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
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.
FAZ MSCI ESG Analytics Insight
Direxion Daily Financial Bear 3X Shares has an MSCI ESG Fund Rating of undefined based on a score of 6.09 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 44th percentile within its peer group and in the 29th percentile within the global universe of all funds covered by MSCI ESG Fund Ratings.
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
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.
A covered call is an income strategy constructed by writing a call option against a holding of the underlying security.