Direxion Daily Financial Bear 3X Shares (FAZ)

[ounceoflogic]

FAZ bills its goal as: " 300% of the inverse (or opposite) of the performance of the Russell 1000 Financial Index" which today at 2PM is UP 0.30% while FAZ is DOWN 1.90%. My my calculation that is an inverse ratio of 6.33%. I am not an avid follower of the Russell index but each time I've checked FAZ exceeds its 3X goal when the markets go up rarely if ever exceeds 3X when markets go down. Am I missing something or is this ETF over-promising and under-delivering?