FAS vs VOO
FAS vs VOO
Direxion Daily Financial Bull 3X ETF vs Vanguard S&P 500 ETF
Quick Verdict
VOO has a lower expense ratio. VOO delivered stronger 1-year returns. VOO offers more diversification with 505 holdings.
Side-by-Side Comparison
| Metric | FAS | VOO | Winner |
|---|---|---|---|
| Expense Ratio | 0.88% | 0.03% | |
| AUM | $2.4B | $979.0B | |
| Dividend Yield | 9.50% | 1.09% | |
| Holdings | 88 | 509 | |
| YTD Return | +8.42% | +13.53% | |
| 1Y Return | +23.11% | +23.65% | |
| 3Y Return (annualized) | +41.33% | +21.27% | |
| 5Y Return (annualized) | +14.16% | +13.52% | |
| Volatility (annualized) | 57.6% | 14.1% | |
| Max Drawdown | -94.8% | -34.3% | |
| Fund Family | Direxion Shares ETF Trust | Vanguard (US) | |
| Category | Alternative | Equity | |
| Inception | Nov 6, 2008 | Sep 7, 2010 |
FAS vs VOO Performance
Direxion Daily Financial Bull 3X ETF (FAS) is a ETF from Direxion Shares ETF Trust and Vanguard S&P 500 ETF (VOO) is a ETF from Vanguard (US). Over the past year FAS returned +23.11% while VOO returned +23.65%. Year to date, FAS is up 8.42% versus a gain of 13.53% for VOO.
Over three years, FAS compounded at +41.33% per year against +21.27% for VOO; over five years the annualized figures are +14.16% and +13.52% respectively. Across the full 16-year window we track, VOO has the edge at +13.57% annualized vs +11.06%. Past performance does not guarantee future results.
Risk: Volatility and Drawdowns
FAS has been the more volatile fund, with annualized monthly volatility of 57.6% compared with 14.1% for VOO. 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 -94.8% for FAS and -34.3% for VOO. Drawdown depth is worth weighing if you expect to sell during market stress rather than ride it out.
The two funds' monthly returns correlate at 0.84. They usually move together, but the gap leaves some room for diversification.
Fees and Cost Over Time
FAS charges 0.88% per year while VOO charges 0.03%. On a $10,000 position that is $88 vs $3 annually, a gap of $85 per year that compounds over a long holding period. On income, FAS currently yields 9.50% against 1.09% for VOO.
Holdings Overlap
FAS and VOO share 73 holdings out of 512 unique holdings combined, representing a 10.0% weight overlap.
Moderate overlap means holding both could provide meaningful diversification benefits.
Top Shared Holdings
| Stock | Weight in FAS | Weight in VOO | Difference |
|---|---|---|---|
| JPM | 8.13% | 1.26% | 6.87% |
| V | 5.22% | 0.87% | 4.35% |
| MA | 3.79% | 0.64% | 3.15% |
| BAC | Pro | Pro | Pro |
| GS | Pro | Pro | Pro |
| WFC | Pro | Pro | Pro |
| MS | Pro | Pro | Pro |
| C | Pro | Pro | Pro |
| AXP | Pro | Pro | Pro |
| SCHW | Pro | Pro | Pro |
See all 10 holdings FAS shares with VOO Exact weights in each fund and the difference, for every overlapping position. Get FundXLS Pro: $29/moFirst 500 subscribers, then $49/mo. Cancel anytime. | |||
Frequently Asked Questions
Which is cheaper, FAS or VOO?
FAS has an expense ratio of 0.88% while VOO charges 0.03%. VOO is the cheaper option. On a $10,000 investment, that is $85 per year of difference.
Which performed better, FAS or VOO?
Over the past year FAS returned +23.11% vs +23.65% for VOO, so VOO leads on 1-year performance. Over the longest common window we track (16 years), FAS annualized +11.06% vs +13.57% for VOO. Past performance does not guarantee future results.
Which is riskier, FAS or VOO?
FAS has been the more volatile fund at 57.6% annualized versus 14.1% for VOO. Worst drawdown: FAS -94.8% vs VOO -34.3%.
Should I hold both FAS and VOO?
FAS and VOO have a monthly-return correlation of 0.84, so combining them can provide real diversification depending on your allocation goals.
What is the holdings overlap between FAS and VOO?
FAS and VOO share 73 common holdings with a 10.0% weight overlap. Combined, they hold 512 unique securities.
Which pays a higher dividend, FAS or VOO?
FAS yields 9.50% while VOO yields 1.09%, so FAS currently pays the higher dividend yield.
Popular ETF Comparisons
Get Full ETF Analytics
Access complete holdings data, overlap analysis, screener tools, and more with FundXLS.