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

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

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Select ETFs to compare their performance:
PERFORMANCE [as of 10/21/20] 1 MONTH 3 MONTHS YTD 1 YEAR 3 YEARS 5 YEARS 10 YEARS
FAZ -7.05% -17.48% -51.43% -60.38% -41.16% -42.60% -44.53%
FAZ (NAV) -12.77% -14.41% -51.08% -58.79% -40.96% -42.81% -44.52%
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%
$258.79M
0.07%
SKF, SEF

FAZ Portfolio Data

0.87%
12/22/20

FAZ Index Data

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 10/22/20
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

3,399,855
$48.69M
3,350,686
$45.61M
0.07%
$0.01
0.00%
2.34% / -1.08%
None
0.00%
50,000
67.01
0.00%
--
68,209
$13.53
N/A

FAZ MSCI ESG Ratings

6.35 / 10
37.74
62.74
--
--
2.90

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.