Direxion Daily Financial Bear 3X Shares

10-Year Study

FAZ.US · · US · ETF

Executive Summary: Direxion Daily Financial Bear 3X Shares has compounded at -43.5% annually over the last 10 years, with a maximum drawdown of 99.7% and an annualized volatility of 63.9%.

1Y CAGR
-9.4%
3Y CAGR
-41.3%
5Y CAGR
-28.1%
10Y CAGR
-43.5%

History & Riski10-year historical performance analysis including CAGR, Max Drawdown, Sharpe & Sortino ratios, annual returns, and rolling volatility — all computed from daily market data.

10-Year Growth of $10,000

Max DrawdownMax DrawdownThe largest peak-to-trough decline in the asset's value over the measurement period.Click for full definition →
99.7%
Sharpe RatioSharpe RatioRisk-adjusted return: how much excess return you earn per unit of total risk (volatility).Click for full definition →
-0.84
Sortino RatioSortino RatioLike Sharpe, but only penalizes downside volatility — a more accurate risk measure for asymmetric return distributions.Click for full definition →
-1.46
Ann. VolatilityAnnualized VolatilityThe annualized standard deviation of an asset's returns — a measure of how much prices fluctuate.Click for full definition →
48.6%
Best YearBest & Worst YearThe single calendar year with the highest and lowest return in the measured period.Click for full definition →
2018 · +16.8%
Worst YearBest & Worst YearThe single calendar year with the highest and lowest return in the measured period.Click for full definition →
2020 · -73.9%
% Positive Years% Positive YearsThe percentage of calendar years in the measurement period where the asset delivered a positive return.Click for full definition →
30%

Annual Returns

Rolling 12-Month Returns

Rolling 12-Month Annualised Volatility

Historical Drawdowns

Monthly Returns

Monthly Returns Heatmap

YearJanFebMarAprMayJunJulAugSepOctNovDecAnn.
20267.511.110.6-14.7————————12.6%
2025-17.0-3.612.4-2.3-12.0-8.60.9-8.40.59.3-5.1-8.0-37.2%
2024-7.4-10.3-12.214.7-8.04.2-16.3-12.12.5-7.0-26.618.7-51.0%
2023-18.08.230.4-8.613.9-16.8-12.59.711.08.2-26.2-13.9-26.7%
2022-1.12.7-4.435.2-13.533.7-20.65.024.3-31.7-19.817.61.2%
20211.9-28.8-17.3-17.7-13.17.8-1.2-15.44.5-21.715.5-9.9-67.0%
20200.532.13.3-37.4-17.7-9.5-12.8-12.411.8-2.9-40.2-17.7-73.9%
2019-23.9-8.50.3-16.915.0-14.6-7.55.2-7.1-5.6-10.2-5.3-58.6%
2018-13.56.75.1-0.5-2.40.8-10.0-7.55.615.8-8.632.516.8%
2017-2.3-14.16.1-0.40.7-12.8-6.12.0-10.1-7.8-9.0-4.5-46.2%
2016———-9.1-7.55.6-11.1-9.14.4-1.5-22.3-10.8-48.9%

Risk X-RayiA 19-factor macroeconomic risk decomposition showing exactly which market forces (equity beta, rates, inflation, credit, commodity, crypto) drive this asset's volatility. Powered by multivariate regression against daily factor returns.

Risk Profile Insight: This asset has an estimated annualized volatility of 63.9%. The dominant macroeconomic risk driver is VTI.US, accounting for 90.9% of variance. Idiosyncratic stock-specific factors contribute 5.3%.

10-Year Historical Price Series (Growth of $10,000)
DateSimulated Value
2016-03-0110000
2016-04-019093.691085932152
2016-05-018408.662894172732
2016-06-018877.118595687076
2016-07-017890.772115261131
2016-08-017175.141230650685
2016-09-017490.583807726884
2016-10-017377.589432486089
2016-11-015729.75517302012
2016-12-015112.994307277401
2017-01-014995.291903863442
2017-02-014291.431259594393
2017-03-014555.084711205053
2017-04-014538.606374727099
2017-05-014571.563047683007
2017-06-013985.4048747913116
2017-07-013740.583807726883
2017-08-013815.913345911817
2017-09-013432.2033748555236
2017-10-013166.1958751765824
2017-11-012881.3559229880143
2017-12-012751.8832112692658
2018-01-012379.9434805543683
2018-02-012540.0188171607465
2018-03-012668.6066454932607
2018-04-012654.4621039922567
2018-05-012590.8115992743465
2018-06-012612.0284115258523
2018-07-012350.3540539403166
2018-08-012173.5470812875897
2018-09-012294.286564876714
2018-10-012655.7962254109802
2018-11-012426.603816476219
2018-12-013215.5241141189113
2019-01-012447.7792390209484
2019-02-012239.2559253477034
2019-03-012246.024059911308
2019-04-011865.7448809699995
2019-05-012146.2007864832663
2019-06-011831.9950752093787
2019-07-011694.6192402519016
2019-08-011782.5587744710353
2019-09-011656.7562219399538
2019-10-011564.3684156384531
2019-11-011405.4424079832738
2019-12-011330.3979762349954
2020-01-011337.117109191728
2020-02-011765.7048722793845
2020-03-011823.437192635552
2020-04-011141.9893804206924
2020-05-01939.3318513326316
2020-06-01850.4891515743531
2020-07-01741.9569129482445
2020-08-01649.7525398463939
2020-09-01726.5895061040371
2020-10-01705.4593471795247
2020-11-01422.12308507701124
2020-12-01347.2070361794699
2021-01-01353.9302469398258
2021-02-01252.12128703746697
2021-03-01208.60031619833
2021-04-01171.6225890529785
2021-05-01149.17176546169927
2021-06-01160.87737261566744
2021-07-01158.95645525556574
2021-08-01134.40467927422054
2021-09-01140.40754602453836
2021-10-01109.97292664618486
2021-11-01127.0211361804812
2021-12-01114.41501405972319
2022-01-01113.15442903300487
2022-02-01116.2159080665154
2022-03-01111.05340867954521
2022-04-01150.19223581840487
2022-05-01129.90251222063375
2022-06-01173.6635297663897
2022-07-01137.82629633105327
2022-08-01144.72961008476722
2022-09-01179.84649951006546
2022-10-01122.81909547356187
2022-11-0198.44735452218092
2022-12-01115.741251724775
2023-01-0194.85018801936945
2023-02-01102.59434488018705
2023-03-01133.77826067430343
2023-04-01122.24568832074632
2023-05-01139.24109029812223
2023-06-01115.88587782661114
2023-07-01101.37718846205581
2023-08-01111.23330778272201
2023-09-01123.49064176690904
2023-10-01133.6169155776122
2023-11-0198.54556162610629
2023-12-0184.87540461326817
2024-01-0178.60449023811871
2024-02-0170.53288574635822
2024-03-0161.93381735593692
2024-04-0171.02500868028464
2024-05-0165.34299711171889
2024-06-0168.06058137300627
2024-07-0156.98390746452284
2024-08-0150.06897197048279
2024-09-0151.305973699580264
2024-10-0147.73857516321817
2024-11-0135.02561458753234
2024-12-0141.59013082355212
2025-01-0134.538792798316074
2025-02-0133.29825697274516
2025-03-0137.442460831608784
2025-04-0136.577898500096836
2025-05-0132.188550680085214
2025-06-0129.42685817627355
2025-07-0129.6949737644989
2025-08-0127.21478563747543
2025-09-0127.364305103659397
2025-10-0129.908514747567096
2025-11-0128.37927042547368
2025-12-0126.118332206590882
2026-01-0128.075677945726504
2026-02-0131.181605038729895
2026-03-0134.48462597352125
2026-04-0129.40776046263824
Annual Return Matrix
YearAnnual Return
2017-0.46178637293758185
20180.16848131525022003
2019-0.586257813961523
2020-0.7390201711204791
2021-0.6704703472639808
20220.011591465298072867
2023-0.2666797416784792
2024-0.5099860670702412
2025-0.3720064907369731
20260.12594327348425716
Total Factor Risk
0.6393936405745879
VTI.US Exposure
0.9092737735347317
VEA.US Exposure
-0.021765552924608245
VWO.US Exposure
-0.005675063665112351
QQQ.US Exposure
-0.17146695638215195
VTV.US Exposure
0.046829280121109
IJR.US Exposure
0.02631590425401361
QUAL.US Exposure
-0.08337943559704328
SHV.US Exposure
0.2376191447427603
TLT.US Exposure
-0.003865976599722944
LQD.US Exposure
0.012882836049044853
HYG.US Exposure
-0.0006562792562440768
GLD.US Exposure
-0.003621629045799861
USO.US Exposure
0.0010827888557456294
VNQ.US Exposure
-0.03872465249348341
BTC-USD.CC Exposure
0.005935589726657006
CPER.US Exposure
0.0012177717798127132
VIX.INDX Exposure
0.0067797109204083845
UUP.US Exposure
0.03038743355383143
TIP.US Exposure
-0.0023149513976820583
Idiosyncratic Exposure
0.05314626382373356
Value Score
50
Growth Score
50
Profit Score
37.5
Health Score
23.6
Yield Score
51
Moat Score
40

Factor Risk Decomposition

Share of annualised volatility attributable to each macro factor.

Total Est. Vol
63.9%

FundamentalsiCompany financial health metrics: P/E valuation, dividend yield, Piotroski F-Score (9-point profitability signal), Altman Z-Score (bankruptcy risk proxy), and a radar chart across 6 fundamental dimensions. Note: ETFs may show N/A for some metrics.

Fundamental Dimensions

Core Valuation

P/E Ratio (TTM)P/E RatioPrice-to-Earnings ratio — the market price of a stock divided by its earnings per share, a key valuation measure.Click for full definition →N/A
Dividend YieldDividend YieldAnnual dividend paid per share divided by the current share price — expressed as a percentage income return.Click for full definition →4.25%
Market Cap$0
Piotroski F-ScorePiotroski F-ScoreA 9-point scoring system evaluating a company's financial strength across profitability, leverage, and operating efficiency.Click for full definition →
9-point profitability signal
0.0/ 9
Weak
Altman Z-ScoreAltman Z-ScoreA bankruptcy prediction model that combines 5 financial ratios into a single score indicating financial distress risk.Click for full definition →
Bankruptcy risk proxy
1.18
Distress Zone
Income Simulation

Based on $10,000 initial investment.

Total Income Generated
$0
Avg Yield on Cost
0.00%
Annual Income Simulation Table
Historical Realised Yields
YearAnnual PayoutYield on CostQuality
2026$0.260.00%Solid

Momentum & MacroiPrice momentum indicators relative to key technical levels: distance from 50-Day SMA (intermediate trend), 200-Day SMA (long-term trend), 52-Week High (bullish proximity), and Beta (market sensitivity coefficient).

vs 50-Day SMAMoving Averages (SMA)A rolling average of an asset's price over a defined window — used to identify trends and momentum signals.Click for full definition →
-8.8%
Above/below 50-day moving average
vs 200-Day SMAMoving Averages (SMA)A rolling average of an asset's price over a defined window — used to identify trends and momentum signals.Click for full definition →
+0.3%
Above/below 200-day moving average
vs 52-Week High52-Week HighThe highest price an asset reached in the past 52 weeks — a key reference for momentum and valuation context.Click for full definition →
34.3% from high
Distance from 52-week high
BetaBetaA measure of an asset's sensitivity to broad market movements relative to a benchmark (e.g. S&P 500).Click for full definition →
-2.44
Market sensitivity coefficient

Frequently Asked Questions & Methodology

Is Direxion Daily Financial Bear 3X Shares a high-risk investment?

Direxion Daily Financial Bear 3X Shares (FAZ.US) has an annualized volatility of 63.9% and experienced a maximum drawdown of 99.7% over the last 10 years. Its primary macro risk driver is VTI.US.

What is the 10-year return of FAZ.US?

Over the past 10 years, FAZ.US has generated a Compound Annual Growth Rate (CAGR) of -43.5%. It has had a positive return in 30% of the years measured.

Data Methodology & Trust

The risk and return information on this page is pre-calculated mathematically using daily market data spanning a 10-year period. Fundamentals (such as P/E Ratio, Market Cap, and Dividend Yield) represent trailing averages and may not immediately reflect real-time live market fluctuations. Advanced scoring models like the Piotroski F-Score and Altman Z-Score are proxies applied to publicly available trailing-twelve-month financial statements and may not account for recent off-balance-sheet events, qualitative company shifts, or sector-specific capital structures. Macroeconomic factor exposures are estimated via multivariate regression against standard market indices. This data is provided for quantitative insight and backtesting research, and should not be misconstrued as tailored financial advice.

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