Openbookopenbook
Openbook
TNA
+9.71 · +22.53%
$52.78 · NYSE ARCA

Direxion Daily Small Cap Bull 3X Shares (TNA) ETF Analysis | Trading--Leveraged Equity

Direxion Funds · United States
AUM:$1.6B
#– of – in Trading--Leveraged Equity ETFs

Educational tool only – Figures are based on historical data, holdings and expense metrics for informational purposes. This is not financial advice or a recommendation to buy or sell any security. Always conduct your own research or consult a qualified financial adviser.

Market Performance

Up 43.6% over the past year, reflecting strong price momentum.

Cost Efficiency

Ongoing charge of 1.08% — above average for this category.

What is TNA?

The fund invests at least 80% of its net assets in financial instruments, such as swap agreements, securities of the index, and exchange-traded funds (ETFs) that track the index, that, in combination, provide 3X daily leveraged exposure to the Index, consistent with the fund's investment objective. The index measures the performance of approximately 2,000 small-capitalization companies in the Russell 3000® Index, based on a combination of their market capitalization and current index membership.

Performance Highlights

Returns (%)
Top Sectors (%)

Investment Breakdown

Strong Recent Performance
TNA delivered 43.6% over the past year. Historical returns only — past performance is not indicative of future results.
Higher Cost Profile
Expense ratio of 1.08% is above average. Verify whether the strategy justifies the cost.
Concentrated Holdings
Top 10 holdings account for 68.0% of the ETF — significant weight in a small number of names.
ETF Information
AUM$1.6B
Expense Ratio1.08%
Dividend Yield0.68%
Holdings1
Inception DateNov 2008
DomicileUnited States
DistributionNA
Index–
ProviderDirexion Funds
Beta3.92
CategoryTrading--Leveraged Equity
CurrencyUSD
Portfolio Impact

How would TNA affect your portfolio?

Sign in to see exactly what adding this ETF changes — sector exposure, yield, diversification, volatility. Real numbers from your actual holdings.

Sign in
Example preview
6168
+7 points · better diversified

Chart Tools

My Portfolio

Sign in to overlay your portfolio on the chart.

Sign in
Compare Equity
Uses ISF.L (iShares FTSE 100 ETF)
Indicators

Performance Metrics

Historical returns

6M
+32.5%
1Y
+65.3%
3Y
+106.2%
5Y
-21.0%
OpenBook InsightIf you had invested £10,000 in TNA 5 years ago, it would have fallen to £7,904 — a loss of £2,096.

Annual Returns

Calendar year performance

TNA delivered positive returns in 4 of the last 5 calendar years.
YearTNA
2026 YTD+49.2%
2025+9.7%
2024+9.2%
2023+28.5%
2022-63.8%
CAGR 4yr-13.6%
4/5 positive yearsAvg return: +6.6%Worst year: -63.8% (2022)

Technical Analysis Summary

Automated insights from historical price action and indicators

Technical Regime: MIXED
Trend Strength
33%
Negative
Volatility
43.5%
Very High
Momentum
+1.7%
30-day change
Support Level
69.95
Key floor
Key Insights
  • Price is consolidating, with low momentum over the recent period.
  • Elevated volatility indicates higher short-term price variability and risk.
  • Monitor key support and resistance levels as part of broader risk assessment.
openbook

Stock research for UK and US investors. Make smarter decisions, faster.

Questions? Email us at contact@openbookanalytics.com

© 2026 Openbook Analytics Ltd · Company No. SC843579 · Registered in Scotland

256-bit encryption GDPR compliant UK data centres

Openbook Analytics Ltd (Company No. SC843579) is registered in Scotland. Registered office: Strathclyde Inspire Hub, University of Strathclyde, Graham Hills Building (Level 6), 50 Richmond Street, Glasgow, G1 1XP. Openbook Analytics is not authorised or regulated by the Financial Conduct Authority (FCA). The content on this platform is provided for general informational and educational purposes only and does not constitute financial advice, investment advice, trading advice, or any other form of advice. You should not treat any content on this platform as a recommendation to buy, sell, or hold any financial instrument. Past performance is not a reliable indicator of future results. The value of investments and the income from them can go down as well as up, and you may get back less than you invest. User-generated content, including community posts and commentary, reflects the personal opinions of individual users, is not verified for accuracy, and does not represent the views of Openbook Analytics Ltd. You should always conduct your own research or consult a qualified, FCA-regulated financial adviser before making investment decisions. Data displayed on this platform may be delayed or inaccurate and is provided "as is" without warranty. Openbook Analytics Ltd accepts no liability for any loss arising from reliance on the information provided.