TSXDDirexion Daily Semiconductors Top 5 Bear 2X ETF
Seeks daily investment results of 200% of the inverse of the daily performance of the Index.
By Direxion Funds · Launched 2025
0.99%
#5,120 of 5,854 · expensive
$2M
#5,514 of 5,854 · small
N/A
11 months
#4,710 of 5,854 · young
Performance
Total-return NAV · USDTotal-return NAV, USD. Net of fund fees, before tax.
What's inside
How Beacon categorizes this fundAsset class
EquityRegion
North americaStrategy
Inverse
Sector
Information technologyIndex tracked
NYSE Semiconductor Index
What it actually holds
By weightConcentration
synthetic exposure — holdings shown are derivatives collateral, not the fund's positions
Risk profile
Last 12 months · Sharpe & Sortino need 3+ yearsWorst peak-to-trough loss
Needs 3+ years of history
Needs 3+ years of history
Listing
- Exchange
- NYSE Arca
Full fund details
- Objective
- Seeks daily investment results of 200% of the inverse of the daily performance of the Index.
- Strategy
- Invests in financial instruments, including swap agreements and futures contracts, to provide 2X daily inverse exposure to the top five securities in the NYSE Semiconductor Index. Concentrates on the semiconductor industry, which is part of the information technology sector, and aims for daily rebalancing to maintain its investment objective.
- Inception date
- September 30, 2025
- Fund family
- Direxion Funds
Similar funds
Same asset class, closest by strategy & exposureOur take
Structural notes on how this fund behaves. Read our guide on the 6 warning signs.
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.
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.
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 2026-08-04