- Last Ratings Update:03/31/2014
- Price as of 03/31/2014 :$78.10
- Net Assets:$954.8 Million
- Peer Rank:204 of 272
- Investment Rating:D+
We rate Direxion Daily Small Cap Bull 3x at D+. This overall rating indicates it is among the top 10% of all closed end mutual funds in its peer group. Negative factors that influence this rating include a high price volatility and short term portfolio management tenure. The fund invests approximately 10% of its assets in stocks and may be considered for investors seeking a Growth - Domestic strategy.
POSITIVES AND RISKS
Total return ranks very high in comparison with peers over the last three years. The Direxion Daily Small Cap Bull 3x has returned an annual rate of 27.42% since inception. More recently, the fund has generated a total return of 49.36% in the last five years, 19.92% in the last three years, and 85.07% in the last year. How does that compare to other equity funds? In the last five years, it has outperformed 99% of them. It has also outpaced 94% of its competitors on a three year basis and 99% of them over the last year for the period ending 3/31/2014. On a year to date basis, TNA has returned -4.11%.
Downside risk has been above average. TNA has a draw down risk of -65.16%, which is the largest price decline experienced over the last three years. This fund has a three year standard deviation of 56.3%. This fund has experienced excessive volatility in its monthly performance over the last 36 months. As of 3/31/2014, the fund was trading at a price of $78.10, which is 9.9% below its 52-week high of $86.68 and 7.0% above its 52-week low of $73.00.
High expense ratio hinders performance. On total assets of $954.80 million, TNA maintains a high expense ratio compared to its Growth - Domestic peers of 0.99% to cover all operating costs. Brokerage costs for the fund to buy and sell shares are not included in the expense ratio. As TNA is an exchange traded fund, it has no front end or back end load.
The Direxion Daily Small Cap Bull 3x is managed by Paul Brigandi at Rafferty Asset Management LLC. This fund is one of 54 Rafferty Asset Management LLC exchange-traded funds launched since 11/5/2008 that we track.
Select the service that is right for you!COMPARE ALL SERVICES
Jim Cramer and Stephanie Link actively manage a real portfolio and reveal their money management tactics while giving advanced notice before every trade.
- $2.5+ million portfolio
- Large-cap and dividend focus
- Intraday trade alerts from Cramer
- Weekly roundups
Access the tool that DOMINATES the Russell 2000 and the S&P 500.
- Buy, hold, or sell recommendations for over 4,300 stocks
- Unlimited research reports on your favorite stocks
- A custom stock screener
- Upgrade/downgrade alerts
Jim Cramer's protege, David Peltier, identifies the best of breed dividend stocks that will pay a reliable AND significant income stream.
- Diversified model portfolio of dividend stocks
- Alerts when market news affect the portfolio
- Bi-weekly updates with exact steps to take - BUY, HOLD, SELL
All of Real Money, plus 15 more of Wall Street's sharpest minds delivering actionable trading ideas, a comprehensive look at the market, and fundamental and technical analysis.
- Real Money + Doug Kass Plus 15 more Wall Street Pros
- Intraday commentary & news
- Ultra-actionable trading ideas
Our options trading pros provide daily market commentary and over 100 monthly option trading ideas and strategies to help you become a well-seasoned trader.
- 100+ monthly options trading ideas
- Actionable options commentary & news
- Real-time trading community
- Options TV
Latest Stock Upgrades/Downgrades