- ISIN
- US25461A7265
- Issuer
- Direxion
- Inception Date
- Jun 21, 2023
- Category
- Large Cap Blend Equities
- Leveraged
- 1x (No leverage)
- Index Tracked
- No Index (Active)
- Distribution Policy
- Distributing
- Asset Class
- Equity
- Asset Class Size
- Large-Cap
- Asset Class Style
- Growth
- Assets Under Management
- $605M
Share Price Chart
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Performance
HCMT Performance Chart
Direxion HCM Tactical Enhanced U.S. Equity Strategy ETF (HCMT) is up 9.7% since the beginning of the year. HCMT is currently trading at $42 per share.
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Returns By Period
Direxion HCM Tactical Enhanced U.S. Equity Strategy ETF (HCMT) has returned 9.68% so far this year and 41.26% over the past 12 months.
Direxion HCM Tactical Enhanced U.S. Equity Strategy ETF
- 1D
- -0.39%
- 1M
- 3.81%
- YTD
- 9.68%
- 6M
- 8.17%
- 1Y
- 41.26%
- 3Y*
- 20.73%
- 5Y*
- —
- 10Y*
- —
Benchmark (S&P 500 Index)
- 1D
- -0.37%
- 1M
- -0.01%
- YTD
- 9.16%
- 6M
- 8.64%
- 1Y
- 25.22%
- 3Y*
- 19.78%
- 5Y*
- 11.99%
- 10Y*
- 13.88%
HCMT Monthly Returns History
Based on dividend-adjusted daily data since Jun 22, 2023, HCMT's average daily return is +0.09%, while the average monthly return is +1.76%. At this rate, an investment would double in approximately 3.3 years.
Historically, 59% of months were positive and 41% were negative. The best month was May 2026 with a return of +14.6%, while the worst month was Mar 2025 at -15.1%. The longest winning streak lasted 6 consecutive months, and the longest losing streak was 3 months.
On a daily basis, HCMT closed higher 56% of trading days. The best single day was Apr 9, 2025 with a return of +7.8%, while the worst single day was Apr 4, 2025 at -9.5%.
| Jan | Feb | Mar | Apr | May | Jun | Jul | Aug | Sep | Oct | Nov | Dec | Total | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 2026 | 1.61% | -3.68% | -6.60% | 5.03% | 14.64% | -0.35% | 9.68% | ||||||
| 2025 | 3.41% | -4.44% | -15.12% | -12.02% | 10.28% | 11.34% | 4.08% | 1.62% | 8.91% | 6.80% | -2.98% | -0.71% | 7.39% |
| 2024 | 2.89% | 9.44% | 3.36% | -9.08% | 10.49% | 9.76% | -2.28% | 2.18% | 3.87% | -2.50% | 9.99% | -2.52% | 39.14% |
| 2023 | 3.20% | 5.43% | -3.30% | -10.08% | -2.22% | 5.95% | 8.60% | 6.45% |
Benchmark Metrics
Direxion HCM Tactical Enhanced U.S. Equity Strategy ETF has an annualized alpha of -9.82%, beta of 1.73, and R2 of 0.81 versus S&P 500 Index. Calculated based on daily prices since June 22, 2023.
- This ETF participated in 194.96% of S&P 500 Index downside but only 173.15% of its upside - more exposed to losses than it benefited from rallies.
- This ETF had an annualized alpha of -9.82% versus S&P 500 Index - delivering less than market exposure alone would predict.
- Beta of 1.73 means this ETF moves significantly more than S&P 500 Index - expect amplified gains in rallies and amplified losses in downturns.
- Alpha
- -9.82%
- Beta
- 1.73
- R²
- 0.81
- Upside Capture
- 173.15%
- Downside Capture
- 194.96%
Expense Ratio
HCMT has a high expense ratio of 1.17%, indicating above-average management fees.
Return for Risk
Risk / Return Rank
HCMT ranks 46 for risk / return — on par with similar ETFs. You're getting a typical balance of risk and reward. Not a standout, but not a red flag either — a reasonable choice if other factors align with your goals.
Return / Risk — by metrics
The table below present risk-adjusted performance metrics for Direxion HCM Tactical Enhanced U.S. Equity Strategy ETF (HCMT) and compare them to S&P 500 Index.
Values are calculated on a 1-year rolling basis and updated daily. Risk-adjusted metrics are more stable over longer periods — use the period switch above to explore them.
| HCMT | Benchmark | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.44 | ||
| Sortino ratioReturn per unit of downside risk | -0.68 | ||
| Omega ratioGain probability vs. loss probability | 1.28 | 1.37 | -0.09 |
| Calmar ratioReturn relative to maximum drawdown | 2.72 | 2.78 | -0.07 |
| Martin ratioReturn relative to average drawdown | 6.75 | 12.44 | -5.69 |
Dividends
Dividend History
Direxion HCM Tactical Enhanced U.S. Equity Strategy ETF provided a 0.39% dividend yield over the last twelve months, with an annual payout of $0.16 per share.
| Period | TTM | 2025 | 2024 | 2023 |
|---|---|---|---|---|
| Dividend | $0.16 | $0.17 | $0.99 | $0.17 |
Dividend yield | 0.39% | 0.43% | 2.75% | 0.63% |
Monthly Dividends
The table displays the monthly dividend distributions for Direxion HCM Tactical Enhanced U.S. Equity Strategy ETF. The dividends shown in the table have been adjusted to account for any splits that may have occurred.
| Jan | Feb | Mar | Apr | May | Jun | Jul | Aug | Sep | Oct | Nov | Dec | Total | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 2026 | $0.00 | $0.00 | $0.06 | $0.00 | $0.00 | $0.00 | $0.06 | ||||||
| 2025 | $0.00 | $0.00 | $0.06 | $0.00 | $0.00 | $0.05 | $0.00 | $0.00 | $0.04 | $0.00 | $0.00 | $0.01 | $0.17 |
| 2024 | $0.00 | $0.00 | $0.05 | $0.00 | $0.00 | $0.06 | $0.00 | $0.00 | $0.06 | $0.00 | $0.00 | $0.82 | $0.99 |
| 2023 | $0.06 | $0.00 | $0.00 | $0.11 | $0.17 |
Drawdowns
Drawdowns Chart
The Drawdowns chart displays portfolio losses from any high point along the way. Drawdowns are calculated considering price movements and all distributions paid, if any.
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Worst Drawdowns
The table below displays the maximum drawdowns of the Direxion HCM Tactical Enhanced U.S. Equity Strategy ETF. A maximum drawdown is a measure of risk, indicating the largest reduction in portfolio value due to a series of losing trades.
The maximum drawdown for the Direxion HCM Tactical Enhanced U.S. Equity Strategy ETF was 36.26%, occurring on Apr 21, 2025. Recovery took 130 trading sessions.
The current Direxion HCM Tactical Enhanced U.S. Equity Strategy ETF drawdown is 2.22%.
Related event | Drawdown | Fall | Recovery | Underwater |
|---|---|---|---|---|
2025 selloff2025 | -36.26%Apr 2025 | 2mo | 6mo 6d | 8mo 6dFeb 2025 - Oct 2025 |
2024 bear market2024 | -20.99%Aug 2024 | 25d | 3mo 3d | 3mo 28dJul 2024 - Nov 2024 |
2023 correction2023 | -16.15%Nov 2023 | 3mo 26d | 2mo 7d | 6mo 3dJul 2023 - Jan 2024 |
2026 correction2026 | -15.27%Mar 2026 | 4mo 21d | 2mo 7d | 6mo 28dOct 2025 - May 2026 |
2024 correction2024 | -11.87%Apr 2024 | 28d | 26d | 1mo 24dMar 2024 - May 2024 |
Drawdown Indicators
| HCMT | Benchmark | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -36.26% | -56.78% | +20.52% |
Max Drawdown (1Y)Largest decline over 1 year | -15.27% | -9.10% | -6.17% |
Max Drawdown (3Y)Largest decline over 3 years | -36.26% | -18.90% | -17.36% |
Max Drawdown (5Y)Largest decline over 5 years | — | -25.43% | — |
Max Drawdown (10Y)Largest decline over 10 years | — | -33.92% | — |
Current DrawdownCurrent decline from peak | -2.22% | -1.80% | -0.42% |
Average DrawdownAverage peak-to-trough decline | -8.18% | -10.71% | +2.53% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 6.13% | 2.03% | +4.10% |
Volatility
Volatility Chart
The chart below shows the rolling one-month volatility.
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