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FAZ vs TNA

Direxion Daily Financial Bear 3X Shares vs Direxion Daily Small Cap Bull 3X Shares

FAZ

Direxion Daily Financial Bear 3X Shares

Direxion Funds

Annual cost

1.03%

Fund size

$120M

TNA

Direxion Daily Small Cap Bull 3X Shares

Direxion Funds

Annual cost

1.05%

Fund size

$1.5B

Key differences

  • TNA is significantly larger than FAZ — larger funds tend to be more liquid and less likely to close.
  • FAZ follows a inverse strategy; TNA uses leveraged.
  • Over the last 3 years, TNA has delivered higher annualized returns.

Side-by-side comparison

FAZTNA
Annual cost (TER)1.03%1.05%
Fund size (AUM)$120M$1.5B
Since20082008
Dividend yield3.00%0.44%
Asset classequityequity
Regionnorth americanorth america
Strategyinverseleveraged
CAGR 1Y-9.8%+130.8%
CAGR 3Y-38.5%+30.7%
CAGR 5Y-27.5%-5.2%
Sharpe 3Y-0.840.68
Volatility 1Y43.24%57.15%
Max drawdown-99.78%-88.09%

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

Similar to FAZ and TNA