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TZA vs FAS

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

TZA

Direxion Daily Small Cap Bear 3X Shares

Direxion Funds

Annual cost

0.99%

Fund size

$270M

FAS

Direxion Daily Financial Bull 3X Shares

Direxion Funds

Annual cost

0.88%

Fund size

$2.1B

Key differences

  • FAS costs 0.11% less per year.
  • FAS is significantly larger than TZA — larger funds tend to be more liquid and less likely to close.
  • TZA follows a inverse strategy; FAS uses leveraged.
  • Over the last 3 years, FAS has delivered higher annualized returns.

Side-by-side comparison

TZAFAS
Annual cost (TER)0.99%0.88%
Fund size (AUM)$270M$2.1B
Since20082008
Dividend yield4.33%10.14%
Asset classequityequity
Regionnorth americanorth america
Strategyinverseleveraged
CAGR 1Y-67.4%-2.5%
CAGR 3Y-46.0%+37.8%
CAGR 5Y-30.9%+4.9%
Sharpe 3Y-0.700.84
Volatility 1Y57.16%42.90%
Max drawdown-99.70%-85.99%

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

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