TECS

Direxion Daily Technology Bear 3X Shares
*Unless otherwise stated, data provided by FactSet.

TECS Fund Description

The Direxion Daily Technology Bear ETF provides 3x leveraged inverse exposure to a market-cap-weighted index of US large-cap technology companies.

TECS Factset Analytics Insight

TECS offers investors a means of playing out their bearish bets on the technology sector. The fund provides -3x exposure to the S&P Technology Select Sector Index—a market-cap-weighted index of US tech companies selected from the S&P 500. TECS tracks the exact same index as XLK—the Technology Select Sector SPDR ETF. That makes it a narrow bet against the highly concentrated tech sector, with Microsoft, Apple, and Alphabet comprising a huge fraction of the index. Unlike XLK, TECS is designed to be a short-term trading vehicle—not a long-term investment. TECS rebalances its exposure on a daily basis. As a result, the fund's long-term returns are difficult to predict due to compounding and path dependency. As a result, most traders will be willing to overlook the fund's steep fee. TECS trades reasonably well, with decent daily volume and modest spreads.

TECS CHARTS AND PERFORMANCE

  • 1 Month
  • 3 Months
  • YTD
  • 1 Year
  • 3 Years
  • 5 Years
  • Max
COMPARE
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Select ETFs to compare their performance:
PERFORMANCE [as of 07/18/18] 1 MONTH 3 MONTHS YTD 1 YEAR 3 YEARS 5 YEARS 10 YEARS
TECS -4.57% -20.80% -40.27% -59.21% -51.02% -49.53% --
TECS (NAV) -4.65% -20.88% -40.45% -59.22% -50.99% -49.54% --
S&P Technology Select Sector Index 1.40% 7.64% 14.84% 29.50% 21.00% 20.19% --
N/A -- -- -- -- -- -- --
All returns over 1 year are annualized. All returns are total returns unless otherwise stated.

TECS Summary Data

Direxion
12/17/08
Open-Ended Fund
1.10%
$30.77M
0.08%

TECS Portfolio Data

0.27%
09/25/18

TECS Index Data

Market Cap
Committee
N/A

TECS Fund Structure

Yes
No
No Policy
N/A
N/A
High
-3
Daily

TECS Tax Exposures

20.00% / 39.60%
--
No
Bats Book Viewer
TOP OF BOOK
LAST 10 TRADES
Bats BZX Real-time Quote -
Daily Spread
Premium/Discount
Volume

TECS Factset Analytics Block Liquidity

As of 07/19/18
5
4
3
2
1

This measurement shows how easy it is to trade a $1 million USD block of TECS. TECS is rated a 5 out of 5.

TECS Tradability

162,628
$3.71M
151,191
$3.34M
0.08%
$0.02
0.02%
0.34% / -1.03%
None
0.00%
50,000
3.02
0.00%
0.02%
4,937
$20.55
5