TECSDirexion Daily Technology Bear 3X Shares

Take a bet17y track recordRanked #160 of 995 in this goal

Seeks daily investment results of 300% of the inverse of the daily performance of the Index.

By Direxion Funds · Launched 2008

Annual Cost

1.01%

#5,411 of 6,040 · expensive

Fund Size

$66M

#3,465 of 6,040 · mid-size

Return (1Y)

-71.7%

Track Record

17 years

#641 of 6,040 · established

Performance

Total-return NAV · USD

Growth of $10,000

$3,675-63.2%

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

What's inside

How Beacon categorizes this fund

Asset class

Equity

Region

North america

Strategy

Inverse

Sector

Information technology

Index tracked

S&P Technology Select Sector Index

Holdings

By weight

Concentration

synthetic exposure — holdings shown are derivatives collateral, not the fund's positions

DREYFUS GOVERNMENT CASH MANAGE

67.4%

GOLDMAN FINANCIAL

33.0%

DREYFUS

8.3%

GOLDMAN SACHS LIQ ES FD A

4.3%

N/A

-0.8%

N/A

-1.0%

N/A

-1.1%

N/A

-1.4%

N/A

-1.4%

N/A

-2.4%

Asset allocation

Cash

124.8%

Risk profile

Last 12 months · Sharpe & Sortino need 3+ years

Volatility (1Y)

79.2%High

Year-on-year price swings

Max drawdown

-100.0%Severe

Worst peak-to-trough loss

Sharpe (3Y)

-1.04Below average

Sortino (3Y)

-1.43Moderate downside risk

Listing

Exchange: NYSE Arca

Full fund details

Objective: Seeks daily investment results of 300% of the inverse of the daily performance of the Index.
Strategy: Invests primarily in financial instruments, including swap agreements and futures contracts, to provide 3X daily inverse exposure to the Index, which includes domestic companies in the technology sector. The Fund is non-diversified and may concentrate its investments in specific industries, aiming for daily rebalancing to maintain its investment objective.
Inception date: December 17, 2008
Fund family: Direxion Funds