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TNA vs TZA

Comparison between DIREXION DAILY SMALL CAP BULL 3X SHARES (TNA, ETF) and Direxion Small Cap Bear 3X ETF (TZA, ETF).

5-Year PerformanceTNA has outperformed TZA, delivering a return of -3.2% compared to -32.0%

TNA vs TZA - Performance Comparison

Key Characteristics

Financial metrics and valuation ratios

Net Assets
Winner
TNA
$1.40B
TZA
$208M
Max Drawdown
Winner
TNA
88.19%
TZA
100.00%
Sharpe Ratio
Winner
TNA
1.41
TZA
-1.47
5Y Beta
TNA
3.29
Winner
TZA
0.00
5Y Dividends CAGR
TNA
76.05%
TZA
N/A

TNA vs TZA - Holdings Comparison

TNA and TZA have 0 common holdings. Overlap is 0.00%

TNA's top 25 holdings weight is 67.62%. TZA's top 25 holdings weight is 40.95%.

RankTNATZA
#1
ISHARES RUSSELL 2000 ETF (IWM) - 67.62%
GOLDMAN SACHS FS TREASURY INTMS INSTL (FTIXX) - 40.95%
#2N/AN/A
#3N/AN/A
#4N/AN/A
#5N/AN/A
#6N/AN/A
#7N/AN/A
#8N/AN/A
#9N/AN/A
#10N/AN/A
#11N/AN/A
#12N/AN/A
#13N/AN/A
#14N/AN/A
#15N/AN/A
#16N/AN/A
#17N/AN/A
#18N/AN/A
#19N/AN/A
#20N/AN/A
#21N/AN/A
#22N/AN/A
#23N/AN/A
#24N/AN/A
#25N/AN/A
Total Holdings11

TNA vs TZA - Historical Returns

Returns include dividend reinvestment.

1M
TNA
-2.62%
Winner
TZA
+2.22%
3M
Winner
TNA
+21.06%
TZA
-22.24%
6M
Winner
TNA
+23.83%
TZA
-31.00%
1Y
Winner
TNA
+100.86%
TZA
-62.75%
5Y(CAGR)
Winner
TNA
-3.23%
TZA
-31.96%
10Y(CAGR)
Winner
TNA
+7.72%
TZA
-42.89%
Max(CAGR)
Winner
TNA
+16.35%
TZA
-50.45%

TNA vs TZA - Annual Returns (2008 - 2026)

Returns include dividend reinvestment.

YearTNATZA
2026+53.05%-44.63%
2025+9.73%-40.14%
2024+9.18%-33.52%
2023+28.43%-42.13%
2022-63.78%+35.32%
2021+33.40%-52.86%
2020-7.95%-80.41%
2019+68.96%-52.45%
2018-41.55%+28.74%
2017+37.32%-37.30%
2016+70.92%-58.67%
2015-20.16%-7.71%
2014+8.80%-31.55%
2013+126.10%-65.56%
2012+36.07%-46.46%
2011-41.16%-40.32%
2010+57.25%-65.58%
2009+35.20%-78.57%
2008+40.87%-59.11%

TNA vs TZA Drawdown Comparison

The maximum drawdown for TNA was -88.09%, occurring on Mar 23, 2020. Recovery took 612 trading sessions.

The maximum drawdown for TZA was -100.00%, occurring on Jun 30, 2026. This drawdown has not yet recovered.

The current TNA drawdown is -33.34%. The current TZA drawdown is -100.00%.

RankTNATZA
#1-88.09%
Aug 31, 2018 - Feb 8, 2021		-100.00%
Nov 20, 2008 - Jun 30, 2026
#2-82.37%
Nov 8, 2021 - Apr 8, 2025		N/A
#3-73.06%
Jan 6, 2009 - Aug 4, 2009		N/A
#4-70.56%
Apr 29, 2011 - May 10, 2013		N/A
#5-62.64%
Jun 23, 2015 - Nov 25, 2016		N/A
#6-53.47%
Apr 23, 2010 - Dec 17, 2010		N/A
#7-35.80%
Mar 4, 2014 - Feb 19, 2015		N/A
#8-35.14%
Nov 28, 2008 - Jan 2, 2009		N/A
#9-30.06%
Mar 15, 2021 - Nov 5, 2021		N/A
#10-27.64%
Oct 14, 2009 - Dec 23, 2009		N/A
#11-26.15%
Jan 19, 2010 - Mar 3, 2010		N/A
#12-25.61%
Jan 23, 2018 - May 21, 2018		N/A
#13-21.06%
Jan 22, 2014 - Feb 27, 2014		N/A
#14-21.01%
Nov 19, 2008 - Nov 24, 2008		N/A
#15-19.98%
Feb 9, 2021 - Mar 11, 2021		N/A

Correlation

Correlation between TNA and TZA is -0.39 which considered as a weak negative correlation - the stocks show a slight tendency to move in opposite directions.

-0.39
-101

Dividend Comparison (2008 - 2026)

TNA vs TZA dividend yield comparison.

YearTNATZA
20260.15%2.73%
20250.78%5.08%
20240.93%5.40%
20231.27%5.49%
20220.31%0.00%
20210.06%0.00%
20200.03%1.21%
20190.44%1.56%
20180.36%0.63%
20170.15%0.00%
20140.59%0.00%
20131.53%0.00%
20100.15%0.00%
200911.16%0.00%
20080.12%0.00%

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