SRTY vs TZA
ProShares UltraPro Short Russell2000 vs Direxion Daily Small Cap Bear 3X ETF
Which is better, SRTY or TZA?
Nearly the same fund. SRTY costs less.
SRTY has a lower expense ratio. TZA led over 1Y, 3Y, 5Y and the full window. The two have moved almost in lockstep, correlation 1.00.
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 | SRTY | TZA |
|---|---|---|
| Expense Ratio | 0.95%Best | 0.99% |
| AUM | $72M | $238M |
| Dividend Yield | 5.78% | 3.98% |
| Holdings | 14 | 22 |
| YTD Return | -27.95% | -27.78%Best |
| 1Y Return | -30.47% | -30.20%Best |
| 3Y Return (annualized) | -45.14% | -44.45%Best |
| 5Y Return (annualized) | -27.78% | -26.84%Best |
| Volatility (annualized) | 53.7%Best | 53.8% |
| $10,000 over 5 years | $1,965 | $2,096Best |
| Fund Family | ProShares | Direxion Shares ETF Trust |
| Category | Alternative | Alternative |
| Style | Trading-Inverse Equity | Trading-Inverse Equity |
| Inception | Feb 9, 2010 | Nov 5, 2008 |
Not shown on this pair: Max Drawdown, Top 10 Weight.
Volatility and max drawdown are measured over the window both funds cover: Feb 11, 2010 to Oct 14, 2026 (16.7 years).
SRTY vs TZA 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 16.7 years both funds cover.
SRTY vs TZA Performance
ProShares UltraPro Short Russell2000 (SRTY) is an ETF from ProShares and Direxion Daily Small Cap Bear 3X ETF (TZA) is an ETF from Direxion Shares ETF Trust. Over the past year SRTY returned -30.47% while TZA returned -30.20%. Year to date, SRTY is down 27.95% versus a loss of 27.78% for TZA.
Over three years, SRTY compounded at -45.14% per year against -44.45% for TZA; over five years the annualized figures are -27.78% and -26.84% respectively. Across the full 17-year window we track, TZA has the edge at -44.19% annualized vs -44.43%.
Past performance does not guarantee future results.
Risk: Volatility and Drawdowns
TZA has been the more volatile fund, with annualized monthly volatility of 53.8% compared with 53.7% for SRTY. Lower volatility generally means a smoother ride, though it often comes with lower long-run returns.
The two funds' monthly returns correlate at 1.00. They move almost in lockstep, so holding both mostly duplicates the same exposure.
Fees and Cost Over Time
SRTY charges 0.95% per year while TZA charges 0.99%. On a $10,000 position that is $95 vs $99 annually, a gap of $4 per year that compounds over a long holding period. On income, SRTY currently yields 5.78% against 3.98% for TZA.
Holdings Overlap
We hold position weights for 1 holding in SRTY and 3 in TZA, totalling 69.2% and 96.1% of the two funds. The two books name no position in common, so there is no overlap percentage to show.
0 positions in common, counted across the 1 positions we hold weights for in SRTY and 3 in TZA, against full books of 14 and 22.
You are not choosing between two funds in isolation.
Whichever of SRTY and TZA 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, SRTY or TZA?
SRTY has an expense ratio of 0.95% while TZA charges 0.99%. SRTY is the cheaper option, by $4 a year on a $10,000 investment.
Which performed better, SRTY or TZA?
Over the past year SRTY returned -30.47% vs -30.20% for TZA, so TZA leads on 1-year performance. Over the longest common window we track (17 years), SRTY annualized -44.43% vs -44.19% for TZA. Past performance does not guarantee future results. This is information, not a recommendation.
Which is riskier, SRTY or TZA?
TZA has been the more volatile fund at 53.8% annualized versus 53.7% for SRTY.
Should I hold both SRTY and TZA?
SRTY and TZA have a monthly-return correlation of 1.00, so they move almost identically. What is left to separate them is the fee and the index each one tracks. This is information, not a recommendation.
Which pays a higher dividend, SRTY or TZA?
SRTY yields 5.78% while TZA yields 3.98%, so SRTY currently pays the higher dividend yield.
Is TZA better than SRTY?
SRTY has a lower expense ratio. TZA led over 1Y, 3Y, 5Y and the full window. The two have moved almost in lockstep, correlation 1.00. Which one suits a particular account depends on what it is for. This is information, not a recommendation.