Highlights
- Avg. Volume (1M)
- 4M
- Avg. Volume Value (1M)
- $300.19M
Share Price Chart
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Performance
TNA Performance Chart
Direxion Daily Small Cap Bull 3X Shares (TNA) is up 48.7% since the beginning of the year. TNA is currently trading at $68 per share. Investors who bought $1,000 worth of TNA shares 5 years ago would now be looking at an investment worth $813.
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Compare this symbol against anything
Returns By Period
Direxion Daily Small Cap Bull 3X Shares (TNA) has returned 48.69% so far this year and 108.54% over the past 12 months. Over the last ten years, TNA has returned 7.13% per year, falling short of the S&P 500 Index benchmark, which averaged 13.26% annually.
Direxion Daily Small Cap Bull 3X Shares
- 1D
- -1.37%
- 1M
- -7.22%
- 6M
- 28.70%
- YTD
- 48.69%
- 1Y
- 108.54%
- 3Y*
- 19.19%
- 5Y*
- -4.05%
- 10Y*
- 7.13%
- ALL TIME*
- 14.32%
Benchmark (S&P 500 Index)
- 1D
- 0.70%
- 1M
- 0.09%
- 6M
- 7.94%
- YTD
- 9.41%
- 1Y
- 20.07%
- 3Y*
- 17.84%
- 5Y*
- 11.25%
- 10Y*
- 13.26%
- ALL TIME*
- 8.09%
TNA Monthly Returns History
Based on dividend-adjusted daily data since Nov 19, 2008, TNA's average daily return is +0.15%, while the average monthly return is +2.71%. At this rate, an investment would double in approximately 2.2 years.
Historically, 61% of months were positive and 39% 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%.
| Jan | Feb | Mar | Apr | May | Jun | Jul | Aug | Sep | Oct | Nov | Dec | Total | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 2026 | 15.52% | 0.36% | -16.38% | 38.82% | 12.13% | 9.48% | -10.00% | 48.69% | |||||
| 2025 | 5.90% | -16.26% | -20.98% | -12.99% | 14.18% | 15.92% | 3.46% | 20.55% | 8.32% | 3.27% | 0.77% | -3.21% | 9.82% |
| 2024 | -13.31% | 14.91% | 9.29% | -20.95% | 13.88% | -4.69% | 31.44% | -8.28% | 0.37% | -5.84% | 33.87% | -24.76% | 7.21% |
| 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% |
Benchmark Metrics
Direxion Daily Small Cap Bull 3X Shares has an annualized alpha of -8.54%, beta of 3.40, and R2 of 0.80 versus S&P 500 Index. Calculated based on daily prices since November 19, 2008.
- This ETF captured 439.52% of S&P 500 Index gains and 240.21% of its losses - amplifying both gains and losses, but participating more in upside than downside.
- This ETF had an annualized alpha of -8.54% 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.
- Alpha
- -8.54%
- Beta
- 3.40
- R²
- 0.80
- Upside Capture
- 439.52%
- Downside Capture
- 240.21%
Expense Ratio
TNA has a high expense ratio of 1.05%, indicating above-average management fees.
Return for Risk
Risk / Return Rank
TNA ranks 71 for risk / return — above 71% of ETFs peers on PortfoliosLab. Its historical combined result is above most peers.
Risk / Return Metrics
The table below present risk-adjusted performance metrics for Direxion Daily Small Cap Bull 3X Shares (TNA) 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.
| TNA | Benchmark | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.25 | ||
| Sortino ratioReturn per unit of downside risk | +0.26 | ||
| Omega ratioGain probability vs. loss probability | 1.26 | 1.25 | +0.01 |
| Calmar ratioReturn relative to maximum drawdown | 2.95 | 2.00 | +0.95 |
| Martin ratioReturn relative to average drawdown | 9.70 | 8.49 | +1.21 |
Dividends
Dividend History
Direxion Daily Small Cap Bull 3X Shares provided a 0.31% dividend yield over the last twelve months, with an annual payout of $0.21 per share.
| Period | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 |
|---|---|---|---|---|---|---|---|---|---|---|
| Dividend | $0.21 | $0.36 | $0.39 | $0.50 | $0.10 | $0.05 | $0.02 | $0.32 | $0.15 | $0.11 |
Dividend yield | 0.31% | 0.78% | 0.93% | 1.27% | 0.31% | 0.06% | 0.03% | 0.44% | 0.36% | 0.15% |
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 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 2026 | $0.00 | $0.00 | $0.02 | $0.00 | $0.00 | $0.09 | $0.00 | $0.11 | |||||
| 2025 | $0.00 | $0.00 | $0.10 | $0.00 | $0.00 | $0.15 | $0.00 | $0.00 | $0.07 | $0.00 | $0.00 | $0.03 | $0.36 |
| 2024 | $0.00 | $0.00 | $0.03 | $0.00 | $0.00 | $0.15 | $0.00 | $0.00 | $0.03 | $0.00 | $0.00 | $0.18 | $0.39 |
| 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 |
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 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 37.12%.
Drawdown | Fall | Recovery | Underwater | Related event |
|---|---|---|---|---|
-88.09%Mar 2020 | 1y 6mo | 10mo 22d | 2y 5moSep 2018 - Feb 2021 | COVID crash2020 |
-82.36%Apr 2025 | 3y 5mo | — | 4y 8moNov 2021 - now | 2025 selloff2025 |
-73.06%Mar 2009 | 2mo 1d | 4mo 28d | 6mo 29dJan 2009 - Aug 2009 | Financial crisis2007–2009 |
-70.56%Oct 2011 | 5mo 4d | 1y 7mo | 2y 9dMay 2011 - May 2013 | — |
-62.64%Feb 2016 | 7mo 22d | 9mo 18d | 1y 5moJun 2015 - Nov 2016 | — |
Drawdown Indicators
| TNA | Benchmark | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -88.09% | -56.78% | -31.31% |
Max Drawdown (1Y)Largest decline over 1 year | -32.53% | -9.10% | -23.43% |
Max Drawdown (3Y)Largest decline over 3 years | -65.78% | -18.90% | -46.88% |
Max Drawdown (5Y)Largest decline over 5 years | -82.36% | -25.43% | -56.93% |
Max Drawdown (10Y)Largest decline over 10 years | -88.09% | -33.92% | -54.17% |
Current DrawdownCurrent decline from peak | -37.12% | -1.58% | -35.54% |
Average DrawdownAverage peak-to-trough decline | -33.92% | -10.70% | -23.22% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 9.90% | 2.14% | +7.76% |
Volatility
Volatility Chart
The chart below shows the rolling one-month volatility.
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