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Launched · SEC filings

Direxion Daily Transportation Bull 3X ETF

TPORNYSE ArcaDirexionDThis 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.

$35.05+1.74 (+5.22%)

At close: Nov 2, 2026, 4:00 PM ET

D32/ 100

Rank 24 of 31 in 3x Leveraged Long

D32/100Rank 24 of 31in3x Leveraged Long
Intraday session: up, 79 prints from 33.31 to 35.05. Range 34.47 to 35.59. Use the arrow keys to read each point.34.0034.5035.5010 AM12 PM2 PM4 PM
Expense ratio
0.99%*
Fund size
$17M
1Y total return
+19.5%
Yield · Last 12 months
0.86%
Holdings
50
Avg volume · 30D
15.4K sh
52W range
low $23.30high $46.82
Launched
Filings
SEC EDGAR

*After a fee waiver that ends Sep 1, 2027. Without it: 1.12%.

The ETF.net TPOR Grade

Based on 4 of 6 pillars

D

Score 32 out of 100

Category
3x Leveraged Long⁠
Rank
24 of 31
Six-pillar profile for TPOR. Scores out of 100: Cost 25, Risk 51, Mission not scored, Tradability 30, Holdings not scored, Durability 24. Strongest: Risk (51). Weakest: Durability (24). Based on 4 of 6 pillars.

Score 32 of 100 falls in the D band. A is 70 or higher, B 55 to under 70, C 40 to under 55, D 25 to under 40, F under 25.

  • Cost

    The fund’s net expense ratio, ranked against its category.
    D25 out of 100
    Rank 23 of 31

  • Mission

    Whether the fund did what it promised, tested against its stated mandate.
    Not scored

  • Risk

    How the fund held up when markets fell: downside volatility, drawdowns and tail loss.
    C51 out of 100
    Rank 15 of 30

  • Tradability

    How easy the fund is to trade: daily volume, and how far its price strays from net asset value.
    D30 out of 100
    Rank 25 of 31

  • Holdings

    How concentrated the fund is, and how complete and current its disclosed holdings are.
    Not scored

  • Durability

    Whether the fund is likely to stay open, judged by its age, its assets and its issuer’s assets.
    F24 out of 100
    Rank 27 of 31

Our read on TPOR

ETF.net Research

In short

DThe only 3x way to trade trucks, rails, airlines and parcels in one ticker. Since 2022 TPOR has tracked a capped S&P transportation index of about 50 names instead of the 20-stock Dow Transports, and its leverage resets every single day.

Stated mandate

The fund seeks daily investment results equal to 300% of the S&P Transportation Select Industry FMC Capped Index before fees and expenses. This objective applies for a single day, not as a three-times cumulative return over longer periods.

Why people hold it

  • Direxion's transportation slot is bull-only: TPOR is the lineup's single 3x ticker on rails, truckers, airlines and parcel carriers, with no bear twin beside it.direxion.com
  • Traded the 20-stock Dow Transports for S&P's capped transportation index in August 2022, spreading exposure across about 50 names with single-stock weight caps.sec.govspglobal.com
  • Costs 0.99% net of a waiver through September 1, 2027 (1.12% gross), near the 3x category median, though SOXL (0.75%, net of a waiver through September 1, 2027) runs cheaper.

Worth knowing

  • The 300% target applies to a single day. Hold longer and returns compound off each close, so multi-day results can drift well away from 3x the index move.sec.gov
  • One of the smaller and thinner-traded names in the 3x bull group, so spreads and depth matter more here than with the category's household tickers.
  • On cost, tradability and staying power it sits in the lower reaches of its 3x bull peer group.

TPOR Holdings

Asset class
Stocks
Holdings
50
Top-10 weight
89%
Largest holding
Sptscup Swap Asset Leg (Sptscubpl)25.6%

Sectors

  • Industrials84.1%
  • Technology15.9%

Geography

  • United States100.00%
The fund’s holdings, weight-ordered — page 1 of 4.
#TickerCompanyWeight %SharesMarket valueHeld by ETFs
1No dataSptscup Swap Asset Leg (Sptscubpl)25.60%1,854$13.8M1
2No dataSptscup Swap Asset Leg (Sptscujpl)22.10%1,600$11.9M1
3No dataSptscup Swap Asset Leg (Sptscuubl)16.53%1,197$8.91M1
4No dataDreyfus Govt Cash Man Ins7.36%3,965,441$3.97M105
5No dataSptscup Swap Asset Leg (Sptscuctl)4.96%359$2.67M1
6UNPUnion Pacific Corp4.33%7,728$2.33M414
7UBERUber Technologies Inc3.24%26,573$1.75M423
8CSXCsx Corp2.34%24,100$1.26M392
9UPSUnited Parcel Service-Cl B1.13%5,674$609K352
10NSCNorfolk Southern Corp1.11%1,741$596K264
11DALDelta Air Lines Inc1.08%7,148$584K343
12FDXFedex Corp1.04%1,821$561K335
13UALUnited Airlines Holdings Inc1.03%5,255$553K293
14ODFLOld Dominion Freight Line0.99%3,094$533K349
15EXPDExpeditors Intl Wash Inc0.82%2,220$440K324

Showing 1–15 of 50 holdings

TPOR Performance

Launched May 3, 2017

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

Not enough history yet.
TPOR$11,945
SPY tracks large US stocks. It provides market context, rather than representing this fund’s strategy, asset class or investment benchmark.$11,199
Oct 31, 2025 to Oct 30, 2026. TPOR $11,945. SPY $11,199. Use the arrow keys to read each point.$10,000$12,500$15,000Oct 2025Apr 2026Oct 2026

Oct 31, 2025 – Oct 30, 2026

Returns run to the Oct 30, 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 TPOR. Periods over one year show the average yearly return.
PeriodTPOR
Year to date+11.8%
1 month+10.4%
3 months−14.5%
1 year+19.5%
3 yearsper year+21.2%
5 yearsper year−6.3%
10 yearsFund is under 10 years oldper yearNo data

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 TPOR
YearReturn barTPOR
2026 YTD+11.8%
2025+3.2%
2024−9.1%
2023+54.5%

TPOR in the news

TPOR 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 Oct 30, 2026.
0.86%Last 12 months
Payout per share
$0.29Last 12 months
Last payment
$0.12 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. 26 payments from 2017 to 2026 YTD. Dec 13, 2017 $2.93; Mar 20, 2018 $0.04; Jun 19, 2018 $0.06; Sep 25, 2018 $0.07; Dec 27, 2018 $0.06; Mar 19, 2019 $0.08; Jun 25, 2019 $0.07; Sep 24, 2019 $0.07; Dec 23, 2019 $0.05; Mar 24, 2020 $0.01; Dec 22, 2020 $0.009; Mar 21, 2023 $0.20; Jun 21, 2023 $0.07; Sep 19, 2023 $0.10; Dec 21, 2023 $0.12; Mar 19, 2024 $0.15; Jun 25, 2024 $0.08; Sep 24, 2024 $0.14; Dec 23, 2024 $0.06; Mar 25, 2025 $0.09; Jun 24, 2025 $0.10; Sep 23, 2025 $0.05; Dec 23, 2025 $0.03; Mar 24, 2026 $0.09; Jun 23, 2026 $0.05; Sep 22, 2026 $0.12. Use the arrow keys to read each point.2017201820192020202120222023202420252026YTD
Ex-datePay dateAmount per share
Sep 22, 2026Sep 29, 2026$0.12
Jun 23, 2026Jun 30, 2026$0.05
Mar 24, 2026Mar 31, 2026$0.09
Dec 23, 2025Dec 31, 2025$0.03
Sep 23, 2025Sep 30, 2025$0.05
Jun 24, 2025Jul 1, 2025$0.10
Mar 25, 2025Apr 1, 2025$0.09
Dec 23, 2024Dec 31, 2024$0.06
Sep 24, 2024Oct 1, 2024$0.14
Jun 25, 2024Jul 2, 2024$0.08
Mar 19, 2024Mar 26, 2024$0.15
Dec 21, 2023Dec 29, 2023$0.12

See all 27 payments⁠

$10,000 in TPOR 5 years ago paid $253 in dividends.⁠

TPOR Risk

Risk pillarC51 out of 100Rank 15 of 30 in 3x Leveraged Long

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.
55.9%
Annualised · 36 months to Oct 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.
0.54
vs 3-month T-bills · to Oct 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.
−74.1%
Trough Apr 2025
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.
3.55
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.

FMP measures it over up to five years of monthly returns.

TPOR Cost

Compare TPOR and SOXL

Overpaying vs SOXL, cheapest in 3x Leveraged Long

$4,043

On $10,000 over 30 years. 7% growth a year before fees, expense ratio only.

  • TPOR 0.99%

    $18,525

  • SOXL 0.75% Cheapest

    $14,482

$10,000
30 years

Cost over time

  • TPOR 0.99%
  • SOXL 0.75%
  • Overpaying
One line per fund, from year 0 to year 30. Use the arrow keys to read each point.$0$5K$10K$15K$20K051015202530TPOR $18,525SOXL $14,482

Year by year

YearTPORSOXLOverpaying
10$1,746$1,336$410
20$6,565$5,078$1,487
30$18,525$14,482$4,043
How the 0.99% is worked out

Full fee 1.12%− waiver 0.13%= you pay 0.99%

The waiver ends Sep 1, 2027. After that the fee is 1.12% unless Direxion renews it. Source: prospectus, Mar 2026.

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