Share Price Chart
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Performance
Performance Chart
The chart shows the growth of an initial investment of $10,000 in Direxion Daily TSM Bear 1X Shares, comparing it to the performance of the S&P 500 index or another benchmark. All prices have been adjusted for splits and dividends.
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Returns By Period
Direxion Daily TSM Bear 1X Shares (TSMZ) has returned -12.82% so far this year and -55.58% over the past 12 months.
Direxion Daily TSM Bear 1X Shares
- 1D
- -6.81%
- 1M
- 8.82%
- YTD
- -12.82%
- 6M
- -21.48%
- 1Y
- -55.58%
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
Benchmark (S&P 500 Index)
- 1D
- 2.91%
- 1M
- -5.09%
- YTD
- -4.63%
- 6M
- -2.39%
- 1Y
- 16.33%
- 3Y*
- 16.69%
- 5Y*
- 10.18%
- 10Y*
- 12.16%
Monthly Returns
Based on dividend-adjusted daily data since Oct 3, 2024, TSMZ's average daily return is -0.18%, while the average monthly return is -3.95%.
Historically, 33% of months were positive and 67% were negative. The best month was Feb 2025 with a return of +15.1%, while the worst month was Sep 2025 at -17.6%. The longest winning streak lasted 2 consecutive months, and the longest losing streak was 4 months.
On a daily basis, TSMZ closed higher 46% of trading days. The best single day was Jan 27, 2025 with a return of +13.5%, while the worst single day was Apr 9, 2025 at -12.3%.
| Jan | Feb | Mar | Apr | May | Jun | Jul | Aug | Sep | Oct | Nov | Dec | Total | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 2026 | -8.62% | -12.33% | 8.82% | -12.82% | |||||||||
| 2025 | -7.76% | 15.07% | 7.41% | -3.20% | -14.63% | -14.98% | -6.36% | 4.39% | -17.64% | -8.27% | 2.98% | -4.64% | -41.91% |
| 2024 | -6.94% | 3.10% | -7.49% | -11.25% |
Benchmark Metrics
Direxion Daily TSM Bear 1X Shares has an annualized alpha of -25.52%, beta of -1.54, and R² of 0.43 versus S&P 500 Index. Calculated based on daily prices since October 04, 2024.
- This ETF tended to rise when S&P 500 Index fell (downside capture of -4.63%), but participation in market rallies was also limited (-148.91%) — a profile typical of counter-cyclical assets.
- Beta of -1.54 may look defensive, but with R² of 0.43 this ETF is largely uncorrelated with S&P 500 Index — low beta reflects independence, not downside protection. See the Volatility section for a true picture of this ETF's risk.
- R² of 0.43 means the benchmark explains less than half of this ETF's behavior — treat beta with caution or consider switching to a more representative benchmark.
- Alpha
- -25.52%
- Beta
- -1.54
- R²
- 0.43
- Upside Capture
- -148.91%
- Downside Capture
- -4.63%
Expense Ratio
TSMZ has a high expense ratio of 0.98%, indicating above-average management fees.
Return for Risk
Risk / Return Rank
TSMZ ranks 1 for risk / return — in the bottom 1% of ETFs on our site. This means you're taking on significantly more risk than the returns justify. Consider whether the potential upside is worth the volatility, or explore alternatives with better risk / return profiles.
Return / Risk — by metrics
The table below present risk-adjusted performance metrics for Direxion Daily TSM Bear 1X Shares (TSMZ) and compare them to a chosen benchmark (S&P 500 Index).
| TSMZ | Benchmark | Difference | |
|---|---|---|---|
Sharpe ratioReturn per unit of total volatility | -1.44 | 0.90 | -2.34 |
Sortino ratioReturn per unit of downside risk | -2.43 | 1.39 | -3.81 |
Omega ratioGain probability vs. loss probability | 0.72 | 1.21 | -0.49 |
Calmar ratioReturn relative to maximum drawdown | -0.84 | 1.40 | -2.24 |
Martin ratioReturn relative to average drawdown | -1.15 | 6.61 | -7.76 |
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month. | |||
Explore TSMZ risk-adjusted metrics in detail
Dive deeper into individual metrics with historical trends, benchmark comparisons, and performance across different time periods.
Dividends
Dividend History
Direxion Daily TSM Bear 1X Shares provided a 4.02% dividend yield over the last twelve months, with an annual payout of $0.42 per share.
| Period | TTM | 2025 | 2024 |
|---|---|---|---|
| Dividend | $0.42 | $0.59 | $0.19 |
Dividend yield | 4.02% | 4.88% | 0.86% |
Monthly Dividends
The table displays the monthly dividend distributions for Direxion Daily TSM Bear 1X Shares. The dividends shown in the table have been adjusted to account for any splits that may have occurred.
| Jan | Feb | Mar | Apr | May | Jun | Jul | Aug | Sep | Oct | Nov | Dec | Total | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 2026 | $0.00 | $0.00 | $0.08 | $0.08 | |||||||||
| 2025 | $0.00 | $0.00 | $0.25 | $0.00 | $0.00 | $0.12 | $0.00 | $0.00 | $0.11 | $0.00 | $0.00 | $0.11 | $0.59 |
| 2024 | $0.19 | $0.19 |
Drawdowns
Drawdowns Chart
The Drawdowns chart displays portfolio losses from any high point along the way. Drawdowns are calculated considering price movements and all distributions paid, if any.
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Worst Drawdowns
The table below displays the maximum drawdowns of the Direxion Daily TSM Bear 1X Shares. A maximum drawdown is a measure of risk, indicating the largest reduction in portfolio value due to a series of losing trades.
The maximum drawdown for the Direxion Daily TSM Bear 1X Shares was 66.14%, occurring on Feb 25, 2026. The portfolio has not yet recovered.
The current Direxion Daily TSM Bear 1X Shares drawdown is 61.89%.
Depth | Start | To Bottom | Bottom | To Recover | End | Total |
|---|---|---|---|---|---|---|
| -66.14% | Apr 9, 2025 | 221 | Feb 25, 2026 | — | — | — |
| -22.53% | Oct 4, 2024 | 75 | Jan 23, 2025 | 45 | Mar 28, 2025 | 120 |
| -3.02% | Mar 31, 2025 | 3 | Apr 2, 2025 | 1 | Apr 3, 2025 | 4 |
Volatility
Volatility Chart
The chart below shows the rolling one-month volatility.
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