Direxion Daily Small Cap Bear 3X Shares (TZA) Alternatives
Direxion Daily Small Cap Bear 3X Shares (TZA) belongs to the Leveraged Equities category. Below you'll find alternative ETFs from the same category, ranked by key criteria, plus funds that investors commonly compare with TZA. Use the tables to find lower-cost options, better risk-adjusted returns, or funds that fit a different role in your portfolio.
Cheapest Alternatives to TZA
TZA charges 1.11% annually. Among ETFs in the Leveraged Equities category, these options have the lowest expense ratios among TZA alternatives.
| Symbol | Name | Expense Ratio | Inception | |
|---|---|---|---|---|
| ETRACS IFED Invest with the Fed TR Index ETN | 0.45% | Sep 14, 2021 | TZA vs IFED | |
| Direxion Daily S&P 500 Bull 2x Shares | 0.64% | May 28, 2014 | TZA vs SPUU | |
| Leverage Shares 2X Long NVDA Daily ETF | 0.75% | Dec 12, 2024 | TZA vs NVDG | |
| Leverage Shares 2X Long AMD Daily ETF | 0.75% | Jan 24, 2025 | TZA vs AMDG | |
| Leverage Shares 2X Long TSLA Daily ETF | 0.75% | Dec 12, 2024 | TZA vs TSLG |
Best Risk-Adjusted Alternatives to TZA
Among ETFs in the Leveraged Equities category, these options rank highest on PortfoliosLab's risk-adjusted score, which accounts for volatility, drawdown, and return consistency over a 1-year period.
| Symbol | Name | Risk / Return Rank | Inception | |
|---|---|---|---|---|
| Direxion Daily South Korea Bull 3X Shares | 98 | Apr 10, 2013 | TZA vs KORU | |
| Direxion Daily MU Bull 2X Shares | 98 | Oct 9, 2024 | TZA vs MUU | |
| GraniteShares 2x Long MU Daily ETF | 98 | Nov 11, 2024 | TZA vs MULL | |
| Direxion Daily GOOGL Bull 2X Shares | 96 | Sep 6, 2022 | TZA vs GGLL | |
| Direxion Daily TSM Bull 2X Shares | 96 | Oct 3, 2024 | TZA vs TSMX |
Top Performing TZA Alternatives (YTD)
TZA alternatives from the Leveraged Equities category, sorted by year-to-date return.
| Symbol | Name | YTD Return | Inception | |
|---|---|---|---|---|
| MicroSectors U.S. Big Oil Index 3X Leveraged ETN | 168.34% | Apr 9, 2019 | TZA vs NRGU | |
| MicroSectors Energy 3X Leveraged ETN | 141.86% | Feb 16, 2023 | TZA vs WTIU | |
| Leverage Shares 2X Long TER Daily ETF | 102.79% | Nov 17, 2025 | TZA vs TERG | |
| Direxion Daily S&P Oil & Gas Exploration & Product... | 102.61% | Apr 1, 2020 | TZA vs GUSH | |
| ProShares Ultra Oil & Gas | 85.56% | Jan 30, 2007 | TZA vs DIG |
Lowest Volatility Alternatives to TZA
TZA alternatives from the Leveraged Equities category, sorted by annualized volatility over the past year.
| Symbol | Name | Volatility 1Y | Inception | |
|---|---|---|---|---|
| Innovator U.S. Equity Accelerated Plus ETF | 14.33% | Apr 1, 2021 | TZA vs XTAP | |
| Innovator Growth Accelerated Plus ETF - April | 16.31% | Apr 1, 2021 | TZA vs QTAP | |
| Roundhill BRKB WeeklyPay ETF | 17.95% | Jun 17, 2025 | TZA vs BRKW | |
| Innovator US Equity Accelerated ETF | 17.99% | Apr 1, 2021 | TZA vs XDSQ | |
| Innovator U.S. Equity Accelerated Plus ETF - July | 18.18% | Jul 1, 2021 | TZA vs XTJL |
Lowest Drawdown Alternatives to TZA
TZA alternatives from the Leveraged Equities category, sorted by maximum drawdown over the past year.
| Symbol | Name | Max Drawdown 1Y | Inception | |
|---|---|---|---|---|
| Innovator U.S. Equity Accelerated Plus ETF | -11.83% | Apr 1, 2021 | TZA vs XTAP | |
| Innovator Growth Accelerated Plus ETF - April | -12.04% | Apr 1, 2021 | TZA vs QTAP | |
| Innovator US Equity Accelerated ETF | -12.18% | Apr 1, 2021 | TZA vs XDSQ | |
| Innovator Growth Accelerated ETF - Quarterly | -12.64% | Apr 1, 2021 | TZA vs XDQQ | |
| Innovator U.S. Equity Accelerated Plus ETF - July | -13.81% | Jul 1, 2021 | TZA vs XTJL |
Other ETFs from Direxion
Most popular Direxion ETFs on PortfoliosLab, across asset classes.
Often Compared With TZA
What investors most often compare with TZA, based on PortfoliosLab usage data.
Compare TZA with Any Fund or Stock
Compare TZA with any ETF, mutual fund, or stock using PortfoliosLab's comparison tool.