(TNA) Direxion Daily Small Cap - Overview

ETF Category: Trading--Leveraged Equity | Exchange: NYSE ARCA (USA) | Market Cap: 1.439m USD | Total Return: 140.4% in 12m

Leveraged ETFs, Swap Agreements, Small-Cap Securities
Total Rating 87
Safety 51
Buy Signal 0.01
Trading--Leveraged Equity
Category Rotation: -5.2
TER: 1.08%
AUM: 1.44B
Avg Turnover: 474M
Risk 3d forecast
Volatility58.1%
VaR 5th Pctl10.4%
VaR vs Median-1.11%
Reward TTM
Sharpe Ratio1.76
Rel. Str. IBD91.1
Rel. Str. Peer Group71.3
Character TTM
Beta3.447
Beta Downside3.783
Hurst Exponent0.503
Drawdowns 3y
Max DD65.78%
CAGR/Max DD0.53
CAGR/Mean DD1.78

Warnings

Choppy

Tailwinds

Rs Leader, Tailwind

Description: TNA Direxion Daily Small Cap

The Direxion Daily Small Cap Bull 3X Shares (TNA) is a leveraged exchange-traded fund designed to provide 300% of the daily performance of the Russell 2000 Index. To achieve this objective, the fund invests a minimum of 80% of its net assets in a mix of swap agreements, constituent securities, and other ETFs that track the underlying index.

The Russell 2000 Index serves as a primary benchmark for the small-cap segment of the U.S. equity market, tracking approximately 2,000 companies based on market capitalization. Small-cap stocks typically exhibit higher volatility and greater growth potential compared to large-cap equities, but they often face higher sensitivity to domestic economic cycles and interest rate fluctuations.

As a leveraged instrument, TNA is intended for short-term trading rather than long-term investment due to the effects of daily compounding and volatility decay. You can further analyze these risk factors and historical performance trends on ValueRay. Because the fund is non-diversified and utilizes financial derivatives to amplify returns, it carries a high risk profile suitable for sophisticated investors monitoring daily price movements.

Headlines to Watch Out For
  • Interest rate shifts impact small-cap borrowing costs and Russell 2000 performance
  • Domestic economic growth trajectories dictate small-cap revenue and profitability trends
  • Compounding effects and daily rebalancing cause tracking error during volatile periods
  • Equity market volatility levels influence leveraged performance and investor risk appetite
  • US dollar strength affects domestic-focused small-cap earnings relative to large-cap peers
What is the price of TNA shares?

As of May 29, 2026, the stock is trading at USD 69.91 with a total of 4,631,441 shares traded.
Over the past week, the price has changed by +13.18%, over one month by +18.98%, over three months by +32.47% and over the past year by +140.35%.

Is TNA a buy, sell or hold?

Direxion Daily Small Cap has no consensus analysts rating.