Direxion Daily Small Cap Bull 3X Shares (TNA)
TNA is a passive ETF by Direxion tracking the investment results of the Russell 2000 Index (300%). TNA launched on Nov 5, 2008 and has a 1.14% expense ratio.
ETF Info
| ISIN | US25459W8477 |
|---|---|
| CUSIP | 25459W847 |
| Issuer | Direxion |
| Inception Date | Nov 5, 2008 |
| Region | North America (U.S.) |
| Category | Leveraged Equities, Leveraged |
| Leveraged | 3x |
| Index Tracked | Russell 2000 Index (300%) |
| Home Page | www.direxion.com |
| Asset Class | Equity |
Asset Class Size | Micro-Cap |
Asset Class Style | Blend |
Expense Ratio
TNA has a high expense ratio of 1.14%, indicating higher-than-average management fees.
Share Price Chart
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Compare to other instruments
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Popular comparisons: TNA vs. URTY, TNA vs. TZA, TNA vs. IWM, TNA vs. TQQQ, TNA vs. MIDU, TNA vs. SPXL, TNA vs. QQQ, TNA vs. VTWO, TNA vs. SQQQ, TNA vs. RWJ
Performance
Performance Chart
The chart shows the growth of an initial investment of $10,000 in Direxion Daily Small Cap Bull 3X Shares, comparing it to the performance of the S&P 500 index or another benchmark. All prices have been adjusted for splits and dividends.
Returns By Period
Direxion Daily Small Cap Bull 3X Shares had a return of 0.63% year-to-date (YTD) and 36.10% in the last 12 months. Over the past 10 years, Direxion Daily Small Cap Bull 3X Shares had an annualized return of 2.52%, while the S&P 500 had an annualized return of 10.84%, indicating that Direxion Daily Small Cap Bull 3X Shares did not perform as well as the benchmark.
| Period | Return | Benchmark |
|---|---|---|
| Year-To-Date | 0.63% | 10.00% |
| 1 month | 10.81% | 2.41% |
| 6 months | 40.36% | 16.70% |
| 1 year | 36.10% | 26.85% |
| 5 years (annualized) | -8.22% | 12.81% |
| 10 years (annualized) | 2.52% | 10.84% |
Monthly Returns
The table below presents the monthly returns of TNA, with color gradation from worst to best to easily spot seasonal factors. Returns are adjusted for dividends.
| Jan | Feb | Mar | Apr | May | Jun | Jul | Aug | Sep | Oct | Nov | Dec | Total | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 2024 | -13.31% | 14.91% | 9.29% | -20.95% | 0.63% | ||||||||
| 2023 | 30.19% | -6.81% | -16.14% | -6.86% | -4.30% | 23.73% | 17.91% | -15.77% | -17.96% | -20.77% | 26.31% | 37.98% | 26.24% |
| 2022 | -27.80% | 1.54% | 1.38% | -28.15% | -3.25% | -25.10% | 32.35% | -7.74% | -28.06% | 33.18% | 3.57% | -19.97% | -62.48% |
| 2021 | 13.50% | 17.78% | 0.97% | 4.77% | -0.42% | 4.82% | -11.68% | 5.66% | -9.25% | 12.47% | -13.35% | 4.97% | 27.88% |
| 2020 | -9.68% | -24.64% | -66.22% | 35.77% | 15.80% | 5.31% | 7.74% | 16.30% | -10.84% | 5.20% | 61.76% | 27.39% | -7.82% |
| 2019 | 35.69% | 15.60% | -7.42% | 9.51% | -22.83% | 20.98% | 1.12% | -15.97% | 5.14% | 7.13% | 11.90% | 8.09% | 71.88% |
| 2018 | 7.31% | -12.61% | 2.19% | 1.78% | 18.46% | 1.19% | 4.41% | 12.51% | -7.24% | -30.90% | 2.99% | -33.70% | -39.89% |
| 2017 | -0.05% | 5.42% | -0.76% | 2.76% | -6.49% | 9.70% | 2.12% | -4.53% | 19.41% | 1.94% | 8.21% | -1.70% | 39.15% |
| 2016 | -25.31% | -1.73% | 24.38% | 4.09% | 6.28% | -1.79% | 18.00% | 5.10% | 2.18% | -13.73% | 35.47% | 8.40% | 59.22% |
| 2015 | -10.43% | 18.13% | 4.87% | -7.90% | 6.18% | 1.79% | -3.99% | -18.91% | -15.22% | 16.54% | 9.16% | -15.36% | -21.50% |
| 2014 | -8.87% | 13.90% | -2.82% | -11.84% | 1.58% | 16.24% | -17.84% | 14.81% | -17.33% | 19.29% | 0.25% | 7.44% | 5.21% |
| 2013 | 19.31% | 2.52% | 13.72% | -1.84% | 11.48% | -3.24% | 23.00% | -9.83% | 20.09% | 6.51% | 11.45% | 5.88% | 146.50% |
Risk-Adjusted Performance
Risk-Adjusted Performance Rank
The current rank of TNA is 34, suggesting that the investment has average results relative to other ETFs in terms of risk-adjusted performance. This ranking is determined by the cumulative values of the indicators listed below.
TNA (Direxion Daily Small Cap Bull 3X Shares)
Risk-Adjusted Performance Indicators
The charts below present risk-adjusted performance metrics for Direxion Daily Small Cap Bull 3X Shares (TNA) and compare them to a chosen benchmark (^GSPC). These indicators evaluate an investment's returns against its associated risks.
Dividends
Dividend History
Direxion Daily Small Cap Bull 3X Shares granted a 1.23% dividend yield in the last twelve months. The annual payout for that period amounted to $0.49 per share.
| Period | TTM | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Dividend | $0.49 | $0.50 | $0.10 | $0.05 | $0.02 | $0.32 | $0.15 | $0.11 | $0.00 | $0.00 | $0.24 | $0.59 |
Dividend yield | 1.23% | 1.27% | 0.31% | 0.06% | 0.03% | 0.44% | 0.36% | 0.15% | 0.00% | 0.00% | 0.59% | 1.53% |
Monthly Dividends
The table displays the monthly dividend distributions for Direxion Daily Small Cap Bull 3X Shares. 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 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 2024 | $0.00 | $0.00 | $0.03 | $0.00 | $0.00 | $0.03 | |||||||
| 2023 | $0.00 | $0.00 | $0.04 | $0.00 | $0.00 | $0.23 | $0.00 | $0.00 | $0.02 | $0.00 | $0.00 | $0.22 | $0.50 |
| 2022 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.10 | $0.10 |
| 2021 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.05 | $0.05 |
| 2020 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.01 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.01 | $0.02 |
| 2019 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.17 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.15 | $0.32 |
| 2018 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.01 | $0.00 | $0.00 | $0.14 | $0.15 |
| 2017 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.11 | $0.11 |
| 2016 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 |
| 2015 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 |
| 2014 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.24 | $0.24 |
| 2013 | $0.59 | $0.59 |
Drawdowns
Drawdowns Chart
The Drawdowns chart displays portfolio losses from any high point along the way.
Worst Drawdowns
The table below displays the maximum drawdowns of the Direxion Daily Small Cap Bull 3X Shares. 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 Daily Small Cap Bull 3X Shares was 88.09%, occurring on Mar 23, 2020. Recovery took 222 trading sessions.
The current Direxion Daily Small Cap Bull 3X Shares drawdown is 63.85%.
Depth | Start | To Bottom | Bottom | To Recover | End | Total |
|---|---|---|---|---|---|---|
| -88.09% | Sep 4, 2018 | 390 | Mar 23, 2020 | 222 | Feb 8, 2021 | 612 |
| -80.25% | Nov 9, 2021 | 495 | Oct 27, 2023 | — | — | — |
| -79.09% | Nov 6, 2008 | 83 | Mar 9, 2009 | 153 | Oct 14, 2009 | 236 |
| -70.56% | May 2, 2011 | 108 | Oct 3, 2011 | 402 | May 10, 2013 | 510 |
| -62.64% | Jun 24, 2015 | 161 | Feb 11, 2016 | 200 | Nov 25, 2016 | 361 |
Volatility
Volatility Chart
The current Direxion Daily Small Cap Bull 3X Shares volatility is 13.23%, representing the average percentage change in the investments's value, either up or down over the past month. The chart below shows the rolling one-month volatility.