Trading--Inverse Equity · NYSE ARCA · USD · Data as of 2026-05-17
AUM
$120.08M
Expense ratio
1.03%
Yield
3.00%
YTD return
+13.20%
Last price
$46.05
Leveraged · Coverage 50% · low
Today
66.2
Outlook
50.7
Block A (composite-derived)
41.9
Block C (market behavior)
79.1
Today overlay (Block D)
0.0
Outlook overlay (Block D)
0.0
today_score = clip(0,100, 50 + 0.15·(A−50) + 0.60·(C−50) + D_today). Block B (holdings rollup) is in Phase 3 development; β=0 caps the natural range at ~12.5–87.5 in Preview v0.9. Formula version tide-etf-v1.0.0.
41.9
Coverage 50% · low
Liquidity
—
Expenses
25.0
Performance
—
Volatility
57.6
Dividend
30.8
Concentration
55.0
Smart Money
—
Activist
—
Formula version composite-v1.0.0. Axes hover to see why a sub-score is missing.
Direxion Daily Financial Bear 3X Shares (FAZ) is an exchange-traded fund from Direxion Funds in the Mixed asset class. Launched in 2008. Assets under management: 120,079,976.
Bullish Whales composite rating: 42 out of 100. Evidence coverage 50% across 4 of 8 axes. Strongest axes: volatility, concentration, dividend.
Annualized one-year realized volatility 44%, classified high. Weakest axes: expenses, dividend.
Top-10 weight 0%, diversified, led by FTIXX. Trailing yield 0%.
etf_composite_score_current · composite_score, concentration_score, confidence, coverage_pct, dividend_score, expenses_score, volatility_scoreetf_fundamentals_td · dividend_frequency, yieldetf_holdings_top10 · holding_symbol, weightetf_universe · asset_class, aum_usd, fund_type, inception_date, issuer, name, ticker, volatility_1yThe Direxion Daily Financial Bear 3x Shares is an exchange-traded fund (ETF) designed to provide triple inverse exposure, or 300% of the opposite, to the daily performance of the Russell 1000 Financial Services Index. Its primary function is to allow investors to profit from or hedge against declines in the U.S. financial sector, making it a potent tool during periods of market turbulence. Targeting sectors such as banking, insurance, and real estate, this ETF is particularly significant for those looking to capitalize on or protect themselves from downward trends in financial stocks. It is not intended for long-term investors due to the leveraged nature of the fund, which can amplify losses just as well as gains when held over extended periods. Instead, it serves a strategic role in portfolios during short-term market predictions or tactical movements against financial equities. The Direxion Daily Financial Bear 3x Shares plays a key role in risk management and speculative strategies among experienced traders.
Net AUM change history is not yet available for this ETF. Fund-flow time series is a Phase B deliverable.
Current AUM: $120,079,976. AUM change is computed from rolling daily fundamentals snapshots; it reflects total net-asset deltas (creations/redemptions + market value moves), not pure share creations.
| Ex-date | Amount | Adjusted |
|---|---|---|
| 2026-06-23 | $0.25 | Yes |
| 2026-03-24 | $0.38 | Yes |
| 2025-12-23 | $0.16 | Yes |
| 2025-09-23 | $3.80 | Yes |
| 2025-06-24 | $3.80 | Yes |
| 2025-03-25 | $0.10 | Yes |
| 2024-12-23 | $4.20 | Yes |
| 2024-09-24 | $0.10 | Yes |
| 2024-06-25 | $0.14 | Yes |
| 2024-03-19 | $0.18 | Yes |
| 2023-12-21 | $0.08 | Yes |
| 2023-09-19 | $14.90 | Yes |
| 2023-06-21 | $0.17 | Yes |
| 2023-03-21 | $0.27 | Yes |
| 2022-12-20 | $0.00 | Yes |
| 2020-03-24 | $0.36 | Yes |
| 2019-12-23 | $0.58 | Yes |
| 2019-09-24 | $1.93 | Yes |
| 2019-03-19 | $1.10 | Yes |
| 2018-12-27 | $1.63 | Yes |
| 2018-09-25 | $0.84 | Yes |
| 2018-03-20 | $0.58 | Yes |
Fund documents (fact sheets, prospectuses, semi-annual reports) for FAZ are coming soon. The BW fund-document archive will surface PDFs alongside a metadata index for searchability.