- CUSIP
- 25461A536
- Issuer
- Direxion
- Inception Date
- Oct 3, 2024
- Category
- Leveraged Equities
- Leveraged
- 2x
- Index Tracked
- No Index (Active)
- Distribution Policy
- Distributing
- Asset Class
- Equity
- Asset Class Size
- Large-Cap
- Asset Class Style
- Growth
- Assets Under Management
- $603M
Highlights
- Avg. Volume (1M)
- 930K
- Avg. Volume Value (1M)
- $73.43M
Share Price Chart
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Performance
TSMX Performance Chart
Direxion Daily TSM Bull 2X Shares (TSMX) is up 48.8% since the beginning of the year. TSMX is currently trading at $73 per share.
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Returns By Period
Direxion Daily TSM Bull 2X Shares (TSMX) has returned 48.80% so far this year and 129.25% over the past 12 months.
Direxion Daily TSM Bull 2X Shares
- 1D
- 0.30%
- 1M
- -15.56%
- 6M
- 28.30%
- YTD
- 48.80%
- 1Y
- 129.25%
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
- ALL TIME*
- 87.80%
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%
TSMX Monthly Returns History
Based on dividend-adjusted daily data since Oct 3, 2024, TSMX's average daily return is +0.39%, while the average monthly return is +7.42%. At this rate, an investment would double in approximately 0.8 years.
Historically, 64% of months were positive and 36% were negative. The best month was Sep 2025 with a return of +44.7%, while the worst month was Jul 2026 at -30.4%. The longest winning streak lasted 3 consecutive months, and the longest losing streak was 3 months.
On a daily basis, TSMX closed higher 53% of trading days. The best single day was Apr 9, 2025 with a return of +24.9%, while the worst single day was Jan 27, 2025 at -26.3%.
| Jan | Feb | Mar | Apr | May | Jun | Jul | Aug | Sep | Oct | Nov | Dec | Total | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 2026 | 15.98% | 26.10% | -20.58% | 34.03% | 9.78% | 25.09% | -30.40% | 48.80% | |||||
| 2025 | 6.88% | -27.18% | -17.28% | -3.85% | 31.85% | 36.17% | 12.39% | -10.50% | 44.73% | 12.65% | -7.38% | 7.49% | 81.48% |
| 2024 | 11.69% | -6.99% | 12.48% | 16.84% |
Benchmark Metrics
Direxion Daily TSM Bull 2X Shares has an annualized alpha of 55.18%, beta of 3.36, and R2 of 0.44 versus S&P 500 Index. Calculated based on daily prices since October 03, 2024.
- This ETF captured 634.33% of S&P 500 Index gains and 188.82% of its losses - amplifying both gains and losses, but participating more in upside than downside.
- R2 of 0.44 means the benchmark explains less than half of this ETF's behavior - treat beta with caution or consider switching to a more representative benchmark.
- Alpha
- 55.18%
- Beta
- 3.36
- R²
- 0.44
- Upside Capture
- 634.33%
- Downside Capture
- 188.82%
Expense Ratio
TSMX has a high expense ratio of 1.05%, indicating above-average management fees.
Return for Risk
Risk / Return Rank
TSMX ranks 66 for risk / return — above 66% 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 TSM Bull 2X Shares (TSMX) 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.
| TSMX | Benchmark | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.01 | ||
| Sortino ratioReturn per unit of downside risk | +0.12 | ||
| Omega ratioGain probability vs. loss probability | 1.25 | 1.25 | 0.00 |
| Calmar ratioReturn relative to maximum drawdown | 2.93 | 2.00 | +0.92 |
| Martin ratioReturn relative to average drawdown | 8.89 | 8.49 | +0.40 |
Dividends
Dividend History
Direxion Daily TSM Bull 2X Shares provided a 5.70% dividend yield over the last twelve months, with an annual payout of $4.16 per share.
| Period | TTM | 2025 | 2024 |
|---|---|---|---|
| Dividend | $4.16 | $3.96 | $0.16 |
Dividend yield | 5.70% | 8.01% | 0.53% |
Monthly Dividends
The table displays the monthly dividend distributions for Direxion Daily TSM Bull 2X 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 | $0.24 | $0.00 | $0.00 | $0.36 | $0.00 | $0.60 | |||||
| 2025 | $0.00 | $0.00 | $0.14 | $0.00 | $0.00 | $0.26 | $0.00 | $0.00 | $0.19 | $0.00 | $0.00 | $3.37 | $3.96 |
| 2024 | $0.16 | $0.16 |
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 TSM Bull 2X 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 TSM Bull 2X Shares was 63.80%, occurring on Apr 8, 2025. Recovery took 68 trading sessions.
The current Direxion Daily TSM Bull 2X Shares drawdown is 30.40%.
Drawdown | Fall | Recovery | Underwater | Related event |
|---|---|---|---|---|
-63.80%Apr 2025 | 2mo 14d | 3mo 10d | 5mo 24dJan 2025 - Jul 2025 | 2025 selloff2025 |
-39.94%Jul 2026 | 28d | — | 1mo 2dJul 2026 - now | — |
-34.93%Mar 2026 | 1mo 2d | 25d | 1mo 27dFeb 2026 - Apr 2026 | — |
-24.49%Nov 2024 | 1mo 10d | 1mo 10d | 2mo 20dOct 2024 - Jan 2025 | — |
-21.23%Nov 2025 | 1mo 13d | 1mo 12d | 2mo 25dOct 2025 - Jan 2026 | — |
Drawdown Indicators
| TSMX | Benchmark | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -63.80% | -56.78% | -7.02% |
Max Drawdown (1Y)Largest decline over 1 year | -39.94% | -9.10% | -30.84% |
Max Drawdown (3Y)Largest decline over 3 years | — | -18.90% | — |
Max Drawdown (5Y)Largest decline over 5 years | — | -25.43% | — |
Max Drawdown (10Y)Largest decline over 10 years | — | -33.92% | — |
Current DrawdownCurrent decline from peak | -30.40% | -1.58% | -28.82% |
Average DrawdownAverage peak-to-trough decline | -15.95% | -10.70% | -5.25% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 13.13% | 2.14% | +10.99% |
Volatility
Volatility Chart
The chart below shows the rolling one-month volatility.
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