Direxion FundsInverse EquityTSMZ · Nasdaq

Direxion Daily TSM Bear 1X ETF (TSMZ)

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Price: $7.85; —12 Nov 2026
Assets: $3.2M; Total net assets
Expense ratio: 1.01%; Category 0.00%
Yield: 3.97%; Trailing distributions

1Y return: -36.9%-8.0%; Category -29.0%
3Y CAGR: —; Category -35.8%
5Y CAGR: —; Category -23.7%

$7.85—12 Nov 2026

Fund

Assets: $3.2M
Expense: 1.01%
Categ. exp: 0.00%
Yield: 3.97%

ReturnFundCateg.

1Y-36.9%-29.0%

3Y—-35.8%

5Y—-23.7%

Launch-39.9%—

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Direxion Daily TSM Bear 1X ETF

Calendar-year returns

Fund only: no comparison series covers this fund's history.

Risk statistics

Five years of daily closes. Risk-free rate 4% a year.

Standard deviation: —
Maximum drawdown: —
Sharpe ratio: —
Sortino ratio: —
Beta: —
Alpha: —
R²: —
Information ratio: —
Upside capture: —
Downside capture: —
Tracking error: —

Trailing returns compared with benchmark
Period	1M	3M	6M	YTD	1Y	3YCAGR	5YCAGR	10YCAGR	LaunchCAGR
ETF	+6.9%	+3.0%	-4.6%	-33.6%	-36.9%	—	—	—	-39.9%
Inverse Equity average	11.5%	8.2%	-9.1%	-31.0%	-29.0%	-35.8%	-23.7%	-29.3%	-37.1%
Difference	-4.5%	-5.3%	+4.5%	-2.6%	-8.0%	—	—	—	-2.7%

Holdings

This ETF publishes no holdings breakdown.

ETF details

Issuer: Direxion Funds
Category: Equity · Inverse Equity
Ticker: TSMZ
Exchange: Nasdaq
Inception: 2 Oct 2024 (2.1 years)
Structure: Exchange Traded Fund
Expense ratio: 1.01% (category 0.00%)
Holdings turnover: 0%
Distribution yield: 3.97%
Beta, 3 years: 0.00
Total net assets: $3.2M

Prices and returns as of 12 Nov 2026; total return with distributions reinvested, before brokerage and taxes. Not investment advice.

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