Direxion Daily Technology Top 5 Bear 2X ETF

Frequently Asked Questions About TTXD

What does TTXD invest in?

The Direxion Daily Technology Top 5 Bear 2X ETF aims to deliver daily investment results that correspond to 200% of the inverse (or opposite) performance of the S&P 500 Information Technology (Sector) Top 5 Equal Capped Index, before factoring in fees and expenses. It's important to understand that there is no guarantee the fund will consistently achieve its stated daily objectives.

What is the expense ratio of TTXD?

Direxion Daily Technology Top 5 Bear 2X ETF (TTXD) charges an expense ratio of 8.36%. This is the annual fee deducted from fund assets to cover management and operations.

Is TTXD a good long-term hold?

TTXD 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 with 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 TTXD's daily reset work?

TTXD 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 TTXD?

Direxion Daily Technology Top 5 Bear 2X ETF (TTXD) manages $996,013 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 TTXD actively managed or an index fund?

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