Direxion Daily Consumer Discretionary Bull 3X ETF

Frequently Asked Questions About WANT

What does WANT invest in?

The Direxion Daily Consumer Discretionary Bull 3X ETF endeavors to provide daily investment outcomes that are three times (300%) the performance of the Consumer Discretionary Select Sector Index, prior to factoring in any charges or operational costs. Investors should note, however, that there is no assurance the fund will reliably achieve its stated daily objective.

What is the expense ratio of WANT?

Direxion Daily Consumer Discretionary Bull 3X ETF (WANT) charges an expense ratio of 1.03%. This is the annual fee deducted from fund assets to cover management and operations.

Is WANT a good long-term hold?

WANT 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 WANT's daily reset work?

WANT 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 WANT?

Direxion Daily Consumer Discretionary Bull 3X ETF (WANT) manages $16.0M 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 WANT actively managed or an index fund?

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