FAZ vs SH
Direxion Daily Financial Bear 3X Shares compared with ProShares Short S&P500 on yield, payout growth, payment schedule, cost and risk.
FAZ
Direxion Daily Financial Bear 3X Shares
TTM yield · Quarterly
SH
ProShares Short S&P500
TTM yield · Quarterly
Quick take
- SH yields more today: 3.67% vs 2.37% (forward).
- SH has grown its payout faster: -14.7%/yr vs -44.6%/yr over the last 3 years.
- Both pay every quarter.
- Over the last year SH delivered the higher total return: -9.3% vs -12.0% (price change plus payouts).
- SH is cheaper to own: 0.88% vs 1.03% expense ratio.
- SH has the steadier distribution: consistency 57/100 vs 26/100.
Generated from the latest data on both pages. Not a recommendation.
Side by side
| Metric | FAZ | SH |
|---|---|---|
| Share price | $34.58 | $32.24 |
| TTM yield | 2.89% | 3.95% |
| Forward yield | 2.37% | 3.67% |
| Annual payout per share | $0.82 | $1.184 |
| Payment frequency | Quarterly | Quarterly |
| Next ex-date | Dec 22, 2026 (est.) | Dec 23, 2026 (est.) |
| Expense ratio | 1.03% | 0.88% |
| 1-year payout growth | -54.8% | -31.1% |
| 5-year payout CAGR | — | — |
| Consecutive years of increases | 0 years | 0 years |
| Payout consistency (last 12) | 26/100 | 57/100 |
| 1-year total return | -12.0% | -9.3% |
| 1-year price return | -14.5% | -12.8% |
| Size (market cap / AUM) | 96.3M | 1.0B |
| Years paying | 8.6 | 19.8 |
| Sector / category | Trading--Inverse Equity | Trading--Inverse Equity |
✓ marks the more favourable figure where one exists (higher yield, growth, streak, consistency, return and size; lower cost, payout ratio and risk).
$10,000 invested today
| FAZ | SH | |
|---|---|---|
| Shares | 289.2 | 310.2 |
| Income per year | $237 | $367 |
| Income per month (avg) | $20 | $31 |
Next payments
| Ex-date | Pay date | Per share | Status |
|---|---|---|---|
| FAZ Dec 22, 2026 | Jan 5, 2027 | $0.205 | Est. |
| FAZ Mar 23, 2027 | Apr 6, 2027 | $0.205 | Est. |
| FAZ Jun 22, 2027 | Jul 6, 2027 | $0.205 | Est. |
| SH Dec 23, 2026 | Jan 6, 2027 | $0.296 | Est. |
| SH Mar 24, 2027 | Apr 7, 2027 | $0.296 | Est. |
| SH Jun 23, 2027 | Jul 7, 2027 | $0.296 | Est. |
Annual payouts per share
FAZSH
Regular payments only; the current year is year to date. Per-share amounts are not directly comparable when share prices differ, so read this chart for growth trends.
FAQ
Which has the higher dividend yield, FAZ or SH?
SH currently has the higher trailing yield: FAZ yields 2.89% and SH yields 3.95%. Yield changes daily with price, so check the live figures above.
How often do FAZ and SH pay?
FAZ pays every quarter and SH pays every quarter. FAZ's next ex-date is Dec 22, 2026 and SH's is Dec 23, 2026.
Which has grown its dividend faster, FAZ or SH?
SH has grown its payout faster: -14.7%/yr vs -44.6%/yr over the last 3 years.
Is FAZ or SH better for income?
It depends on what you are optimising for. FAZ and SH differ in yield, growth, payment schedule and risk profile; the table above puts every metric side by side so you can weigh them for your own goals. This page is data, not advice.