TZA — Direxion Daily Small Cap Bear 3X Shares
Data updated: 2026-06-29
TZA — Direxion Daily Small Cap Bear 3X Shares data: holdings, portfolio allocation, expenses, performance, cashflows, risk and SEC filings. Inverse / Short · $265.84M AUM · 0.99% expense ratio · -69.3% 1-yr return. From SEC regulatory filings.
TZA Fund Overview
TZA — Direxion Daily Small Cap Bear 3X Shares is a US ETF managed by Direxion Shares ETF Trust, categorised as Inverse / Short. ABC INVEST provides holdings, performance, costs, cashflows, risk data, prospectus documents and SEC filings, sourced from SEC filings.
- Type: US ETF
- Manager: Direxion Shares ETF Trust
- Category: Inverse / Short
- Assets under management: $265.84M
- 1-year return: -69.3%
- Ticker: TZA
- SEC CIK: 0001424958
- SEC series ID: S000022770
- Share class ID: C000065898
TZA Holdings
Top 4 holdings of Direxion Daily Small Cap Bear 3X Shares by percentage of net assets, from the fund's latest SEC N-PORT filing.
| Holding | % of net assets |
|---|---|
| Dreyfus Government Cash Manage | 56.23% |
| Goldman Financial | 32.45% |
| Goldman Sachs Liq Es Fd A | 22.57% |
| Dreyfus | 11.21% |
TZA Portfolio Allocation
Asset-class allocation of Direxion Daily Small Cap Bear 3X Shares by percentage of net assets, from the latest SEC N-PORT filing.
| Asset class | Allocation |
|---|---|
| Cash & Equivalents | 122.5% |
TZA Performance
Total returns for TZA (as of 2026-08-01), from SEC filings.
| Period | Total return |
|---|---|
| YTD | -33.5% |
| 1 year | -69.3% |
| 3 years (annualised) | -44.9% |
| 5 years (annualised) | -29.4% |
TZA Risk Information
Risk metrics for TZA, derived from monthly returns in SEC filings.
- 1-year volatility (annualised): 38.8%
TZA Costs and Fees
TZA costs about $99 per $10,000 invested per year in fund expenses.
- Net expense ratio: 0.99%
- Gross expense ratio: 0.99%
- Portfolio turnover: 0%
- Brokerage commissions: 20.68 bps of average net assets (SEC N-CEN)
TZA Cashflows
Over the 12 months to 2026-04, Direxion Daily Small Cap Bear 3X Shares had net inflows of $321.04M, from monthly SEC N-PORT filings.
| Month | Net flow |
|---|---|
| 2026-04 | $97.47M |
| 2026-03 | −$10.00M |
| 2026-02 | $18.07M |
| 2026-01 | −$5.15M |
| 2025-12 | −$31.32M |
| 2025-11 | −$21.00M |
TZA Debt Constituents
No individual debt constituents are reported in Direxion Daily Small Cap Bear 3X Shares's latest SEC N-PORT filing.
TZA Prospectus and SEC Filings
Official Direxion Daily Small Cap Bear 3X Shares filings on SEC EDGAR — prospectus, portfolio holdings and annual reports.
Related Funds
Other Inverse / Short funds tracked on ABC INVEST:
Data Sources
ABC INVEST compiles this page from public filings made to the U.S. Securities and Exchange Commission (SEC) through EDGAR: portfolio holdings and monthly cashflows from Form N-PORT, expenses and returns from fund prospectuses (Form 485BPOS) and the SEC DERA Risk/Return Summary data sets, annual data from Form N-CEN, and shareholder reports from Form N-CSR.