FAZ vs TSMZ
Direxion Daily Financial Bear 3X ETF vs Direxion Daily TSM Bear 1X ETF
Which is better, FAZ or TSMZ?
FAZ has been ahead.
TSMZ has a lower expense ratio. FAZ led over 1Y and the full window.
MarketXLS is not an investment adviser. This comparison is generated automatically from market data and is for information only. A Best mark means the better reading on that one measure, not a recommendation to buy.
Side-by-Side Comparison
| Metric | FAZ | TSMZ |
|---|---|---|
| Expense Ratio | 1.04% | 1.01%Best |
| AUM | $93M | $3M |
| Dividend Yield | 2.53% | 4.42% |
| Holdings | 16 | 14 |
| YTD Return | -0.09%Best | -32.28% |
| 1Y Return | -8.61%Best | -37.86% |
| 3Y Return (annualized) | -40.22% | - |
| 5Y Return (annualized) | -26.94% | - |
| Volatility (annualized) | 42.8% | 33.3%Best |
| Max Drawdown | -60.5%Best | -75.1% |
| $10,000 over 2 years | $4,931Best | $3,361 |
| Fund Family | Direxion Shares ETF Trust | Direxion Shares ETF Trust |
| Category | Alternative | Alternative |
| Style | Trading-Inverse Equity | Trading-Inverse Equity |
| Inception | Nov 6, 2008 | Oct 3, 2024 |
Not shown on this pair: Top 10 Weight.
Volatility and max drawdown, and the $10,000 over 2 years row, are measured over the window both funds cover: Oct 3, 2024 to Oct 14, 2026 (2 years).
FAZ vs TSMZ growth
Month-end closes. Both lines start at 0% in the first month shown, so the gap between them is the difference in growth across that window. The full view covers the 2 years both funds cover.
FAZ vs TSMZ Performance
Direxion Daily Financial Bear 3X ETF (FAZ) is an ETF from Direxion Shares ETF Trust and Direxion Daily TSM Bear 1X ETF (TSMZ) is an ETF from Direxion Shares ETF Trust. Over the past year FAZ returned -8.61% while TSMZ returned -37.86%. Year to date, FAZ is down 0.09% versus a loss of 32.28% for TSMZ.
Past performance does not guarantee future results.
Risk: Volatility and Drawdowns
FAZ has been the more volatile fund, with annualized monthly volatility of 42.8% compared with 33.3% for TSMZ. Lower volatility generally means a smoother ride, though it often comes with lower long-run returns.
The deepest peak-to-trough decline in our data was -60.5% for FAZ and -75.1% for TSMZ. Drawdown depth is what each fund did in the worst stretch of the window measured above.
The two funds' monthly returns correlate at -0.09. They move largely independently of each other.
Fees and Cost Over Time
FAZ charges 1.04% per year while TSMZ charges 1.01%. On a $10,000 position that is $104 vs $101 annually, a gap of $3 per year that compounds over a long holding period. On income, FAZ currently yields 2.53% against 4.42% for TSMZ.
Holdings Overlap
We hold position weights for 3 holdings in FAZ and 3 in TSMZ, totalling 102.9% and 122.4% of the two funds. Neither is a share of a fund we can divide by, so no overlap percentage is shown here. Within what we can see, 3 positions appear in both.
3 positions in common, counted across the 3 positions we hold weights for in FAZ and 3 in TSMZ, against full books of 16 and 14.
You are not choosing between two funds in isolation.
Whichever of FAZ and TSMZ you pick has to sit alongside everything else you own. Add the rest and see what the combination actually holds.
Free for up to 10 holdings. No account needed.
Frequently Asked Questions
Which is cheaper, FAZ or TSMZ?
FAZ has an expense ratio of 1.04% while TSMZ charges 1.01%. TSMZ is the cheaper option, by $3 a year on a $10,000 investment.
Which performed better, FAZ or TSMZ?
Over the past year FAZ returned -8.61% vs -37.86% for TSMZ, so FAZ leads on 1-year performance. Over the longest common window we track (2 years), FAZ annualized -29.78% vs -42.03% for TSMZ. Past performance does not guarantee future results. This is information, not a recommendation.
Which is riskier, FAZ or TSMZ?
FAZ has been the more volatile fund at 42.8% annualized versus 33.3% for TSMZ. Worst drawdown: FAZ -60.5% vs TSMZ -75.1%.
Should I hold both FAZ and TSMZ?
FAZ and TSMZ have a monthly-return correlation of -0.09, so their returns are far enough apart for the mix to behave differently from either one alone. This is information, not a recommendation.
Which pays a higher dividend, FAZ or TSMZ?
FAZ yields 2.53% while TSMZ yields 4.42%, so TSMZ currently pays the higher dividend yield.
Is TSMZ better than FAZ?
TSMZ has a lower expense ratio. FAZ led over 1Y and the full window. Which one suits a particular account depends on what it is for. This is information, not a recommendation.