AAPDvsTZAETF Comparison
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Direxion Daily AAPL Bear 1X Shares (AAPD) and Direxion Daily Small Cap Bear 3x Shares ETF - USD (TZA) belong to the same industry segment: Inverse Equity. AAPD is less expensive with a Total Expense Ratio (TER) of 0.96%, versus 0.99% for TZA. AAPD is down -21.55% year-to-date (YTD) with +$9M in YTD flows. TZA performs worse with -35.92% YTD performance, and +$44M in YTD flows. Run a side-by-side ETF comparison of AAPD and TZA below, and assess how they stack up in performance, liquidity, risk, exposure, holdings, and more, helping you select the best ETF for your investments.
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AAPD vs TZA performance and flow charts
Performance
Cumulative Flows
Historic performance and flows
Data as of 10/30/2026
| 1M | 3M | YTD | 1Y | 3Y | 5Y | ||
|---|---|---|---|---|---|---|---|
| Perf. | AAPD TZA | -3.02%-1.66% | -3.09%+14.75% | -21.55%-35.92% | -21.09%-38.28% | -51.23%-86.69% | n/a-78.25% |
| Flows | AAPD TZA | +$9M-$35M | -$14M-$63M | +$9M+$44M | +$9M-$16M | +$4M+$412M | --$54M |
Volatility and drawdown
| 3M | 1Y | 3Y | 5Y | ||
|---|---|---|---|---|---|
| Volatility | AAPD TZA | +23.87%+41.70% | +23.87%+53.91% | +26.71%+63.02% | n/a+67.22% |
| Max drawdown | AAPD TZA | -12.79%-13.71% | -29.78%-60.82% | -54.21%-89.74% | n/a-92.08% |
| Max drawdown duration | AAPD TZA | 79d12d | 283d344d | 922d1096d | n/a1597d |
Trading data
AAPD | TZA | |
Last sale 11/2/2026 at 2:30 PM | $10.17 | $46.90 |
| Previous close 10/30/2026 | $9.98 | $46.75 |
| Consolidated volume 10/30/2026 | ||
| Average volume 30 days | ||
| Average discount or premium 30 days | ||
| Average Bid/Ask spread 30 days |
Replication quality
Data as of November 3, 2026
1-year trailing difference
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AAPD | TZA | |
|---|---|---|
| Tracking error | ||
| Tracking difference | ||
| 1 year cumulative return difference | ||
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Main metrics
Last update 11/2/2026 at 2:30 PM
Live
Closed
AAPD | TZA | |
|---|---|---|
| Last price | $10.17 | $46.90 |
| 1D performance | +1.85% | +0.32% |
| AuM | $23.96 M | $200.09 M |
| E/R | 0.96% | 0.99% |
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Exposure
Exposure data will be available soon
Frequently asked questions about AAPD and TZA
How have the AAPD and TZA ETFs performed in 2026?
As of October 30, 2026, AAPD is down -21.55% year-to-date (YTD), while TZA has lost -35.92%. That puts AAPD better performer ahead so far this year.
Which ETF is attracting more investor money: AAPD or TZA?
Year-to-date, the AAPD ETF saw +$9M in flows, compared to +$44M for TZA.
Which ETF is more volatile: AAPD or TZA?
Over the past year, AAPD had a volatility of 23.87%, while TZA experienced 53.91%.
Which ETF is bigger: AAPD or TZA?
As of October 30, 2026, AAPD holds $23.96 M in assets under management (AUM), while TZA manages $200.09 M.
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Latest news about AAPD & TZA
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