FAZDirexion Daily Financial Bear 3X Shares

Take a bet17y track recordRanked #125 of 995 in this goal

Seeks daily investment results of 300% of the inverse performance of the Index.

By Direxion Funds · Launched 2008

Annual Cost

1.03%

#5,457 of 6,040 · expensive

Fund Size

$95M

#3,150 of 6,040 · mid-size

Return (1Y)

-13.9%

Track Record

17 years

#625 of 6,040 · established

Performance

Total-return NAV · USD

Growth of $10,000

$10,090+0.9%

Total-return NAV, USD. Net of fund fees, before tax.

What's inside

How Beacon categorizes this fund

Asset class

Equity

Region

North america

Strategy

Inverse

Sector

Financials

Index tracked

S&P 500 Index

Holdings

By weight

Concentration

synthetic exposure — holdings shown are derivatives collateral, not the fund's positions

DREYFUS GOVERNMENT CASH MANAGE

51.1%

GOLDMAN FINANCIAL

36.9%

DREYFUS

15.5%

N/A

6.0%

N/A

4.7%

N/A

0.8%

N/A

0.8%

N/A

-2.2%

Asset allocation

Cash

110.1%

Risk profile

Last 12 months · Sharpe & Sortino need 3+ years

Volatility (1Y)

43.4%High

Year-on-year price swings

Max drawdown

-99.7%Severe

Worst peak-to-trough loss

Sharpe (3Y)

-0.87Below average

Sortino (3Y)

-1.22Moderate downside risk

Listing

Exchange: NYSE Arca

Full fund details

Objective: Seeks daily investment results of 300% of the inverse performance of the Index.
Strategy: Invests in financial instruments, including swap agreements and futures contracts, to provide 3X daily inverse exposure to the financial services sector. The Fund is non-diversified and may concentrate its investments in a limited number of issuers, rebalancing daily to maintain its inverse leveraged objective.
Inception date: November 6, 2008
Fund family: Direxion Funds