Fund Evaluator:
Direxion Daily Financial Bear 3X ETF (FAZ)
Follow This Fund
Other
Global Asset Class
Miscellaneous
Fund Group
Trading--Inverse Equity
Category
$36.214
NAV (as of Oct 07)
$0.00
Minimum Initial
1.03% D
Expense Ratio
$88 Mil
Assets
Open
Status
0.00%
12b-1 Fee
3.56%
TTM Yield
0.00%
Max Load
0%
Portfolio Turnover
Best Performing in Trading--Inverse Equity Over the Last Year
| 3.2% | ProFunds UltraShort China Inv (UHPIX) |
| -11.8% | Rydex Inverse S&P 500® Strategy Inv (RYURX) |
| -12.5% | ProFunds Bear Inv (BRPIX) |
| -15.6% | Rydex Inverse NASDAQ-100® Strategy Inv (RYAIX) |
| -16.4% | ProFunds Short NASDAQ-100 Inv (SOPIX) |
Data as of 7/31/2026
-16.4% F
1-Mo Return
-23.4% D
3-Mo Return
-13.3% B
YTD Return
-23.8% B
1-Yr Return
-39.2% D
3-Yr Return
-32.2% D
5-Yr Return
1.04 C
Category Risk Index
3.29
Total Risk Index
Fund Details
Fund Family
Direxion Funds
Inception Date
11/6/2008
Share Class Type
Equity Investment Style
na
Bond Investment Style
na
Socially Responsible Fund
No
Index Fund
Yes
Benchmark Index
S&P 500 (TR) (1970): 100%
Additional Fund Details
Direxion Daily Financial Bear 3X ETF Overview
FAZ Trailing NAV Total Returns Data as of 7/31/26
| Last Month |
Last Quarter |
Ann'l. 1Yr |
Ann'l. 3Yr |
Ann'l. 5Yr |
Ann'l. 10Yr |
|
| FAZ Return (NAV) | -16.4% | -23.4% | -23.8% | -39.2% | -32.2% | -44.3% |
| FAZ Grade | F | D | B | D | D | F |
| +/- Category | -18.7% | -19.3% | -0.2% | -21.3% | -17.4% | -23.5% |
| Trading--Inverse Equity Avg | 2.2% | -4.1% | -23.6% | -17.9% | -14.8% | -20.8% |
| FAZ Tax Cost Ratio | na | na | 1.1% | 1.7% | 1.2% | 0.7% |
FAZ Annual NAV Total ReturnsData as of 7/31/26
| 2026 | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | |
| FAZ Return (NAV) | -13.3% | -37.2% | -51.1% | -26.1% | 1.2% | -67.1% | -73.8% | -58.6% | 16.3% | -46.1% | -47.1% |
| FAZ Grade | B | C | D | C | D | F | D | F | B | D | D |
| +/- Category | 0.9% | -15.7% | -37.2% | -2.3% | -15.1% | -46.0% | -32.9% | -26.8% | 9.0% | -17.2% | -24.8% |
| Trading--Inverse Equity Avg | -14.2% | -21.5% | -13.9% | -23.7% | 16.4% | -21.1% | -41.0% | -31.9% | 7.3% | -28.9% | -22.3% |
| Risk Measures | |
| Standard Deviation: | 40.4% |
| Total Risk Index: | 3.29 - High |
| Category Risk Index: | 1.04 - Above Average |
| Category Risk Grade: | D (61% Rank) |
| Beta: | -2.06 |
| R-Squared: | 45% |
| Leveraged Fund: | Yes |
| Inverse Fund: | Yes |
| Portfolio Characteristics | |
| Equity Investment Style: | na |
| Bond Investment Style: | na |
| Yield: | 3.6% |
| Dividend Distribution: | Quarterly |
| Cap Gains Distribution: | Annually |
| Total Assets: | $88 Mil |
| Fund Total Assets: | $ 88 Mil |
| Share Class Type: | |
| Portfolio Turnover: | 0% |
Management Team
| Number of Managers: 2 | |||
| Longest Tenure: 17.7 years | |||
| Average Tenure: 14.3 years | |||
| Managers (Year): Brigandi Paul (2008), Ng Tony (2015) | |||
Portfolio Composition (as of 7/31/26)
| # of Holdings: | 9 |
| % in Top 10 Holdings: | 120.2% |
| Fund is Non-Diversified: | Yes |
| % in Foreign Issues: | 0.0% |
Portfolio Allocation |
|
| Domestic Stock: | -10.1% |
| Foreign Stock: | 0.0% |
| Preferred Stock: | 0.0% |
| Domestic Bond: | 0.0% |
| Foreign Bond: | 0.0% |
| Convertible Bond: | 0.0% |
| Other: | 0.0% |
| Cash: | 110.1% |
Purchase Information
| Fund Family: | Direxion Funds |
| Phone Number: | 866-476-7523 |
| Website: | http://www.direxioninvestments.com/ |
| Status: | Open |
| Inception Date: | November 6, 2008 |
| Min. Initial Purchase: | $ 0 |
| Min. Initial IRA Purchase: | $ 0 |
| True No-Load: | Yes |
| Front Load Maximum: | 0.00% |
| Deferred Charge Maximum: | 0.00% |
| Redemption Charge Maximum: | 0.00% |
| 12b-1 Fee: | 0.00% |
Expenses and Fees | |
| Expense Ratio (%): | 1.03% ( Rating : High ) |
| Category Average Expense Ratio (%): | 1.97% |
| Share Class: | Direxion Daily Financial Bear 3X ETF |
| Min. Subsequent Purchase: | $ 0 |
| Min. Subsequent IRA Purchase: | $ 0 |
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