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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 Vol4m
52 wk High32.59
52 wk Low15.77
Inception:Nov 2008
Total Returns:
1 day-1.3%
5 day-0.1%
1 month-16.5%
3 month-29.2%
6 month-24.8%
9 month-13.0%
1 year-19.3%
Price Data: IEX Cloud at 02:45:23 pm
Compare Funds:
Correlated Group: Financial (View cGroup) (All Groups)

Correlated Funds

Most Directly Correlated
ProShares UltraPro Short Dow30SDOW0.94  
Proshares UltraShort Dow30DXD0.94  
ProShares Short Dow 30DOG0.94  
Proshares UltraShort S&P500SDS0.93  
Direxion S&P 500 Bear 3X SharesSPXS0.93  
ProShares Short S&P 500SH0.93  
ProShares UltraPro Short S&P 500SPXU0.93  
Direxion Daily S&P 500 Bear 1X SharesSPDN0.93  
ProShares UltraPro Short Russell2000SRTY0.90  
Direxion Small Cap Bear 3X SharesTZA0.90  
Least Correlated
SPDR Ultra Short Term Bond FundULST0.04  
Teucrium Wheat Fund ETFWEAT0.03  
iShares Treas Float Rate Bond ETFTFLO0.02  
Teucrium Corn Fund ETFCORN0.01  
First Trust Ultra Short Dur Muncpl ETFFUMB0.00  
Pacer Trendpilot 750PTLC0.00  
Breakwave Dry Bulk Shipping ETFBDRY0.00  
Invesco Treasury Collateral ETFCLTL-0.01  
iShares Short Maturity MuniMEAR-0.01  
Teucrium Soybean Fund ETFSOYB-0.03  
Most Inversely Correlated
Invesco KBW Bank Portfolio ETFKBWB-0.97  
iShares US Financial SvcsIYG-0.98  
Proshares Ultra FinancialsUYG-0.98  
Invesco S&P Equal Weight Financial ETFRYF-0.99  
Fidelity MSCI FinancialsFNCL-0.99  
iShares US FinancialsIYF-1.00  
Vanguard FinancialsVFH-1.00  
Select Sector SPDR Fund - FinancialXLF-1.00  
Direxion Financial Bull 3X SharesFAS-1.00  
Avantis Real Estate ETFAVRE-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: 2022-11-25.

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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