TNA ETF — Direxion Daily Small Cap Bull 3X Shares

Direxion Daily Small Cap Bull 3X Shares (TNA)

Updated October 16, 2026.

TNA is an ETF linked to Small Cap. its distribution rate is 0.32%, its trailing-12-month yield is 0.34%, its expense ratio is 1.05%. Dividend Vision Distribution Safety Score™ is 14/100 (High risk). Total return is 422.9% over the past 17.9 years, 576.5 points behind SPY at 999.4%.

Direxion Daily Small Cap Bull 3X Shares is an ETF that seeks to deliver three times the daily performance of the Russell 2000 Index, which measures approximately 2,000 small-capitalization companies, through leveraged financial instruments including swaps and other ETFs. The fund carries a modest distribution rate paid quarterly and has an expense ratio of 1.05%, reflecting the costs of its leveraged strategy. This ETF appeals to traders and active investors seeking short-term leveraged exposure to small-cap equities, though the daily reset mechanism of leveraged funds means they may not track the index's long-term returns.

TNA performance versus SPY

Price and return data through 2026-10-16.

Total return is 422.9% over the past 17.9 years, 576.5 points behind SPY at 999.4%. Over the past year its total return — price change plus distributions reinvested — is 13.8%. Its deepest 1-year drawdown was 32.5%.

TNA key facts

Distribution Safety Score™

14 · High risk

Safety-Adjusted Yield

0.04%

Issuer

Direxion

Asset type

ETF

Asset class

Equity

Inception date

11/05/2008

Expense ratio

1.05%

Distribution rate

0.32%

Distribution frequency

Quarterly

Trailing yield

0.34%

Last close

$52.71 (as of 2026-10-16)

AUM

$1,316,380,139

Average volume

7002692.0

Dividend

$0.042

Ex-dividend date

09/22/2026

Payment date

09/29/2026

Beta

3.88

How Dividend Vision calculates yield and returns

Distribution rate (0.32%) uses calculation basis unavailable. Issuer rates can use a different denominator and date, including ex-date NAV. Trailing-12-month yield (0.34%) is the sum of split-adjusted cash distributions with ex-dates in the last 12 months, divided by the published price. It lags a recent raise or cut. Total return uses split-adjusted close with distributions reinvested on the ex-dividend date (a modeling convention, not the cash-settlement date) from the first stored bar on or after inception through the latest bar, compared with the same window on the benchmark. That is the security's total return, not your personal gain/loss.

Yield and safety methodology · Distribution rate methodology · Distribution Safety Score methodology

Sources and review

Primary sources: Direxion; Index: Small Cap; prices and distributions from Dividend Vision, derived from vendor EOD data.

Reviewed by Bert Sweet, CEO and Co-owner of Dividend Vision. Methodology: Distribution Safety Score.

TNA risks and drawbacks

TNA's current distribution rate is moderate, not a high-yield payout — the strategy is dividend quality more than maximum income. Payments are quarterly, so cash flow is lumpy versus a monthly fund. Total return has trailed SPY over the available window. The deepest 1-year drawdown on record here is 32.5%.

Who may consider TNA — and who may not

It is a weaker fit for investors who need monthly cash flow (TNA pays quarterly); investors hunting double-digit covered-call yields; investors whose main goal is matching SPY total return. This is educational context, not a recommendation to buy or sell.

More on TNA

• All tickers starting with T

Tagged: Small Caps, Leverage.

Frequently asked questions

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