FAZ

Risks include high volatility and the potential for significant losses due to the leveraged and inverse nature of the ETF. Leveraged inverse ETFs like FAZ are designed for short-term trading and may not perform as expected over longer periods due to compounding and daily rebalancing effects.

Yes, FAZ can be held in retirement accounts such as IRAs or 401(k)s. However, due to its leveraged and volatile nature, it is important to consider how it fits within your overall investment strategy and risk tolerance.

Key performance metrics for FAZ include its net asset value (NAV), daily percentage returns, expense ratio, and tracking error. NAV represents the per-share value of the ETF, daily returns show how FAZ performs relative to the inverse of the Financial Select Sector Index, the expense ratio covers the fund's management and operational costs, and tracking error measures how closely FAZ tracks its target inverse performance.

Factors influencing FAZ’s performance include the volatility and performance of the financial sector, overall market conditions, and the effectiveness of the leveraged and inverse strategy. Daily rebalancing and compounding effects can also impact performance.

FAZ adjusts its holdings and leverage daily to reflect changes in the Financial Select Sector Index. The ETF uses derivatives to achieve its 3x inverse leverage ratio and rebalances frequently to maintain this exposure.

FAZ is managed by Direxion, which employs financial derivatives such as futures contracts, options, and swaps to achieve its goal of delivering three times the inverse daily performance of the Financial Select Sector Index. The fund is rebalanced daily to maintain this leverage and inverse ratio.

FAZ aims to provide three times the inverse daily performance of the Financial Select Sector Index. Due to the leveraged and inverse nature of the ETF, its performance can deviate significantly from the index over longer periods due to daily compounding effects and rebalancing.

FAZ has an expense ratio of approximately 0.95%. This fee covers the costs associated with managing and operating the fund, including administrative and management expenses.

Historical performance data for FAZ includes past returns, NAV, and volatility. This data provides insights into how well the ETF has tracked its target inverse performance and the effects of its leveraged strategy over time.

Investors can purchase shares of FAZ through a brokerage account. It is traded on major stock exchanges under the ticker symbol "FAZ" and can be bought and sold like other stocks and ETFs.