Direxion Daily Semiconductors Top 5 Bear 2X ETF
FThis 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.
$5.24+0.11 (+2.06%)
- 9.79%
- $2M
- −75.9%
- 0.1M sh
- $4.89
- low $4.32high $22.65
The ETF.net TSXD Grade
F
Score 11 out of 100
- 53 of 54
Score 11 of 100 falls in the F band. A is 70 or higher, B 55 to under 70, C 40 to under 55, D 25 to under 40, F under 25.
Very small fund, grade capped at C.
The cap holds the Score at 40 or below, so B and A are out of reach.
- The pillars earned
- 11
- This cap took
- −0
- Published Score
- 11
Cost
The fund’s net expense ratio, ranked against its category.F2 out of 100Rank 53 of 54Mission
Whether the fund did what it promised, tested against its stated mandate.Risk
How the fund held up when markets fell: downside volatility, drawdowns and tail loss.F11 out of 100Rank 52 of 53Tradability
How easy the fund is to trade: daily volume, and how far its price strays from net asset value.D29 out of 100Rank 45 of 54Holdings
How concentrated the fund is, and how complete and current its disclosed holdings are.Durability
Whether the fund is likely to stay open, judged by its age, its assets and its issuer’s assets.F15 out of 100Rank 53 of 54
Our read on TSXD
FMost chip bear funds short the whole semiconductor index. TSXD aims for -2x the daily move of just five names, equal weighted: the sector's biggest. A single-day tactical instrument, about as concentrated as inverse chip exposure gets.
The fund seeks daily investment results equal to -200% of the performance of the NYSE Semiconductor Top 5 Equal Weight Index, before fees and expenses. Its objective applies for a single day.
Why people hold it
- One ticker, five chip giants: TSXD seeks -200% of the index's daily move, equal weighted, rather than shorting five stocks separately.direxion.com
- Each of the five sits at 20%, reset every quarter, and the index swaps in a new name if a company drops out of the top five by market cap.direxion.com
- It has a mirror twin: TSXU runs the same index at +2x daily, so the same basket is available from either side.direxion.com
Worth knowing
- The -200% objective applies to a single day. Hold longer and daily resets plus compounding can push results well away from -2x the index's move over that stretch.direxion.com
- Costs run high: the stated expense ratio is several times the roughly 1% typical for leveraged and inverse funds, though the adviser has an operating expense limit in place.direxion.com
- Launched in 2025, it is still a small fund with light trading volume, so bid-ask spreads and order type matter more here than with the largest inverse ETFs.
TSXD Holdings
- Other
- 3
- 254%
- Semiew Swap Asset Leg (Semiewmls)
TSXD Performance
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.Not enough history yet.Not enough history yet.
TSXD$2,407
Returns run to the Oct 12, 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.
| Period | TSXD |
|---|---|
| Year to date | −71.2% |
| 1 month | −0.5% |
| 3 months | −4.3% |
| 1 year | −75.9% |
| 3 years | — |
| 5 years | — |
| 10 years | — |
Calendar-year total return with cash distributions hypothetically reinvested at the ex-dividend date’s closing price. The current year shows year to date.
| Year | Return bar | TSXD |
|---|---|---|
| 2026 YTD | −71.2% | |
| 2025 | −22.9% |
TSXD in the news
TSXD Dividends
- $0.06 per share
- Quarterly
Distribution data unavailable.
Distribution history
TSXD 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 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.
- —
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.
- −81.1%
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.
- −3.62
How it’s calculated: beta
The beta figure is supplied by FMP. The comparison index depends on the fund’s broad asset class.
TSXD Cost
9.79%
TSXD9.79%
- The middle half of Leveraged Inverse (2x & Other) funds
- Median 1.44%
51 of the 53 Leveraged Inverse (2x & Other) funds charge less.
Other funds in Leveraged Inverse (2x & Other)
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- FSMNProShares - UltraShort MaterialsExpense ratio 8.37%1 year return −23.4%
- FEFUProShares - UltraShort MSCI EAFEExpense ratio 7.29%1 year return −24.2%
- FSDDProShares - UltraShort SmallCap600Expense ratio 4.67%1 year return −31.3%
- FTTXDDirexion Daily Technology Top 5 Bear 2X ETFExpense ratio 8.36%1 year return −51.6%