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EURL vs TZA

Direxion Daily FTSE Europe Bull 3X Shares vs Direxion Daily Small Cap Bear 3X Shares

EURL

Direxion Daily FTSE Europe Bull 3X Shares

Direxion Funds

Annual cost

1.04%

Fund size

$60M

TZA

Direxion Daily Small Cap Bear 3X Shares

Direxion Funds

Annual cost

0.99%

Fund size

$270M

Key differences

  • TZA costs 0.05% less per year.
  • TZA is significantly larger than EURL — larger funds tend to be more liquid and less likely to close.
  • EURL covers europe markets; TZA covers north america.
  • EURL follows a leveraged strategy; TZA uses inverse.
  • Over the last 3 years, EURL has delivered higher annualized returns.
  • TZA has a longer track record, which may reduce uncertainty around long-term behavior.

Side-by-side comparison

EURLTZA
Annual cost (TER)1.04%0.99%
Fund size (AUM)$60M$270M
Since20142008
Dividend yield1.46%4.33%
Asset classequityequity
Regioneuropenorth america
Strategyleveragedinverse
CAGR 1Y+48.6%-69.6%
CAGR 3Y+29.5%-47.1%
CAGR 5Y+8.1%-32.3%
Sharpe 3Y0.71-0.74
Volatility 1Y46.35%57.38%
Max drawdown-84.65%-99.71%

Green dot indicates the better value for that metric. Performance data is historical and does not predict future results.

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