Why are FAZ and FAS both down?

They’re mathematically designed to decay and both go down over time, unless there is persistent trend/direction. Without a trend (financials being volatile and going up and down) they’d both decay to nothingness.
 
Answer is straight forward. Both starts with F A.


Z is voiced.
S is voiceless. (phonetics).

That is why there is correlation
 
guru said:
They’re mathematically designed to decay and both go down over time, unless there is persistent trend/direction. Without a trend (financials being volatile and going up and down) they’d both decay to nothingness.
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agree.

I looked at the 10 year performance, factoring in all the market pops & drops along the way till EOD yesterday. Approx $1800 loss on a 10 year hold on the total $20k investment.

FAS growth with splits you'd have $18,135 on the $10k original investment

FAZ growth/decayed with reverse splits/consolidations ended to $61 on the $10k original investment.

https://www.stocksplithistory.com/?symbol=fas

https://www.stocksplithistory.com/?symbol=faz

the FAS/FAZ pair buy & hold is a losing investment
 
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