---
ticker: "TZA"
name: "Direxion Daily Small Cap Bear 3X ETF"
url: "https://etf.net/etf/TZA"
grade: "A"
score: 72
graded_at: "2026-10-12"
category: "3x Leveraged Inverse"
category_rank: "3 of 14"
methodology: "https://etf.net/methodology"
---

# TZA: Direxion Daily Small Cap Bear 3X ETF

Grade **A**, Score 72 of 100. Rank 3 of 14 in 3x Leveraged Inverse.

Graded Oct 12, 2026.

## Grade pillars

| Pillar | Score | Category rank |
| --- | --- | --- |
| Cost | 84 | 2 of 14 |
| Mission | 78 | 3 of 4 |
| Risk | 57 | 6 of 14 |
| Tradability | 69 | 4 of 14 |
| Holdings | Not scored | — |
| Durability | 60 | 4 of 14 |

## Top holdings

The fund holds 7 positions. These are the largest 7, by weight.

| # | Ticker | Name | Weight |
| --- | --- | --- | --- |
| 1 | — | Rty Swap Asset Leg (Rtysgs) | 31.33% |
| 2 | — | Rty Swap Asset Leg (Rtybcs) | 28.20% |
| 3 | — | Rty Swap Asset Leg (Rtycts) | 26.91% |
| 4 | — | Rty Swap Asset Leg (Rtyubs) | 20.00% |
| 5 | — | Rty Swap Asset Leg (Rtyjps) | 17.99% |
| 6 | — | Rty Swap Asset Leg (Rtybps) | 14.49% |
| 7 | — | Rty Swap Asset Leg (Rtymls) | 13.60% |

Source: etf.net, https://etf.net/etf/TZA. Please cite the page URL.