(FAZ) Direxion Daily Financial - Overview
ETF Category: Trading--Inverse Equity | Exchange: NYSE (USA) | Market Cap: 114m USD | Total Return: -10.4% in 12m
Avg Turnover: 19.9M
Warnings
Choppy
Tailwinds
Idiosyncratic Leader
The Direxion Daily Financial Bear 3X Shares (FAZ) is an inverse leveraged exchange-traded fund designed to provide 300% of the daily opposite performance of the Russell 1000 Financials 40 Index. The fund allocates at least 80% of its net assets to financial instruments, such as swap agreements and futures contracts, to achieve short exposure to large-cap U.S. financial institutions.
The underlying index includes companies operating in banking, capital markets, insurance, and mortgage REITs. These sectors are highly sensitive to interest rate fluctuations and credit cycles, which directly impact the profitability of lending and asset management activities. Because this ETF resets daily, it is intended for short-term tactical trading rather than long-term investment, as compounding can cause significant deviations from the expected 3X return over extended periods.
Investors may find ValueRay useful for analyzing how specific market triggers affect leveraged fund performance.
- Federal Reserve interest rate cuts compress commercial bank net interest margins
- Financial sector earnings decline amid rising loan loss provisions
- Systemic banking stress increases demand for inverse financial exposure
- Regulatory tightening on capital requirements pressures large-cap bank valuations
As of June 07, 2026, the stock is trading at USD 42.92 with a total of 492,665 shares traded.
Over the past week, the price has changed by -4.49%,
over one month by -3.90%,
over three months by -6.98% and
over the past year by -10.38%.
Direxion Daily Financial has no consensus analysts rating.