-100.0%
TZA vs SPY
+1,132.2%
-1,232.2%
-100.0%
Performance
Returns, benchmark comparison, and relative performance.
Performance by timeframe
Returns for 1990-01-01 to 2026-09-08.
| Period | Portfolio | SPY | Excess | Alpha |
|---|---|---|---|---|
| 1D | +1.3% | -0.5% | +1.8% | -0.6% |
| 7D | -4.0% | +0.5% | -4.5% | -2.1% |
| 30D | +7.5% | -0.9% | +8.4% | +4.4% |
| 3M | -10.9% | +3.9% | -14.8% | +3.8% |
| 6M | -41.1% | +14.5% | -55.7% | +1.3% |
| YTD | -45.1% | +12.9% | -58.1% | -8.0% |
| 1Y | -52.2% | +19.4% | -71.6% | +0.9% |
| 3Y | -83.9% | +78.5% | -162.4% | +102.0% |
| 5Y | -84.4% | +81.8% | -166.1% | +261.0% |
| 10Y | -99.6% | +311.5% | -411.1% | +534.7% |
| All | -100.0% | +1,132.2% | -1,232.2% | +332.7% |
Cumulative growth
Daily Returns
Daily percentage return beside SPY.
Daily Out/Under-Performance
Portfolio return minus SPY return. Positive bars indicate outperformance.
Daily Alpha
Portfolio daily return minus β × SPY return. Early observations use the first valid beta; later observations use the trailing beta estimated for each date.
Cumulative Out/Under-Performance
Relative wealth over 1990-01-01 to 2026-09-08: compounded portfolio wealth divided by compounded SPY wealth, less one. Both series rebase at the selected span's start.
Cumulative Alpha
Compounded beta-adjusted residual returns apply the first valid beta to early observations, then the trailing beta ending on each date.
Updating return analytics…
1990-01-01 to 2026-09-08 analysis · Full analysis span regression · 6 months rolling