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Beacon

TSMXDirexion Daily TSM Bull 2X Shares

Take a bet1y track recordRanked #124 of 949 in this goal

Seeks daily investment results of 200% of the daily performance of TSM.

By Direxion Funds · Launched 2024

Annual Cost

0.99%

#5,120 of 5,854 · expensive

Fund Size

$773M

#1,281 of 5,854 · large

Return (1Y)Goal

+114.2%

Track Record

1 year

#3,771 of 5,854 · seasoned

Performance

Total-return NAV · USD
Growth of $10,000
$21,619+116.2%

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

What's inside

How Beacon categorizes this fund

Asset class

Equity

Strategy

Leveraged

What it actually holds

By weight

Concentration

single-stock bet — holdings shown are derivatives collateral, not diversification

DREYFUS GOVERNMENT CASH MANAGE
42.6%
GOLDMAN FINANCIAL
31.1%
DREYFUS
22.6%
TAIWAN SEMICONDUCTOR MANUFACTURING COMPANY LTD
10.0%
N/A
4.8%
N/A
3.3%
N/A
2.9%
N/A
0.3%
N/A
0.2%

Asset allocation

Cash
53.3%
Stocks
46.8%

By sector

Technology
100.0%

Risk profile

Last 12 months · Sharpe & Sortino need 3+ years
Volatility (1Y)
81.7%High

Year-on-year price swings

Max drawdown
-63.8%Severe

Worst peak-to-trough loss

Sharpe (3Y)
Unavailable

Needs 3+ years of history

Sortino (3Y)
Not yet

Needs 3+ years of history

Listing

Exchange
NASDAQ Global Select Market

Full fund details

Objective
Seeks daily investment results of 200% of the daily performance of TSM.
Strategy
Invests at least 80% of net assets in securities of TSM and financial instruments, such as swap agreements, to provide 2X daily leveraged exposure to TSM. Concentrated in the information technology sector and semiconductor industry, with daily rebalancing to maintain 200% exposure.
Inception date
October 2, 2024
Fund family
Direxion Funds

Our take

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

Leveraged single stock
Critical

Most of these lose money

These funds amplify one stock's daily move, then reset every day. More than half of them have lost money outright, and the daily reset plus financing costs drag roughly 9.5% a year off the return. The longer you hold, the more that compounding works against you.

Sources: Bessembinder, 'Leveraged Single-Stock ETFs' (SSRN 2025)

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 2026-08-04