Direxion HCM Tactical Enhanced U.S. Equity Strategy ETF (HCMT)

Search for stocks, ETFs, and funds for a quick comparison or use the comparison tool for more options.

The chart shows the growth of an initial investment of $10,000 in Direxion HCM Tactical Enhanced U.S. Equity Strategy ETF, comparing it to the performance of the S&P 500 index or another benchmark. All prices have been adjusted for splits and dividends.

Direxion HCM Tactical Enhanced U.S. Equity Strategy ETF (HCMT) has returned -8.58% so far this year and 17.04% over the past 12 months.

Based on dividend-adjusted daily data since Jun 22, 2023, HCMT's average daily return is +0.07%, while the average monthly return is +1.32%. At this rate, your investment would double in approximately 4.4 years.

Historically, 59% of months were positive and 41% were negative. The best month was Jun 2025 with a return of +11.3%, 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%.

Direxion HCM Tactical Enhanced U.S. Equity Strategy ETF has an annualized alpha of -9.15%, beta of 1.74, and R² of 0.82 versus S&P 500 Index. Calculated based on daily prices since June 23, 2023.

• This ETF participated in 199.12% of S&P 500 Index downside but only 179.43% of its upside — more exposed to losses than it benefited from rallies.
• This ETF had an annualized alpha of -9.15% versus S&P 500 Index — delivering less than market exposure alone would predict.
• Beta of 1.74 means this ETF moves significantly more than S&P 500 Index — expect amplified gains in rallies and amplified losses in downturns.

HCMT has a high expense ratio of 1.17%, indicating above-average management fees.

HCMT ranks 30 for risk / return — below 30% of ETFs on our site. The returns aren't fully compensating for the risk involved. This isn't necessarily a dealbreaker, but factor it into your decision — especially if you're risk-averse.

The table below present risk-adjusted performance metrics for Direxion HCM Tactical Enhanced U.S. Equity Strategy ETF (HCMT) and compare them to a chosen benchmark (S&P 500 Index).

Direxion HCM Tactical Enhanced U.S. Equity Strategy ETF provided a 0.46% dividend yield over the last twelve months, with an annual payout of $0.16 per share.

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.

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.

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 13.50%.

The chart below shows the rolling one-month volatility.