FAZ Performance — Direxion Daily Financial Bear 3X Shares
Data updated: 2026-09-28
FAZ returned −13.34% year to date and −23.81% over one year to Jul 2026. Annualised returns are −39.47% over 3 years and −32.37% over 5 years. Against its Trading - Inverse category average the fund came out behind over three years but ahead over one: $100 invested three years ago grew to $22, against $39 for the category, and to $76 over one year, against $73. Volatility over the past three years was 40.41% a year. In the 12 months to Jul 2026 the fund took in a net $20.8M, and assets reached $94.61M.
FAZ Growth of $100
What $100 invested in Direxion Daily Financial Bear 3X Shares grew to, compounded from monthly returns reported on SEC Form N-PORT, against the Trading - Inverse category average over the same months.
| Period | FAZ | Category average |
|---|---|---|
| 1 year (Aug 2025 – Jul 2026) | $76 | $73 |
| 3 years (Aug 2023 – Jul 2026) | $22 | $39 |
| 5 years (Aug 2021 – Jul 2026) | $14 | $35 |
| Since data start (Aug 2019 – Jul 2026) | $1 | $12 |
FAZ Trailing Returns
Total returns to Jul 2026, from SEC N-PORT.
| Period | Total return |
|---|---|
| YTD | −13.34% |
| 1 year | −23.81% |
| 3 years (annualised) | −39.47% |
| 5 years (annualised) | −32.37% |
FAZ Annual Returns
Calendar-year total returns of Direxion Daily Financial Bear 3X Shares, compounded from monthly SEC N-PORT returns. Partial years show the months covered.
| Year | Total return |
|---|---|
| 2026 (Jan–Jul) | −13.34% |
| 2025 | −37.64% |
| 2024 | −51.10% |
| 2023 | −26.53% |
| 2022 | +1.26% |
| 2021 | −67.11% |
| 2020 | −73.83% |
| 2019 (Aug–Dec) | −21.59% |
FAZ Monthly Returns
Monthly total returns as reported on SEC Form N-PORT.
| Year | Jan | Feb | Mar | Apr | May | Jun | Jul | Aug | Sep | Oct | Nov | Dec |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 2026 | +7.5% | +10.9% | +11.3% | −14.7% | +4.0% | −11.9% | −16.4% | — | — | — | — | — |
| 2025 | −17.1% | −3.4% | +12.7% | −2.6% | −11.9% | −9.2% | +0.9% | −8.2% | +0.3% | +9.1% | −4.9% | −8.0% |
| 2024 | −7.5% | −10.6% | −12.0% | +14.7% | −7.8% | +4.0% | −16.4% | −12.1% | +2.6% | −7.1% | −26.5% | +18.7% |
| 2023 | −18.1% | +8.1% | +30.1% | −8.4% | +14.2% | −17.1% | −12.4% | +9.6% | +11.2% | +8.1% | −26.3% | −13.6% |
| 2022 | −0.9% | +2.6% | −4.6% | +35.1% | −13.1% | +33.7% | −20.7% | +4.7% | +25.0% | −31.9% | −20.0% | +17.6% |
| 2021 | +1.9% | −28.7% | −17.3% | −17.9% | −12.9% | +8.0% | −1.5% | −15.4% | +4.6% | −21.7% | +15.8% | −10.3% |
| 2020 | +0.6% | +31.9% | +3.4% | −37.4% | −17.5% | −9.6% | −12.6% | −12.7% | +12.0% | −2.4% | −40.5% | −17.5% |
| 2019 | — | — | — | — | — | — | — | +4.9% | −6.7% | −5.6% | −10.2% | −5.5% |
FAZ Risk
Risk measures from monthly returns over Aug 2023 – Jul 2026.
- 3-year volatility (annualised): 40.41%
- 3-year Sharpe ratio: -1.09 (vs 4.5% risk-free rate)
- Best month: +18.75% (Dec 2024)
- Worst month: −26.53% (Nov 2024)
FAZ Fund Flows
Monthly money in and out of Direxion Daily Financial Bear 3X Shares, from SEC Form N-PORT.
- 12-month net flow: $20.8M
- 12-month gross sales (incl. reinvestments): $239.6M
- Sales ÷ redemptions: 1.10×
| Month | Sales | Redemptions | Net flow |
|---|---|---|---|
| Jul 2026 | $18.1M | $8.5M | $9.6M |
| Jun 2026 | $8.3M | $6.3M | $2.0M |
| May 2026 | $0 | $11.4M | −$11.4M |
| Apr 2026 | $19.0M | $18.6M | $323K |
| Mar 2026 | $55.6M | $43.1M | $12.6M |
| Feb 2026 | $17.4M | $10.8M | $6.6M |
| Jan 2026 | $3.5M | $4.2M | −$704K |
| Dec 2025 | $9.8M | $13.7M | −$4.0M |
| Nov 2025 | $35.1M | $44.4M | −$9.3M |
| Oct 2025 | $10.7M | $8.8M | $2.0M |
| Sep 2025 | $31.4M | $27.3M | $4.1M |
| Aug 2025 | $30.7M | $21.8M | $8.9M |
FAZ Assets Under Management
Net assets of Direxion Daily Financial Bear 3X Shares by report date, from SEC N-PORT filings.
| Report date | Net assets |
|---|---|
| 2026-07-31 | $94.61M |
| 2026-04-30 | $120.08M |
| 2026-01-31 | $98.37M |
| 2025-10-31 | $118.29M |
| 2025-07-31 | $103.06M |
| 2025-04-30 | $101.87M |
| 2025-01-31 | $96.90M |
| 2024-10-31 | $126.48M |
| 2024-07-31 | $109.86M |
| 2024-04-30 | $137.77M |
| 2024-01-31 | $143.05M |
| 2023-10-31 | $167.62M |
For information only. Not investment advice: figures are as reported in SEC filings and may contain errors or be out of date. Past performance does not guarantee future results.