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DPST

GradeANew York Stock Exchange Arca

Direxion Daily Regional Banks Bull 3X ETF

Leveraged · Leveraged & Inverse · Direxion · Inception 2015-08-19 · SEC filings

This fund multiplies its index's move each day and resets that multiple daily. Because daily returns compound, its long-run return can differ from the headline multiple.

$117.02−1.69 (−1.42%)

As of Sep 23, 2026, 2:20 PM EDT

Intraday session: down, 59 prints from 118.70 to 117.02. Range 116.64 to 119.25. Use the arrow keys to read each point.$118.00$119.0010 AM12 PM2 PM4 PM
Expense ratio
0.92%
Fund size
$322M
1Y return
+15.6%
Yield · Last 12 months
1.84%
Holdings
152
Volume · 30D
0.3M sh
NAV per share
$125.23
52W range
low $72.66high $158.88

The ETF.net DPST Grade

A

71/ 100

Rank 4 of 31 in 3x Leveraged Long⁠

Confidence Medium

Six-pillar profile for DPST. Scores out of 100: Cost 97, Risk 37, Mission not scored, Tradability 61, Holdings not scored, Durability 55. Strongest: Cost (97). Weakest: Risk (37). Based on 4 of 6 pillars.
F< 25
D≥ 25
C≥ 40
B≥ 55
A≥ 70

Score 71 of 100 sits in the A band. Bands: A ≥ 70, B ≥ 55, C ≥ 40, D ≥ 25, F < 25; the scale skips E.

  • Cost

    What you pay to own it — the expense ratio plus trading frictions, ranked within its category.
    AScore 97
    Category rank1/31 · top 3%

  • Mission

    How faithfully it does the job it claims — tracking its mandate or index with minimal slippage.
    Not scored
    —

  • Risk

    How violently it can move — volatility, drawdown depth, and downside capture versus its category.
    DScore 37
    Category rank22/30 · mid-pack

  • Tradability

    How cheaply and easily you can get in and out — liquidity, spread, and premium/discount stability.
    BScore 61
    Category rank12/31 · top 39%

  • Holdings

    What it actually owns — the quality, breadth, and concentration of the underlying portfolio.
    Not scored
    —

  • Durability

    Whether it will still be here — the fund’s assets, age, flows, and issuer staying power.
    BScore 55
    Category rank13/31 · top 42%

Graded as of Sep 22, 2026 · Based on 4 of 6 pillars

Our read on DPST

ETF.net Research

AMost leveraged financial funds hand you the megabanks. DPST goes narrow: 3x the daily move of an index of roughly 150 regional lenders. A single-purpose amplifier on one of the market's most headline-prone groups.

Stated mandate

The fund seeks daily investment results, before fees and expenses, equal to 300% of the performance of the S&P Regional Banks Select Industry Index.

Why people hold it

  1. 01At 0.92% a year it undercuts the typical leveraged fund's fee, and it matches what Direxion charges on its broader financials 3x fund (FAS). No premium for the narrower target.
  2. 02Regional banks trade on their own drivers: deposits, the rate curve, commercial property loans. This is a clean 3x handle on that theme rather than the whole financial sector.
  3. 03The mandate is spelled out, not discretionary: 300% of the S&P Regional Banks Select Industry Index's daily move, before fees and expenses. No stock picking, no manager calls.
  4. 04Running since 2015 across roughly 150 banks, it is one of the better-priced, better-traded builds in the leveraged bull group.

Worth knowing

  1. 01The 3x target resets every day. Over longer holds, especially choppy ones, compounding can pull results well away from 3x the index's move for the whole period.
  2. 02Leverage cuts both ways, and one industry is one storyline: a rate or credit shock tends to hit every regional bank in the basket at once, tripled.
  3. 03Volume is solid but not blue-chip, so spreads can widen when banking headlines hit. Any income arrives quarterly and is incidental to the strategy.

DPST Holdings

As of Sep 22, 2026, 10:02 PM
Asset class
Stocks
Holdings
152
Top-10 weight
77%
Largest holding
SPSIRBK SWAP ASSET LEG (SPSIRBCTL)20.4%

Sectors

  • Financials100.0%

Geography

  • United States97.00%
  • Puerto Rico3.00%
The fund’s holdings, weight-ordered — page 1 of 12.
#TickerCompanyWeight %SharesMarket valueIn ETFs
001—SPSIRBK SWAP ASSET LEG (SPSIRBCTL)20.39%93,898$213M1
002—SPSIRB SWAP ASSET LEG (SPSIRBSGL)14.11%65,000$147M1
003—SPSIRBK SWAP ASSET LEG (SPSIRBBCL)11.94%55,000$125M1
004—SPSIRB SWAP ASSET LEG (SPSIRBMLL)11.39%52,474$119M1
005—SPSIRB SWAP ASSET LEG (SPSIRBUBL)8.69%40,000$91M1
006—GOLDMAN FINL SQ TRSRY INST 5064.38%45,756,669$46M100
007—SPSIRBK SWAP ASSET LEG (SPSIRBGSL)2.55%11,738$27M1
008—DREYFUS TRSRY SECURITIES CASH MGMT1.97%20,560,626$21M82
009—SPSIRBK SWAP ASSET LEG (SPSIRBJPL)1.09%5,000$11M1
010—GOLDMAN SACHS FIN GOV 465 INSTITUT0.86%8,965,277$9M75
011COLBCOLUMBIA BANKING SYSTEM INC0.25%88,964$3M155
012HWCHANCOCK WHITNEY CORP0.25%35,668$3M136
013FIBKFIRST INTERSTATE BANCSYS-A0.25%72,099$3M126
014UBSIUNITED BANKSHARES INC0.25%56,603$3M152
015HOMBHOME BANCSHARES INC0.25%89,354$3M132

Showing 1–15 of 178 holdings

DPST Performance

Shows how $10,000 changes over the selected period, with cash distributions reinvested at the closing price on each ex-dividend date.

DPST$11,561
SPY tracks large US stocks. It provides market context, rather than representing this fund’s strategy, asset class or investment benchmark.$11,723
Sep 22, 2025 to Sep 22, 2026. DPST $11,561. SPY $11,723. Use the arrow keys to read each point.$6,805$11,400$15,994Sep 2025Mar 2026Sep 2026

Sep 22, 2025 – Sep 22, 2026

Returns run to the Sep 22, 2026 close, with cash distributions reinvested. Each period starts on the same date that many months or years earlier. Periods over one year show the average yearly return.

Trailing total return for DPST. Periods over one year show the average yearly return.
PeriodDPST
Year to date+18.6%
1 month−13.7%
3 months−5.8%
1 year+15.6%
3 years+34.1%per year
5 years−18.5%per year
10 years−14.7%per year

As of the close, with distributions reinvested.

Calendar-year total return with cash distributions hypothetically reinvested at the ex-dividend date’s closing price. The current year shows year to date.

Annual total returns for DPST
YearReturn barDPST
2026 YTD+18.6%
2025−5.9%
2024+15.5%
2023−55.8%
2022−54.1%
2021+108.3%
2020−76.6%

DPST in the news

ETF.net Research hasn’t filed on DPST yet — coverage lands here as it’s written.

DPST Dividends

Adds up every distribution paid per share over the last 12 months, divided by the last completed close. Distributions are counted by ex-date. Data through Sep 22, 2026.
1.84%Last 12 months
Payout per share
$2.18Last 12 months
Last payment
$0.67 per share
Paid on
Shares bought on or after this date do not qualify for this distribution.
Frequency
Quarterly

Distribution history

2017–2026

One bar per payment. 36 payments from 2017 to 2026 YTD. Mar 21, 2017 $2.06; Dec 19, 2017 $2.36; Mar 20, 2018 $2.06; Jun 19, 2018 $3.36; Sep 25, 2018 $4.46; Dec 27, 2018 $3.64; Mar 19, 2019 $2.98; Jun 25, 2019 $4.04; Sep 24, 2019 $3.50; Dec 23, 2019 $2.94; Mar 24, 2020 $0.82; Jun 23, 2020 $0.34; Sep 22, 2020 $0.44; Dec 22, 2020 $0.56; Mar 23, 2021 $0.85; Jun 22, 2021 $0.71; Sep 21, 2021 $0.68; Dec 21, 2021 $0.67; Mar 22, 2022 $0.89; Jun 22, 2022 $0.86; Sep 20, 2022 $1.19; Dec 20, 2022 $0.47; Mar 21, 2023 $0.36; Jun 21, 2023 $0.46; Sep 19, 2023 $0.46; Dec 21, 2023 $0.44; Mar 19, 2024 $0.56; Jun 25, 2024 $0.44; Sep 24, 2024 $0.49; Dec 23, 2024 $0.21; Mar 25, 2025 $0.48; Jun 24, 2025 $0.61; Sep 23, 2025 $0.49; Dec 23, 2025 $0.63; Mar 24, 2026 $0.40; Jun 23, 2026 $0.67. Use the arrow keys to read each point.2017201820192020202120222023202420252026YTD
Ex-datePay dateAmount per share
Jun 23, 2026Jun 30, 2026$0.67
Mar 24, 2026Mar 31, 2026$0.40
Dec 23, 2025Dec 31, 2025$0.63
Sep 23, 2025Sep 30, 2025$0.49
Jun 24, 2025Jul 1, 2025$0.61
Mar 25, 2025Apr 1, 2025$0.48
Dec 23, 2024Dec 31, 2024$0.21
Sep 24, 2024Oct 1, 2024$0.49
Jun 25, 2024Jul 2, 2024$0.44
Mar 19, 2024Mar 26, 2024$0.56
Dec 21, 2023Dec 29, 2023$0.44
Sep 19, 2023Sep 26, 2023$0.46

DPST Risk

This fund targets a multiple of the daily move of its index and resets daily. Hold it longer than one reset and compounding makes the return diverge from that target. In choppy markets it can lose value even when the index ends flat.

How much the fund’s monthly returns vary, scaled to a year.
77.1%
Annualised · 36 months to Aug 2026
How it’s calculated: standard deviation

The sample standard deviation of monthly total returns, multiplied by the square root of 12.

Uses up to 36 complete months, with at least 12 required. Total returns include reinvested distributions.

Return above 3-month US Treasury bills per unit of volatility.
0.60
vs 3-month T-bills · to Aug 2026
How it’s calculated: Sharpe ratio

Subtract each month’s Treasury-bill return from the fund’s monthly total return.

Divide the average of those excess returns by their sample standard deviation, then multiply by the square root of 12.

Uses up to 36 complete months, with at least 12 required. Each month uses the Treasury yield quoted at the end of the previous month.

The largest fall from a peak to the low that followed.
−94.0%
Trough May 2023
How it’s calculated: maximum drawdown

The largest percentage decline from an earlier peak, using total returns with reinvested distributions.

Uses up to five years through the last close, with at least 12 months required.

How strongly the fund’s returns move with its asset-class index.
3.22
vs its asset-class index
How it’s calculated: beta

The beta figure is supplied by FMP. The comparison index depends on the fund’s broad asset class.

DPST Cost

Expense ratio0.92%
  • The middle half of 3x Leveraged Long funds
  • Median 0.98%

1 of the 30 3x Leveraged Long funds charge less.

DPST costs $92.00 a year on $10,000. The median 3x Leveraged Long fund costs $98.50.