# Direxion Daily Small Cap Bear 3X Shares (TZA)

> Source: Nexqual · https://nexqual.com/TZA · data as of 2026-10-23 13:31 UTC · cite as "Nexqual, Direxion Daily Small Cap Bear 3X Shares (TZA), nexqual.com/TZA" · informational, not investment advice.

**Price:** USD 49.18 (+2.22% today) · US market open, as of October 23, 2026 at 13:31 UTC; quotes may be delayed. Prev close 48.11 · day 48.96–49.31 · 52w 36.33–95.4 · market cap null · PCX

## Key facts
- Total return with dividends: 1Y -33.8% vs S&P 500 +14.9%; 5Y -78.9% vs S&P 500 +80.3%.

## Total return (dividends reinvested)
|  | 1Y (from 2025-10-23) | 5Y (from 2021-10-25) |
|---|---|---|
| Total return | -33.8% | -78.9% |
| S&P 500 (SPY) | +14.9% | +80.3% |
| Per year | -33.8% | -26.8% |
| Volatility (annualized) | 54.1% | 63.1% |
| Max drawdown | -60.8% (Nov 2025→Aug 2026) | -91.9% (Jun 2022→Aug 2026) |

## Peers
TNA (Direxion Small Cap Bull 3X ETF) USD 55.24 -1.95% · FAZ (Direxion Financial Bear 3X ETF) USD 34.05 +2.25% · ERY (Direxion Daily Energy Bear 2X E) USD 7.74 -1.28% · SPXS (Direxion Daily S&P 500 Bear 3X ) USD 25.16 +1.53% · FAS (Direxion Financial Bull 3X ETF) USD 162.6 -2.16%

## More
Full page: https://nexqual.com/TZA · Free keyless MCP server with the same data and citations: https://mcp.nexqual.com/mcp · Guide for agents: https://nexqual.com/agents · https://nexqual.com/llms.txt

## Options: expected move (Cboe, 15-min delayed)

| Expiration | Days | ATM IV | Expected move |
|---|---|---|---|
| 2026-11-20 | 28 | 62.2% | ±14.0% |
| 2026-12-18 | 56 | 59.8% | ±18.8% |
| 2027-01-15 | 84 | 60.9% | ±23.9% |
| 2027-04-16 | 175 | 64.1% | ±34.6% |