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FAZ

Direxion Daily Financial Bear 3X Shares
ETF.com segment:
Inverse Equity: U.S. Financials
Competing ETFs: SKF, SEF, FINZ
Related ETF Channels: U.S., Equity, Sectors, Financials, Inverse, Vanilla, North America, Broad-based
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*Unless otherwise stated, data provided by FactSet.

FAZ Fund Description

FAZ provides 3x inverse exposure to a market-cap-weighted index of US large-cap financial companies.

FAZ Factset Analytics Insight

For a steep expense ratio, FAZ offers 3x leveraged inversed exposure to the Russell 1000 Financial Services Index—a subset of the Russell 1000 Index that measures the performance of large-cap financials. At first glance, the fund seems pricey, but note that FAZ is designed as a short-term trading vehicle—not a long term investment, so few traders will be seriously affected by the fee. The fund rebalances daily. As a result, compounding and path dependency lead to a lack of predictability in the fund’s long-term returns relative to its index. Still, FAZ’s large asset base is indicative of the fund’s strong investor interest. FAZ also excels when it comes to liquidity, as the fund trades in large volumes with tight spread.

FAZ Charts And Performance

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Select ETFs to compare their performance:
PERFORMANCE [as of 12/03/19] 1 MONTH 3 MONTHS YTD 1 YEAR 3 YEARS 5 YEARS 10 YEARS
FAZ -2.71% -18.47% -54.08% -37.63% -36.26% -34.75% -42.72%
FAZ (NAV) -2.44% -18.36% -53.99% -37.51% -36.25% -34.74% -42.73%
Russell 1000 Financial Services 0.94% 7.08% 28.93% 15.31% 14.22% 11.28% -42.73%
N/A -- -- -- -- -- -- --
All returns over 1 year are annualized. All returns are total returns unless otherwise stated.

FAZ Summary Data

Rafferty Asset Management
Direxion
11/06/08
Open-Ended Fund
1.07%
$170.33M
0.09%
Fund Home Page

FAZ Portfolio Data

1.92%
12/23/19

FAZ Index Data

Russell 1000 Financial Services
Market Cap
Market Cap
N/A

FAZ Fund Structure

Yes
No
No Policy
N/A
N/A
Low
-3
Daily

FAZ Tax Exposures

20.00% / 39.60%
--
No
Cboe Book Viewer
Top Of Book
Last 10 Trades
Bats BZX Real-time Quote -

FAZ Factset Analytics Block Liquidity

As of 12/05/19
5
4
3
2
1

This measurement shows how easy it is to trade a $1 million USD block of FAZ. FAZ is rated a N/A out of 5.

FAZ Tradability

550,960
$18.79M
395,797
$12.54M
0.09%
$0.03
0.01%
0.43% / -0.34%
None
0.00%
50,000
7.92
0.00%
--
71,480
$30.89
N/A

Options Strategies for Outcome Investing

Options allow you to customize investment outcomes. Using the strategy builders provided by Cboe Vest Technologies, you can construct some of the most common option strategies. Check out our user guide for more information on how to use the tool.

  • Collar Strategy
    Protection Strategy
  • Covered Call Strategy
    Income Strategy

A collar strategy is a protective option strategy constructed by writing a call and buying a put with the same expiration date while being long the underlying security.