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Beacon

DPSTDirexion Daily Regional Banks Bull 3X Shares

Take a bet10y track recordRanked #67 of 775 in this goal

Seeks daily investment results of 300% of the performance of the S&P Total Market Index regional banks sub-industry.

By Direxion Funds · Launched 2015

Annual Cost

0.92%

#4,574 of 5,562 · expensive

Fund Size

$465M

#1,619 of 5,562 · large

Return (1Y)Goal

+75.7%

Track Record

10 years

#1,332 of 5,562 · established

Performance

Total-return NAV · USD
Growth of $10,000
$16,702+67.0%

Total-return NAV, USD. Net of fund fees, before tax.

Classification

How Beacon categorizes this fund

Asset class

Equity

Region

North america

Strategy

Leveraged

Sector

Financials

Index tracked

S&P Regional Banks Select Industry Index

What it actually holds

By weight

Concentration

Top 10 holdings = 45.9% of fundmoderately concentrated

GOLDMAN FINANCIAL
13.5%
DREYFUS
12.1%
DREYFUS GOVERNMENT CASH MANAGE
6.3%
N/A
3.5%
N/A
2.6%
GOLDMAN SACHS LIQ ES FD A
1.9%
Columbia Banking System Inc.
1.5%
Valley National Bancorp.
1.5%
Cadence Bank
1.5%
Truist Financial Corp.
1.5%

Asset allocation

Stocks
84.6%
Cash
15.4%

By sector

Financial Services
100.0%

Risk profile

Last 12 months · Sharpe & Sortino need 3+ years
Volatility (1Y)
69.3%High

Year-on-year price swings

Max drawdown
-97.7%Severe

Worst peak-to-trough loss

Sharpe (3Y)
0.64Decent risk-adjusted returns
Sortino (3Y)
0.96Moderate downside risk

Where to buy

Listing

Exchange
NYSE Arca

Full fund details

Objective
Seeks daily investment results of 300% of the performance of the S&P Total Market Index regional banks sub-industry.
Strategy
Invests primarily in financial instruments providing 3x daily leveraged exposure to the S&P Total Market Index regional banks. Utilizes swap agreements and futures, rebalancing daily to maintain target exposure.
Inception date
August 19, 2015
Fund family
Direxion Funds

Our take

Structural notes on how this fund behaves. Read our guide on the 6 warning signs.

Leveraged
Warning

Leveraged ETF — not a long-term hold

This fund uses leverage to amplify daily returns (e.g. 2x or 3x of an index). Daily rebalancing creates volatility decay — over weeks and months, the fund's return drifts from the stated multiple. In trending markets with low realised volatility, leveraged index ETFs can outperform their nominal multiple; in sideways or volatile markets they bleed. Designed for short-term tactical use, not buy-and-hold.

Source: Cheng & Madhavan, 'The Dynamics of Leveraged and Inverse ETFs' (2009)

Why we flagged this: strategy=leveraged + leveraged_name_or_strategy

Educational analysis of structural product characteristics. Not investment advice. Always read the fund prospectus and consult a qualified advisor before investing. More

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Data updated on 2026-06-19