(TZA) Direxion Daily Small Cap - Overview
Etf: Inverse, Swap, Futures, Short
Dividends
| Dividend Yield | 3.19% |
| Yield on Cost 5y | 1.26% |
| Yield CAGR 5y | -41.01% |
| Payout Consistency | 47.5% |
| Payout Ratio | - |
| Risk 5d forecast | |
|---|---|
| Volatility | 66.2% |
| Relative Tail Risk | 0.31% |
| Reward TTM | |
|---|---|
| Sharpe Ratio | -0.64 |
| Alpha | -15.19 |
| Character TTM | |
|---|---|
| Beta | -3.103 |
| Beta Downside | -2.994 |
| Drawdowns 3y | |
|---|---|
| Max DD | 84.47% |
| CAGR/Max DD | -0.44 |
Description: TZA Direxion Daily Small Cap December 31, 2025
The Direxion Daily Small-Cap Bear 3X Shares (NYSE ARCA: TZA) seeks to deliver three times the inverse (-3×) of the daily performance of the Russell 2000-based small-cap index, using swaps, futures and short positions. At least 80 % of its net assets are allocated to these leveraged instruments, and the fund is classified as non-diversified.
Key data points: the fund’s expense ratio is 0.95 %, markedly higher than traditional ETFs due to its leveraged structure; daily price swings often exceed 5 % in volatile markets, reflecting amplified exposure to small-cap equity risk. Economic drivers that most affect TZA’s performance include U.S. small-business earnings trends, Federal Reserve interest-rate policy (which influences borrowing costs for growth-oriented firms), and macro-level GDP growth rates that shift investor risk appetite.
For a deeper quantitative breakdown of TZA’s risk-adjusted returns, you might explore the analytics on ValueRay.
What is the price of TZA shares?
Over the past week, the price has changed by -4.17%, over one month by -8.15%, over three months by -24.06% and over the past year by -48.55%.
Is TZA a buy, sell or hold?
What are the forecasts/targets for the TZA price?
| Issuer | Target | Up/Down from current |
|---|---|---|
| Wallstreet Target Price | - | - |
| Analysts Target Price | - | - |
| ValueRay Target Price | 4.2 | -29.6% |
TZA Fundamental Data Overview February 03, 2026
EBIT TTM = 0.0 USD
EBITDA TTM = 0.0 USD
Long Term Debt = unknown (none)
Short Term Debt = unknown (none)
Debt = unknown
Net Debt = unknown
Enterprise Value = 290.7m USD (290.7m + (null Debt) - (null CCE))
Interest Coverage Ratio = unknown (Ebit TTM 0.0 / Interest Expense TTM 0.0)
EV/FCF = unknown (FCF TTM 0.0)
FCF Yield = 0.0% (FCF TTM 0.0 / Enterprise Value 290.7m)
FCF Margin = unknown (Revenue TTM is 0 or missing)
Net Margin = unknown
Gross Margin = unknown ((Revenue TTM 0.0 - Cost of Revenue TTM 0.0) / Revenue TTM)
Tobins Q-Ratio = unknown (Enterprise Value 290.7m / Total Assets none)
Interest Expense / Debt = unknown (Interest Expense 0.0 / Debt none)
Taxrate = 21.0% (US default 21%)
NOPAT = 0.0 (EBIT 0.0 * (1 - 21.00%))
Current Ratio = unknown (Total Current Assets none / Total Current Liabilities none)
Debt / Equity = unknown (Debt none)
Debt / EBITDA = unknown (Net Debt none / EBITDA 0.0)
Debt / FCF = unknown (Net Debt none / FCF TTM 0.0)
Total Stockholder Equity = 0.0 (from calculated bookValueOfEquity)
RoA = unknown (Net Income 0.0 / Total Assets none)
RoE = unknown (Net Income TTM 0.0 / Total Stockholder Equity 0.0)
RoCE = unknown (EBIT 0.0 / Capital Employed )
RoIC = unknown (NOPAT 0.0, Invested Capital 0.0, EBIT 0.0)
WACC = -5.52% (negative - check inputs) (E(290.7m)/V(290.7m) * Re(-5.52%) + (debt-free company))
Discount Rate = 9.60% (= Risk Free + ERP)
Fair Price DCF = unknown (Cash Flow 0.0)