TZADIREXION DAILY SMALL CAP BEAR 3X SHARESINDEX
DIREXION DAILY SMALL CAP BEAR 3X SHARES
$48.13-0.19% vs prior close
369552-WK
Price through Oct 22, 2026 · Flows through Oct 21, 2026. Figures use the latest available records, not a live quote. Fund details retrieved Oct 22, 2026. Holdings snapshot retrieved Oct 22, 2026.
TZA price
Source: Market tape, daily closes; price return, distributions not reinvested
Table
| Date | TZA close |
|---|---|
| Jan 2, 2026 | $72.90 |
| Jan 5, 2026 | $69.40 |
| Jan 6, 2026 | $66.70 |
| Jan 7, 2026 | $67.20 |
| Jan 8, 2026 | $65.00 |
| Jan 9, 2026 | $63.60 |
| Jan 12, 2026 | $62.80 |
| Jan 13, 2026 | $62.90 |
| Jan 14, 2026 | $61.60 |
| Jan 15, 2026 | $60.00 |
| Jan 16, 2026 | $59.90 |
| Jan 20, 2026 | $62.00 |
| Jan 21, 2026 | $58.50 |
| Jan 22, 2026 | $57.20 |
| Jan 23, 2026 | $60.30 |
| Jan 26, 2026 | $61.00 |
| Jan 27, 2026 | $60.50 |
| Jan 28, 2026 | $61.50 |
| Jan 29, 2026 | $61.40 |
| Jan 30, 2026 | $64.20 |
| Feb 2, 2026 | $62.30 |
| Feb 3, 2026 | $61.90 |
| Feb 4, 2026 | $63.50 |
| Feb 5, 2026 | $66.90 |
| Feb 6, 2026 | $59.70 |
| Feb 9, 2026 | $58.60 |
| Feb 10, 2026 | $59.10 |
| Feb 11, 2026 | $59.90 |
| Feb 12, 2026 | $63.60 |
| Feb 13, 2026 | $61.20 |
| Feb 17, 2026 | $61.10 |
| Feb 18, 2026 | $60.50 |
| Feb 19, 2026 | $60.10 |
| Feb 20, 2026 | $60.20 |
| Feb 23, 2026 | $63.00 |
| Feb 24, 2026 | $60.90 |
| Feb 25, 2026 | $60.10 |
| Feb 26, 2026 | $59.30 |
| Feb 27, 2026 | $62.30 |
| Mar 2, 2026 | $60.60 |
| Mar 3, 2026 | $63.70 |
| Mar 4, 2026 | $61.90 |
| Mar 5, 2026 | $65.40 |
| Mar 6, 2026 | $70.00 |
| Mar 9, 2026 | $67.80 |
| Mar 10, 2026 | $67.90 |
| Mar 11, 2026 | $68.40 |
| Mar 12, 2026 | $72.90 |
| Mar 13, 2026 | $73.80 |
| Mar 16, 2026 | $71.60 |
| Mar 17, 2026 | $70.30 |
| Mar 18, 2026 | $73.70 |
| Mar 19, 2026 | $72.30 |
| Mar 20, 2026 | $77.10 |
| Mar 23, 2026 | $72.10 |
| Mar 24, 2026 | $70.20 |
| Mar 25, 2026 | $67.70 |
| Mar 26, 2026 | $71.40 |
| Mar 27, 2026 | $75.10 |
| Mar 30, 2026 | $78.40 |
| Mar 31, 2026 | $70.20 |
| Apr 1, 2026 | $68.90 |
| Apr 2, 2026 | $67.70 |
| Apr 6, 2026 | $66.80 |
| Apr 7, 2026 | $66.30 |
| Apr 8, 2026 | $60.50 |
| Apr 9, 2026 | $59.50 |
| Apr 10, 2026 | $60.00 |
| Apr 13, 2026 | $57.30 |
| Apr 14, 2026 | $55.10 |
| Apr 15, 2026 | $54.60 |
| Apr 16, 2026 | $54.30 |
| Apr 17, 2026 | $50.80 |
| Apr 20, 2026 | $50.00 |
| Apr 21, 2026 | $51.40 |
| Apr 22, 2026 | $50.40 |
| Apr 23, 2026 | $50.90 |
| Apr 24, 2026 | $50.40 |
| Apr 27, 2026 | $50.20 |
| Apr 28, 2026 | $52.00 |
| Apr 29, 2026 | $53.00 |
| Apr 30, 2026 | $49.60 |
| May 1, 2026 | $49.00 |
| May 4, 2026 | $49.70 |
| May 5, 2026 | $47.10 |
| May 6, 2026 | $45.10 |
| May 7, 2026 | $47.30 |
| May 8, 2026 | $46.40 |
| May 11, 2026 | $45.80 |
| May 12, 2026 | $47.10 |
| May 13, 2026 | $47.10 |
| May 14, 2026 | $46.30 |
| May 15, 2026 | $49.60 |
| May 18, 2026 | $50.50 |
| May 19, 2026 | $52.10 |
| May 20, 2026 | $48.30 |
| May 21, 2026 | $46.90 |
| May 22, 2026 | $45.70 |
| May 26, 2026 | $43.10 |
| May 27, 2026 | $43.10 |
| May 28, 2026 | $42.50 |
| May 29, 2026 | $43.30 |
| Jun 1, 2026 | $43.90 |
| Jun 2, 2026 | $42.70 |
| Jun 3, 2026 | $44.30 |
| Jun 4, 2026 | $42.50 |
| Jun 5, 2026 | $47.00 |
| Jun 8, 2026 | $45.80 |
| Jun 9, 2026 | $45.40 |
| Jun 10, 2026 | $46.80 |
| Jun 11, 2026 | $42.70 |
| Jun 12, 2026 | $41.60 |
| Jun 15, 2026 | $40.60 |
| Jun 16, 2026 | $41.70 |
| Jun 17, 2026 | $42.70 |
| Jun 18, 2026 | $40.20 |
| Jun 22, 2026 | $39.10 |
| Jun 23, 2026 | $39.90 |
| Jun 24, 2026 | $39.40 |
| Jun 25, 2026 | $38.60 |
| Jun 26, 2026 | $38.90 |
| Jun 29, 2026 | $38.50 |
| Jun 30, 2026 | $37.90 |
| Jul 1, 2026 | $38.40 |
| Jul 2, 2026 | $39.20 |
| Jul 6, 2026 | $38.60 |
| Jul 7, 2026 | $39.70 |
| Jul 8, 2026 | $40.70 |
| Jul 9, 2026 | $39.30 |
| Jul 10, 2026 | $39.90 |
| Jul 13, 2026 | $40.80 |
| Jul 14, 2026 | $40.40 |
| Jul 15, 2026 | $39.90 |
| Jul 16, 2026 | $39.94 |
| Jul 17, 2026 | $40.62 |
| Jul 20, 2026 | $41.35 |
| Jul 21, 2026 | $39.59 |
| Jul 22, 2026 | $40.70 |
| Jul 23, 2026 | $41.39 |
| Jul 24, 2026 | $41.83 |
| Jul 27, 2026 | $41.12 |
| Jul 28, 2026 | $40.94 |
| Jul 29, 2026 | $42.93 |
| Jul 30, 2026 | $41.20 |
| Jul 31, 2026 | $41.80 |
| Aug 3, 2026 | $39.70 |
| Aug 4, 2026 | $37.51 |
| Aug 5, 2026 | $38.23 |
| Aug 6, 2026 | $38.84 |
| Aug 7, 2026 | $37.60 |
| Aug 10, 2026 | $38.19 |
| Aug 11, 2026 | $37.81 |
| Aug 12, 2026 | $37.18 |
| Aug 13, 2026 | $36.91 |
| Aug 14, 2026 | $36.37 |
| Aug 17, 2026 | $36.73 |
| Aug 18, 2026 | $38.11 |
| Aug 19, 2026 | $37.58 |
| Aug 20, 2026 | $39.08 |
| Aug 21, 2026 | $38.25 |
| Aug 24, 2026 | $39.01 |
| Aug 25, 2026 | $38.52 |
| Aug 26, 2026 | $38.66 |
| Aug 27, 2026 | $38.34 |
| Aug 28, 2026 | $39.94 |
| Aug 31, 2026 | $40.69 |
| Sep 1, 2026 | $42.08 |
| Sep 2, 2026 | $40.62 |
| Sep 3, 2026 | $40.17 |
| Sep 4, 2026 | $39.90 |
| Sep 8, 2026 | $40.41 |
| Sep 9, 2026 | $42.09 |
| Sep 10, 2026 | $43.39 |
| Sep 11, 2026 | $42.93 |
| Sep 14, 2026 | $43.38 |
| Sep 15, 2026 | $44.28 |
| Sep 16, 2026 | $44.90 |
| Sep 17, 2026 | $44.21 |
| Sep 18, 2026 | $44.87 |
| Sep 21, 2026 | $44.19 |
| Sep 22, 2026 | $42.99 |
| Sep 23, 2026 | $45.36 |
| Sep 24, 2026 | $45.51 |
| Sep 25, 2026 | $45.44 |
| Sep 28, 2026 | $46.35 |
| Sep 29, 2026 | $46.88 |
| Sep 30, 2026 | $47.47 |
| Oct 1, 2026 | $46.93 |
| Oct 2, 2026 | $45.77 |
| Oct 5, 2026 | $44.82 |
| Oct 6, 2026 | $45.85 |
| Oct 7, 2026 | $47.65 |
| Oct 8, 2026 | $47.75 |
| Oct 9, 2026 | $47.10 |
| Oct 12, 2026 | $47.65 |
| Oct 13, 2026 | $48.26 |
| Oct 14, 2026 | $51.08 |
| Oct 15, 2026 | $49.03 |
| Oct 16, 2026 | $51.51 |
| Oct 19, 2026 | $51.05 |
| Oct 20, 2026 | $48.59 |
| Oct 21, 2026 | $48.22 |
| Oct 22, 2026 | $48.13 |
Weekly net flows, YTD
Net outflow over the range: −$979M
- Inflow / above zero
- Outflow / below zero
Source: Daily creation and redemption records
Show as table
| Label | Value ($) |
|---|---|
| Dec 29 | −$40.7M |
| Jan 5 | $31.2M |
| Jan 12 | $646.9M |
| Jan 19 | $89.8M |
| Jan 26 | −$695.8M |
| Feb 2 | −$123.3M |
| Feb 9 | $55.1M |
| Feb 16 | $56.5M |
| Feb 23 | $112.2M |
| Mar 2 | −$63.4M |
| Mar 9 | −$26.4M |
| Mar 16 | $275.6M |
| Mar 23 | $53.2M |
| Mar 30 | −$92M |
| Apr 6 | $550.9M |
| Apr 13 | $269.1M |
| Apr 20 | $215.9M |
| Apr 27 | −$306.3M |
| May 4 | $301.4M |
| May 11 | −$209.3M |
| May 18 | −$174.5M |
| May 25 | $221.1M |
| Jun 1 | −$8.4M |
| Jun 8 | −$61.1M |
| Jun 15 | −$122.2M |
| Jun 22 | $117.3M |
| Jun 29 | −$22.9M |
| Jul 6 | −$123.7M |
| Jul 13 | −$1.8B |
| Jul 20 | $2.1M |
| Jul 27 | −$35.1M |
| Aug 3 | $4.2M |
| Aug 10 | $26.1M |
| Aug 17 | −$1.9M |
| Aug 24 | $0 |
| Aug 31 | −$8.1M |
| Sep 7 | −$1.9M |
| Sep 14 | −$6.7M |
| Sep 21 | −$24.1M |
| Sep 28 | −$7.1M |
| Oct 5 | −$9.4M |
| Oct 12 | $2.3M |
| Oct 19 | $2.4M |
The desk’s read
Money is leaving — −$36M in net outflows over the past month, about 15.1% of the fund's asset base, while the price has returned -35.9% so far this year.
COMPOSED FROM THE FUND’S OWN DAILY RECORDS · UPDATED WITH EACH REFRESH
$238Massets under management
—expense ratio
−$36Mnet flow, trailing month
4.3Mavg daily volume, 30 days
1holdings · US-domiciled
2024listed January 9, 2024 · beta -3.47
Sector weights
- Other100%
- Cash & Others100%
- Cash100%
Source: Portfolio composition, latest disclosure
Show as table
| Item | Value (%) |
|---|---|
| Other | 100% |
| Cash & Others | 100% |
| Cash | 100% |
Country weights
- Other100%
- United States100%
- Cash100%
Source: Portfolio composition, latest disclosure
Show as table
| Item | Value (%) |
|---|---|
| Other | 100% |
| United States | 100% |
| Cash | 100% |
Performance
| 1 week | -6.6% |
| 1 month | +12.0% |
| 3 months | +18.3% |
| 6 months | -3.7% |
| YTD | -35.9% |
| 1 year | -39.7% |
| 3 years | — |
PRICE RETURN, DISTRIBUTIONS NOT REINVESTED
Net flows
| 1 week | −$100K |
| 1 month | −$36M |
| 3 months | −$45M |
| YTD | −$979M |
| 1 year | −$1.5B |
CREATION/REDEMPTION DOLLARS, DAILY RECORDS
Monthly net flows
- Inflow / above zero
- Outflow / below zero
Source: Daily creation/redemption records, trailing twelve months
Show as table
| Label | Value ($) |
|---|---|
| Nov | −$225.4M |
| Dec | −$298.7M |
| Jan | $31.4M |
| Feb | $100.5M |
| Mar | −$89.9M |
| Apr | $1B |
| May | $94.5M |
| Jun | −$124.1M |
| Jul | −$2B |
| Aug | $14.1M |
| Sep | −$33.5M |
| Oct | −$4.8M |
The risk read
45%realized volatility, 30 days (annualized)
54%realized volatility, 1 year
-61.8%deepest fall from a peak, 1 year
-49.4%latest close versus that peak
VOLATILITY & DRAWDOWN FROM THE DAILY TAPE · CONCENTRATION FROM THE LATEST DISCLOSED BOOK
Options tape
1Kcalls · latest snapshot
82puts · latest snapshot
0.08put/call ratio
5.1Mshares traded
The case against TZA
Due diligence cuts both ways. These funds sit on the same shelf and beat TZA on at least one dimension that matters — the fee, the asset base, or where the money is going.
| Fund | Fee | Assets | Flow, 1M | The case | |
|---|---|---|---|---|---|
| IJH iShares Core S&P Mid-Cap ETF | 0.05% | $123.5B | +$2.3B | 520× the assets · +$2.3B in over the month | Head-to-head |
| IJR iShares Core S&P Small-Cap ETF | 0.06% | $104.3B | +$383M | 439× the assets · +$383M in over the month | Head-to-head |
| IWM iShares Russell 2000 ETF | 0.19% | $75.1B | +$2.2B | 316× the assets · +$2.2B in over the month | Head-to-head |
| IWR iShares Russell Mid-Cap ETF | 0.19% | $56.3B | +$583M | 237× the assets · +$583M in over the month | Head-to-head |
| SPMD State Street SPDR Portfolio S&P 400 Mid Cap ETF | 0.03% | $18.4B | +$199M | 77× the assets · +$199M in over the month | Head-to-head |