Direxion Daily Small Cap Bull 3X SharesFind Ratings Reports
- Last Ratings Update:06/30/2016
- Price as of 06/30/2016 :$61.99
- Net Assets:$990.4 Million
- Peer Rank:246 of 323
- Investment Rating:D+
We rate Direxion Daily Small Cap Bull 3x at D+. Negative factors that influence this rating include a high price volatility. 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 above peers over the last three years. The Direxion Daily Small Cap Bull 3x has returned an annual rate of 15.11% since inception. More recently, the fund has generated a total return of 7.87% in the last five years, 8.23% in the last three years, and -27.57% in the last year. How does that compare to other equity funds? In the last five years, it has outperformed 60% of them. It has also outpaced 63% of its competitors on a three year basis and 5% of them over the last year for the period ending 6/30/2016. On a year to date basis, TNA has returned 0.49%.
Downside risk has been above average. TNA has a draw down risk of -48.07%, which is the largest price decline experienced over the last three years. This fund has a three year standard deviation of 48.7%. This fund has experienced excessive volatility in its monthly performance over the last 36 months. As of 6/30/2016, the fund was trading at a price of $61.99, which is 11.9% below its 52-week high of $70.35 and 17.6% above its 52-week low of $52.71.
High expense ratio hinders performance. 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 74 Rafferty Asset Management LLC exchange-traded funds launched since 11/5/2008 that we track.