- 1,328
- 10
- Joined
- Mar 5, 2005
I have a noob question. What type of correlation is there between FAZ and the market? Cause it seems when the market is down prices go up and vice versa, except today where market is up and so is FAZ. I'm confused..
[h1]Direxion Daily Financial Bear 3X Shares
[/h1][h1]The fund seeks daily investment results, before fees and expenses, of 300% of the inverse of price performance of the Russell 1000 Financial Services index. The fund normally creates short positions by investing at least 80% of net assets in financial instruments that, in combination, provide leveraged and unleveraged exposure to the index. It is nondiversified.[/h1]