FAZ
FAZ (Direxion Daily Financial Bear 3X Shares) is an exchange-traded fund (ETF) that seeks to provide three times the inverse (−3x) of the daily performance of the Financial Select Sector Index. It is designed for investors looking to profit from declines in the financial sector or to hedge against financial sector risks.
Asset Summary
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Asset Performance Metrics and Risk Characteristics:
Metrics below use daily returns for Jan 1, 2026 – Aug 23, 2026 (YTD).
Understanding asset performance is crucial for evaluating investment quality and making informed decisions. Metrics like trailing return and drawdown provide insights into how an asset has performed over time, its volatility, and the efficiency of its returns relative to risk. Performance indicators help assess the stability, risk, and reward of an investment, allowing investors and portfolio managers to make comparisons and strategize accordingly.
1 Month Trailing Return
-7.92%
Represents the percentage change in asset value over the past month.
3 Month Trailing Return
-27.15%
Indicates the percentage change in asset value over the last three months.
Period Max Drawdown
44.89%
The highest percentage drop from the peak value to the lowest point during the observed period.
Standard Deviation
45.40%
Shows how much the asset’s daily returns deviate from the average, annualized for the entire period.
Sharpe Ratio
-0.38
Measures the average return earned in excess of the risk-free rate per unit of volatility, annualized.
Calmar Ratio
-0.38
The ratio of the annualized return to the maximum drawdown, reflecting the return per unit of risk.
Asset Technical Analysis
Technical analysis involves evaluating an asset's price and volume data to forecast future movements and make informed trading decisions. Using indicators such as moving averages, pivot levels, momentum studies, and candlestick pattern scans can clarify trend strength and volatility. The tabs below summarize moving averages, pivots, technical indicators, candlestick patterns, and recent prices for this symbol.
Analysis
Moving Averages
Moving Averages are commonly used to smooth out price data and identify trends over a specific period. Here’s a summary of the latest moving averages for various periods:
| Type/Period | |
|---|---|
| SMA | |
| EMA | |
| WMA | |
| WEMA |
- SMA (Simple Moving Average): Reflects the average price over a specific number of periods.
- EMA (Exponential Moving Average): Gives more weight to recent prices, making it more responsive to new information.
- WMA (Weighted Moving Average): Assigns a weight to each price, emphasizing more recent prices.
- WEMA (Weighted Exponential Moving Average): Combines elements of both WMA and EMA for a more responsive moving average.
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Unlock Full Potential NowFrequently Asked Questions
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Risks include high volatility and the potential for significant losses due to the leveraged and inverse nature of the ETF. Leveraged inverse ETFs like FAZ are designed for short-term trading and may not perform as expected over longer periods due to compounding and daily rebalancing effects.
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Historical performance data for FAZ includes past returns, NAV, and volatility. This data provides insights into how well the ETF has tracked its target inverse performance and the effects of its leveraged strategy over time.
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Factors influencing FAZ’s performance include the volatility and performance of the financial sector, overall market conditions, and the effectiveness of the leveraged and inverse strategy. Daily rebalancing and compounding effects can also impact performance.
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FAZ has an expense ratio of approximately 0.95%. This fee covers the costs associated with managing and operating the fund, including administrative and management expenses.
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FAZ uses financial derivatives to achieve three times the inverse of the daily performance of the Financial Select Sector Index. The ETF rebalances daily to maintain this leverage and inverse ratio, which can amplify returns in falling markets and amplify losses in rising markets.
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Similar ETFs to FAZ include: SKF (ProShares UltraShort Financials), which provides twice the inverse daily performance of the Financial Select Sector Index; SDS (ProShares UltraShort S&P 500), which seeks to provide twice the inverse daily performance of the S&P 500 Index; and TZA (Direxion Daily Small Cap Bear 3X Shares), which provides three times the inverse daily performance of the Russell 2000 Index.
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Key performance metrics for FAZ include its net asset value (NAV), daily percentage returns, expense ratio, and tracking error. NAV represents the per-share value of the ETF, daily returns show how FAZ performs relative to the inverse of the Financial Select Sector Index, the expense ratio covers the fund's management and operational costs, and tracking error measures how closely FAZ tracks its target inverse performance.
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Investors can purchase shares of FAZ through a brokerage account. It is traded on major stock exchanges under the ticker symbol "FAZ" and can be bought and sold like other stocks and ETFs.
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FAZ aims to provide three times the inverse daily performance of the Financial Select Sector Index. Due to the leveraged and inverse nature of the ETF, its performance can deviate significantly from the index over longer periods due to daily compounding effects and rebalancing.
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FAZ typically distributes dividends on a quarterly basis. These dividends are generated from the income produced by the underlying securities in the fund and any net investment income.
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Disclaimers
The information displayed on this site is sourced from third-party providers and is believed to be reliable. OHLCX has not independently verified this data and does not guarantee its accuracy. Content is for educational and informational purposes only and is not financial or investment advice.
With any investment, your capital is at risk. Past performance is no guarantee of future results. Consult your provider's terms and privacy policies where applicable.
Market data is provided in near real-time when available, but we do not guarantee its accuracy or timeliness.
Securities products are: Not FDIC insured · Not bank guaranteed · May lose value
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