WANTDirexion Daily Cnsmr Discret Bull 3XShrs
Seeks daily investment results of 300% of the daily performance of the Index.
By Direxion Funds · Launched 2018
1.00%
#4,954 of 5,562 · expensive
$19M
#4,381 of 5,562 · small
+5.2%
7 years
#1,849 of 5,562 · established
Performance
Total-return NAV · USDTotal-return NAV, USD. Net of fund fees, before tax.
Classification
How Beacon categorizes this fundAsset class
EquityRegion
North americaStrategy
Leveraged
Sector
Consumer discretionaryIndex tracked
Consumer Discretionary Select Sector Index
What it actually holds
By weightConcentration
Top 10 holdings = 93.5% of fundconcentrated
Asset allocation
By sector
Risk profile
Last 12 months · Sharpe & Sortino need 3+ yearsYear-on-year price swings
Worst peak-to-trough loss
Where to buy
Listing
- Exchange
- NYSE Arca
Full fund details
- Objective
- Seeks daily investment results of 300% of the daily performance of the Index.
- Strategy
- Invests primarily in financial instruments like swap agreements and futures to achieve 3X daily leveraged exposure to the consumer discretionary sector. The Fund rebalances daily to maintain its target exposure, which may lead to high portfolio turnover. It may also invest in ETFs and securities not included in the Index.
- Inception date
- November 29, 2018
- Fund family
- Direxion Funds
Similar ETFs
Closest matches by profileOur take
Structural notes on how this fund behaves. Read our guide on the 6 warning signs.
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