Direxion Daily Technology Bear 3X Shares (TECS)
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Learn moreETF Summary
The fund, under normal circumstances, invests at least 80% of the fund’s net assets in financial instruments, that, in combination, provide 3X daily inverse (opposite) or short exposure to the index or to ETFs that track the index, consistent with the fund’s investment objective. The index is provided by S&P Dow Jones Indices (the "index provider") and includes domestic companies from the technology sector. It is non-diversified.
Risk Overview
Risk Overview Information Not Available
Performance & Risk
| YTD Return | -61.88% |
| 5y Average Return | -54.22% |
|---|---|
| Rank in Category (ytd) | -- |
| % Rank in Category (ytd) | -- |
| Beta (5Y Monthly) | -3.44 |
| Morningstar Risk Rating | -- |
Risk Statistics
| 3 Years | 5 Years | 10 Years | ||||
|---|---|---|---|---|---|---|
| |
TECS | Category Average | TECS | Category Average | TECS | Category Average |
|
Alpha
|
-35.69 | -- | -33.65 | -- | -42.73 | -- |
|
BETA
|
-3.44 | -- | -3.55 | -- | -2.84 | -- |
|
Mean Annual Return
|
-7.35 | -- | -5.2 | -- | -6.32 | -- |
|
R-squared
|
59.89 | -- | 74.1 | -- | 62.68 | -- |
|
Standard Deviation
|
56.93 | -- | 65.32 | -- | 56.89 | -- |
|
Sharpe Ratio
|
-1.63 | -- | -1.02 | -- | -1.38 | -- |
|
Treynor Ratio
|
20.84 | -- | 17.57 | -- | 22.65 | -- |
