TZADIREXION DAILY SMALL CAP BEAR 3X SHARES
DIREXION DAILY SMALL CAP BEAR 3X SHARES
$38.25-2.12% today
369552-WK
SOURCE: MARKET TAPE & DAILY CREATION/REDEMPTION RECORDS · 1Y SHOWN · NET −$354M OVER THIS RANGE
The desk’s read
Money keeps arriving — +$4M of net buying over the past month, about 1.5% of the fund's asset base, while the price has returned -47.5% so far this year.
COMPOSED FROM THE FUND’S OWN DAILY RECORDS · UPDATED WITH EACH REFRESH
$235Massets under management
—expense ratio
+$4Mnet flow, trailing month
4.1Mavg daily volume, 30 days
1holdings · US-domiciled
2024listed January 8, 2024 · beta -3.64
Sector weights
PORTFOLIO COMPOSITION, LATEST DISCLOSURE
Country weights
PORTFOLIO COMPOSITION, LATEST DISCLOSURE
Performance
| 1 week | +4.1% |
| 1 month | -8.6% |
| 3 months | -16.3% |
| 6 months | -36.4% |
| YTD | -47.5% |
| 1 year | -57.9% |
| 3 years | — |
PRICE RETURN, DISTRIBUTIONS NOT REINVESTED
Net flows
| 1 week | −$2M |
| 1 month | +$4M |
| 3 months | −$1.9B |
| YTD | −$927M |
| 1 year | −$354M |
CREATION/REDEMPTION DOLLARS, DAILY RECORDS
Monthly net flows
DAILY CREATION/REDEMPTION RECORDS, TRAILING TWELVE MONTHS
The risk read
46%realized volatility, 30 days (annualized)
56%realized volatility, 1 year
-61.8%deepest fall from a peak, 1 year
-59.8%where it sits vs. that peak today
VOLATILITY & DRAWDOWN FROM THE DAILY TAPE · CONCENTRATION FROM THE LATEST DISCLOSED BOOK
Options tape
784calls today
484puts today
0.62put/call ratio
3.6Mshares traded
The case against TZA
Due diligence cuts both ways. These funds sit on the same shelf and beat TZA on at least one dimension that matters — the fee, the asset base, or where the money is going.
| Fund | Fee | Assets | Flow, 1M | The case | |
|---|---|---|---|---|---|
| IJH iShares Core S&P Mid-Cap ETF | 0.05% | $128.4B | +$547M | 547× the assets · +$547M in over the month | Head-to-head |
| IJJ iShares S&P Mid-Cap 400 Value ETF | 0.18% | $9.1B | +$5M | 39× the assets · +$5M in over the month | Head-to-head |
| IJS iShares S&P Small-Cap 600 Value ETF | 0.18% | $8.4B | +$41M | 36× the assets · +$41M in over the month | Head-to-head |
| SMLF iShares MSCI USA Small-Cap Multifactor ETF | 0.15% | $4.3B | +$34M | 18× the assets · +$34M in over the month | Head-to-head |
| IMCG iShares Morningstar Mid-Cap Growth ETF | 0.06% | $4.2B | +$69M | 18× the assets · +$69M in over the month | Head-to-head |