Direxion Daily Small Cap Bull 3X Shares (TNA)

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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.

Direxion Daily Small Cap Bull 3X Shares (TNA) has returned -3.05% so far this year and 51.93% over the past 12 months. Over the last ten years, TNA has returned 4.66% per year, falling short of the S&P 500 Index benchmark, which averaged 12.16% annually.

Based on dividend-adjusted daily data since Nov 19, 2008, TNA's average daily return is +0.15%, while the average monthly return is +2.67%. At this rate, your investment would double in approximately 2.2 years.

Historically, 60% of months were positive and 40% were negative. The best month was Nov 2020 with a return of +61.8%, while the worst month was Mar 2020 at -66.2%. The longest winning streak lasted 7 consecutive months, and the longest losing streak was 5 months.

On a daily basis, TNA closed higher 53% of trading days. The best single day was Mar 24, 2020 with a return of +26.6%, while the worst single day was Mar 16, 2020 at -37.1%.

Direxion Daily Small Cap Bull 3X Shares has an annualized alpha of -8.61%, beta of 3.40, and R² of 0.80 versus S&P 500 Index. Calculated based on daily prices since November 20, 2008.

• This ETF captured 441.64% of S&P 500 Index gains and 237.85% of its losses — amplifying both gains and losses, but participating more in upside than downside.
• This ETF had an annualized alpha of -8.61% versus S&P 500 Index — delivering less than market exposure alone would predict.
• Beta of 3.40 means this ETF moves significantly more than S&P 500 Index — expect amplified gains in rallies and amplified losses in downturns.

TNA has a high expense ratio of 1.14%, indicating above-average management fees.

TNA ranks 45 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.

The table below present risk-adjusted performance metrics for Direxion Daily Small Cap Bull 3X Shares (TNA) and compare them to a chosen benchmark (S&P 500 Index).

Direxion Daily Small Cap Bull 3X Shares provided a 0.62% dividend yield over the last twelve months, with an annual payout of $0.27 per share.

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.

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 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 59.00%.

The chart below shows the rolling one-month volatility.