FAZ

Direxion Daily Financial Bear 3X Shares
*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

FAZ provides 3x inverse leverage exposure to the Russell 100 Financial Services Index—a subset consisting of large-cap financial companies from the Russell 1000 Index. FAZ charges a fee for such exposure, however, the product isn’t designed for long-term investors. As a result, compounding and path dependency make its long-term returns difficult to predict when compared with its underlying index. As a levered product, FAZ is not a buy-and-hold ETF, it's a short-term tactical instrument. The fund rebalances daily. Over longer periods, returns can vary significantly from -3x exposure to its underlying index.

PERFORMANCE [as of 06/10/21] 1 MONTH 3 MONTHS YTD 1 YEAR 3 YEARS 5 YEARS 10 YEARS
FAZ -- -- -56.12% -78.20% -59.92% -55.37% -50.90%
FAZ (NAV) 2.70% -23.64% -54.75% -79.18% -59.41% -55.41% -50.88%
Russell 1000 Financial Services -- -- -- -- -- -- --
N/A -- -- -- -- -- -- --
All returns over 1 year are annualized. All returns are total returns unless otherwise stated.

FAZ Summary Data

Direxion
11/06/08
Open-Ended Fund
1.07%
$113.13M
0.05%
SEF, SKF

FAZ Portfolio Data

0.99%
N/A

FAZ Index Data

Market Cap
Market Cap
N/A

FAZ Fund Structure

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

FAZ Tax Exposures

20.00% / 39.60%
--
No

FAZ Factset Analytics Block Liquidity

As of 06/11/21
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

796,835
$19.64M
782,142
$19.17M
0.05%
$0.01
-0.06%
700.67% / -0.42%
None
100.00%
50,000
15.64
0.00%
--
82,792
$26.21
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.

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.