(TNA) Direxion Daily Small Cap - Overview
Etf: Swap Contracts, Index ETFs, Leveraged Exposure
Dividends
| Dividend Yield | 0.99% |
| Yield on Cost 5y | 0.37% |
| Yield CAGR 5y | 63.24% |
| Payout Consistency | 47.8% |
| Payout Ratio | - |
| Risk 5d forecast | |
|---|---|
| Volatility | 65.2% |
| Relative Tail Risk | -2.45% |
| Reward TTM | |
|---|---|
| Sharpe Ratio | 0.59 |
| Alpha | -17.98 |
| Character TTM | |
|---|---|
| Beta | 3.102 |
| Beta Downside | 3.013 |
| Drawdowns 3y | |
|---|---|
| Max DD | 65.78% |
| CAGR/Max DD | 0.19 |
Description: TNA Direxion Daily Small Cap January 14, 2026
The Direxion Daily Small-Cap Bull 3X Shares (NYSE ARCA: TNA) seeks to deliver three times the daily return of the Russell 3000 Small-Cap Index by using swaps, index securities and ETFs. At least 80 % of its net assets are allocated to these leveraged instruments, and the fund is classified as a non-diversified, leveraged-equity ETF.
Key metrics to watch: an expense ratio of 0.95 %, average 30-day NAV volatility around 45 % (significantly higher than un-leveraged small-cap ETFs), and a typical daily trading volume exceeding 10 million shares, which helps mitigate liquidity-related slippage. Performance is highly sensitive to macro drivers such as U.S. GDP growth and monetary policy, because small-cap earnings tend to fluctuate more with changes in consumer spending and credit conditions.
For a deeper, data-driven breakdown of TNA’s risk-adjusted returns and scenario analysis, you may find the tools on ValueRay useful.
What is the price of TNA shares?
Over the past week, the price has changed by +5.53%, over one month by +8.76%, over three months by +28.42% and over the past year by +23.18%.
Is TNA a buy, sell or hold?
What are the forecasts/targets for the TNA price?
| Issuer | Target | Up/Down from current |
|---|---|---|
| Wallstreet Target Price | - | - |
| Analysts Target Price | - | - |
| ValueRay Target Price | 61.2 | 10.3% |
TNA Fundamental Data Overview February 04, 2026
EBIT TTM = 0.0 USD
EBITDA TTM = 0.0 USD
Long Term Debt = unknown (none)
Short Term Debt = unknown (none)
Debt = unknown
Net Debt = unknown
Enterprise Value = 1.68b USD (1.68b + (null Debt) - (null CCE))
Interest Coverage Ratio = unknown (Ebit TTM 0.0 / Interest Expense TTM 0.0)
EV/FCF = unknown (FCF TTM 0.0)
FCF Yield = 0.0% (FCF TTM 0.0 / Enterprise Value 1.68b)
FCF Margin = unknown (Revenue TTM is 0 or missing)
Net Margin = unknown
Gross Margin = unknown ((Revenue TTM 0.0 - Cost of Revenue TTM 0.0) / Revenue TTM)
Tobins Q-Ratio = unknown (Enterprise Value 1.68b / Total Assets none)
Interest Expense / Debt = unknown (Interest Expense 0.0 / Debt none)
Taxrate = 21.0% (US default 21%)
NOPAT = 0.0 (EBIT 0.0 * (1 - 21.00%))
Current Ratio = unknown (Total Current Assets none / Total Current Liabilities none)
Debt / Equity = unknown (Debt none)
Debt / EBITDA = unknown (Net Debt none / EBITDA 0.0)
Debt / FCF = unknown (Net Debt none / FCF TTM 0.0)
Total Stockholder Equity = 0.0 (from calculated bookValueOfEquity)
RoA = unknown (Net Income 0.0 / Total Assets none)
RoE = unknown (Net Income TTM 0.0 / Total Stockholder Equity 0.0)
RoCE = unknown (EBIT 0.0 / Capital Employed )
RoIC = unknown (NOPAT 0.0, Invested Capital 0.0, EBIT 0.0)
WACC = 17.35% (E(1.68b)/V(1.68b) * Re(17.35%) + (debt-free company))
Discount Rate = 17.35% (= CAPM, Blume Beta Adj.)
Fair Price DCF = unknown (Cash Flow 0.0)