What if you'd held TZA?
A $1,000 investment in Direxion Small Cap Bear 3X ETF (TZA) at the month-end close of 2008-11 would be worth $0.006544 at the close of 2026-08 — -100.0% total return, dividends reinvested. The same $1,000 in the S&P 500 would be worth $8,600.
Your scenario
Result
If you'd bought $1,000 at the start of each year
Value of $1,000 invested on January 1 of each year, held to 2026-08, dividends included.
Every year, $1,000 from 2008
| Year | Value of $1,000 | Year return |
|---|---|---|
| 2008 | $1,000 | — |
| 2009 | $206 | -79.4% |
| 2010 | $65.19 | -68.3% |
| 2011 | $36.86 | -43.5% |
| 2012 | $18.79 | -49.0% |
| 2013 | $5.91 | -68.6% |
| 2014 | $4.18 | -29.3% |
| 2015 | $3.92 | -6.2% |
| 2016 | $1.73 | -55.9% |
| 2017 | $1.07 | -38.2% |
| 2018 | $1.34 | +25.1% |
| 2019 | $0.62 | -53.2% |
| 2020 | $0.12 | -80.4% |
| 2021 | $0.06 | -50.8% |
| 2022 | $0.08 | +30.2% |
| 2023 | $0.05 | -41.2% |
| 2024 | $0.03 | -32.2% |
| 2025 | $0.02 | -40.2% |
| 2026 | $0.009517 | -49.0% |
Best and worst month-end to buy
The best single month-end close to have bought TZA was 2026-08 ($37.58): $1,000 then is $1,000 today. The worst was 2009-02 ($6.64M): $1,000 then is $0.005662.
FAQ
What would $1,000 in TZA be worth today?
A $1,000 investment in Direxion Small Cap Bear 3X ETF (TZA) at the start of 2008 would be worth about $0.006544 today, a total return of -100.0%. Dividends are reinvested in these figures.
What were the best and worst years for TZA?
Direxion Small Cap Bear 3X ETF (TZA)'s strongest calendar year since 2008 was 2022, a +30.2% return — $1,000 held through that year became about $1,302 by year-end. Its weakest year was 2020, at -80.4%.
Does the calculator include dividends and splits?
Yes where available. Prices are adjusted for both stock splits and reinvested dividends (total return), the same measure brokerages use.
How much would $100 per month in TZA have grown?
Investing $100 at the end of every month since 2008-11 would have grown to about $1,960 on $21,400 invested.
Did TZA beat the S&P 500?
Over the same period, $1,000 in the S&P 500 index would be worth $8,600. TZA trailed the S&P 500 by +100.0% in total return.
Is this investment advice?
No. Wall Street Regrets is an entertainment and education tool. Every number is a historical calculation, not a prediction, and past performance never guarantees future results.
Methodology
Direxion Small Cap Bear 3X ETF (TZA) historical total-return data from 2008-11 to 2026-08, reduced to month-end closes for the tables above.
Returns use adjusted close prices from Yahoo Finance historical data — adjusted for stock splits and reinvested dividends — the same convention used by major brokerages. A "year" scenario invests $1,000 at the prior December's month-end close and values it at the latest available month-end close. Non-USD amounts are converted at historical month-end exchange rates (Yahoo Finance): to USD on the buy date and back to your currency at the latest rate, so the return reflects the currency move as well as the asset.
Month-end resolution means intra-month extremes are not captured in tables; the calculator uses exact trading-day closes where daily data is available. Figures ignore taxes, fees, and the currency effects of non-USD listings. History is not a forecast. Wall Street Regrets is entertainment, not investment advice.
What if you'd held…
Data: adjusted close prices via Yahoo Finance. As of 2026-08. Not financial advice.