TZA
Direxion Daily Small Cap Bear 3X SharesETF · Leveraged and Inverse$42.93-1.06%
as of market close, Sep 11, 2026
☾ AH $42.79 -0.33%
Direxion Daily Small Cap Bear 3X Shares monthly returns
Direxion Daily Small Cap Bear 3X Shares has averaged -3.89% per month, positive in 34% of months. Month-by-month returns for Direxion Daily Small Cap Bear 3X Shares (TZA) below, through September 11, 2026 — the table lists the most recent months; the bar chart plots the last 5 years.
Average month
-3.9%
213 months
Best month
+40.9%
Dec 2018
Worst month
-43.4%
Apr 2020
Positive months
34%
of all months
Direxion Daily Small Cap Bear 3X Shares monthly returns#
| Month | Path | Total return |
|---|---|---|
| Sep 2026 | +5.5% | |
| Aug 2026 | -2.7% | |
| Jul 2026 | +10.3% | |
| Jun 2026 | -11.6% | |
| May 2026 | -12.7% | |
| Apr 2026 | -29.3% | |
| Mar 2026 | +13.8% | |
| Feb 2026 | -3.0% | |
| Jan 2026 | -14.5% | |
| Dec 2025 | +2.0% | |
| Nov 2025 | -4.0% | |
| Oct 2025 | -6.1% | |
| Sep 2025 | -8.7% | |
| Aug 2025 | -19.6% | |
| Jul 2025 | -5.1% | |
| Jun 2025 | -14.8% | |
| May 2025 | -15.3% | |
| Apr 2025 | -3.1% | |
| Mar 2025 | +22.0% | |
| Feb 2025 | +17.5% | |
| Jan 2025 | -6.9% | |
| Dec 2024 | +29.5% | |
| Nov 2024 | -28.6% | |
| Oct 2024 | +4.6% | |
| Sep 2024 | -2.4% | |
| Aug 2024 | +2.9% | |
| Jul 2024 | -26.8% | |
| Jun 2024 | +4.3% | |
| May 2024 | -13.3% | |
| Apr 2024 | +23.8% | |
| Mar 2024 | -9.8% | |
| Feb 2024 | -16.1% | |
| Jan 2024 | +12.6% | |
| Dec 2023 | -30.2% | |
| Nov 2023 | -24.6% | |
| Oct 2023 | +23.0% | |
| Sep 2023 | +20.5% | |
| Aug 2023 | +18.1% | |
| Jul 2023 | -16.3% | |
| Jun 2023 | -21.4% | |
| May 2023 | +2.5% | |
| Apr 2023 | +5.7% | |
| Mar 2023 | +13.6% | |
| Feb 2023 | +5.1% | |
| Jan 2023 | -24.9% | |
| Dec 2022 | +21.2% | |
| Nov 2022 | -10.0% | |
| Oct 2022 | -29.9% | |
| Sep 2022 | +31.0% | |
| Aug 2022 | +3.9% | |
| Jul 2022 | -27.5% | |
| Jun 2022 | +22.9% | |
| May 2022 | -6.3% | |
| Apr 2022 | +32.2% | |
| Mar 2022 | -7.5% | |
| Feb 2022 | -6.1% | |
| Jan 2022 | +30.4% | |
| Dec 2021 | -9.7% | |
| Nov 2021 | +11.5% | |
| Oct 2021 | -13.0% | |
| Sep 2021 | +7.3% | |
| Aug 2021 | -8.1% | |
| Jul 2021 | +9.1% | |
| Jun 2021 | -6.6% | |
| May 2021 | -3.3% | |
| Apr 2021 | -6.8% | |
| Mar 2021 | -9.1% | |
| Feb 2021 | -19.3% | |
| Jan 2021 | -15.6% | |
| Dec 2020 | -23.5% | |
| Nov 2020 | -42.0% | |
| Oct 2020 | -8.7% | |
| Sep 2020 | +6.3% | |
| Aug 2020 | -15.7% | |
| Jul 2020 | -10.8% | |
| Jun 2020 | -17.4% | |
| May 2020 | -23.6% | |
| Apr 2020 | -43.4% | |
| Mar 2020 | +21.3% | |
| Feb 2020 | +27.2% | |
| Jan 2020 | +9.7% | |
| Dec 2019 | -7.9% | |
| Nov 2019 | -11.4% | |
| Oct 2019 | -8.1% | |
| Sep 2019 | -6.5% | |
| Aug 2019 | +13.5% | |
| Jul 2019 | -2.0% | |
| Jun 2019 | -18.7% | |
| May 2019 | +25.8% | |
| Apr 2019 | -9.6% | |
| Mar 2019 | +5.5% | |
| Feb 2019 | -14.0% | |
| Jan 2019 | -28.4% | |
| Dec 2018 | +40.9% | |
| Nov 2018 | -6.1% | |
| Oct 2018 | +37.3% | |
| Sep 2018 | +7.5% | |
| Aug 2018 | -11.6% | |
| Jul 2018 | -5.2% | |
| Jun 2018 | -2.1% | |
| May 2018 | -16.2% | |
| Apr 2018 | -3.6% | |
| Mar 2018 | -4.9% | |
| Feb 2018 | +10.2% | |
| Jan 2018 | -7.7% | |
| Dec 2017 | +0.9% | |
| Nov 2017 | -8.6% | |
| Oct 2017 | -2.5% | |
| Sep 2017 | -16.8% | |
| Aug 2017 | +3.1% | |
| Jul 2017 | -2.8% | |
| Jun 2017 | -10.1% | |
| May 2017 | +5.4% | |
| Apr 2017 | -4.3% | |
| Mar 2017 | -1.2% | |
| Feb 2017 | -6.5% | |
| Jan 2017 | -1.7% | |
| Dec 2016 | -9.4% | |
| Nov 2016 | -28.5% | |
| Oct 2016 | +14.1% |
Monthly total return (since Oct 2021)#
-30%-20%-10%0%10%20%30%
Oct 2021-13%
Nov 2021+11%
Dec 2021-9.7%
Jan 2022+30%2022
Feb 2022-6.1%
Mar 2022-7.5%
Apr 2022+32%
May 2022-6.3%
Jun 2022+23%
Jul 2022-28%
Aug 2022+3.9%
Sep 2022+31%
Oct 2022-30%
Nov 2022-10.0%
Dec 2022+21%
Jan 2023-25%2023
Feb 2023+5.1%
Mar 2023+14%
Apr 2023+5.7%
May 2023+2.5%
Jun 2023-21%
Jul 2023-16%
Aug 2023+18%
Sep 2023+20%
Oct 2023+23%
Nov 2023-25%
Dec 2023-30%
Jan 2024+13%2024
Feb 2024-16%
Mar 2024-9.8%
Apr 2024+24%
May 2024-13%
Jun 2024+4.3%
Jul 2024-27%
Aug 2024+2.9%
Sep 2024-2.4%
Oct 2024+4.6%
Nov 2024-29%
Dec 2024+30%
Jan 2025-6.9%2025
Feb 2025+17%
Mar 2025+22%
Apr 2025-3.1%
May 2025-15%
Jun 2025-15%
Jul 2025-5.1%
Aug 2025-20%
Sep 2025-8.7%
Oct 2025-6.1%
Nov 2025-4.0%
Dec 2025+2.0%
Jan 2026-15%2026
Feb 2026-3.0%
Mar 2026+14%
Apr 2026-29%
May 2026-13%
Jun 2026-12%
Jul 2026+10%
Aug 2026-2.7%
Sep 2026+5.5%
Methodology#
Monthly returns are total returns (dividends reinvested), computed from TZA's split- and dividend-adjusted month-end closes. The table shows the most recent 120 months and the bar chart the most recent 60. See the year-by-year returns for the annual view. Past performance does not predict future returns; not investment advice.
FAQ#
- What is Direxion Daily Small Cap Bear 3X Shares's average monthly return?
- Direxion Daily Small Cap Bear 3X Shares (TZA) has averaged about -3.89% per month, positive in roughly 34% of months. The best month was Dec 2018 (+40.9%) and the worst was Apr 2020 (-43.4%).
More on Direxion Daily Small Cap Bear 3X Shares
By month for: S&P 500 · S&P 500 Equal Weight · US Stock Market · Nasdaq-100