TZA Direxion Daily Small Cap Bear 3X ETF
Quote as of Oct 09, 2026 20:00 UTC · Market data delayed approximately 15–20 minutes unless otherwise indicated.
| Previous Close | 47.75 | Day Range | 46.61 – 47.83 |
| 52-Week Range | 36.33 – 95.40 | Volume | 2.96M |
| Avg Volume | 17.83M | AUM | $230.5M (Oct 10, 2026) |
| Expense Ratio | 0.99% | Yield (TTM) | 1.31% |
| NAV | 47.71 | Premium/Discount | -1.28% indicative |
| Inception | Nov 05, 2008 | Holdings | 12 |
| Issuer | Direxion | Exchange | AMEX |
| Category | Us Small Cap | Index Tracked | Russell 2000 |
| CUSIP | 25461H325 | ISIN | US25461H3259 |
| Structure | Leveraged 3x Inverse | ||
| Management | Not stated in source data | ||
About this ETF
The Direxion Daily Small Cap Bull and Bear 3X Shares are designed to generate daily investment outcomes, before deductions for fees and expenses, that correspond to 300% of the daily performance of the Russell 2000 Index, or 300% of its inverse. However, there is no certainty that these funds will consistently meet their specified targets.
Description from the fund data provider · profile as of Oct 10, 2026.
Price Chart
Daily closing prices (price return, not total return). Comparison lines are normalized to percent change from the range start. Source: Financial Modeling Prep.
Performance
| 1M | 3M | 6M | YTD | 1Y | 3Y* | 5Y* | 10Y* | Incep.* | |
|---|---|---|---|---|---|---|---|---|---|
| Price return | +11.90% | +18.05% | -21.50% | -37.28% | -40.53% | -46.85% | -30.71% | -42.20% | -48.40% |
| Total return | +11.90% | +18.05% | -20.71% | -36.01% | -38.99% | -45.07% | -28.87% | -41.31% | -47.96% |
* Annualized. Total return uses the dividend-adjusted price series (distributions reinvested); price return uses unadjusted closes. Performance through Oct 09, 2026. Past performance does not guarantee future results.
Fees
| Net expense ratio | 0.99% | Annual cost of a $10,000 investment | $99.00 |
Illustrative calculation only: expense ratio × $10,000. It excludes trading costs, bid/ask spreads, taxes and changes in investment value. Gross vs. net expense details and any fee waivers are in the prospectus.
Holdings
Holdings as of Oct 10, 2026 · portfolio reporting date from the data provider; holdings are not live positions. 11 rows in database.
| # | Holding | Ticker | Weight | Shares | Market Value |
|---|---|---|---|---|---|
| 1 | RTY SWAP ASSET LEG (RTYSGS) | — | 32.23% | -51.00K | -$142.5M |
| 2 | RTY SWAP ASSET LEG (RTYBCS) | — | 29.02% | -45.91K | -$128.3M |
| 3 | RTY SWAP ASSET LEG (RTYCTS) | — | 27.69% | -43.80K | -$122.4M |
| 4 | RTY SWAP ASSET LEG (RTYUBS) | — | 20.09% | -31.79K | -$88.8M |
| 5 | RTY SWAP ASSET LEG (RTYJPS) | — | 18.51% | -29.28K | -$81.8M |
| 6 | RTY SWAP ASSET LEG (RTYBPS) | — | 14.91% | -23.59K | -$65.9M |
| 7 | RTY SWAP ASSET LEG (RTYMLS) | — | 13.99% | -22.14K | -$61.9M |
| 8 | GOLDMAN SACHS FIN GOV 465 INSTITUT | — | -5.80% | 25.64M | $25.6M |
| 9 | DREYFUS TRSRY SECURITIES CASH MGMT | — | -7.02% | 31.05M | $31.1M |
| 10 | GOLDMAN FINL SQ TRSRY INST 506 | — | -12.82% | 56.65M | $56.7M |
| 11 | DREYFUS GOVT CASH MAN INS | — | -30.80% | 136.16M | $136.2M |
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Sector Exposure
Distributions
| Yield (TTM) | 1.31% | Paid (last 12 months) | $0.6160 |
| Frequency | Quarterly | SEC yield | Not provided by our data source; see the issuer page |
| Last ex-date | Sep 22, 2026 | Last payment | $0.4733 (Sep 29, 2026) |
| Growth 1Y | +42.88% | Growth 3Y / 5Y (ann.) | -14.46% / — |
| Ex-date | Record | Pay date | Amount |
|---|---|---|---|
| Sep 22, 2026 | Sep 22, 2026 | Sep 29, 2026 | $0.4733 |
| Jun 23, 2026 | Jun 23, 2026 | Jun 30, 2026 | $0.0377 |
| Mar 24, 2026 | Mar 24, 2026 | Mar 31, 2026 | $0.0709 |
| Dec 23, 2025 | Dec 23, 2025 | Dec 31, 2025 | $0.0341 |
| Sep 23, 2025 | Sep 23, 2025 | Sep 30, 2025 | $0.0531 |
| Jun 24, 2025 | Jun 24, 2025 | Jul 01, 2025 | $0.0563 |
| Mar 25, 2025 | Mar 25, 2025 | Apr 01, 2025 | $0.2378 |
| Dec 23, 2024 | Dec 23, 2024 | Dec 31, 2024 | $0.0839 |
| Sep 24, 2024 | Sep 24, 2024 | Oct 01, 2024 | $0.1475 |
| Jun 25, 2024 | Jun 25, 2024 | Jul 02, 2024 | $0.2328 |
| Mar 19, 2024 | Mar 20, 2024 | Mar 26, 2024 | $0.2356 |
| Dec 21, 2023 | Dec 22, 2023 | Dec 29, 2023 | $0.1106 |
Trailing distribution yield = last 12 months of cash ÷ current price. It is NOT the SEC 30-day yield and distributions are not guaranteed to continue. The difference explained →
Risk Statistics
| Volatility 1Y / 3Y | 55.69% / 63.15% | Sharpe 1Y / 3Y | -0.591 / -0.586 |
| Max drawdown 1Y / 3Y | -60.81% / -89.92% | Sortino 1Y | -0.816 |
| Beta vs S&P 500 (3Y) | -3.35 | Correlation vs S&P 500 (1Y) | -0.84 |
| Downside deviation 1Y | 40.38% | Risk-free rate used | 4.05% (3M T-bill, FRED) |
Computed by ETF Explorer from daily dividend-adjusted closes; volatility and drawdown are annualized/period figures; S&P 500 exposure proxied by SPY. As of Oct 10, 2026. Formulas →
Liquidity
| Volume today | 2.96M | Average volume | 17.83M |
| AUM | $230.5M | Premium/Discount | -1.28% |
| Bid/Ask spread | Not provided by our data source. Check your broker's quote screen; spreads are widest at the open and close. | ||
Premium/discount compares the delayed market price with the last reported NAV: an indicative figure, not the official closing premium/discount. How ETF liquidity works →
Fund Flows (estimated)
| Period | Est. net flow | % of starting AUM | AUM start → end |
|---|---|---|---|
| 1 Day | -$9.7M | -4.04% | $240.2M → $230.5M |
| 1 Month | -$28.1M | -11.80% | $238.3M → $230.5M |
| 1 Week | -$13.0M | -5.51% | $236.7M → $230.5M |
ETF Explorer estimate: change in reported AUM minus the market-move effect, from our own daily snapshots. Not official issuer creation/redemption data.
Official Fund Resources
External links open the issuer's site or SEC EDGAR in a new tab. The prospectus and official documents are always the authoritative source; review them before investing.
Latest News for TZA
No articles mention this fund directly in the last 7 days; showing general ETF coverage.
Guided help: AUM is fund size. The expense ratio is the yearly cost baked into returns. NAV is the value of what the fund owns per share; the market price can sit slightly above (premium) or below (discount) it. Total return assumes distributions were reinvested. Every dataset shows its own as-of date because holdings, assets and quotes update on different schedules.