Direxion Daily Semiconductors Top 5 Bull 2X ETF

Frequently Asked Questions About TSXU

What does TSXU invest in?

This Direxion Daily Semiconductors Top 5 Bull 2X ETF, alongside its inverse counterpart, aims to deliver daily investment results that correspond to double (200%) the performance, or double the inverse (opposite) performance, of the NYSE Semiconductor Top 5 Equal Weight Index. These targets are set before the deduction of fees and expenses. It is important to note that there is no guarantee these funds will successfully achieve their outlined daily investment objectives.

What is the expense ratio of TSXU?

Direxion Daily Semiconductors Top 5 Bull 2X ETF (TSXU) charges an expense ratio of 5.11%. This is the annual fee deducted from fund assets to cover management and operations.

Is TSXU a good long-term hold?

TSXU is a leveraged fund designed to deliver a daily multiple of its underlying index. Daily reset compounding means returns over multi-day periods can diverge significantly from the headline multiple — typically negative drift in choppy markets. These funds are designed for short-term tactical use, not buy-and-hold. Review the fund's prospectus before holding more than a few days.

How does TSXU's daily reset work?

TSXU rebalances exposure each trading day to maintain its target leverage ratio against the next day's move. The daily reset means returns compound at the daily level — so a +1%, −1% sequence on the underlying doesn't return the underlying to flat after the leverage multiplier. Over time this path-dependence erodes returns in volatile markets and amplifies them in trending markets.

How big is TSXU?

Direxion Daily Semiconductors Top 5 Bull 2X ETF (TSXU) manages $15.2M in total assets. AUM determines bid-ask liquidity and the fund's vulnerability to closure — funds below ~$50M are at higher risk of liquidation.

Is TSXU actively managed or an index fund?

TSXU's management style is described in the fund's prospectus. See the description on the Summary tab for the published strategy.