SDS vs TZA
ProShares UltraShort S&P500 compared with Direxion Daily Small Cap Bear 3X Shares on yield, payout growth, payment schedule, cost and risk.
SDS
ProShares UltraShort S&P500
TTM yield · Quarterly
TZA
Direxion Daily Small Cap Bear 3X Shares
TTM yield · Quarterly
Quick take
- SDS yields more today: 4.55% vs 3.81% (forward).
- SDS has grown its payout faster: -9.2%/yr vs -34.6%/yr over the last 3 years.
- Both pay every quarter.
- Over the last year SDS delivered the higher total return: -26.5% vs -53.8% (price change plus payouts).
- SDS is cheaper to own: 0.91% vs 0.99% expense ratio.
- SDS has the steadier distribution: consistency 50/100 vs 33/100.
Generated from the latest data on both pages. Not a recommendation.
Side by side
| Metric | SDS | TZA |
|---|---|---|
| Share price | $54.12 | $39.90 |
| TTM yield | 5.59% | 4.89% |
| Forward yield | 4.55% | 3.81% |
| Annual payout per share | $2.46 | $1.52 |
| Payment frequency | Quarterly | Quarterly |
| Next ex-date | Sep 23, 2026 (est.) | Sep 22, 2026 (est.) |
| Expense ratio | 0.91% | 0.99% |
| 1-year payout growth | -48.2% | -62.9% |
| 5-year payout CAGR | — | — |
| Consecutive years of increases | 0 years | 0 years |
| Payout consistency (last 12) | 50/100 | 33/100 |
| 1-year total return | -26.5% | -53.8% |
| 1-year price return | -30.4% | -55.9% |
| Size (market cap / AUM) | 365.8M | 235.1M |
| Years paying | 19.7 | 8.5 |
| Sector / category | Trading--Inverse Equity | Trading--Inverse Equity |
✓ marks the more favourable figure where one exists (higher yield, growth, streak, consistency, return and size; lower cost, payout ratio and risk).
$10,000 invested today
| SDS | TZA | |
|---|---|---|
| Shares | 184.8 | 250.6 |
| Income per year | $455 | $381 |
| Income per month (avg) | $38 | $32 |
Next payments
| Ex-date | Pay date | Per share | Status |
|---|---|---|---|
| SDS Sep 23, 2026 | Oct 7, 2026 | $0.615 | Est. |
| SDS Dec 23, 2026 | Jan 6, 2027 | $0.615 | Est. |
| SDS Mar 24, 2027 | Apr 7, 2027 | $0.615 | Est. |
| TZA Sep 22, 2026 | Oct 6, 2026 | $0.38 | Est. |
| TZA Dec 22, 2026 | Jan 5, 2027 | $0.38 | Est. |
| TZA Mar 23, 2027 | Apr 6, 2027 | $0.38 | Est. |
Annual payouts per share
SDSTZA
Regular payments only; the current year is year to date. Per-share amounts are not directly comparable when share prices differ, so read this chart for growth trends.
FAQ
Which has the higher dividend yield, SDS or TZA?
SDS currently has the higher trailing yield: SDS yields 5.59% and TZA yields 4.89%. Yield changes daily with price, so check the live figures above.
How often do SDS and TZA pay?
SDS pays every quarter and TZA pays every quarter. SDS's next ex-date is Sep 23, 2026 and TZA's is Sep 22, 2026.
Which has grown its dividend faster, SDS or TZA?
SDS has grown its payout faster: -9.2%/yr vs -34.6%/yr over the last 3 years.
Is SDS or TZA better for income?
It depends on what you are optimising for. SDS and TZA differ in yield, growth, payment schedule and risk profile; the table above puts every metric side by side so you can weigh them for your own goals. This page is data, not advice.