- Issuer
- Direxion
- Category
- Inverse Equities
- Leveraged
- -2x
- Index Tracked
- No Index (Active)
- Distribution Policy
- Distributing
- Asset Class
- Equity
Share Price Chart
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Performance
TSXD Performance Chart
Direxion Daily Semiconductors Top 5 Bear 2X ETF (TSXD) is down 69.4% since the beginning of the year. TSXD is currently trading at $6 per share.
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Returns By Period
Direxion Daily Semiconductors Top 5 Bear 2X ETF
- 1D
- -4.50%
- 1M
- -18.13%
- YTD
- -69.35%
- 6M
- -69.26%
- 1Y
- —
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
Benchmark (S&P 500 Index)
- 1D
- 1.18%
- 1M
- -1.84%
- YTD
- 8.69%
- 6M
- 7.74%
- 1Y
- 20.53%
- 3Y*
- 18.69%
- 5Y*
- 11.60%
- 10Y*
- 13.47%
TSXD Monthly Returns History
Based on dividend-adjusted daily data since Oct 1, 2025, TSXD's average daily return is -0.60%, while the average monthly return is -12.31%.
Historically, 33% of months were positive and 67% were negative. The best month was Mar 2026 with a return of +17.0%, while the worst month was May 2026 at -38.2%. The longest winning streak lasted 2 consecutive months, and the longest losing streak was 3 months.
On a daily basis, TSXD closed higher 45% of trading days. The best single day was Jun 5, 2026 with a return of +17.2%, while the worst single day was Jun 11, 2026 at -14.7%.
| Jan | Feb | Mar | Apr | May | Jun | Jul | Aug | Sep | Oct | Nov | Dec | Total | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 2026 | -18.43% | 1.07% | 17.03% | -37.21% | -38.20% | -18.13% | -69.35% | ||||||
| 2025 | -25.86% | 9.07% | -0.10% | -19.22% |
Benchmark Metrics
Direxion Daily Semiconductors Top 5 Bear 2X ETF has an annualized alpha of -53.59%, beta of -4.88, and R2 of 0.60 versus S&P 500 Index. Calculated based on daily prices since October 01, 2025.
- This ETF participated in 44.27% of S&P 500 Index downside but only -170.24% of its upside - more exposed to losses than it benefited from rallies.
- This ETF had an annualized alpha of -53.59% versus S&P 500 Index - delivering less than market exposure alone would predict.
- Beta of -4.88 indicates this ETF moves significantly less than S&P 500 Index - a genuinely defensive profile with reduced participation in both market rallies and downturns.
- Alpha
- -53.59%
- Beta
- -4.88
- R²
- 0.60
- Upside Capture
- -170.24%
- Downside Capture
- 44.27%
Return for Risk
Return / Risk — by metrics
The table below present risk-adjusted performance metrics for Direxion Daily Semiconductors Top 5 Bear 2X ETF (TSXD) 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.
| TSXD | Benchmark | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | — | — | |
| Sortino ratioReturn per unit of downside risk | — | — | |
| Omega ratioGain probability vs. loss probability | — | 1.30 | — |
| Calmar ratioReturn relative to maximum drawdown | — | 2.27 | — |
| Martin ratioReturn relative to average drawdown | — | 9.90 | — |
Dividends
Dividend History
Direxion Daily Semiconductors Top 5 Bear 2X ETF provided a 5.68% dividend yield over the last twelve months, with an annual payout of $0.31 per share.
| Period | TTM | 2025 |
|---|---|---|
| Dividend | $0.31 | $0.19 |
Dividend yield | 5.68% | 1.03% |
Monthly Dividends
The table displays the monthly dividend distributions for Direxion Daily Semiconductors Top 5 Bear 2X ETF. 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 | $0.08 | $0.00 | $0.00 | $0.05 | $0.13 | ||||||
| 2025 | $0.19 | $0.19 |
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 Semiconductors Top 5 Bear 2X ETF. 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 Semiconductors Top 5 Bear 2X ETF was 78.82%, occurring on Jun 22, 2026. The portfolio has not yet recovered.
The current Direxion Daily Semiconductors Top 5 Bear 2X ETF drawdown is 76.38%.
Related event | Drawdown | Fall | Recovery | Underwater |
|---|---|---|---|---|
2026 bear market2026 | -78.82%Jun 2026 | 8mo 23d | — | 9mo 1dOct 2025 - now |
Drawdown Indicators
| TSXD | Benchmark | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -78.82% | -56.78% | -22.04% |
Max Drawdown (1Y)Largest decline over 1 year | — | -9.10% | — |
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 | -76.38% | -2.23% | -74.15% |
Average DrawdownAverage peak-to-trough decline | -38.18% | -10.71% | -27.47% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | — | 2.08% | — |
Volatility
Volatility Chart
The chart below shows the rolling one-month volatility.
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