Leveraged & inverse index ETFs
TNA vs TZA.
Direxion Daily Small Cap Bull 3X Shares (3x daily Russell 2000) against Direxion Daily Small Cap Bear 3X Shares (-3x daily Russell 2000) — fees, long-horizon total returns, holdings overlap, and sector tilt, side by side.
Performance · total returndaily bars · as of 2026-07-16
| TNA | TZA | SPREAD | |
|---|---|---|---|
| YTD (cumulative) | +56.7% | — | — |
| 1Y CAGR | +101% | — | — |
| 3Y CAGR | +24.9% | — | — |
| 5Y CAGR | -1.52% | — | — |
| 10Y CAGR | +7.60% | — | — |
| Since inception CAGR | +16.3% | — | — |
Total return: dividend- and split-adjusted daily closes (distributions reinvested). Spread is TNA minus TZA. TNA since-inception measured from first available bar November 19, 2008. Since-inception spans differ — compare that row with care.
Fund facts
| TNA | TZA | |
|---|---|---|
| Name | Direxion Daily Small Cap Bull 3X Shares | Direxion Daily Small Cap Bear 3X Shares |
| Category | Trading--Leveraged Equity | Trading--Inverse Equity |
| Style | Passive | Passive |
| Expense ratio | 0.94% | 0.91% |
| Assets (AUM) | $1.4B | $207.7M |
| Dividend yield | 0.28% | 5.15% |
| Avg volume (3-mo) | 6.7M | 26.2M |
| Inception | November 5, 2008 | November 5, 2008 |
| Benchmark proxy | Russell 2000 (3x daily target) | Russell 2000 (-3x daily target) |
Holdings overlap
The provider doesn't break out holdings for TZA — overlap can't be computed.
Sector tilt TNA TZA
Healthcare20.3% / —
Financial Services17.5% / —
Technology14.8% / —
Industrials14.1% / —
More leveraged & inverse index etfs
ALAN GLOBAL INTELLIGENCE · alanglobalintelligence.comdaily bars as of 2026-07-16 · fund facts · issuer-verified · holdings · fund data provider
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For information and research only. Not investment advice. ALAN does not place trades or execute orders. Figures come from the sources shown and can lag the market; verify independently before making decisions. Past performance is not predictive of future results.