TNA's Sortino Ratio of 2.77 indicates that for each unit of downside volatility, it generates 2.77 units of excess return. The ratio is calculated using historical daily returns over the past 12 months (as of Jun 23, 2026).
Unlike other measures, Sortino only focuses on downside volatility (losses), making it particularly useful for investors more concerned about protecting against drawdowns than overall price swings.
TNA Sortino Ratio Rank
TNA ranks above 61.0% of all investments in our database based on Sortino Ratio over the past 12 months, indicating above-average returns relative to downside risk taken. Securities are ranked from 0 (worst) to 100 (best).
What moves the rank
- Strong returns with minimal downside volatility → Higher rank
- Severe or frequent drawdowns → Lower rank
- Upside volatility → No impact (Sortino doesn't penalize upside swings)
What you can do with this information
- Above-average downside protection with room for improvement
- Compare against category peers to gauge relative positioning
- Monitor for movement toward top tier or decline toward median
- Consider pairing with top-tier holdings to improve portfolio risk profile
TNA Sortino Ratio Market Positioning
The chart shows TNA's Sortino Ratio relative to all ETFs on our platform, with color zones indicating percentile rankings. Higher ratios indicate better downside-adjusted returns.
- Red zone (bottom 25%): 1.33 or lower
- Yellow zone (middle 50%): 1.33 to 3.21
- Green zone (top 25%): 3.21 or higher
- Top 1%: 15.26+
- Median: 2.38 — half of all investments score higher
How it compares to other similar ETFs
The table compares Direxion Daily Small Cap Bull 3X Shares's Sortino Ratio with other ETFs in the Leveraged Equities, Small Cap Blend Equities category across multiple time periods, showing how TNA's risk-adjusted performance compares to similar funds.
Data shows 1-, 5-, and 10-year periods, plus each fund's all-time average, as of Jun 23, 2026.
| Symbol | Name | 1Y Sortino Ratio | 5Y Sortino Ratio | 10Y Sortino Ratio | All Time Sortino Ratio |
|---|---|---|---|---|---|
| XTAP | Innovator U.S. Equity Accelerated Plus ETF | 7.37 | |||
| QTAP | Innovator Growth Accelerated Plus ETF - April | 6.96 | |||
| MULL | GraniteShares 2x Long MU Daily ETF | 6.22 | |||
| INTW | GraniteShares 2x Long INTC Daily ETF | 5.37 | |||
| GGLL | Direxion Daily GOOGL Bull 2X Shares | 4.58 | |||
| SOXL | Direxion Daily Semiconductor Bull 3X ETF | 4.57 | |||
| DLLL | GraniteShares 2x Long DELL Daily ETF | 4.44 | |||
| AMUU | Direxion Daily AMD Bull 2X Shares | 4.31 | |||
| AMDL | GraniteShares 2x Long AMD Daily ETF | 4.31 | |||
| KORU | Direxion Daily South Korea Bull 3X Shares | 4.29 | |||
| TNA | Direxion Daily Small Cap Bull 3X Shares | 2.77 |
Historical Sortino Ratio
The chart shows TNA's rolling Sortino ratio over time compared to your chosen benchmark. Rising trends indicate improving returns relative to downside risk, while declining trends may signal deteriorating risk-adjusted performance or increased volatility during market stress. Use multiple timeframes to distinguish short-term fluctuations from long-term patterns.
Identify market cycles by observing when TNA consistently outperforms (line above benchmark), underperforms (below benchmark), or aligns with the benchmark.
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