Español 
Deutsch 
Français 
MSCI World Index (MSC)
NASDAQ Composite (NASDAQ)
FTSE China A50 Index (FGI)
STOXX Europe 600 (SIX)
Nikkei 300 (OSA)
NIFTY 50 (NSE)
DAX Performance Index (XETRA)
FTSE 100 (FGI)
CAC 40 (EURONEXT)
Direxion Daily Financial Bear 3x ETF (FAZ)
USD34.35
-0.67 (-1.91%)
AMEX USD US Equity
NAV
USD 34.98
-1.80% vs NAV
as of 2026-07-13
AUM
USD 88.50M
TER
1.03%
Yield (TTM)
3.41%
Distribution
Distributing · Quarterly
52-week range
4.04 – 55.94
Holdings
6
Issuer
Direxion
About this ETF
The Fund seeks daily investment results, before fees and expenses, of 300% of the inverse of the Financials Select Sector Index. The Fund invests in swap agreements, futures contracts, short positions or other financial instruments that, in combination, provide inverse (opposite) or short leveraged exposure to the Index.
ISIN
US25460E2164
Issuer
Direxion
Domicile
US
Inception
2008-11-06
Asset class
Equity
Price
Top 10 holdings
| Financial Select Sector Index SWAP | 69.44% |
| FINANCIAL SELECT SECTOR INDEX SWAP | 48.04% |
| FINANCIAL SELECT SECTOR INDEX SWAP | 35.10% |
| DREYFUS TRSRY SECURITIES CASH MGMT | -9.92% |
| GOLDMAN FINL SQ TRSRY INST 506 | -14.18% |
| DREYFUS GOVT CASH MAN INS | -28.49% |
Sector mix
Price chart
USD34.35
-0.67 (-1.91%)
Loading historical data…
Returns
| 1 month | -20.34% |
| 3 months | -26.21% |
| 6 months | -4.79% |
| Year to date | -10.62% |
| 1 year | +696.98% |
| 3 years (ann.) | +21.33% |
| 5 years (ann.) | +5.42% |
| 10 years (ann.) | -31.49% |
Risk profile
| Volatility (1y, ann.) | 903.61% |
| Sharpe (1y) | 0.98 |
| Sharpe (3y) | 0.49 |
| Sortino (1y) | 34.74 |
| Max drawdown (1y) | -38.95% |
| Max drawdown (5y) | -87.32% |
| Max drawdown (full) | -100.00% |
| Beta vs S&P 500 (1y) | 0.16 |
| Correlation vs S&P 500 (1y) | 0.00 |
Technical outlook as of 2026-07-13
Day Score (bias 0-100, not a probability)
26
P(gain) 22 sessions — probability
42%
VaR 95% (daily)
-5.40%
CVaR 95% (daily)
-9.30%
GARCH vol forecast (22d)
7.81%
Market regime (Markov)
Bear
The Monte Carlo cone is drawn on the price chart above (Forecast overlay); RSI, MACD and the rest of the oscillators live in its indicator panels.
Top-10 concentration
152.6%
Effective holdings
3
Disclosed positions
6
Full holdings
| Constituent | ISIN | Market value | Weight |
|---|---|---|---|
| Loading… | |||
Sector breakdown
Geographic exposure
Loading map…
Cost vs. peers
FAZ
1.03%
Equity median
0.39%
Cheapest in class BKLC
0.00%
Comparison universe: 6,948 funds of the same asset class.
Cost impact calculator
Dividend history
Distributing share class Income is paid out to shareholders.
| Ex-date | Payment | Amount |
|---|---|---|
| 2026-06-23 | 2026-06-30 | USD 0.2525 |
| 2026-03-24 | 2026-03-31 | USD 0.3787 |
| 2025-12-23 | 2025-12-31 | USD 0.1632 |
| 2025-09-23 | 2025-09-30 | USD 0.3764 |
| 2025-06-24 | 2025-07-01 | USD 0.3779 |
| 2025-03-25 | 2025-04-01 | USD 1.0318 |
| 2024-12-23 | 2024-12-31 | USD 0.4194 |
| 2024-09-24 | 2024-10-01 | USD 0.1016 |
| 2024-06-25 | 2024-07-02 | USD 1.4453 |
| 2024-03-19 | 2024-03-26 | USD 1.7961 |
| 2023-12-21 | 2023-12-29 | USD 0.8009 |
| 2023-09-19 | 2023-09-26 | USD 1.4902 |
| 2023-06-21 | 2023-06-28 | USD 1.6861 |
| 2023-03-21 | 2023-03-28 | USD 0.2688 |
| 2022-12-20 | 2022-12-28 | USD 0.0094 |
| 2020-03-24 | 2020-03-31 | USD 3.5688 |
| 2019-12-23 | 2019-12-31 | USD 5.8408 |
| 2019-09-24 | 2019-10-01 | USD 19.2776 |
| 2019-03-19 | 2019-03-26 | USD 10.8000 |
| 2018-12-27 | 2019-01-04 | USD 1.6400 |
| 2018-09-25 | 2018-10-02 | USD 8.4000 |
| 2018-03-20 | 2018-03-27 | USD 0.5844 |
Splits
| 2025-09-29 | 1:10 |
| 2021-03-02 | 1:8 |
| 2019-06-28 | 1:5 |
| 2015-10-01 | 1:4 |
| 2015-09-10 | 1:4 |
| 2013-04-02 | 1:4 |
| 2011-02-24 | 1:5 |
| 2009-07-09 | 1:10 |
ESG profile
No ESG estimate available: none of the scored universe overlaps this portfolio (typical for bond, commodity or synthetic funds).
Scored coverage: 0.0% of the portfolio by weight.
Similar ETFs
| Fund | TER | AUM (USD) | Yield (TTM) | Return 1y | Sharpe 1y |
|---|---|---|---|---|---|
| Vanguard Total Stock Market ETF VTI | 0.03% | 2.30T | 1.05% | +19.93% | 1.48 |
| Vanguard S&P 500 ETF VOO | 0.03% | 1.70T | 1.07% | +19.68% | 1.49 |
| iShares Core S&P 500 ETF IVV | 0.03% | 894.38B | 1.09% | +19.68% | 1.49 |
| State Street SPDR S&P 500 ETF SPY | 0.09% | 789.23B | 1.00% | +19.71% | 1.49 |
| SPDR S&P 500 ETF Trust 1557.T | 0.09% | 789.09B | 0.49% | +37.54% | 2.26 |
| State Street SPDR S&P 500 ETF SPY.AX | 0.09% | 788.13B | 1.00% | +11.84% | 1.13 |
| Vanguard Total International Stock ETF VXUS | 0.05% | 652.30B | 2.61% | +20.58% | 1.21 |
| Invesco QQQ Trust, Series 1 QQQ | 0.18% | 481.14B | 0.43% | +28.14% | 1.43 |
| Vanguard Growth ETF VUG | 0.03% | 393.80B | 0.39% | +16.85% | 0.99 |
| Vanguard FTSE Developed Markets ETF VEA | 0.03% | 317.30B | 2.60% | +21.64% | 1.23 |
Cheaper alternatives
No fund of the class reaches 60% portfolio overlap — showing the cheapest funds of the class instead.
| Fund | TER | AUM (USD) | Overlap |
|---|---|---|---|
| State Street SPDR Portfolio S&P 500 ETF SPYM | 0.02% | 159.32B | 0.0% |
| Vanguard Mid-Cap ETF VO | 0.03% | 218.80B | 0.0% |
| Vanguard S&P 500 ETF VOO | 0.03% | 1.70T | 0.0% |
| Vanguard Total Stock Market ETF VTI | 0.03% | 2.30T | 0.0% |
| iShares Core S&P 500 ETF IVV | 0.03% | 894.38B | 0.0% |
