
WACC = 15.13% (E(2.23b)/V(2.23b) * Re(15.13%) + (debt-free company))
Discount Rate = 15.13% (= CAPM, Blume Beta Adj.)
Fair Price DCF = unknown (Cash Flow 0.0)