Leveraged and Inverse ETFs

Direxion Daily Small Cap Bear 3x Shares

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

  • Tickers:

     TZA

  • CUSIP:

     25459Y488

  • Objective:

     The Small Cap Bear 3X ETF seeks daily investment results, before fees and expenses, of 300% of the inverse (or opposite) of the performance of the Russell 2000® Index. There is no guarantee the fund will meet its stated investment objective.
Symbol Fund Index/Benchmark Daily/Monthly Target Bloomberg Index Symbol
Long Term Investment
ETFs
Mutual Funds
Short Term TradingAre Direxion Shares ETFs for you?
ETFs
TZA Daily Small Cap Bear 3x Shares Russell 2000 -300% RTY
Mutual Funds
Monthly
Quarterly (standardized)

    All Data as of 4/30/2013

    All Data as of 3/31/2013

Symbol Fund 1 Month
(%)		 3 Month
(%)		 YTD
(%)		 1 Year
(%)		 3 Year
(%)		 5 Year
(%)		 10 Year
(%)		 Since
Inception		 Inception
Date		 Expense Ratio *
(Gross/Net %)
Long Term Investment
ETFs
Mutual Funds
Short Term Trading
ETFs
TZA Daily Small Cap Bear 3x Shares NAV -1.41 -18.42 -32.79 -49.86 -53.24 - - -64.11 11/5/2008 1.06 / 0.95
Market
Close		 -1.44 -18.50 -32.69 -49.99 -53.23 - - -64.11 11/5/2008 1.06 / 0.95
Mutual Funds
Symbol Fund 1 Month
(%)		 3 Month
(%)		 YTD
(%)		 1 Year
(%)		 3 Year
(%)		 5 Year
(%)		 10 Year
(%)		 Since
Inception		 Inception
Date		 Expense Ratio *
(Gross/Net %)
Long Term Investment
ETFs
Mutual Funds
Short Term Trading
ETFs
TZA Daily Small Cap Bear 3x Shares NAV -13.28 -31.83 -32.79 -47.97 -55.90 - - -64.68 11/5/2008 1.06 / 0.95
Market
Close		 -13.59 -31.71 -32.69 -47.85 -55.89 - - -64.67 11/5/2008 1.06 / 0.95
Mutual Funds
Symbol Fund NAV
(5/21/2013)		 NAV
Change
($)		 NAV
Change
(%)		 Market Price Closing
(5/21/2013)		 Market Price Closing Change
($)		 Market Price Closing Change
(%)		 Premium/
Discount
Long Term Investment
ETFs
Mutual Funds
Short Term Trading
ETFs
TZA Daily Small Cap Bear 3x Shares 30.55 $-0.08 -0.26% 30.55 $-0.06 -0.20% 0.00
Mutual Funds

The performance data quoted represents past performance; past performance does not guarantee future results; the investment return and principal value of an investment will fluctuate; an investor's shares, when redeemed, may be worth more or less than their original cost; current performance may be lower or higher than the performance quoted. Returns for performance under one year are cumulative, not annualized.

Short-term performance, in particular, is not a good indication of the fund's future performance, and an investment should not be made based solely on returns. Because of ongoing market volatility, fund performance may be subject to substantial short-term changes. For additional information, see the fund's prospectus.

Shares of DirexionShares are bought and sold at market price (not NAV) and are not individually redeemed from the Fund. Brokerage commissions will reduce returns. Market Price returns are based upon the midpoint of the bid/ask spread at 4:00 PM Eastern time (when NAV is normally determined), and do not represent the returns you would receive if you traded shares at other times. Fund returns assume that dividends and capital gains distributions have been reinvested in the Fund at NAV. Some performance results reflect expense subsidies and waivers in effect during certain periods shown. Absent these waivers, results would have been less favorable.

Symbol Fund Record Date Ex-Date Pay Date Income Dividend Short Term Capital Gain Long Term Capital Gain
Long Term Investment
ETFs
Mutual Funds
Short Term Trading
ETFs
Mutual Funds
Symbol Fund Index/Benchmark Monthly Target Estimated Current
Exposure Level *
Domestic
DXSLX Monthly S&P 500® Bull 2x Fund S&P 500® 200% 192%
DXSSX Monthly S&P 500® Bear 2x Fund S&P 500® -200% -230%
DXQLX Monthly NASDAQ 100® Bull 2x Fund NASDAQ 100® 200% 191%
DXRLX Monthly Small Cap Bull 2x Fund Russell 2000® 200% 190%
DXRSX Monthly Small Cap Bear 2x Fund Russell 2000® -200% -236%
International
DXZLX Monthly Latin America Bull 2x Fund S&P® Latin America 40 200% 203%
DXHLX Monthly China Bull 2x Fund FTSE/Xinhua China 25 Index 200% 198%
DXELX Monthly Emerging Markets Bull 2x Fund MSCI Emerging Markets Index SM 200% 199%
Fixed Income
DXKLX Monthly 7-10 Year Treasury Bull 2x Fund NYSE 7-10 Year Treasury Bond Index 200% 204%
DXKSX Monthly 7-10 Year Treasury Bear 2x Fund NYSE 7-10 Year Treasury Bond Index -200% -190%
Commodity
DXCLX Monthly Commodity Bull 2x Fund Morgan Stanley® Commodity Related Index 200% 202%
Currency
There are no funds which match the selected criteria. Please reset or adjust your selections.

This fund has undergone a 1:4 reverse split.  The new CUSIP is 25459Y488.  To view the press release click here.

Overview

Overview

This leveraged ETF seeks a return that is -300% the return of its benchmark index for a single day. The fund should not be expected to provide three times the return of the benchmark’s cumulative return for periods greater than a day.

Key Benefits

You know that TRADING is different than investing. But the opportunity to take advantage of short-term trends is only won, if you get the direction right.

Whether you’re a bull or a bear, Direxion Shares is with you. Our leveraged ETFs are powerful tools built to help you:

  • Magnify your short-term perspective with daily 3x leverage
  • Go where there’s opportunity, with bull and bear funds for both sides of the trade; and
  • Stay agile – with liquidity to trade through rapidly changing markets

Leveraged ETFs are not suitable for all investors and should be utilized only by sophisticated investors who understand leverage risk, consequences of seeking daily leveraged investment results and intend to actively monitor and manage their investments. Leverage ETFs are not designed to track the underlying index over periods longer than one trading day.

Target Index

Target Index

The Russell 2000® Index measures the performance of the small-cap segment of the U.S. equity universe and is comprised of the smallest 2000 companies in the Russell 3000® Index, representing approximately 10% of the total market capitalization of that index. It includes approximately 2000 of the smallest securities based on a combination of their market cap and current index membership. The companies included in the index have an average market capitalization of more than $840 million dollars and a median market capitalization of $576 million dollars as of March 31, 2013.

 

Index Sector Weightings
Financial Services 24.02%
Consumer Discretionary 14.80%
Producer Durables 14.48%
Technology 13.34%
Health Care 12.38%
Materials & Processing 7.76%
Energy 6.00%
Utilities 4.12%
Consumer Staples 3.11%


Data as of 03/31/2013 is subject to change at any time. One cannot invest directly in an Index.

Fund Literature

Fund Literature

Download fund literature and regulatory documents

Related Materials

Daily Holdings

Daily Holdings

Click to view the Daily Holdings (csv)

Regulatory Documents

Regulatory Documents

Download regulatory documents, forms, and files.

Related Products

Related Products