TZA
-2.58 · -28.66%
$6.43 · NYSE ARCA

Direxion Daily Small Cap Bear 3X Shares (TZA) ETF Analysis | Trading--Inverse Equity

Direxion Funds · United States
AUM:$241.5M
#– 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 54.6% over the past year, indicating meaningful price weakness.

Cost Efficiency

Ongoing charge of 1.04% — above average for this category.

What is TZA?

The fund invests at least 80% of its net assets in financial instruments, including swap agreements, futures contracts, or short positions, that, in combination, provide 3X daily inverse or short exposure to the index or to ETFs that track the index, consistent with the fund"s investment objective. The index measures the performance of approximately 2,000 small-cap companies in the Russell 3000® Index, based on a combination of their market capitalization and current index membership.

Performance Highlights

Returns (%)
Cost & Yield (%)

Investment Breakdown

Negative 12-Month Return
TZA returned -54.6% over the past year, reflecting recent market conditions.
Higher Cost Profile
Expense ratio of 1.04% is above average. Verify whether the strategy justifies the cost.
Moderate Concentration
Top 10 holdings make up 37.8% of the ETF — a moderate level of name concentration.
ETF Information
AUM$241.5M
Expense Ratio1.04%
Dividend Yield5.94%
Holdings1
Inception DateNov 2008
DomicileUnited States
DistributionNA
Index–
ProviderDirexion Funds
Beta-3.85
CategoryTrading--Inverse Equity
CurrencyUSD
Portfolio Impact

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Example preview
6168
+7 points · better diversified

Chart Tools

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Uses ISF.L (iShares FTSE 100 ETF)
Indicators

Performance Metrics

Historical returns

6M
+547.4%
1Y
+357.4%
3Y
+68.8%
5Y
+57.8%
OpenBook InsightIf you had invested £10,000 in TZA 5 years ago, it would have grown to £15,781 — a gain of £5,781.

Annual Returns

Calendar year performance

TZA delivered positive returns in 2 of the last 5 calendar years.
YearTZA
2026 YTD+453.2%
2025-40.1%
2024-33.5%
2023-42.2%
2022+35.3%
CAGR 4yr-25.3%
2/5 positive yearsAvg return: +74.5%Worst year: -42.2% (2023)

Technical Analysis Summary

Automated insights from historical price action and indicators

Technical Regime: MIXED
Trend Strength
100%
Positive
Volatility
43.4%
Very High
Momentum
-3.4%
30-day change
Support Level
36.37
Key floor
Key Insights
  • Price is currently trading above all key moving averages.
  • Elevated volatility indicates higher short-term price variability and risk.
  • Monitor key support and resistance levels as part of broader risk assessment.