- 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
- $590M
Share Price Chart
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Performance
TSMX Performance Chart
Direxion Daily TSM Bull 2X Shares (TSMX) is up 108.5% since the beginning of the year. TSMX is currently trading at $103 per share.
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Returns By Period
Direxion Daily TSM Bull 2X Shares (TSMX) has returned 108.50% so far this year and 295.18% over the past 12 months.
Direxion Daily TSM Bull 2X Shares
- 1D
- 2.28%
- 1M
- 30.54%
- YTD
- 108.50%
- 6M
- 123.44%
- 1Y
- 295.18%
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
Benchmark (S&P 500 Index)
- 1D
- -0.37%
- 1M
- -0.01%
- YTD
- 9.16%
- 6M
- 8.64%
- 1Y
- 25.22%
- 3Y*
- 19.78%
- 5Y*
- 11.99%
- 10Y*
- 13.88%
TSMX Monthly Returns History
Based on dividend-adjusted daily data since Oct 3, 2024, TSMX's average daily return is +0.48%, while the average monthly return is +9.07%. At this rate, an investment would double in approximately 0.7 years.
Historically, 67% of months were positive and 33% were negative. The best month was Sep 2025 with a return of +44.7%, while the worst month was Feb 2025 at -27.2%. The longest winning streak lasted 3 consecutive months, and the longest losing streak was 3 months.
On a daily basis, TSMX closed higher 54% 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% | 21.99% | 108.50% | ||||||
| 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 92.56%, beta of 3.23, 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 but only 27.13% of its losses - a favorable profile for investors.
- 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
- 92.56%
- Beta
- 3.23
- R²
- 0.44
- Upside Capture
- 634.33%
- Downside Capture
- 27.13%
Expense Ratio
TSMX has a high expense ratio of 1.05%, indicating above-average management fees.
Return for Risk
Risk / Return Rank
TSMX ranks 90 for risk / return — in the top 90% of ETFs on our site. This means strong returns relative to risk — exactly what professional investors look for. Well-suited for investors who want to maximize return per unit of risk.
Return / Risk — by 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 | +1.92 | ||
| Sortino ratioReturn per unit of downside risk | +0.83 | ||
| Omega ratioGain probability vs. loss probability | 1.44 | 1.37 | +0.07 |
| Calmar ratioReturn relative to maximum drawdown | 8.51 | 2.78 | +5.73 |
| Martin ratioReturn relative to average drawdown | 27.31 | 12.44 | +14.87 |
Dividends
Dividend History
Direxion Daily TSM Bull 2X Shares provided a 3.96% dividend yield over the last twelve months, with an annual payout of $4.06 per share.
| Period | TTM | 2025 | 2024 |
|---|---|---|---|
| Dividend | $4.06 | $3.96 | $0.16 |
Dividend yield | 3.96% | 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 | $0.00 | $0.24 | ||||||
| 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.
Related event | Drawdown | Fall | Recovery | Underwater |
|---|---|---|---|---|
2025 selloff2025 | -63.80%Apr 2025 | 2mo 14d | 3mo 10d | 5mo 24dJan 2025 - Jul 2025 |
2026 bear market2026 | -34.93%Mar 2026 | 1mo 2d | 25d | 1mo 27dFeb 2026 - Apr 2026 |
2024 bear market2024 | -24.49%Nov 2024 | 1mo 10d | 1mo 10d | 2mo 20dOct 2024 - Jan 2025 |
2025 bear market2025 | -21.23%Nov 2025 | 1mo 13d | 1mo 12d | 2mo 25dOct 2025 - Jan 2026 |
2026 correction2026 | -17.20%Jun 2026 | 7d | 8d | 15dJun 2026 - Jun 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 | -34.93% | -9.10% | -25.83% |
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 | 0.00% | -1.80% | +1.80% |
Average DrawdownAverage peak-to-trough decline | -15.59% | -10.71% | -4.88% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 10.87% | 2.03% | +8.84% |
Volatility
Volatility Chart
The chart below shows the rolling one-month volatility.
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