TZA vs IVAL
Comparison between Direxion Small Cap Bear 3X ETF (TZA, ETF) and ALPHA ARCHITECT INTERNATIONAL QUANTITATIVE VALUE ETF (IVAL, ETF).
5-Year PerformanceIVAL has outperformed TZA, delivering a return of +9.2% compared to -32.0%
TZA vs IVAL - Performance Comparison
Key Characteristics
Financial metrics and valuation ratios
TZA vs IVAL - Historical Returns
Returns include dividend reinvestment.
TZA vs IVAL - Annual Returns (2008 - 2026)
Returns include dividend reinvestment.
| Year | TZA | IVAL |
|---|---|---|
| 2026 | -44.63% | +12.51% |
| 2025 | -40.14% | +34.83% |
| 2024 | -33.52% | -0.14% |
| 2023 | -42.13% | +21.45% |
| 2022 | +35.32% | -10.65% |
| 2021 | -52.86% | -0.49% |
| 2020 | -80.41% | -5.86% |
| 2019 | -52.45% | +21.63% |
| 2018 | +28.74% | -23.13% |
| 2017 | -37.30% | +30.02% |
| 2016 | -58.67% | +10.36% |
| 2015 | -7.71% | -3.15% |
| 2014 | -31.55% | +0.36% |
| 2013 | -65.56% | N/A |
| 2012 | -46.46% | N/A |
| 2011 | -40.32% | N/A |
| 2010 | -65.58% | N/A |
| 2009 | -78.57% | N/A |
| 2008 | -59.11% | N/A |
TZA vs IVAL Drawdown Comparison
The maximum drawdown for TZA was -100.00%, occurring on Jun 30, 2026. This drawdown has not yet recovered.
The maximum drawdown for IVAL was -46.04%, occurring on Mar 23, 2020. Recovery took 1797 trading sessions.
The current TZA drawdown is -100.00%. The current IVAL drawdown is -2.83%.
| Rank | TZA | IVAL |
|---|---|---|
| #1 | -100.00% Nov 20, 2008 - Jun 30, 2026 | -46.04% Jan 24, 2018 - Mar 19, 2025 |
| #2 | N/A | -25.82% May 18, 2015 - Feb 21, 2017 |
| #3 | N/A | -13.12% Mar 19, 2025 - Apr 28, 2025 |
| #4 | N/A | -11.24% Feb 27, 2026 - Mar 20, 2026 |
| #5 | N/A | -5.22% Oct 27, 2025 - Dec 4, 2025 |
| #6 | N/A | -4.62% Dec 26, 2014 - Feb 3, 2015 |
| #7 | N/A | -4.58% Nov 8, 2017 - Dec 21, 2017 |
| #8 | N/A | -4.28% Jul 23, 2025 - Aug 8, 2025 |
| #9 | N/A | -4.27% Sep 16, 2025 - Oct 27, 2025 |
| #10 | N/A | -3.35% Mar 23, 2015 - Apr 15, 2015 |
| #11 | N/A | -3.09% Feb 20, 2015 - Mar 23, 2015 |
| #12 | N/A | -2.64% Jun 2, 2017 - Jul 12, 2017 |
| #13 | N/A | -2.64% Jul 2, 2025 - Jul 23, 2025 |
| #14 | N/A | -2.62% Aug 1, 2017 - Aug 25, 2017 |
| #15 | N/A | -2.49% Jun 2, 2025 - Jun 27, 2025 |
Correlation
Correlation between TZA and IVAL is -0.55 which considered as a moderate negative correlation - the stocks show some tendency to move in opposite directions.
Dividend Comparison (2014 - 2026)
TZA vs IVAL dividend yield comparison.
| Year | TZA | IVAL |
|---|---|---|
| 2026 | 2.73% | 1.54% |
| 2025 | 5.08% | 2.75% |
| 2024 | 5.40% | 3.60% |
| 2023 | 5.49% | 5.15% |
| 2022 | 0.00% | 8.00% |
| 2021 | 0.00% | 3.95% |
| 2020 | 1.21% | 2.07% |
| 2019 | 1.56% | 2.51% |
| 2018 | 0.63% | 2.93% |
| 2017 | 0.00% | 1.73% |
| 2016 | 0.00% | 2.02% |
| 2015 | 0.00% | 1.86% |
| 2014 | 0.00% | 0.20% |
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