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FAZ
-3.40 · -7.85%
$39.91 · NYSE ARCA

Direxion Daily Financial Bear 3X Shares (FAZ) ETF Analysis | Trading--Inverse Equity

Direxion Funds · United States
AUM:$108.1M
#– of – in Trading--Inverse Equity ETFs

Educational tool only – Figures are based on historical data, holdings and expense metrics for informational purposes. This is not financial advice or a recommendation to buy or sell any security. Always conduct your own research or consult a qualified financial adviser.

Market Performance

Down 14.9% over the past year, indicating modest price weakness.

Cost Efficiency

Ongoing charge of 1.08% — above average for this category.

What is FAZ?

The fund invests at least 80% of the fund"s net assets in financial instruments, that, in combination, provide 3X daily inverse (opposite) or short exposure to the index or to ETFs that track the index, consistent with the fund"s investment objective. The index includes securities of companies from the following industries: financial services; insurance; banks; capital markets; mortgage real estate investment trusts ("REITs"); and consumer finance.

Performance Highlights

Returns (%)
Cost & Yield (%)

Investment Breakdown

Negative 12-Month Return
FAZ returned -14.9% over the past year, reflecting recent market conditions.
Higher Cost Profile
Expense ratio of 1.08% is above average. Verify whether the strategy justifies the cost.
Moderate Concentration
Top 10 holdings make up 34.0% of the ETF — a moderate level of name concentration.
ETF Information
AUM$108.1M
Expense Ratio1.08%
Dividend Yield4.72%
Holdings1
Inception DateNov 2008
DomicileUnited States
DistributionNA
Index–
ProviderDirexion Funds
Beta-2.40
CategoryTrading--Inverse Equity
CurrencyUSD
Portfolio Impact

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+7 points · better diversified

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Uses ISF.L (iShares FTSE 100 ETF)
Indicators

Performance Metrics

Historical returns

6M
-31.6%
1Y
-22.2%
3Y
-80.6%
5Y
-83.5%
OpenBook InsightIf you had invested £10,000 in FAZ 5 years ago, it would have fallen to £1,649 — a loss of £8,351.

Annual Returns

Calendar year performance

FAZ delivered positive returns in 1 of the last 5 calendar years.
YearFAZ
2026 YTD-17.8%
2025-37.6%
2024-50.5%
2023-25.9%
2022+4.3%
CAGR 4yr-30.1%
1/5 positive yearsAvg return: -25.5%Worst year: -50.5% (2024)

Technical Analysis Summary

Automated insights from historical price action and indicators

Technical Regime: NEGATIVE
Trend Strength
0%
Negative
Volatility
31.8%
High
Momentum
-9.6%
30-day change
Support Level
30.73
Key floor
Key Insights
  • Price is currently below all major moving averages, indicating a weaker trend profile.
  • Monitor key support and resistance levels as part of broader risk assessment.
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