(TZA) Direxion Daily Small Cap - Overview

ETF Category: Trading--Inverse Equity | Exchange: NYSE ARCA (USA) | Market Cap: 249m USD | Total Return: -63.8% in 12m

Inverse Swaps, Index Futures, Short Positions
Total Rating 46
Safety 78
Buy Signal 1.04
Trading--Inverse Equity
Category Rotation: +26.0
TER: 1.04%
AUM: 249M
Avg Turnover: 1.24B
Risk 3d forecast
Volatility76.1%
VaR 5th Pctl13.6%
VaR vs Median-0.41%
Reward TTM
Sharpe Ratio-1.53
Rel. Str. IBD1.9
Rel. Str. Peer Group20.5
Character TTM
Beta-3.427
Beta Downside-3.850
Hurst Exponent0.516
Drawdowns 3y
Max DD88.35%
CAGR/Max DD-0.48
CAGR/Mean DD-0.75

Warnings

No concerns identified

Tailwinds

Idiosyncratic Leader

Description: TZA Direxion Daily Small Cap

The Direxion Daily Small Cap Bear 3X Shares (TZA) is a leveraged inverse exchange-traded fund designed to provide 300% of the daily opposite performance of the Russell 2000 Index. To achieve this objective, the fund allocates at least 80% of its net assets into derivatives such as swap agreements, futures contracts, and short positions. The underlying index tracks approximately 2,000 small-capitalization companies within the broader Russell 3000 Index, focusing on firms with lower market valuations.

Inverse ETFs utilize a business model centered on financial engineering to profit from market declines rather than traditional asset appreciation. Small-cap stocks are typically more sensitive to domestic economic shifts and interest rate volatility compared to large-cap equities, often leading to higher beta and increased price swings. Because this fund rebalances daily to maintain its 3X leverage target, compounding effects can cause long-term returns to deviate significantly from the simple inverse of the index performance. For a deeper analysis of these risk factors, consider reviewing the detailed metrics available on ValueRay.

Headlines to Watch Out For
  • Rising interest rates increase borrowing costs and default risks for small-cap firms
  • Russell 2000 Index volatility accelerates daily leveraged returns through compounding effects
  • Economic recession fears trigger broad sell-offs in high-beta small-cap equities
  • Tightening credit conditions disproportionately impact capital-intensive companies within the Russell 2000
  • Negative market sentiment drives short-term gains via triple inverse derivative exposure
What is the price of TZA shares?

As of June 07, 2026, the stock is trading at USD 4.70 with a total of 375,048,250 shares traded.
Over the past week, the price has changed by +8.55%, over one month by -0.21%, over three months by -27.43% and over the past year by -63.79%.

Is TZA a buy, sell or hold?

Direxion Daily Small Cap has no consensus analysts rating.