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Direxion Daily Small Cap Bear 3X Shares (TZA)
Performance
Risk-Adjusted Performance
Dividends
Drawdowns
Volatility

ETF Info

ISIN

US25460E1257

CUSIP

25460E125

Issuer

Direxion

Inception Date

Nov 5, 2008

Region

North America (U.S.)

Leveraged

3x

Index Tracked

Russell 2000 Index (-300%)

Asset Class

Equity

Asset Class Size

Micro-Cap

Asset Class Style

Blend

Expense Ratio

TZA has a high expense ratio of 1.11%, indicating higher-than-average management fees.


Expense ratio chart for TZA: current value at 1.11% compared with the broader market ranging from 0.00% to 2.12%.0.50%1.00%1.50%2.00%1.11%

Share Price Chart


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Compare to other instruments

Search for stocks, ETFs, and funds for a quick comparison or use the comparison tool for more options.


Popular comparisons:
TZA vs. TNA TZA vs. SRTY TZA vs. SOXS TZA vs. SDS TZA vs. TECS TZA vs. QID TZA vs. FAZ TZA vs. DOG TZA vs. IWM TZA vs. SPY
Popular comparisons:
TZA vs. TNA TZA vs. SRTY TZA vs. SOXS TZA vs. SDS TZA vs. TECS TZA vs. QID TZA vs. FAZ TZA vs. DOG TZA vs. IWM TZA vs. SPY

Performance

Performance Chart

The chart shows the growth of an initial investment of $10,000 in Direxion Daily Small Cap Bear 3X Shares, comparing it to the performance of the S&P 500 index or another benchmark. All prices have been adjusted for splits and dividends.


-100.00%-80.00%-60.00%-40.00%-20.00%0.00%20.00%JulyAugustSeptemberOctoberNovemberDecember
-100.00%
8.53%
TZA (Direxion Daily Small Cap Bear 3X Shares)
Benchmark (^GSPC)

Returns By Period

Direxion Daily Small Cap Bear 3X Shares had a return of -33.91% year-to-date (YTD) and -38.16% in the last 12 months. Over the past 10 years, Direxion Daily Small Cap Bear 3X Shares had an annualized return of -39.00%, while the S&P 500 had an annualized return of 11.06%, indicating that Direxion Daily Small Cap Bear 3X Shares did not perform as well as the benchmark.


TZA

YTD

-33.91%

1M

9.46%

6M

-33.30%

1Y

-38.16%

5Y*

-45.37%

10Y*

-39.00%

^GSPC (Benchmark)

YTD

24.34%

1M

0.23%

6M

8.53%

1Y

24.95%

5Y*

13.01%

10Y*

11.06%

Monthly Returns

The table below presents the monthly returns of TZA, with color gradation from worst to best to easily spot seasonal factors. Returns are adjusted for dividends.


JanFebMarAprMayJunJulAugSepOctNovDecTotal
202412.58%-16.07%-9.84%23.76%-13.33%4.32%-26.83%2.95%-2.39%4.59%-28.61%-33.91%
2023-24.91%5.07%13.59%5.75%2.52%-21.42%-16.35%18.09%20.45%23.05%-24.58%-30.25%-41.19%
202230.44%-6.12%-7.49%32.16%-6.25%22.92%-27.55%3.91%31.04%-29.90%-9.98%21.25%30.21%
2021-15.57%-19.31%-9.08%-6.76%-3.28%-6.61%9.10%-8.12%7.34%-12.97%11.47%-9.66%-50.80%
20209.68%27.17%21.32%-43.43%-23.60%-17.41%-10.80%-15.65%6.33%-8.67%-42.03%-23.50%-80.43%
2019-28.45%-14.05%5.53%-9.64%25.84%-18.70%-2.02%13.47%-6.48%-8.09%-11.41%-7.95%-53.24%
2018-7.74%10.25%-4.92%-3.63%-16.20%-2.09%-5.23%-11.60%7.52%37.34%-6.15%40.86%25.06%
2017-1.71%-6.46%-1.15%-4.27%5.39%-10.11%-2.75%3.14%-16.82%-2.49%-8.64%0.90%-38.19%
201625.92%-2.06%-22.63%-6.03%-7.88%-3.12%-16.61%-5.96%-4.85%14.10%-28.54%-9.40%-55.89%
20157.67%-16.33%-6.48%6.82%-7.13%-3.69%2.38%18.10%13.53%-17.40%-10.27%14.47%-6.25%
20147.07%-14.53%0.39%10.13%-4.14%-15.19%18.70%-14.00%18.74%-19.62%-1.76%-10.18%-29.29%
2013-17.41%-4.30%-13.59%-1.44%-12.63%0.25%-19.72%8.00%-17.68%-8.82%-11.87%-7.06%-68.58%

Risk-Adjusted Performance

Risk-Adjusted Performance Rank

The current rank of TZA is 4, meaning it’s performing worse than 96% of other ETFs on our website when it comes to balancing risk and reward. Below is a breakdown of how it compares using common performance measures.


The Risk-Adjusted Performance Rank of TZA is 44
Overall Rank
The Sharpe Ratio Rank of TZA is 44
Sharpe Ratio Rank
The Sortino Ratio Rank of TZA is 55
Sortino Ratio Rank
The Omega Ratio Rank of TZA is 44
Omega Ratio Rank
The Calmar Ratio Rank of TZA is 33
Calmar Ratio Rank
The Martin Ratio Rank of TZA is 33
Martin Ratio Rank
The risk-adjusted ranks indicate the investment's position relative to the market. A rank closer to 100 signifies top-performing investments, while a rank closer to 0 might suggest underperformance, based on the selected ratio. The values are calculated based on the past 12 months of returns.

Risk-Adjusted Performance Indicators

The charts below present risk-adjusted performance metrics for Direxion Daily Small Cap Bear 3X Shares (TZA) and compare them to a chosen benchmark (^GSPC). These indicators evaluate an investment's returns against its associated risks.


Sharpe ratio
The chart of Sharpe ratio for TZA, currently valued at -0.61, compared to the broader market0.002.004.00-0.612.10
The chart of Sortino ratio for TZA, currently valued at -0.63, compared to the broader market-2.000.002.004.006.008.0010.00-0.632.80
The chart of Omega ratio for TZA, currently valued at 0.93, compared to the broader market0.501.001.502.002.503.000.931.39
The chart of Calmar ratio for TZA, currently valued at -0.38, compared to the broader market0.005.0010.0015.00-0.383.09
The chart of Martin ratio for TZA, currently valued at -1.23, compared to the broader market0.0020.0040.0060.0080.00100.00-1.2313.49
TZA
^GSPC

The current Direxion Daily Small Cap Bear 3X Shares Sharpe ratio is -0.61. This value is calculated based on the past 1 year of trading data and takes into account price changes and dividends.

Use the chart below to compare the Sharpe ratio of Direxion Daily Small Cap Bear 3X Shares with the selected benchmark, providing insights into the investment's historical performance in terms of risk-adjusted returns. Go to the Sharpe ratio tool for more fine-grained control over the calculation options.


Rolling 12-month Sharpe Ratio-1.000.001.002.003.00JulyAugustSeptemberOctoberNovemberDecember
-0.61
2.10
TZA (Direxion Daily Small Cap Bear 3X Shares)
Benchmark (^GSPC)

Dividends

Dividend History

Direxion Daily Small Cap Bear 3X Shares provided a 4.84% dividend yield over the last twelve months, with an annual payout of $0.62 per share.


0.00%1.00%2.00%3.00%4.00%5.00%$0.00$1.00$2.00$3.00$4.00201820192020202120222023
Dividends
Dividend Yield
PeriodTTM202320222021202020192018
Dividend$0.62$1.10$0.00$0.00$0.66$4.41$3.84

Dividend yield

4.84%5.49%0.00%0.00%1.21%1.57%0.63%

Monthly Dividends

The table displays the monthly dividend distributions for Direxion Daily Small Cap Bear 3X Shares. The dividends shown in the table have been adjusted to account for any splits that may have occurred.


JanFebMarAprMayJunJulAugSepOctNovDecTotal
2024$0.00$0.00$0.24$0.00$0.00$0.23$0.00$0.00$0.15$0.00$0.00$0.00$0.62
2023$0.00$0.00$0.46$0.00$0.00$0.24$0.00$0.00$0.29$0.00$0.00$0.11$1.10
2022$0.00$0.00$0.00$0.00$0.00$0.00$0.00$0.00$0.00$0.00$0.00$0.00$0.00
2021$0.00$0.00$0.00$0.00$0.00$0.00$0.00$0.00$0.00$0.00$0.00$0.00$0.00
2020$0.00$0.00$0.66$0.00$0.00$0.00$0.00$0.00$0.00$0.00$0.00$0.00$0.66
2019$0.00$0.00$1.08$0.00$0.00$0.00$0.00$0.00$2.61$0.00$0.00$0.72$4.41
2018$0.60$0.00$0.00$0.00$0.00$0.00$1.20$0.00$0.00$2.04$3.84

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.


-100.00%-80.00%-60.00%-40.00%-20.00%0.00%JulyAugustSeptemberOctoberNovemberDecember
-100.00%
-2.62%
TZA (Direxion Daily Small Cap Bear 3X Shares)
Benchmark (^GSPC)

Worst Drawdowns

The table below displays the maximum drawdowns of the Direxion Daily Small Cap Bear 3X 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 Small Cap Bear 3X Shares was 100.00%, occurring on Nov 25, 2024. The portfolio has not yet recovered.

The current Direxion Daily Small Cap Bear 3X Shares drawdown is 100.00%.


Depth

Start

To Bottom

Bottom

To Recover

End

Total

-100%Nov 24, 20084028Nov 25, 2024
-26.53%Nov 13, 20081Nov 13, 20084Nov 19, 20085
-4.79%Nov 7, 20081Nov 7, 20081Nov 10, 20082

Volatility

Volatility Chart

The current Direxion Daily Small Cap Bear 3X Shares volatility is 18.01%, representing the average percentage change in the investments's value, either up or down over the past month. The chart below shows the rolling one-month volatility.


0.00%5.00%10.00%15.00%20.00%25.00%30.00%JulyAugustSeptemberOctoberNovemberDecember
18.01%
3.79%
TZA (Direxion Daily Small Cap Bear 3X Shares)
Benchmark (^GSPC)
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Disclaimer

The information contained herein does not constitute investment advice and made available for educational purposes only. Prices and returns on equities are listed without consideration of fees, commissions, taxes, penalties, or interest payable due to purchasing, holding, or selling.

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