Direxion Daily Small Cap Bear 3X ETF (TZA) Analysis

For informational purposes only. Not financial advice.

Quick Answer

Direxion Daily Small Cap Bear 3X ETF (TZA) has a last stored price of $45.77, as of the Oct 2, 2026 trading session. It has a 0.99% expense ratio and $272M in assets under management.

In the stored portfolio snapshot, the largest sector allocation is Cash & Others at 100.0%.

Direxion Daily Small Cap Bear 3X ETF (TZA) ETF — Price, Holdings & Analysis

ETF Overview

The Direxion Daily Small Cap Bull and Bear 3X Shares seek the daily investment results, before fees and expenses, of 300%, or 300% of the inverse (or opposite), of the performance of the Russell 2000 Index. There is no guarantee the funds will achieve their stated investment objectives. Direxion Daily Small Cap Bear 3X ETF provides exposure to the equity market. The portfolio is concentrated with 12 holdings.

Risk Metrics

Direxion Daily Small Cap Bear 3X ETF holds only 12 positions, creating elevated concentration risk where poor performance from a few holdings can significantly impact returns. Heavy allocation to Cash & Others (100.0%) means sector-specific downturns could disproportionately affect performance. A beta of -3.89 indicates lower volatility relative to the broader market. The 0.99% expense ratio is above average and will reduce net returns over time.

Beta: -3.89

Expense Ratio

0.99%

How Is the Fund Allocated?

Sector	Weight
Cash & Others	100.0%

Country	Weight
Other	100.0%

Dividend Yield

6.13%

ARK Innovation ETF (ARKK) — 0.75% expense ratio
Invesco QQQ Trust, Series 1 (QQQ) — 0.18% expense ratio
State Street SPDR Dow Jones Industrial Average ETF Trust (DIA) — 0.16% expense ratio
State Street Energy Select Sector SPDR ETF (XLE) — 0.08% expense ratio
State Street Technology Select Sector SPDR ETF (XLK) — 0.08% expense ratio
WisdomTree Emerging Markets ESG Fund (DVEM) — 0.32% expense ratio
Goldman Sachs ActiveBeta Emerging Markets Equity ETF (GEM) — 0.59% expense ratio
iShares MSCI EAFE ETF (EFA) — 0.32% expense ratio

Direxion Daily AMD Bull 2X ETF (AMUU) (Equity) — 1.16% expense ratio
Direxion Daily Global Clean Energy Bull 2X Shares (KLNE) (Equity) — 1.33% expense ratio
Direxion MSCI Developed Over Emerging Markets ETF (RWDE) (Equity) — 0.53% expense ratio
Direxion Daily Uranium Industry Bull 2X ETF (URAA) (Equity) — 1.46% expense ratio
Direxion Russell Small Over Large Cap ETF (RWSL) (Equity) — 0.59% expense ratio
Direxion Daily XOM Bull 2X ETF (XOMX) (Equity) — 2.36% expense ratio

Questions & Answers

What is Direxion Daily Small Cap Bear 3X ETF (TZA)?

Direxion Daily Small Cap Bear 3X ETF (TZA) is an exchange-traded fund. In the stored fund data, it holds 12 positions, has its largest sector allocation in Cash & Others (100.0%) and charges a 0.99% expense ratio.

What is the expense ratio for TZA?

Direxion Daily Small Cap Bear 3X ETF has an expense ratio of 0.99%, which is considered higher than average for equity ETFs. This means for every $10,000 invested, annual fees would be approximately $99.

Lower expense ratios generally lead to better long-term returns, all else being equal.

How long has TZA been around?

Direxion Daily Small Cap Bear 3X ETF was launched in 2008, making it 18 years old. With over a decade of history, it has navigated various market conditions.

Does TZA pay dividends?

Yes, Direxion Daily Small Cap Bear 3X ETF currently offers a dividend yield of approximately 6.13%. This is a high-yield ETF relative to the broader market. Dividend distributions are typically paid quarterly, though the amount can vary.

What is the current NAV of TZA?

Direxion Daily Small Cap Bear 3X ETF has a net asset value (NAV) of approximately $7.29 per share. The NAV represents the per-share value of the fund's underlying assets minus liabilities.

Market price may differ slightly from NAV due to supply and demand dynamics during trading hours.

Disclaimer: This content is for informational purposes only and does not constitute investment advice. Always do your own research and consult a financial advisor.

Data provided for informational purposes only.

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