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Beacon

TECSDirexion Daily Technology Bear 3X Shares

Take a bet17y track recordRanked #129 of 771 in this goal

Seeks daily investment results that correspond to -300% of the daily performance of the Technology Select Sector Index.

By Direxion Funds · Launched 2008

Annual Cost

1.01%

#5,008 of 5,573 · expensive

Fund Size

$61M

#3,388 of 5,573 · mid-size

Return (1Y)Goal

-76.8%

Track Record

17 years

#646 of 5,573 · established

Performance

Total-return NAV · USD
Growth of $10,000
$2,524-74.8%

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

What it actually holds

By weight

Concentration

Top 10 holdings = 123.1% of fundconcentrated

DREYFUS GOVERNMENT CASH MANAGE
78.9%
GOLDMAN FINANCIAL
27.3%
GOLDMAN SACHS LIQ ES FD A
25.0%
DREYFUS
9.2%
N/A
-0.4%
N/A
-1.8%
N/A
-2.5%
N/A
-2.7%
N/A
-3.4%
N/A
-6.4%

Asset allocation

Cash
166.6%

Risk profile

Last 12 months · Sharpe & Sortino need 3+ years
Volatility (1Y)
68.7%High

Year-on-year price swings

Max drawdown
-100.0%Severe

Worst peak-to-trough loss

Sharpe (3Y)
-1.06Below average
Sortino (3Y)
-1.46Moderate downside risk

Listing

Exchange
NYSE Arca

Full fund details

Objective
Seeks daily investment results that correspond to -300% of the daily performance of the Technology Select Sector Index.
Strategy
Invests primarily in financial instruments that provide 3x inverse exposure to the Technology Select Sector Index. Designed for daily trading, the fund's performance may diverge significantly from -300% over longer periods due to compounding effects.
Inception date
December 17, 2008
Fund family
Direxion Funds

Our take

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

Leveraged
Warning

Your return drifts the longer you hold

Leverage amplifies the index's daily move, by 2x or 3x. The fund resets every day, so over weeks and months your real return drifts from that multiple. It can run ahead in a smooth climb and bleed in a choppy one. Hold one for months and you own a different bet than the label suggests.

Inverse
Warning

You can be right and still lose

This fund returns the opposite of its benchmark's daily move, then resets. Hold it longer and the daily compounding takes over: the market can move your way over a week and you still finish down. It works as a one-day hedge and nothing beyond that.

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

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 2026-06-20