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TZA vs. SRTY
Performance
Risk-Adjusted Performance
Dividends
Drawdowns
Volatility

Correlation

The correlation between TZA and SRTY is -0.84. This indicates that the assets' prices tend to move in opposite directions. Negative correlation can be particularly beneficial for diversification and risk management, as one asset may offset the losses of the other during market fluctuations.


-0.50.00.51.0
Correlation: -0.8

Performance

TZA vs. SRTY - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Direxion Daily Small Cap Bear 3X Shares (TZA) and ProShares UltraPro Short Russell2000 (SRTY). The values are adjusted to include any dividend payments, if applicable.

-99.99%-99.99%-99.98%-99.98%-99.97%NovemberDecember2025FebruaryMarchApril
-99.98%
-99.98%
TZA
SRTY

Key characteristics

Sharpe Ratio

TZA:

-0.23

SRTY:

-0.25

Sortino Ratio

TZA:

0.16

SRTY:

0.13

Omega Ratio

TZA:

1.02

SRTY:

1.02

Calmar Ratio

TZA:

-0.17

SRTY:

-0.18

Martin Ratio

TZA:

-0.57

SRTY:

-0.60

Ulcer Index

TZA:

29.82%

SRTY:

30.08%

Daily Std Dev

TZA:

72.23%

SRTY:

72.20%

Max Drawdown

TZA:

-100.00%

SRTY:

-99.99%

Current Drawdown

TZA:

-100.00%

SRTY:

-99.98%

Returns By Period

The year-to-date returns for both stocks are quite close, with TZA having a 30.51% return and SRTY slightly lower at 29.99%. Both investments have delivered pretty close results over the past 10 years, with TZA having a -35.98% annualized return and SRTY not far behind at -36.44%.


TZA

YTD

30.51%

1M

10.40%

6M

24.10%

1Y

-13.61%

5Y*

-44.19%

10Y*

-35.98%

SRTY

YTD

29.99%

1M

10.37%

6M

23.25%

1Y

-14.72%

5Y*

-44.85%

10Y*

-36.44%

*Annualized

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TZA vs. SRTY - Expense Ratio Comparison

TZA has a 1.11% expense ratio, which is higher than SRTY's 0.95% expense ratio.


Expense ratio chart for TZA: current value is 1.11%, compared with the broader market range of 0.00% to 2.12%.0.50%1.00%1.50%2.00%
TZA: 1.11%
Expense ratio chart for SRTY: current value is 0.95%, compared with the broader market range of 0.00% to 2.12%.0.50%1.00%1.50%2.00%
SRTY: 0.95%

Risk-Adjusted Performance

TZA vs. SRTY — Risk-Adjusted Performance Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.

TZA
The Risk-Adjusted Performance Rank of TZA is 1717
Overall Rank
The Sharpe Ratio Rank of TZA is 1111
Sharpe Ratio Rank
The Sortino Ratio Rank of TZA is 2424
Sortino Ratio Rank
The Omega Ratio Rank of TZA is 2424
Omega Ratio Rank
The Calmar Ratio Rank of TZA is 1212
Calmar Ratio Rank
The Martin Ratio Rank of TZA is 1212
Martin Ratio Rank

SRTY
The Risk-Adjusted Performance Rank of SRTY is 1515
Overall Rank
The Sharpe Ratio Rank of SRTY is 1111
Sharpe Ratio Rank
The Sortino Ratio Rank of SRTY is 2222
Sortino Ratio Rank
The Omega Ratio Rank of SRTY is 2222
Omega Ratio Rank
The Calmar Ratio Rank of SRTY is 1111
Calmar Ratio Rank
The Martin Ratio Rank of SRTY is 1212
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.

TZA vs. SRTY - Risk-Adjusted Performance Comparison

This table presents a comparison of risk-adjusted performance metrics for Direxion Daily Small Cap Bear 3X Shares (TZA) and ProShares UltraPro Short Russell2000 (SRTY). Risk-adjusted metrics are performance indicators that assess an investment's returns in relation to its risk, enabling a more accurate comparison of different investment options.


The chart of Sharpe ratio for TZA, currently valued at -0.23, compared to the broader market-1.000.001.002.003.004.00
TZA: -0.23
SRTY: -0.25
The chart of Sortino ratio for TZA, currently valued at 0.16, compared to the broader market-2.000.002.004.006.008.00
TZA: 0.16
SRTY: 0.13
The chart of Omega ratio for TZA, currently valued at 1.02, compared to the broader market0.501.001.502.002.50
TZA: 1.02
SRTY: 1.02
The chart of Calmar ratio for TZA, currently valued at -0.17, compared to the broader market0.002.004.006.008.0010.0012.00
TZA: -0.17
SRTY: -0.18
The chart of Martin ratio for TZA, currently valued at -0.57, compared to the broader market0.0020.0040.0060.00
TZA: -0.57
SRTY: -0.60

The current TZA Sharpe Ratio is -0.23, which is comparable to the SRTY Sharpe Ratio of -0.25. The chart below compares the historical Sharpe Ratios of TZA and SRTY, offering insights into how both investments have performed under varying market conditions. These values are calculated using daily returns over the previous 12 months.


Rolling 12-month Sharpe Ratio-1.00-0.500.000.50NovemberDecember2025FebruaryMarchApril
-0.23
-0.25
TZA
SRTY

Dividends

TZA vs. SRTY - Dividend Comparison

TZA's dividend yield for the trailing twelve months is around 4.21%, less than SRTY's 6.68% yield.


TTM20242023202220212020201920182017
TZA
Direxion Daily Small Cap Bear 3X Shares
4.21%5.40%5.49%0.00%0.00%1.21%1.57%0.63%0.00%
SRTY
ProShares UltraPro Short Russell2000
6.68%9.40%4.93%0.16%0.00%0.95%2.12%0.70%0.04%

Drawdowns

TZA vs. SRTY - Drawdown Comparison

The maximum TZA drawdown since its inception was -100.00%, roughly equal to the maximum SRTY drawdown of -99.99%. Use the drawdown chart below to compare losses from any high point for TZA and SRTY. For additional features, visit the drawdowns tool.


-99.99%-99.99%-99.98%-99.98%-99.97%NovemberDecember2025FebruaryMarchApril
-99.98%
-99.98%
TZA
SRTY

Volatility

TZA vs. SRTY - Volatility Comparison

Direxion Daily Small Cap Bear 3X Shares (TZA) and ProShares UltraPro Short Russell2000 (SRTY) have volatilities of 43.88% and 43.77%, respectively, indicating that both stocks experience similar levels of price fluctuations. This suggests that the risk associated with both stocks, as measured by volatility, is nearly the same. The chart below showcases a comparison of their rolling one-month volatility.


10.00%15.00%20.00%25.00%30.00%35.00%40.00%45.00%NovemberDecember2025FebruaryMarchApril
43.88%
43.77%
TZA
SRTY