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ETFs

Direxion Daily Small Cap Bull 3x Shares

TNA
$--
Today’s Change
-- (--)

Snapshot
*

Inception Date
Nov 05 2008
Expense Ratio
0.91%
Type
US Equities
Fund Owner
Direxion Shares
Volume (1m avg. daily)
$276,928,574
AUM
$1,174,480,885
Associated Index
Russell 2000 Index
Inverse/Leveraged
Leveraged (3x)
Passive/Active
Passive
Fractionable on Composer
Yes
Prospectus
View

Top 10 Holdings

IWM
BlackRock Institutional Trust Company N.A. - iShares Russell 2000 ETF
20.24%
n/a
DREYFUS GOVT CASH MAN INS
4.90%
n/a
GOLDMAN FINL SQ TRSRY INST 506
3.72%
n/a
GOLDMAN SACHS FIN GOV 465 INSTITUT
0.29%
Invest with TNA

What is TNA?

The Small Cap Bull 3X ETF seeks daily investment results before fees and expenses of 300% of the price performance of the Russell 2000 Index (Small Cap Index). There is no guarantee the fund will meet its stated investment objective.

ETFs related toTNA

ETFs correlated to TNA include VTWO, URTY, IWM

TNA
Direxion Shares ETF Trust - Direxion Dialy Small Cap Bull 3X Shares
VTWO
Vanguard Group, Inc. - Vanguard Russell 2000 Index ETF
URTY
ProShares Trust - ProShares UltraPro Russell2000 3x Shares
IWM
BlackRock Institutional Trust Company N.A. - iShares Russell 2000 ETF
UWM
ProShares Trust - ProShares Ultra Russell 2000 2X Shares
SCHA
Schwab Strategic Trust - Schwab U.S. Small-Cap ETF
ESML
BlackRock Institutional Trust Company N.A. - iShares ESG Aware MSCI USA Small-Cap ETF
BBSC
J.P. Morgan Exchange-Traded Fund Trust - JPMorgan BetaBuilders U.S. Small Cap Equity ETF
PRFZ
Invesco Capital Management LLC - Invesco FTSE RAFI US 1500 Small-Mid ETF
NUSC
Nuveen Fund Advisors LLC - Nuveen ESG Small-Cap ETF
SMMD
BlackRock Institutional Trust Company N.A. - iShares Russell 2500 ETF

What is ETF correlation?

Correlation is a measure of the strength of the relationship between two ETFs. It quantifies the degree to which prices of the two ETFs typically move together.

Here, correlation is measured over the past year with the Pearson correlation coefficient (Pearon’s r), which ranges from -1 to 1.

Using ETF correlations in portfolio and strategy construction

ETF correlations can help you create investing strategies and portfolios. Use them to:

  • •Build a diversified portfolio from uncorrelated or inversely correlated ETFs with the aim of minimizing portfolio risk.
  • •Compare correlated or related ETFs to find one with a lower expense ratio or higher trading volume.
  • •Create an investing strategy that hedges an ETF with an uncorrelated or inversely correlated ETF.

Automated Strategies
Related toTNA

#SPYMIN

SPY minimum drawdown

Category

Community

Risk Rating

Aggressive

Create your own algorithmic trading strategy with TNA using Composer

FAQ

TNA is a US Equities ETF. The Small Cap Bull 3X ETF seeks daily investment results before fees and expenses of 300% of the price performance of the Russell 2000 Index (Small Cap Index). There is no guarantee the fund will meet its stated investment objective.

TNA tracks the Russell 2000 Index.

No, TNA is not actively managed. It is passively managed. In an actively managed fund, the fund manager makes decisions about how funds are invested. A passively managed fund typically tries to track or follow a market index.

Yes, TNA is passively managed. A passively managed fund typically tries to track or follow a market index. In an actively managed fund, the fund manager makes decisions about how funds are invested.

The 1-month return on TNA is -0.107%. This is the percent change in the value of TNA over the most recent 1-month period. The 3-month return on TNA is -0.0958%. This is the percent change in the value of TNA over the most recent 3-month period.

The standard deviation of TNA for the past year is 0.6542%. Standard deviation is the typical amount that the daily returns vary from the mean of the returns over the time period, standardized to a period of a year.

ETFs similar to TNA include KJUL, KOCT, and KAPR.

ETFs correlated to TNA include VTWO, URTY, and IWM.

ETFs that are inversely correlated to TNA include TZA, SRTY, and TWM.

Yes, TNA is a Leveraged (3x) ETF: This means that TNA will try to match the performance of Russell 2000 Index, but with 3x the returns.

Yes, TNA is a Leveraged (3x) leveraged ETF: This means that {characteristics.Identifier} will try to match the performance of Russell 2000 Index, but move 3x in the opposite direction.

Disclaimers

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We show information directly obtained from our data provider, Xignite. Data shown here is provided by Xignite, an unaffiliated third party. Composer believes the information shown here is reliable, but has not been verified and there is no guarantee that the information is accurate.

**

We show information based on calculations performed by Composer using data from our provider. Information provided here is based on calculations performed by Composer using data sourced from Xignite, an unaffiliated third party. Composer believes this information is reliable, but has not verified the data and there is no guarantee that the calculations are accurate.