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Direxion Daily Small Cap Bear 3x Shares ETF - USD
TZA performance and flow charts
Performance
Flows
Historic performance and flows
Data as of October 13, 2026| 1M | 3M | YTD | 1Y | 3Y | 5Y | |
|---|---|---|---|---|---|---|
| Perf. | +12.56% | +19.60% | -33.71% | -36.77% | -84.39% | -80.90% |
| Flows | -$42M | -$4M | +$74M | +$12M | +$224M | +$78M |
Characteristics
The Direxion Daily Small Cap Bear 3x Shares ETF - USD is built to track the Russell 2000 Index - USD. This ETF provides synthetic exposure - by owning its shares you earn the return of the index indirectly through the use of derivatives or a swap. This share class generates a stream of income by distributing dividends.
| Management strategy | Passive |
| Strategy | Inverse |
| Provider | Direxion |
| N° of holdings | |
| Replication method | Indirect |
| Asset class | Equity |
| Dividend policy | Distributing |
Trailing 12m distribution yield | Join for free |
| Inception date | November 5, 2008 |
| ESG | No |
More data and info about TZA on Trackinsight
TZA's exposure
This ETF provides synthetic exposure. It does not hold the securities of the index directly so we cannot display its exposure breakdown.
Trading data
Volatility and drawdown
| 3M | 1Y | 3Y | 5Y | |
|---|---|---|---|---|
| Volatility | +38.40% | +54.05% | +63.15% | +67.25% |
Max drawdown | -15.18% | -60.82% | -89.93% | -92.08% |
Max drawdown duration | 42d | 327d | 1080d | 1580d |
Time to recover | 27d | N/A | N/A | N/A |
Replication quality
Data as of October 15, 2026Create an account to view replication metrics
1 year cumulative return difference | |
|---|---|
| Best | Join for free |
| Worst | Join for free |
| daily return difference | |
|---|---|
| Average | Join for free |
| Worst | Join for free |
What type of ETF is TZA?
TZA is a Passive ETF that provides exposure to Equity assets. It is managed by Direxion.
What index does TZA track?
TZA tracks the Russell 2000 Index - USD, aiming to replicate its performance through unfunded swap.
What does TZA invest in?
This ETF provides inverse exposure (-3x) to Small Cap US Equities. It is part of the segment: Inverse Equity.
What is the expense ratio of TZA?
The total expense ratio (TER) of TZA is 0.99%, representing the annual fee charged by the fund manager.
When was TZA launched?
TZA was launched on November 5, 2008, marking its entry into the ETF market.
Who is the issuer of TZA?
TZA is issued by Direxion.
What is the AUM of TZA?
As of October 13, 2026, TZA manages $238.42 M, reflecting the total assets held in the fund.
How has TZA performed recently?
As of October 13, 2026, TZA delivered a return of 12.56% over the past month (1M performance), 19.6% over the past three months (3M), and -33.71% year-to-date (YTD).
What are the recent fund flows for TZA?
As of October 13, 2026, TZA has seen net flows of -$42M in the past month (1M flow) and +$74M year-to-date (YTD).
Does TZA pay dividends?
As of October 13, 2026, TZA has a trailing 12-month distribution yield of 3.93%.
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