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ETFs

Direxion Daily Small Cap Bear 3x Shares

TZA
$--
Today’s Change
-- (--)

Snapshot
*

Inception Date
Nov 05 2008
Expense Ratio
0.91%
Type
US Equities
Fund Owner
Direxion Shares
Volume (1m avg. daily)
$277,476,759
AUM
$459,179,832
Associated Index
Russell 2000 Index
Inverse/Leveraged
Inverse (-3x)
Passive/Active
Passive
Fractionable on Composer
Yes
Prospectus
View

Top 10 Holdings

n/a
GOLDMAN SACHS FIN GOV 465 INSTITUT
-9.81%
n/a
GOLDMAN FINL SQ TRSRY INST 506
-20.20%
n/a
DREYFUS GOVT CASH MAN INS
-23.01%
Invest with TZA

What is TZA?

The Small Cap Bear 3X ETF seeks daily investment results before fees and expenses of 300% of the inverse (or opposite) of the price performance of the Russell 2000 (Small Cap Index). There is no guarantee the fund will meet its stated investment objective.

ETFs related toTZA

ETFs correlated to TZA include SRTY, TWM, RWM

TZA
Direxion Shares ETF Trust - Direxion Daily Small Cap Bear 3X Shares
SRTY
ProShares Trust - ProShares UltraPro Short Russell2000 -3x Shares
TWM
ProShares Trust - ProShares UltraShort Russell2000 -2x Shares
RWM
ProShares Trust - ProShares Short Russell2000 -1x Shares
HIBS
Direxion Shares ETF Trust - Direxion Daily S&P 500 High Beta Bear 3X Shares
HDGE
Advisorshares Trust - Ranger Equity Bear -1x Shares
SDS
ProShares Trust - ProShares UltraShort S&P500 -2x Shares
SH
ProShares Trust - ProShares Short S&P500 -1x Shares
SPXU
ProShares Trust - ProShares UltraPro Short S&P 500
SPXS
Direxion Shares ETF Trust - Direxion Daily S&P 500 Bear -3X Shares
SPDN
Direxion Shares ETF Trust - Direxion Daily S&P 500 Bear 1X Shares

What is ETF correlation?

Correlation is a measure of the strength of the relationship between two ETFs. It quantifies the degree to which prices of the two ETFs typically move together.

Here, correlation is measured over the past year with the Pearson correlation coefficient (Pearon’s r), which ranges from -1 to 1.

Using ETF correlations in portfolio and strategy construction

ETF correlations can help you create investing strategies and portfolios. Use them to:

  • •Build a diversified portfolio from uncorrelated or inversely correlated ETFs with the aim of minimizing portfolio risk.
  • •Compare correlated or related ETFs to find one with a lower expense ratio or higher trading volume.
  • •Create an investing strategy that hedges an ETF with an uncorrelated or inversely correlated ETF.

Automated Strategies
Related toTZA

#SPYMIN

SPY minimum drawdown

Category

Community

Risk Rating

Aggressive

Create your own algorithmic trading strategy with TZA using Composer

FAQ

TZA is a US Equities ETF. The Small Cap Bear 3X ETF seeks daily investment results before fees and expenses of 300% of the inverse (or opposite) of the price performance of the Russell 2000 (Small Cap Index). There is no guarantee the fund will meet its stated investment objective.

TZA tracks the Russell 2000 Index.

No, TZA is not actively managed. It is passively managed. In an actively managed fund, the fund manager makes decisions about how funds are invested. A passively managed fund typically tries to track or follow a market index.

Yes, TZA is passively managed. A passively managed fund typically tries to track or follow a market index. In an actively managed fund, the fund manager makes decisions about how funds are invested.

The 1-month return on TZA is 0.1083%. This is the percent change in the value of TZA over the most recent 1-month period. The 3-month return on TZA is 0.0707%. This is the percent change in the value of TZA over the most recent 3-month period.

The standard deviation of TZA for the past year is 0.6568%. Standard deviation is the typical amount that the daily returns vary from the mean of the returns over the time period, standardized to a period of a year.

ETFs similar to TZA include KJUL, KOCT, and KAPR.

ETFs correlated to TZA include SRTY, TWM, and RWM.

ETFs that are inversely correlated to TZA include TNA, URTY, and VTWO.

Yes, TZA is a Inverse (-3x) ETF: This means that TZA will try to match the performance of Russell 2000 Index, but with 3x the returns.

Yes, TZA is a Inverse (-3x) leveraged ETF: This means that {characteristics.Identifier} will try to match the performance of Russell 2000 Index, but move 3x in the opposite direction.

Disclaimers

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We show information directly obtained from our data provider, Xignite. Data shown here is provided by Xignite, an unaffiliated third party. Composer believes the information shown here is reliable, but has not been verified and there is no guarantee that the information is accurate.

**

We show information based on calculations performed by Composer using data from our provider. Information provided here is based on calculations performed by Composer using data sourced from Xignite, an unaffiliated third party. Composer believes this information is reliable, but has not verified the data and there is no guarantee that the calculations are accurate.