If you invested in
A $1,000 investment in Direxion Daily Small Cap Bear 3X Shares (TZA) in January 2016 would be worth $2 as of June 2026 with dividends reinvested — -44.9% a year. Use the dropdowns above to try any amount, ticker, or starting month back to November 2008.
Over the same period, the same $1,000 would be worth $4,557 in the S&P 500 (SPY) and $7,667 in the Nasdaq-100 (QQQ). TZA trailed both the S&P 500 and the Nasdaq-100 over that period.
Growth of $1,000 in TZA since January 2016#
monthlyDirexion Daily Small Cap Bear 3X Shares (TZA). Total return approximated via dividend- and split-adjusted closes (no taxes or fees). Not investment advice.
Growth of $1,000 in TZA by starting month#
$1,000 invested in TZA, by starting year#
| Invested in | Worth today | Same in QQQ | Multiple | Annualized |
|---|---|---|---|---|
| 2016 | $2 | $7,667 | 0.0× | -44.9% |
| 2017 | $6 | $6,338 | 0.0× | -42.1% |
| 2018 | $10 | $4,619 | 0.0× | -42.1% |
| 2019 | $11 | $4,614 | 0.0× | -46.0% |
| 2020 | $15 | $3,513 | 0.0× | -48.4% |
| 2021 | $98 | $2,429 | 0.1× | -35.1% |
| 2022 | $128 | $2,095 | 0.1× | -37.4% |
| 2023 | $171 | $2,562 | 0.2× | -40.7% |
| 2024 | $194 | $1,798 | 0.2× | -49.8% |
| 2025 | $347 | $1,427 | 0.3× | -53.6% |
Methodology#
Investments are assumed made at the first trading day's close of the chosen year. "Dividends reinvested" uses split- and dividend-adjusted closes (a standard total-return approximation; taxes and fees excluded). "Price-only" uses split-adjusted closes. TZA data begins November 2008; values as of June 2026 and refresh daily. Past performance does not predict future returns; not investment advice.
See the live TZA chart and fundamentals on the TZA quote page or compare with the same investment in SPY.
FAQ
- How much would $1,000 invested in TZA be worth today?
- A $1,000 investment in Direxion Daily Small Cap Bear 3X Shares (TZA) in January 2016 would be worth about $2 as of June 2026, with dividends reinvested. That works out to about -44.9% a year.
- How far back does the TZA calculation go?
- TZA data begins November 2008. You can pick any starting month from then to the present and see what your investment would be worth today.
- Does this include dividends?
- Yes. The default "dividends reinvested" view uses split- and dividend-adjusted closing prices — a standard total-return approximation that excludes taxes and fees. A price-only view (split-adjusted, no dividends) is also available.
More visualizations
Every S&P 500 company sized by market cap — color by return or valuation.
S&P 500 annual and monthly returns — every year, every month.
Asset-class returns ranked year by year — the Callan chart / asset allocation quilt.
The 11 S&P 500 sectors ranked year by year — a sector quilt chart, back to 1999.
The biggest US companies as animated bubbles, rising and falling with their total return over time.
How recent stock-market debuts have performed since listing — annualized, vs the S&P 500, by IPO vs spin-off.
Compare megacaps vs the S&P 500, rebased to 1× at any date you hover.
Stocks trading cheapest relative to their own P/E, P/FCF, P/S, or P/B history — with fair-value bands.
Follow a company's revenue through its income statement as a Sankey — costs, taxes, and profit.
Follow a company's cash from net income through operating cash flow into capex, buybacks, and dividends.
Monthly payment, principal vs interest by year, and the balance paydown — with extra-payment savings.
Live term structure, the 10Y–2Y spread, and every inversion episode.