TZA

Direxion Daily Small Cap Bear 3X Shares
*Unless otherwise stated, data provided by FactSet.

TZA Fund Description

TZA provides -3x leveraged exposure to a market-cap-weighted index of US small-cap companies.

TZA Factset Analytics Insight

TZA offers (-3x) daily inverse exposure to US small-cap companies as defined by the Russell 2000. The underlying index specifically contains the 1001st through the 3000th securities pulled from the Russell 3000 index, which covers approximately 10% of its total market capitalization. The fund may invest in securities across various sectors and industry groups without any bias. Selected securities are then weighted by market-cap. The fund uses ETF and index swaps to get its inverse exposure. As a geared product with daily resets, TZA is designed as a short-term trading tool and not a long-term investment vehicle. As a result, long-term returns could materially differ from those of the underlying index due to daily compounding.

TZA MSCI ESG Analytics Insight

Direxion Daily Small Cap Bear 3X Shares has an MSCI ESG Fund Rating of A based on a score of 5.90 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 Small Cap Bear 3X Shares ranks in the 43th percentile within its peer group and in the 38th percentile within the global universe of all funds covered by MSCI ESG Fund Ratings.

PERFORMANCE [as of 09/23/21] 1 MONTH 3 MONTHS YTD 1 YEAR 3 YEARS 5 YEARS 10 YEARS
TZA -8.82% 4.17% -44.51% -78.35% -54.45% -50.52% -50.44%
TZA (NAV) -8.58% -0.52% -47.68% -81.20% -55.22% -51.26% -50.55%
Russell 2000 Index 2.39% -1.69% 15.15% 57.22% 11.10% 13.97% 14.79%
N/A -- -- -- -- -- -- --
All returns over 1 year are annualized. All returns are total returns unless otherwise stated.

TZA Summary Data

Direxion
11/05/08
Open-Ended Fund
1.07%
$451.06M
0.03%

TZA Portfolio Data

3.62%
N/A

TZA Index Data

Russell 2000 Index
Market Cap
Market Cap
N/A

TZA Fund Structure

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

TZA Tax Exposures

20.00% / 39.60%
--
No

TZA Factset Analytics Block Liquidity

As of 09/24/21
5
4
3
2
1

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

TZA Tradability

9,687,180
$299.74M
9,055,283
$287.99M
0.03%
$0.01
-0.08%
699.81% / -0.57%
None
96.00%
50,000
181.11
0.00%
--
107,740
$28.86
5

TZA MSCI ESG Ratings

5.90 / 10
37.50
42.89
--
0.01%
2.50

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.