TSXD ETF — Direxion Daily Semiconductors Top 5 Bear 2X ETF

Direxion Daily Semiconductors Top 5 Bear 2X ETF (TSXD)

Updated October 16, 2026.

TSXD is an ETF linked to Semiconductors Top 5. its distribution rate is 3.94%, its trailing-12-month yield is 6.04%, its expense ratio is 0.99%. Total return is -73.3% over the past year, 88.7 points behind SPY at 15.4%.

Direxion Daily Semiconductors Top 5 Bear 2X is an ETF that provides daily inverse exposure to the five largest U.S.-listed semiconductor companies, using financial instruments such as swap agreements and futures contracts to achieve its objective. The fund carries a modest expense ratio and distributes quarterly at a current modest distribution rate. It appeals to traders and investors seeking short-term bearish exposure to the semiconductor sector, though its leveraged structure and non-diversified composition make it suitable only for sophisticated investors with high risk tolerance.

TSXD performance versus SPY

Price and return data through 2026-10-16.

Total return is -73.3% over the past year, 88.7 points behind SPY at 15.4%. Its deepest 1-year drawdown was 79.1%.

TSXD key facts

Issuer

Direxion

Asset type

ETF

Asset class

Equity

Inception date

09/30/2025

Expense ratio

0.99%

Distribution rate

3.94%

Distribution frequency

Quarterly

Trailing yield

6.04%

Last close

$6.19 (as of 2026-10-16)

AUM

$1,710,676

Average volume

48702.0

Dividend

$0.061

Ex-dividend date

09/22/2026

Payment date

09/29/2026

Beta

-4.8334

How Dividend Vision calculates yield and returns

Distribution rate (3.94%) uses calculation basis unavailable. Issuer rates can use a different denominator and date, including ex-date NAV. Trailing-12-month yield (6.04%) 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: Semiconductors Top 5; 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.

TSXD risks and drawbacks

TSXD'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 79.1%.

Who may consider TSXD — and who may not

TSXD may suit someone looking for moderate current income with a quality tilt. It is a weaker fit for investors who need monthly cash flow (TSXD 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 TSXD

• All tickers starting with T

Tagged: Leverage, Short.

Frequently asked questions

More securities from Direxion.