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Direxion Daily Technology Top 5 Bear 2X ETF

TTXDNYSE ArcaFThis 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.

$11.89+0.06 (+0.51%)

At close: Oct 13, 2026, 4:00 PM

F13/ 100

Rank 52 of 54 in Leveraged Inverse (2x & Other)

F13/100Rank 52 of 54inLeveraged Inverse (2x & Other)
Intraday session: up, 17 prints from 11.83 to 11.89. Range 11.88 to 12.04. Use the arrow keys to read each point.11.9512.0012.0510 AM12 PM2 PM4 PM
Expense ratio
8.36%
Fund size
$1M
1Y total return
−51.6%
Yield · Last 12 months
Data unavailable
Holdings
3
Avg volume · 30D
0M sh
NAV per share
$11.64
52W range
low $11.08high $42.32
Launched

The ETF.net TTXD Grade

Based on 4 of 6 pillars

F

Score 13 out of 100

Category
Leveraged Inverse (2x & Other)⁠
Rank
52 of 54
Six-pillar profile for TTXD. Scores out of 100: Cost 5, Risk 27, Mission not scored, Tradability 20, Holdings not scored, Durability 12. Strongest: Risk (27). Weakest: Cost (5). Based on 4 of 6 pillars.

Score 13 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
14
This cap took
−0
Published Score
13 Grade F

  • Cost

    The fund’s net expense ratio, ranked against its category.
    F5 out of 100
    Rank 51 of 54

  • 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.
    D27 out of 100
    Rank 46 of 53

  • Tradability

    How easy the fund is to trade: daily volume, and how far its price strays from net asset value.
    F20 out of 100
    Rank 52 of 54

  • 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.
    F12 out of 100
    Rank 54 of 54

Our read on TTXD

ETF.net Research

FMost bear funds short a whole index. TTXD aims for 200% of the inverse of the daily move of just the five biggest S&P 500 tech names: a doubled, one-day bet against megacap tech leadership, rebuilt every morning.

Stated mandate

The fund seeks daily investment results equal to 200% of the inverse performance of the S&P 500 Information Technology (Sector) Top 5 Equal Capped Index.

Why people hold it

  1. 01Surgical, not sector-wide: the target is 200% of the inverse of the daily move in an index of the S&P 500's five largest tech names, not the full tech sector.direxion.com
  2. 02Inverse exposure in a normal brokerage account: no margin, no stock borrow, no short-sale mechanics. It trades like any share, and your loss is capped at what you put in.direxion.com
  3. 03One job, stated plainly: a fixed -2x daily target against a named, published index (SPXTT5UP). No manager discretion to second-guess.direxion.com

Worth knowing

  1. 01Fees are the headline trade-off: an 8.36% expense ratio, many times what large leveraged bear funds such as PSQ (1.00%) charge, accruing daily.
  2. 02The daily reset compounds. Hold past one day, especially through choppy markets, and results can diverge widely from -2x the index's move over that stretch.direxion.com
  3. 03Launched October 2025, it remains a small, lightly traded fund. Small funds tend to carry wider bid-ask spreads and a real chance of being closed down.

TTXD Holdings

As of Oct 13, 2026
Asset class
Other
Holdings
3
Top-10 weight
263%
Largest holding
SPXTT5UP Swap Asset Leg (SPXTT5BCS)116.5%
The fund’s holdings, weight-ordered — page 1 of 1.
#TickerCompanyWeight %SharesMarket valueIn ETFs
001—SPXTT5UP Swap Asset Leg (SPXTT5BCS)116.53%-50$-770K1
002—SPXTT5UP Swap Asset Leg (SPXTT5MLS)90.89%-39$-601K1
003—SPXTT5UP Swap Asset Leg (SPXTT5CTS)55.93%-24$-370K1

Showing 1–3 of 3 holdings

TTXD Performance

Launched Oct 1, 2025

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.
TTXD$4,845
SPY tracks large US stocks. It provides market context, rather than representing this fund’s strategy, asset class or investment benchmark.$12,044
Oct 10, 2025 to Oct 12, 2026. TTXD $4,845. SPY $12,044. Use the arrow keys to read each point.$3,647$10,192$16,736Oct 2025Apr 2026Oct 2026

Oct 10, 2025 – Oct 12, 2026

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.

Trailing total return for TTXD. Periods over one year show the average yearly return.
PeriodTTXD
Year to date−55.6%
1 month−5.9%
3 months−17.1%
1 year−51.6%
3 yearsFund is under 3 years oldper year—
5 yearsFund is under 5 years oldper year—
10 yearsFund is under 10 years oldper 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 TTXD
YearReturn barTTXD
2026 YTD−55.6%
2025+13.7%

Since listing, Oct 1, 2025

TTXD in the news

Filtered to TTXD · Leveraged Inverse (2x & Other)

TTXD Dividends

Last payment
$0.24 per share
Paid on
Shares bought on or after this date do not qualify for this distribution.
Frequency
Quarterly

Distribution data unavailable.

Distribution history

2025–2026

One bar per payment. 5 payments from 2025 to 2026 YTD. Dec 10, 2025 $0.04; Dec 23, 2025 $0.18; Mar 24, 2026 $0.16; Jun 23, 2026 $0.16; Sep 22, 2026 $0.24. Use the arrow keys to read each point.20252026YTD
Ex-datePay dateAmount per share
Sep 22, 2026Sep 29, 2026$0.24
Jun 23, 2026Jun 30, 2026$0.16
Mar 24, 2026Mar 31, 2026$0.16
Dec 23, 2025Dec 31, 2025$0.18
Dec 10, 2025Dec 17, 2025$0.04

TTXD 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.
—
No data available
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.
—
No data available
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.
−72.7%
12 months · trough Oct 2026
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.
−3.67
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.

TTXD Cost

Expense ratio8.36%
  • The middle half of Leveraged Inverse (2x & Other) funds
  • Median 1.44%

49 of the 53 Leveraged Inverse (2x & Other) funds charge less.

TTXD costs $836.00 a year on $10,000. The median Leveraged Inverse (2x & Other) fund costs $144.00.

Other funds in Leveraged Inverse (2x & Other)

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