FAZDirexion Daily Financial Bear 3X Shares
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 MSCI ESG Analytics Insight
Direxion Daily Financial Bear 3X Shares has an MSCI ESG Fund Rating of A based on a score of 6.35 out of 10. The MSCI ESG Fund Rating measures the resiliency of portfolios to long-term risks and opportunities arising from environmental, social, and governance factors. ESG Fund Ratings range from best (AAA) to worst (CCC). Highly rated funds consist of companies that tend to show strong and/or improving management of financially relevant environmental, social and governance issues. These companies may be more resilient to disruptions arising from ESG events.
The fund’s Peer Rank reflects the ranking of a fund’s MSCI ESG Fund Quality Score against the scores of other funds within the same peer group, as defined by the Thomson Reuters Lipper Global Classification. Direxion Daily Financial Bear 3X Shares ranks in the 63th percentile within its peer group and in the 38th percentile within the global universe of all funds covered by MSCI ESG Fund Ratings.
FAZ Charts And Performance
FAZ Factset Analytics Block Liquidity
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 MSCI ESG Ratings
Options Strategies for Outcome Investing
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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.
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