Direxion FundsInverse EquityTZA · NYSE Arca

Direxion Daily Small Cap Bear 3X ETF (TZA)

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Price: $46.75; —30 Oct 2026
Assets: $239.1M; Total net assets
Expense ratio: 0.99%; Category 0.00%
Yield: 3.00%; Trailing distributions

1Y return: -38.3%-8.2%; Category -30.1%
3Y CAGR: -48.9%-11.3%; Category -37.6%
5Y CAGR: -27.5%-3.7%; Category -23.8%

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Direxion Daily Small Cap Bear 3X 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	-1.5%	+13.1%	-2.6%	-35.8%	-38.3%	-48.9%	-27.5%	-41.8%	-49.4%
Inverse Equity average	13.6%	-8.9%	-18.8%	-31.3%	-30.1%	-37.6%	-23.8%	-29.4%	-37.1%
Difference	-15.1%	+21.9%	+16.2%	-4.6%	-8.2%	-11.3%	-3.7%	-12.4%	-12.3%

Holdings

This ETF publishes no holdings breakdown.

ETF details

Issuer: Direxion Funds
Category: Equity · Inverse Equity
Ticker: TZA
Exchange: NYSE Arca
Inception: 5 Nov 2008 (18.0 years)
Structure: Exchange Traded Fund
Expense ratio: 0.99% (category 0.00%)
Holdings turnover: 0%
Distribution yield: 3.00%
Beta, 3 years: -3.58
Total net assets: $239.1M

Prices and returns as of 30 Oct 2026; total return with distributions reinvested, before brokerage and taxes. Not investment advice.

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