Aims for three times the daily return of an index of US financial companies: banks, insurers, capital markets firms and consumer lenders, using swaps. Because it resets daily, longer-term returns can differ a lot from three times the index.
FAS, the Direxion Daily Financial Bull 3x ETF, is a $1.9 billion ETF whose main story is the credit signal. Over the past year it returned −10.9%, against +16.8% for broad US ETFs. Figures to October 2, 2026; past performance, not a recommendation.
FRI OCT 2 MARKET PRICE TOTAL RETURN
How closely it moves With the market 0.75
−1 opposite 0 unrelated +1 in step
FAS moves closely with the market. When the market has moved 1%, FAS has tended to move 2.45%.
With The credit signal 0.68
−1 opposite 0 unrelated +1 in step
FAS moves partly with the credit signal. When the credit signal has moved 1%, FAS has tended to move 7.29%.
Weekly returns over 157 weeks. The narrative is measured without FAS in it, so it is not compared with itself.
ETFs it moves most and least like ← moves opposite moves in step →
Correlation of weekly returns over the last 3 years, among unlevered ETFs StoryVector covers.
Where it sits in The credit signal -20% -10% 0% +10% +20% 0% 10% 20% 30% 40% 50% Volatility, last year → AAA: +4.4%, volatility 2.7% ABI: +4.3%, volatility 1.2% ACLO: +5.2%, volatility 0.7% AFIF: +2.4%, volatility 2.9% AGGA: 0.0%, volatility 2.4% AHYB: +1.3%, volatility 3.5% AINP: -0.4%, volatility 3.4% ANGL: -0.7%, volatility 4.5% AOHY: +2.0%, volatility 3.4% AVGB: +0.1%, volatility 2.6% BBBI: -2.8%, volatility 4.3% BBBL: -7.2%, volatility 8.0% BBBS: +0.8%, volatility 2.0% BBCB: -2.8%, volatility 4.5% BBHY: +1.2%, volatility 3.7% BCKT: +0.9%, volatility 1.6% BCLO: +6.3%, volatility 2.0% BHYB: +1.6%, volatility 3.4% BINC: +0.9%, volatility 2.5% BKHY: +1.1%, volatility 3.8% BKLN: +4.3%, volatility 2.8% BLUI: +2.0%, volatility 4.0% BRHY: +1.3%, volatility 3.5% BRLN: +3.9%, volatility 3.4% BSCQ: +3.9%, volatility 0.6% BSCR: +3.3%, volatility 0.8% BSCS: +2.1%, volatility 1.5% BSCT: +1.0%, volatility 2.2% BSCU: -0.4%, volatility 2.9% BSCV: -1.4%, volatility 3.4% BSCW: -2.1%, volatility 3.9% BSCX: -2.6%, volatility 4.1% BSCY: -3.0%, volatility 4.6% BSCZ: -3.7%, volatility 5.1% BSJQ: +2.8%, volatility 1.3% BSJR: +2.8%, volatility 2.0% BSJS: +3.1%, volatility 2.6% BSJT: +2.1%, volatility 3.5% BSJU: +1.7%, volatility 4.0% BSJV: +0.2%, volatility 4.4% BSJW: +0.3%, volatility 4.3% BSJX: 0.0%, volatility 4.5% BUXX: +3.3%, volatility 1.2% BYLD: -1.1%, volatility 4.2% CAAA: +0.5%, volatility 3.0% CARY: +1.1%, volatility 2.1% CDX: -4.5%, volatility 6.1% CEMB: 0.0%, volatility 3.2% CGHY: +1.2%, volatility 3.5% CGMS: +0.1%, volatility 3.6% CLOA: +4.9%, volatility 0.6% CLOB: +5.0%, volatility 2.9% CLOI: +5.0%, volatility 0.9% CLOX: +5.1%, volatility 1.2% CLOZ: +5.2%, volatility 3.5% CMBS: -0.1%, volatility 3.6% CORP: -2.7%, volatility 4.2% CPHY: -0.6%, volatility 3.5% CRDT: -7.0%, volatility 10.6% CWB: +12.8%, volatility 17.4% DABS: +2.1%, volatility 2.4% DCRE: +2.9%, volatility 1.2% DFNL: +9.1%, volatility 14.9% DGCB: -1.3%, volatility 4.3% DIAL: -2.3%, volatility 4.4% DMX: +2.3%, volatility 2.2% DUKH: -0.9%, volatility 3.6% DYFI: -0.5%, volatility 2.6% DYLD: +0.5%, volatility 2.4% EMHY: +3.6%, volatility 5.6% EVHY: +1.7%, volatility 3.5% EVLN: +4.1%, volatility 1.9% EVMO: +0.1%, volatility 3.2% EVSD: +1.4%, volatility 1.7% EYEG: -3.5%, volatility 4.4% FALN: -0.8%, volatility 4.7% FBDC: -4.8%, volatility 18.7% FCOR: -3.0%, volatility 4.5% FCSH: +0.7%, volatility 2.1% FDHY: +2.9%, volatility 3.7% FHYS: +2.6%, volatility 2.9% FIIG: -3.3%, volatility 4.9% FLBL: +2.8%, volatility 2.8% FLCO: -3.0%, volatility 4.5% FLHY: +1.8%, volatility 3.9% FLRT: +4.8%, volatility 1.5% FLXN: +3.4%, volatility 5.1% FLXR: +1.1%, volatility 2.5% FMUB: -1.4%, volatility 3.3% FNCL: +2.2%, volatility 15.0% FOPC: -2.7%, volatility 3.4% FSEC: -1.8%, volatility 4.8% FSIG: +0.4%, volatility 2.4% FSYD: +1.9%, volatility 4.2% FTBD: -1.7%, volatility 4.4% FTSL: +3.5%, volatility 2.2% FXO: +6.2%, volatility 15.3% GENT: -0.9%, volatility 3.9% GHYB: +0.7%, volatility 3.6% GHYG: -0.9%, volatility 4.7% GIGB: -2.7%, volatility 4.4% GIGL: -2.9%, volatility 4.3% GTOQ: +0.8%, volatility 3.7% GXIG: -3.8%, volatility 5.6% HBDC: +1.0%, volatility 2.9% HISF: -1.8%, volatility 3.6% HYBB: +0.8%, volatility 3.5% HYBL: +3.4%, volatility 2.6% HYBX: +1.6%, volatility 6.3% HYDB: +0.6%, volatility 3.9% HYDW: +1.9%, volatility 2.9% HYEM: +3.4%, volatility 4.3% HYFI: +1.6%, volatility 3.9% HYG: +0.8%, volatility 3.9% HYGH: +5.1%, volatility 3.6% HYGV: +1.3%, volatility 3.9% HYHG: +5.6%, volatility 5.5% HYIN: -15.2%, volatility 13.7% HYLB: +1.1%, volatility 3.8% HYLS: 0.0%, volatility 3.7% HYS: +1.6%, volatility 3.5% HYSA: +0.2%, volatility 4.6% HYSD: +1.8%, volatility 2.9% HYTI: +1.7%, volatility 4.1% HYTR: +0.3%, volatility 3.5% HYUP: 0.0%, volatility 4.5% HYZD: +4.9%, volatility 3.1% IBCA: -3.5%, volatility 5.1% IBD: -0.9%, volatility 4.2% IBDR: +3.9%, volatility 0.5% IBDS: +3.3%, volatility 0.9% IBDT: +2.1%, volatility 1.5% IBDU: +1.0%, volatility 2.1% IBDV: -0.4%, volatility 2.8% IBDW: -1.3%, volatility 3.4% IBDX: -1.9%, volatility 3.9% IBDY: -2.5%, volatility 4.2% IBDZ: -2.9%, volatility 4.8% IBHF: +2.2%, volatility 1.6% IBHG: +2.6%, volatility 1.9% IBHH: +3.2%, volatility 2.7% IBHI: +2.1%, volatility 3.6% IBHJ: +2.1%, volatility 4.1% IBHK: +0.8%, volatility 4.4% IBHL: +0.6%, volatility 4.4% ICLO: +5.0%, volatility 1.1% ICVT: +13.5%, volatility 18.0% IG: -2.8%, volatility 4.8% IGCB: -3.3%, volatility 4.1% IGEB: -2.6%, volatility 4.3% IGHG: +3.4%, volatility 3.2% IGIB: -2.7%, volatility 4.3% IGLB: -7.2%, volatility 8.0% IGSB: +1.0%, volatility 2.0% IHY: -0.1%, volatility 5.0% IIGD: -0.3%, volatility 2.4% INVG: -2.8%, volatility 4.6% IQHI: +1.8%, volatility 4.1% IYF: +2.6%, volatility 14.7% JAAA: +4.7%, volatility 0.8% JABS: +3.2%, volatility 2.1% JBBB: +5.1%, volatility 3.4% JEMB: +1.5%, volatility 8.5% JHCB: -3.6%, volatility 4.6% JHHY: +1.2%, volatility 3.9% JHLN: +3.3%, volatility 2.6% JIII: +1.3%, volatility 3.8% JLQD: -2.7%, volatility 3.7% JNK: +1.1%, volatility 3.9% JOJO: -1.2%, volatility 6.5% JPHY: +1.9%, volatility 3.1% JPIE: +2.1%, volatility 1.8% KBE: +11.9%, volatility 20.6% KBWB: +16.3%, volatility 20.7% KIE: +2.0%, volatility 17.2% KORP: -2.5%, volatility 4.5% KRE: +15.3%, volatility 22.1% LDDR: -1.6%, volatility 3.1% LDRC: +1.1%, volatility 2.3% LDRH: +1.8%, volatility 2.6% LFAI: -5.6%, volatility 6.3% LFAO: -6.5%, volatility 7.0% LFAW: -7.3%, volatility 7.6% LFBE: -8.2%, volatility 8.2% LIFT: +2.2%, volatility 1.2% LKOR: -7.6%, volatility 8.0% LONZ: +4.6%, volatility 2.3% LQD: -4.5%, volatility 5.5% LQDB: -2.3%, volatility 4.3% LQDI: -3.5%, volatility 5.1% LQTI: -3.6%, volatility 5.5% MANI: +6.5%, volatility 2.6% MBBB: -3.2%, volatility 4.3% MHY: +5.1%, volatility 4.0% MIG: -3.2%, volatility 4.4% MULT: +0.5%, volatility 3.2% MUSE: +2.3%, volatility 3.4% MVFG: +9.2%, volatility 18.9% MYCF: +4.1%, volatility 0.6% MYCG: +3.6%, volatility 0.8% MYCH: +2.2%, volatility 1.5% MYCI: +1.1%, volatility 2.1% MYCJ: -0.2%, volatility 2.8% MYCK: -1.0%, volatility 3.3% MYCL: -2.0%, volatility 3.9% MYCM: -2.4%, volatility 4.0% MYCN: -2.9%, volatility 4.6% MYCO: -3.6%, volatility 4.9% NBFC: +1.9%, volatility 3.4% NCLO: +5.7%, volatility 4.2% NEMD: +2.9%, volatility 6.5% NFLT: +1.1%, volatility 4.2% NJNK: +1.1%, volatility 4.2% OBND: +0.4%, volatility 3.7% ODHY: +1.3%, volatility 2.7% OGSP: +4.5%, volatility 1.5% PAAA: +4.8%, volatility 0.5% PCFI: +2.1%, volatility 5.6% PCHI: -0.1%, volatility 10.1% PCI: -2.7%, volatility 4.3% PCL: -7.4%, volatility 8.1% PCLO: +5.0%, volatility 0.9% PCMM: +5.3%, volatility 3.1% PCR: -18.7%, volatility 17.6% PCS: +1.4%, volatility 1.6% PFIG: -1.1%, volatility 3.2% PFRL: +5.8%, volatility 2.1% PGHY: +2.2%, volatility 4.9% PHYL: +0.6%, volatility 3.6% PSH: +2.1%, volatility 2.5% PSQA: +4.4%, volatility 3.0% PSQO: +2.7%, volatility 2.1% PTBD: -1.2%, volatility 3.9% PYLD: +0.4%, volatility 3.5% QHY: +1.0%, volatility 3.7% QIG: -2.8%, volatility 4.3% QLTA: -3.2%, volatility 4.5% QSIG: +0.6%, volatility 2.0% RAAA: +5.6%, volatility 1.3% RDFI: -3.3%, volatility 7.9% RFCI: -2.0%, volatility 3.8% RIGS: -1.5%, volatility 8.3% RJVI: -0.5%, volatility 4.2% SCEC: -2.4%, volatility 3.9% SCHI: -2.8%, volatility 4.3% SCHJ: +0.9%, volatility 2.0% SCIO: +1.3%, volatility 2.7% SCUS: +3.4%, volatility 0.7% SCYB: +1.0%, volatility 3.8% SEIX: +5.4%, volatility 1.8% SHYG: +2.1%, volatility 3.2% SHYL: +1.1%, volatility 3.2% SIFI: +0.5%, volatility 3.3% SIHY: +2.1%, volatility 4.2% SIO: -0.7%, volatility 4.0% SJNK: +1.5%, volatility 3.2% SKOR: -0.7%, volatility 2.9% SLNZ: +4.6%, volatility 4.3% SLQD: +1.6%, volatility 1.6% SPBO: -2.6%, volatility 4.5% SPHY: +1.3%, volatility 3.8% SPIB: -0.7%, volatility 3.0% SPLB: -7.5%, volatility 8.2% SPSB: +2.0%, volatility 1.4% SRLN: +4.7%, volatility 3.0% SYFI: +2.3%, volatility 3.1% TFLR: +4.5%, volatility 2.1% TFNS: +5.2%, volatility 15.1% THY: -1.1%, volatility 2.8% THYF: +1.0%, volatility 3.6% TMB: -0.2%, volatility 3.0% TYLD: +3.9%, volatility 0.9% USHY: +1.2%, volatility 3.8% USIG: -2.5%, volatility 4.3% VCIT: -2.8%, volatility 4.3% VCLT: -7.4%, volatility 8.1% VCSH: +0.9%, volatility 2.0% VFH: +2.2%, volatility 15.1% VGHY: +1.2%, volatility 4.0% VGMS: +0.7%, volatility 3.3% VPC: -11.2%, volatility 14.5% VSHY: +2.5%, volatility 3.5% VTC: -2.9%, volatility 4.5% XB: +2.0%, volatility 3.9% XBB: +0.9%, volatility 4.1% XCCC: -4.6%, volatility 5.4% XFLX: +1.1%, volatility 3.7% XLF: +1.8%, volatility 14.8% YLD: +2.3%, volatility 4.5% ZTEN: -3.6%, volatility 5.2% ZTOP: +0.9%, volatility 3.5% ZTRE: +0.8%, volatility 2.0% ZTWO: +1.8%, volatility 1.4% FAS -20% -10% 0% +10% +20% 0% 10% 20% 30% 40% 50% Volatility, last year → AAA: +4.4%, volatility 2.7% ABI: +4.3%, volatility 1.2% ACLO: +5.2%, volatility 0.7% AFIF: +2.4%, volatility 2.9% AGGA: 0.0%, volatility 2.4% AHYB: +1.3%, volatility 3.5% AINP: -0.4%, volatility 3.4% ANGL: -0.7%, volatility 4.5% AOHY: +2.0%, volatility 3.4% AVGB: +0.1%, volatility 2.6% BBBI: -2.8%, volatility 4.3% BBBL: -7.2%, volatility 8.0% BBBS: +0.8%, volatility 2.0% BBCB: -2.8%, volatility 4.5% BBHY: +1.2%, volatility 3.7% BCKT: +0.9%, volatility 1.6% BCLO: +6.3%, volatility 2.0% BHYB: +1.6%, volatility 3.4% BINC: +0.9%, volatility 2.5% BKHY: +1.1%, volatility 3.8% BKLN: +4.3%, volatility 2.8% BLUI: +2.0%, volatility 4.0% BRHY: +1.3%, volatility 3.5% BRLN: +3.9%, volatility 3.4% BSCQ: +3.9%, volatility 0.6% BSCR: +3.3%, volatility 0.8% BSCS: +2.1%, volatility 1.5% BSCT: +1.0%, volatility 2.2% BSCU: -0.4%, volatility 2.9% BSCV: -1.4%, volatility 3.4% BSCW: -2.1%, volatility 3.9% BSCX: -2.6%, volatility 4.1% BSCY: -3.0%, volatility 4.6% BSCZ: -3.7%, volatility 5.1% BSJQ: +2.8%, volatility 1.3% BSJR: +2.8%, volatility 2.0% BSJS: +3.1%, volatility 2.6% BSJT: +2.1%, volatility 3.5% BSJU: +1.7%, volatility 4.0% BSJV: +0.2%, volatility 4.4% BSJW: +0.3%, volatility 4.3% BSJX: 0.0%, volatility 4.5% BUXX: +3.3%, volatility 1.2% BYLD: -1.1%, volatility 4.2% CAAA: +0.5%, volatility 3.0% CARY: +1.1%, volatility 2.1% CDX: -4.5%, volatility 6.1% CEMB: 0.0%, volatility 3.2% CGHY: +1.2%, volatility 3.5% CGMS: +0.1%, volatility 3.6% CLOA: +4.9%, volatility 0.6% CLOB: +5.0%, volatility 2.9% CLOI: +5.0%, volatility 0.9% CLOX: +5.1%, volatility 1.2% CLOZ: +5.2%, volatility 3.5% CMBS: -0.1%, volatility 3.6% CORP: -2.7%, volatility 4.2% CPHY: -0.6%, volatility 3.5% CRDT: -7.0%, volatility 10.6% CWB: +12.8%, volatility 17.4% DABS: +2.1%, volatility 2.4% DCRE: +2.9%, volatility 1.2% DFNL: +9.1%, volatility 14.9% DGCB: -1.3%, volatility 4.3% DIAL: -2.3%, volatility 4.4% DMX: +2.3%, volatility 2.2% DUKH: -0.9%, volatility 3.6% DYFI: -0.5%, volatility 2.6% DYLD: +0.5%, volatility 2.4% EMHY: +3.6%, volatility 5.6% EVHY: +1.7%, volatility 3.5% EVLN: +4.1%, volatility 1.9% EVMO: +0.1%, volatility 3.2% EVSD: +1.4%, volatility 1.7% EYEG: -3.5%, volatility 4.4% FALN: -0.8%, volatility 4.7% FBDC: -4.8%, volatility 18.7% FCOR: -3.0%, volatility 4.5% FCSH: +0.7%, volatility 2.1% FDHY: +2.9%, volatility 3.7% FHYS: +2.6%, volatility 2.9% FIIG: -3.3%, volatility 4.9% FLBL: +2.8%, volatility 2.8% FLCO: -3.0%, volatility 4.5% FLHY: +1.8%, volatility 3.9% FLRT: +4.8%, volatility 1.5% FLXN: +3.4%, volatility 5.1% FLXR: +1.1%, volatility 2.5% FMUB: -1.4%, volatility 3.3% FNCL: +2.2%, volatility 15.0% FOPC: -2.7%, volatility 3.4% FSEC: -1.8%, volatility 4.8% FSIG: +0.4%, volatility 2.4% FSYD: +1.9%, volatility 4.2% FTBD: -1.7%, volatility 4.4% FTSL: +3.5%, volatility 2.2% FXO: +6.2%, volatility 15.3% GENT: -0.9%, volatility 3.9% GHYB: +0.7%, volatility 3.6% GHYG: -0.9%, volatility 4.7% GIGB: -2.7%, volatility 4.4% GIGL: -2.9%, volatility 4.3% GTOQ: +0.8%, volatility 3.7% GXIG: -3.8%, volatility 5.6% HBDC: +1.0%, volatility 2.9% HISF: -1.8%, volatility 3.6% HYBB: +0.8%, volatility 3.5% HYBL: +3.4%, volatility 2.6% HYBX: +1.6%, volatility 6.3% HYDB: +0.6%, volatility 3.9% HYDW: +1.9%, volatility 2.9% HYEM: +3.4%, volatility 4.3% HYFI: +1.6%, volatility 3.9% HYG: +0.8%, volatility 3.9% HYGH: +5.1%, volatility 3.6% HYGV: +1.3%, volatility 3.9% HYHG: +5.6%, volatility 5.5% HYIN: -15.2%, volatility 13.7% HYLB: +1.1%, volatility 3.8% HYLS: 0.0%, volatility 3.7% HYS: +1.6%, volatility 3.5% HYSA: +0.2%, volatility 4.6% HYSD: +1.8%, volatility 2.9% HYTI: +1.7%, volatility 4.1% HYTR: +0.3%, volatility 3.5% HYUP: 0.0%, volatility 4.5% HYZD: +4.9%, volatility 3.1% IBCA: -3.5%, volatility 5.1% IBD: -0.9%, volatility 4.2% IBDR: +3.9%, volatility 0.5% IBDS: +3.3%, volatility 0.9% IBDT: +2.1%, volatility 1.5% IBDU: +1.0%, volatility 2.1% IBDV: -0.4%, volatility 2.8% IBDW: -1.3%, volatility 3.4% IBDX: -1.9%, volatility 3.9% IBDY: -2.5%, volatility 4.2% IBDZ: -2.9%, volatility 4.8% IBHF: +2.2%, volatility 1.6% IBHG: +2.6%, volatility 1.9% IBHH: +3.2%, volatility 2.7% IBHI: +2.1%, volatility 3.6% IBHJ: +2.1%, volatility 4.1% IBHK: +0.8%, volatility 4.4% IBHL: +0.6%, volatility 4.4% ICLO: +5.0%, volatility 1.1% ICVT: +13.5%, volatility 18.0% IG: -2.8%, volatility 4.8% IGCB: -3.3%, volatility 4.1% IGEB: -2.6%, volatility 4.3% IGHG: +3.4%, volatility 3.2% IGIB: -2.7%, volatility 4.3% IGLB: -7.2%, volatility 8.0% IGSB: +1.0%, volatility 2.0% IHY: -0.1%, volatility 5.0% IIGD: -0.3%, volatility 2.4% INVG: -2.8%, volatility 4.6% IQHI: +1.8%, volatility 4.1% IYF: +2.6%, volatility 14.7% JAAA: +4.7%, volatility 0.8% JABS: +3.2%, volatility 2.1% JBBB: +5.1%, volatility 3.4% JEMB: +1.5%, volatility 8.5% JHCB: -3.6%, volatility 4.6% JHHY: +1.2%, volatility 3.9% JHLN: +3.3%, volatility 2.6% JIII: +1.3%, volatility 3.8% JLQD: -2.7%, volatility 3.7% JNK: +1.1%, volatility 3.9% JOJO: -1.2%, volatility 6.5% JPHY: +1.9%, volatility 3.1% JPIE: +2.1%, volatility 1.8% KBE: +11.9%, volatility 20.6% KBWB: +16.3%, volatility 20.7% KIE: +2.0%, volatility 17.2% KORP: -2.5%, volatility 4.5% KRE: +15.3%, volatility 22.1% LDDR: -1.6%, volatility 3.1% LDRC: +1.1%, volatility 2.3% LDRH: +1.8%, volatility 2.6% LFAI: -5.6%, volatility 6.3% LFAO: -6.5%, volatility 7.0% LFAW: -7.3%, volatility 7.6% LFBE: -8.2%, volatility 8.2% LIFT: +2.2%, volatility 1.2% LKOR: -7.6%, volatility 8.0% LONZ: +4.6%, volatility 2.3% LQD: -4.5%, volatility 5.5% LQDB: -2.3%, volatility 4.3% LQDI: -3.5%, volatility 5.1% LQTI: -3.6%, volatility 5.5% MANI: +6.5%, volatility 2.6% MBBB: -3.2%, volatility 4.3% MHY: +5.1%, volatility 4.0% MIG: -3.2%, volatility 4.4% MULT: +0.5%, volatility 3.2% MUSE: +2.3%, volatility 3.4% MVFG: +9.2%, volatility 18.9% MYCF: +4.1%, volatility 0.6% MYCG: +3.6%, volatility 0.8% MYCH: +2.2%, volatility 1.5% MYCI: +1.1%, volatility 2.1% MYCJ: -0.2%, volatility 2.8% MYCK: -1.0%, volatility 3.3% MYCL: -2.0%, volatility 3.9% MYCM: -2.4%, volatility 4.0% MYCN: -2.9%, volatility 4.6% MYCO: -3.6%, volatility 4.9% NBFC: +1.9%, volatility 3.4% NCLO: +5.7%, volatility 4.2% NEMD: +2.9%, volatility 6.5% NFLT: +1.1%, volatility 4.2% NJNK: +1.1%, volatility 4.2% OBND: +0.4%, volatility 3.7% ODHY: +1.3%, volatility 2.7% OGSP: +4.5%, volatility 1.5% PAAA: +4.8%, volatility 0.5% PCFI: +2.1%, volatility 5.6% PCHI: -0.1%, volatility 10.1% PCI: -2.7%, volatility 4.3% PCL: -7.4%, volatility 8.1% PCLO: +5.0%, volatility 0.9% PCMM: +5.3%, volatility 3.1% PCR: -18.7%, volatility 17.6% PCS: +1.4%, volatility 1.6% PFIG: -1.1%, volatility 3.2% PFRL: +5.8%, volatility 2.1% PGHY: +2.2%, volatility 4.9% PHYL: +0.6%, volatility 3.6% PSH: +2.1%, volatility 2.5% PSQA: +4.4%, volatility 3.0% PSQO: +2.7%, volatility 2.1% PTBD: -1.2%, volatility 3.9% PYLD: +0.4%, volatility 3.5% QHY: +1.0%, volatility 3.7% QIG: -2.8%, volatility 4.3% QLTA: -3.2%, volatility 4.5% QSIG: +0.6%, volatility 2.0% RAAA: +5.6%, volatility 1.3% RDFI: -3.3%, volatility 7.9% RFCI: -2.0%, volatility 3.8% RIGS: -1.5%, volatility 8.3% RJVI: -0.5%, volatility 4.2% SCEC: -2.4%, volatility 3.9% SCHI: -2.8%, volatility 4.3% SCHJ: +0.9%, volatility 2.0% SCIO: +1.3%, volatility 2.7% SCUS: +3.4%, volatility 0.7% SCYB: +1.0%, volatility 3.8% SEIX: +5.4%, volatility 1.8% SHYG: +2.1%, volatility 3.2% SHYL: +1.1%, volatility 3.2% SIFI: +0.5%, volatility 3.3% SIHY: +2.1%, volatility 4.2% SIO: -0.7%, volatility 4.0% SJNK: +1.5%, volatility 3.2% SKOR: -0.7%, volatility 2.9% SLNZ: +4.6%, volatility 4.3% SLQD: +1.6%, volatility 1.6% SPBO: -2.6%, volatility 4.5% SPHY: +1.3%, volatility 3.8% SPIB: -0.7%, volatility 3.0% SPLB: -7.5%, volatility 8.2% SPSB: +2.0%, volatility 1.4% SRLN: +4.7%, volatility 3.0% SYFI: +2.3%, volatility 3.1% TFLR: +4.5%, volatility 2.1% TFNS: +5.2%, volatility 15.1% THY: -1.1%, volatility 2.8% THYF: +1.0%, volatility 3.6% TMB: -0.2%, volatility 3.0% TYLD: +3.9%, volatility 0.9% USHY: +1.2%, volatility 3.8% USIG: -2.5%, volatility 4.3% VCIT: -2.8%, volatility 4.3% VCLT: -7.4%, volatility 8.1% VCSH: +0.9%, volatility 2.0% VFH: +2.2%, volatility 15.1% VGHY: +1.2%, volatility 4.0% VGMS: +0.7%, volatility 3.3% VPC: -11.2%, volatility 14.5% VSHY: +2.5%, volatility 3.5% VTC: -2.9%, volatility 4.5% XB: +2.0%, volatility 3.9% XBB: +0.9%, volatility 4.1% XCCC: -4.6%, volatility 5.4% XFLX: +1.1%, volatility 3.7% XLF: +1.8%, volatility 14.8% YLD: +2.3%, volatility 4.5% ZTEN: -3.6%, volatility 5.2% ZTOP: +0.9%, volatility 3.5% ZTRE: +0.8%, volatility 2.0% ZTWO: +1.8%, volatility 1.4% FAS
Each dot is one of 293 unlevered ETFs whose main narrative is the credit signal, placed by its return (up) and how much it swung (right) over the last year. FAS is levered or inverse, so it is shown against them but not counted among them.
Risk 43.8% Volatility, last year
−40.9% Largest fall, last year
−24.0% Below its high now