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Upturn AI Summary
Direxion Daily Financial Bull 3X Shares(FAS)
Advisory History & Simulated Performance *
*as per simulation (see disclosures)- ALL
- 1Y
- 1M
- 1W
- BUY Advisory
- SELL Advisory (Profit)
- SELL Advisory (Loss)
- Profit
- Loss
- PASS (Skip)
Stock price based on last close Advisory Performance History (Simulated)
Upturn Advisory & Investor View for FAS
09/25/2026: FAS (3-star) is currently NOT-A-BUY. Pass it for now.
FAS is a 3x leveraged ETF designed to provide three times the daily performance of the S&P Financial Select Sector Index through the use of derivative contracts. Its primary strength lies in its liquidity and ability to provide magnified exposure to the financial sector, making it a powerful tool for short-term active traders. The fund carries significant risks, most notably volatility decay and the potential for substantial losses, particularly when held for longer than one day or during periods of market volatility. Investors must be aware that it is not intended for long-term investment, as the compounding of daily returns causes significant tracking error over time. It is best suited for experienced traders who can actively monitor market signals and risk levels.
How to Read the Upturn Advisory
The Upturn Star Rating and the current BUY, SELL, or PASS advisory are generated by Upturn’s AI advisory engine based on proprietary signal analysis, price behavior, advisory history, and historical signal performance.
ETF holdings, costs, diversification, valuation, risks, and market conditions provide supporting context about the fund.
Investor Fit
| Investor style | Fit | Why |
|---|---|---|
| Growth investor | Weak fit | Leveraged daily ETFs are unsuitable for long-term growth strategies due to the impact of compounding decay. |
| Momentum investor | Strong fit while signal remains positive | Momentum investors utilize FAS to aggressively capture short-term upward trends in the financial sector. |
| Value investor | Weak fit | The structural risks and rebalancing costs of leveraged ETFs contradict the fundamental principles of value investing. |
| Dividend/Income investor | Weak fit | FAS is not designed for income generation and the underlying derivatives do not provide steady dividend distributions. |
| Low-risk investor | Weak fit | The extreme volatility of 3x leverage is incompatible with low-risk investment mandates. |
Investor Profile
Ideal Investor Profile
The ideal investor is an experienced, active trader with a high risk tolerance who intends to hold the position for a single day or a very short timeframe.
Suitability
FAS is exclusively suitable for active, short-term traders and is highly unsuitable for passive, long-term buy-and-hold investors.
Risk Profile
| Risk factor | Level | Why it matters |
|---|---|---|
| Volatility | High | 3x leverage inherently magnifies daily price swings, leading to significant potential for loss. |
| Market risk | High | The fund is fully exposed to the daily risks of the financial sector and the broader equity market. |
| Concentration | High | Exposure is restricted to the financial sector, providing no diversification across other market segments. |
| Tracking/expense | Medium / high | Daily rebalancing and derivative costs create significant tracking error over periods longer than one day. |
| Liquidity | Low | The ETF itself is highly liquid, though underlying assets may face liquidity pressure during market stress. |
| Business/sector quality | Medium | The financial sector is heavily regulated and sensitive to interest rate environments. |
Risk Analysis
Volatility
FAS exhibits extreme volatility consistent with a 3x leveraged product, often resulting in daily swings triple that of the underlying index.
Market Risk
The fund carries systemic risk associated with the financial sector, including interest rate sensitivity and credit market stability.
What the ETF Owns
| Exposure Type | Exposure | Weight (%) | Retail Investor Read |
|---|---|---|---|
| Sector | S&P Financial Select Sector Index — seeks 3x daily return | 95 | The fund provides concentrated exposure to diversified financial services, banks, and insurance companies via index derivatives. |
| Cash/collateral | Cash and Cash Equivalents | 5 | Cash balances are maintained to serve as collateral for derivative positions and to facilitate daily liquidity needs. |
Price Behavior
Strong Uptrend
The stock has maintained a strong upward price trend across the last three quarters.
Moderately Choppy
The stock has experienced noticeable price swings while retaining some directional structure.
Analysis of Past Performance
Type ETF | Historic Profit 97.49% | Avg. Invested days 58 | Today’s Advisory PASS |
Upturn Advisory Rating  | Upturn Advisory Performance  2.0 | ETF Returns Performance  5.0 |
| Profits based on simulation | Last Close 09/25/2026 |
ETF Fundamentals 
Source: EOD Historical Data • Updated Sep 27, 2026
Fund Basics
| Metric | Value |
|---|---|
| Fund Size (AUM) | $1.96B |
| Issuer | Direxion Funds |
| Expense Ratio | 0.94% |
| Distribution Yield | 1% |
| Inception | Nov 6, 2008 |
Performance
| Period | Total Return |
|---|---|
| YTD | -8.02% |
| 1 Year | -7.23% |
| 3 Year | +40.37% |
| 5 Year | +9.40% |
| 10 Year | +19.71% |
Risk Metrics
| Metric | Value |
|---|---|
| 1Y Volatility | 37.42% |
| 3Y Volatility | 44.55% |
| 3Y Sharpe Ratio | 0.95 |
Ratings
| Metric | Value |
|---|---|
| Morningstar Rating | ★★★★★ |
| Sustainability Rating | 3 / 5 |
| Benchmark | S&P 500 TR USD |
Market Cap Distribution
| Cap Size | Weight |
|---|---|
| Large Cap | 8.86% |
| Mega Cap | 7.30% |
| Mid Cap | 5.55% |
| Small Cap | 0.23% |
Top Sectors
| Sector | Weight |
|---|---|
| Financial Services | 98.21% |
| Technology | 1.55% |
| Industrials | 0.24% |
| Basic Materials | 0.00% |
Asset Allocation
Portfolio Characteristics
| Metric | Value |
|---|---|
| Portfolio P/E | 16.05x |
| Portfolio P/B | 2.21x |
| Portfolio P/S | 3.14x |
| Holdings Turnover | 0.0% |
Top Holdings
| Holding | Weight |
|---|---|
| Berkshire Hathaway | 2.84% |
| JPMorgan Chase & | 2.70% |
| Visa. Class A | 1.85% |
| Mastercard | 1.36% |
| Bank of America | 1.10% |
Upturn AI Summary
AI Summarization is directionally correct and might not be accurate.
Summarized information shown could be a few years old and not current.
Fundamental Rating based on AI could be based on old data.
AI-generated summaries may have inaccuracies (hallucinations). Please verify the information before taking action.
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