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Direxion Financial Bear 3X Shares (FAZ) - ETF


Charts and data are derived from prices adjusted for both splits and distributions to emphasize total return.

ETF Symbol:
Avg Vol1m
52 wk High22.14
52 wk Low11.48
Inception:Nov 2008
(as of 2017-12-15)
Total Returns:
1 day-2.5%
5 day-0.8%
1 month-13.8%
3 month-24.1%
6 month-30.7%
9 month-37.0%
1 year-45.1%
Compare Funds:
Correlated Group: Financial (View cGroup) (All Groups)


Correlated Funds

Most Directly Correlated
ProShares UltraPro Short Dow30SDOW0.75  
ProShares Short Dow 30DOG0.74  
Proshares UltraShort Dow30DXD0.74  
ProShares Short S&P 500SH0.73  
Direxion Daily S&P 500 Bear 1X SharesSPDN0.73  
Proshares UltraShort S&P500SDS0.73  
Direxion S&P 500 Bear 3X SharesSPXS0.73  
ProShares UltraPro Short S&P 500SPXU0.72  
Proshares UltraShort Russell2000TWM0.70  
Direxion Small Cap Bear 3X SharesTZA0.69  
Least Correlated
WisdomTree Managed Futures WDTI0.01  
iShares Emerg Mkts Local Currency Bond Fund LEMB0.01  
PowerShares Optm Yld Divsfd Comdty ETFPDBC0.01  
VanEck Vectors Intl High Yield Bond ETFIHY0.01  
iPath DJ AIG Grains ETNJJG0.01  
Guggenheim BulletShares 2017 Corporate Bond ETFBSCH0.00  
United States Brent Oil Fund LPBNO0.00  
Ishares Dec 2018 Corp Term ETFIBDH0.00  
iShares S&P Intl Preferred Stock Index ETFIPFF-0.00  
PowerShares DB Commodity Index TrackingDBC-0.01  
Most Inversely Correlated
First Trust Financials AlphaDEX FundFXO-0.94  
Fidelity MSCI FinancialsFNCL-0.95  
Select Sector SPDR Fund - FinancialXLF-0.95  
Vanguard FinancialsVFH-0.95  
iShares US Financial SvcsIYG-0.96  
iShares US FinancialsIYF-0.99  
Proshares Ultra FinancialsUYG-0.99  
Direxion Financial Bull 3X SharesFAS-1.00  
Davis Select Worldwide ETFDWLD-1.00  
First Trust TCW Opportunistic Fxd Inc ETFFIXD-1.00  
These 126 day (6 month) correlations can be considered short term, focusing on recent price movements.
Correlations are only calculated for actively traded funds. As of: 2017-12-15.

Exchange-traded funds are similar to index funds that trade like a single stock. Until the advent of the ETF, it was impossible to trade indexes this easily through an equity account. Most ETFs are relatively static in make-up, like the SPY or QQQQ index funds. Others, like some of the PowerShares funds, are dynamic and the holdings are changed routinely. ETFs have risks similar to stocks in that their value can rise or fall at the discretion of the marketplace. Some ETFs, like international funds and narrowly based indexes, have special risks that the investor should be aware of. However, used properly ETFs can provide an efficient and effective investment vehicle for achieving results that were near impossible for the typical investor to achieve prior to their development.

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