See what your fund actually adds
Direxion Small Cap Bull 3X ETF TNA
Historical return decomposition and an investable replication portfolio, using data through 2026-10-09.
Fund and replication metrics
| Measure | TNA | Replication |
|---|---|---|
| Annualized growth | -7.6% | 5.8% |
| Annualized volatility | 62.8% | 23.2% |
| Sharpe ratio | 0.19 | 0.36 |
| Maximum drawdown | 80.1% | 40.3% |
| Replication fit (R²) | 0.58 · Tracking error 40.9% | |
Replication portfolio
The published portfolio below is the investable basket used to model TNA’s historical return behavior.
| Ticker | Building block | Weight |
|---|---|---|
| IWC | Micro Cap | 100.0% |