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TZA vs TSMZ

Direxion Daily Small Cap Bear 3X Shares vs Direxion Daily TSM Bear 1X Shares

TZA

Direxion Daily Small Cap Bear 3X Shares

Direxion Funds

Annual cost

0.99%

Fund size

$270M

TSMZ

Direxion Daily TSM Bear 1X Shares

Direxion Funds

Annual cost

1.01%

Fund size

$3M

Key differences

  • TZA is significantly larger than TSMZ — larger funds tend to be more liquid and less likely to close.
  • TZA has a longer track record, which may reduce uncertainty around long-term behavior.

Side-by-side comparison

TZATSMZ
Annual cost (TER)0.99%1.01%
Fund size (AUM)$270M$3M
Since20082024
Dividend yield4.33%4.74%
Asset classequityequity
Regionnorth americanorth america
Strategyinverseinverse
CAGR 1Y-67.4%-56.2%
CAGR 3Y-46.0%N/A
CAGR 5Y-30.9%N/A
Sharpe 3Y-0.70N/A
Volatility 1Y57.16%35.67%
Max drawdown-99.70%-69.60%

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

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