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Beacon

TNADirexion Daily Small Cap Bull 3X Shares

Take a bet17y track recordRanked #44 of 775 in this goal

Seeks daily investment results of 300% of the daily performance of the Russell 3000® Index small-cap segment.

By Direxion Funds · Launched 2008

Annual Cost

1.05%

#5,074 of 5,562 · expensive

Fund Size

$1.4B

#905 of 5,562 · large

Return (1Y)Goal

+116.6%

Track Record

17 years

#623 of 5,562 · established

Performance

Total-return NAV · USD
Growth of $10,000
$20,616+106.2%

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

Classification

How Beacon categorizes this fund

Asset class

Equity

Region

North america

Strategy

Leveraged

Index tracked

Russell 2000 Index

What it actually holds

By weight

Concentration

Top 10 holdings = 148.0% of fundconcentrated

ISHARES MSCI EAFE SMALL-CAP
71.4%
DREYFUS GOVERNMENT CASH MANAGE
26.9%
GOLDMAN FINANCIAL
17.7%
N/A
10.4%
N/A
9.8%
N/A
6.6%
N/A
2.0%
N/A
1.2%
N/A
1.0%
DREYFUS
0.9%

Asset allocation

Stocks
96.7%
Cash
3.3%

By sector

Technology
19.1%
Industrials
18.0%
Healthcare
16.3%
Financial Services
15.3%
Consumer Cyclical
8.0%
Real Estate
5.9%
Energy
5.4%
Basic Materials
4.7%
Other
7.4%

Risk profile

Last 12 months · Sharpe & Sortino need 3+ years
Volatility (1Y)
58.5%High

Year-on-year price swings

Max drawdown
-88.1%Severe

Worst peak-to-trough loss

Sharpe (3Y)
0.62Decent risk-adjusted returns
Sortino (3Y)
0.92Moderate downside risk

Where to buy

Listing

Exchange
NYSE Arca

Full fund details

Objective
Seeks daily investment results of 300% of the daily performance of the Russell 3000® Index small-cap segment.
Strategy
Invests primarily in financial instruments, including swaps and futures, to achieve 3x daily leveraged exposure to small-cap stocks in the Russell 3000® Index. The Fund rebalances daily to maintain its target exposure, which may lead to high portfolio turnover.
Inception date
November 5, 2008
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