Find Comparable ETFs for Direxion Daily Financial Bull 3X Shares
Direxion Daily Financial Bull 3X Shares
FAS - PCXDirexion Daily S&P500 Bull 3X Shares
SPXL - PCXThis ETF provides 3x leveraged exposure to the financial sector, which can offer aggressive growth potential, akin to the leverage strategy employed by SPXL in the broader market.
correlation
Measures how closely the two assets' prices move together over time. A high correlation suggests similar market reactions and investor sentiment.
Pearson Correlation: 65%
R-squared: 42%
This indicates a moderate positive relationship between the price movements of these assets.
network
Evaluates the overlap in business networks, partnerships, and industry relationships, indicating similarity in market positioning and competitive landscape.
- Common comparables: 2
- FAS in SPXL's comparables: Yes
- SPXL in FAS's comparables: Yes
A high score suggests the assets are often compared to each other and share many industry peers, indicating similar competitive environments and market perceptions.
valuation
Compares valuation metrics to assess if the assets are valued similarly by the market, indicating comparable investor expectations and perceived growth potential.
- P/E Ratio: 0.06 vs 0.05
A high score indicates that the market values these assets similarly relative to their financials, suggesting comparable growth expectations and risk profiles.
volatility
Compares price volatility and risk profiles, indicating similarity in market behavior, risk, and potential for price swings.
- FAS Beta: 3.10 (Very High)
- SPXL Beta: 3.08 (Very High)
- FAS 200-day Volatility: 37.77%
- SPXL 200-day Volatility: 34.94%
A high score suggests both assets have similar sensitivity to market movements, implying comparable risk levels and potential for both gains and losses.
momentum
Compares recent price momentum, showing similarity in short-term market performance and investor sentiment.
- FAS Price vs 200-day MA: 134%
- SPXL Price vs 200-day MA: 106%
Performance Comparison:
| Period | FAS | SPXL |
|---|---|---|
| Year_1 | 53% | 47% |
| Year_3 | 1% | 6% |
| Year_5 | 8% | 22% |
A high score indicates both assets are experiencing similar price trends relative to their recent history, suggesting comparable market enthusiasm or concern.
geo
Evaluates the geographical similarity of the assets based on country, currency, and exchange.
- Currency: USD vs USD
- Exchange: PCX vs PCX
A high score indicates that both assets operate in similar geographical markets, facing comparable economic conditions, regulations, and market dynamics.
sector
Compares the sector, industry, and other classifications of both assets.
- ETF Category: Leveraged Equities vs Leveraged Equities
A high score indicates that the assets operate in similar business areas, facing comparable market conditions, regulatory environments, and industry trends.
Partial matches are considered for more nuanced comparisons, allowing for a higher score even when classifications are not identical but closely related.
dividend
Compares dividend policies, showing similarity in shareholder return strategies and income potential for investors.
- FAS Dividend Yield: 1%
- SPXL Dividend Yield: 1%
A high score indicates similar approaches to returning capital to shareholders, suggesting comparable appeal to income-focused investors.
Direxion Daily Small Cap Bull 3X Shares
TNA - PCXThis ETF focuses on financial sector stocks and seeks to provide 3X the daily return of an index, making it comparable in terms of leveraging small-cap financial stocks.
correlation
Measures how closely the two assets' prices move together over time. A high correlation suggests similar market reactions and investor sentiment.
Pearson Correlation: 79%
R-squared: 62%
This indicates a strong positive relationship between the price movements of these assets.
network
Evaluates the overlap in business networks, partnerships, and industry relationships, indicating similarity in market positioning and competitive landscape.
- Common comparables: 2
- FAS in TNA's comparables: Yes
- TNA in FAS's comparables: No
A high score suggests the assets are often compared to each other and share many industry peers, indicating similar competitive environments and market perceptions.
volatility
Compares price volatility and risk profiles, indicating similarity in market behavior, risk, and potential for price swings.
- FAS Beta: 3.10 (Very High)
- TNA Beta: 3.41 (Very High)
- FAS 200-day Volatility: 37.77%
- TNA 200-day Volatility: 59.41%
A high score suggests both assets have similar sensitivity to market movements, implying comparable risk levels and potential for both gains and losses.
momentum
Compares recent price momentum, showing similarity in short-term market performance and investor sentiment.
- FAS Price vs 200-day MA: 134%
- TNA Price vs 200-day MA: 77%
Performance Comparison:
| Period | FAS | TNA |
|---|---|---|
| Year_1 | 53% | 0% |
| Year_3 | 1% | -23% |
| Year_5 | 8% | -8% |
A high score indicates both assets are experiencing similar price trends relative to their recent history, suggesting comparable market enthusiasm or concern.
geo
Evaluates the geographical similarity of the assets based on country, currency, and exchange.
- Currency: USD vs USD
- Exchange: PCX vs PCX
A high score indicates that both assets operate in similar geographical markets, facing comparable economic conditions, regulations, and market dynamics.
sector
Compares the sector, industry, and other classifications of both assets.
- ETF Category: Leveraged Equities vs Leveraged Equities
A high score indicates that the assets operate in similar business areas, facing comparable market conditions, regulatory environments, and industry trends.
Partial matches are considered for more nuanced comparisons, allowing for a higher score even when classifications are not identical but closely related.
dividend
Compares dividend policies, showing similarity in shareholder return strategies and income potential for investors.
- FAS Dividend Yield: 1%
- TNA Dividend Yield: 1%
A high score indicates similar approaches to returning capital to shareholders, suggesting comparable appeal to income-focused investors.
ProShares Ultra SmallCap600
SAA - PCX
correlation
Measures how closely the two assets' prices move together over time. A high correlation suggests similar market reactions and investor sentiment.
Pearson Correlation: 80%
R-squared: 64%
This indicates a strong positive relationship between the price movements of these assets.
network
Evaluates the overlap in business networks, partnerships, and industry relationships, indicating similarity in market positioning and competitive landscape.
- Common comparables: 1
- FAS in SAA's comparables: Yes
- SAA in FAS's comparables: No
A high score suggests the assets are often compared to each other and share many industry peers, indicating similar competitive environments and market perceptions.
volatility
Compares price volatility and risk profiles, indicating similarity in market behavior, risk, and potential for price swings.
- FAS Beta: 3.10 (Very High)
- SAA Beta: 2.28 (Very High)
- FAS 200-day Volatility: 37.77%
- SAA 200-day Volatility: 38.12%
A high score suggests both assets have similar sensitivity to market movements, implying comparable risk levels and potential for both gains and losses.
momentum
Compares recent price momentum, showing similarity in short-term market performance and investor sentiment.
- FAS Price vs 200-day MA: 134%
- SAA Price vs 200-day MA: 93%
Performance Comparison:
| Period | FAS | SAA |
|---|---|---|
| Year_1 | 53% | 7% |
| Year_3 | 1% | -6% |
| Year_5 | 8% | 6% |
A high score indicates both assets are experiencing similar price trends relative to their recent history, suggesting comparable market enthusiasm or concern.
geo
Evaluates the geographical similarity of the assets based on country, currency, and exchange.
- Currency: USD vs USD
- Exchange: PCX vs PCX
A high score indicates that both assets operate in similar geographical markets, facing comparable economic conditions, regulations, and market dynamics.
sector
Compares the sector, industry, and other classifications of both assets.
- ETF Category: Leveraged Equities vs Leveraged Equities
A high score indicates that the assets operate in similar business areas, facing comparable market conditions, regulatory environments, and industry trends.
Partial matches are considered for more nuanced comparisons, allowing for a higher score even when classifications are not identical but closely related.
dividend
Compares dividend policies, showing similarity in shareholder return strategies and income potential for investors.
- FAS Dividend Yield: 1%
- SAA Dividend Yield: 1%
A high score indicates similar approaches to returning capital to shareholders, suggesting comparable appeal to income-focused investors.
ProShares Ultra S&P500
SSO - PCXThis leveraged ETF focuses on the financial sector, aiming for three times the daily return of the Russell 1000 Financial Services Index, thus providing an alternative high-risk, high-reward investment similar to SSO.
correlation
Measures how closely the two assets' prices move together over time. A high correlation suggests similar market reactions and investor sentiment.
Pearson Correlation: 64%
R-squared: 41%
This indicates a moderate positive relationship between the price movements of these assets.
network
Evaluates the overlap in business networks, partnerships, and industry relationships, indicating similarity in market positioning and competitive landscape.
- Common comparables: 2
- FAS in SSO's comparables: Yes
- SSO in FAS's comparables: No
A high score suggests the assets are often compared to each other and share many industry peers, indicating similar competitive environments and market perceptions.
volatility
Compares price volatility and risk profiles, indicating similarity in market behavior, risk, and potential for price swings.
- FAS Beta: 3.10 (Very High)
- SSO Beta: 2.03 (Very High)
- FAS 200-day Volatility: 37.77%
- SSO 200-day Volatility: 23.45%
A high score suggests both assets have similar sensitivity to market movements, implying comparable risk levels and potential for both gains and losses.
momentum
Compares recent price momentum, showing similarity in short-term market performance and investor sentiment.
- FAS Price vs 200-day MA: 134%
- SSO Price vs 200-day MA: 105%
Performance Comparison:
| Period | FAS | SSO |
|---|---|---|
| Year_1 | 53% | 34% |
| Year_3 | 1% | 8% |
| Year_5 | 8% | 20% |
A high score indicates both assets are experiencing similar price trends relative to their recent history, suggesting comparable market enthusiasm or concern.
geo
Evaluates the geographical similarity of the assets based on country, currency, and exchange.
- Currency: USD vs USD
- Exchange: PCX vs PCX
A high score indicates that both assets operate in similar geographical markets, facing comparable economic conditions, regulations, and market dynamics.
sector
Compares the sector, industry, and other classifications of both assets.
- ETF Category: Leveraged Equities vs Leveraged Equities
A high score indicates that the assets operate in similar business areas, facing comparable market conditions, regulatory environments, and industry trends.
Partial matches are considered for more nuanced comparisons, allowing for a higher score even when classifications are not identical but closely related.
dividend
Compares dividend policies, showing similarity in shareholder return strategies and income potential for investors.
- FAS Dividend Yield: 1%
- SSO Dividend Yield: 1%
A high score indicates similar approaches to returning capital to shareholders, suggesting comparable appeal to income-focused investors.
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