{"url":"https://etfiq.com/compare/leverage/tna-vs-urty","section":"compare","title":"TNA vs URTY: which held to its multiple? | ETFIQ","description":"TNA sets out to return +3 times IWM each day and URTY +3 times. Over the three months to Sep 30, 2026 they finished \u22121.5 pts and \u22121.6 pts away.","as_of":"Sep 30, 2026","structured_data":[{"@type":"FAQPage","mainEntity":[{"@type":"Question","name":"Which came closer to its stated multiple, TNA or URTY?","acceptedAnswer":{"@type":"Answer","text":"Over the window to Sep 30, 2026, TNA finished 1.5 points from what its multiple implies and URTY finished 1.6 points from its own, so TNA came closer. Neither figure predicts the next window: it depends on how much the underlying moves about."}},{"@type":"Question","name":"Are TNA and URTY levered on the same thing?","acceptedAnswer":{"@type":"Answer","text":"Yes. Both are levered on the Russell 2000, TNA at +3 times and URTY at +3 times the daily move."}},{"@type":"Question","name":"Which one decays faster, TNA or URTY?","acceptedAnswer":{"@type":"Answer","text":"Decay follows how much the underlying moves about. Over this window TNA\u2019s moved at 13% annualized and URTY\u2019s at 13%, so TNA has the rougher ride and, at the same multiple, loses more to compounding."}},{"@type":"Question","name":"Can I hold TNA or URTY for a year?","acceptedAnswer":{"@type":"Answer","text":"Both reset every day, so the multiple in the name applies to a single day and the daily results compound. Over a year the total is not the multiple times the year\u2019s move, and in a market that falls and comes back it is reliably less. ETFIQ makes no recommendation either way."}},{"@type":"Question","name":"Which is cheaper, TNA or URTY?","acceptedAnswer":{"@type":"Answer","text":"TNA charges 1.05% a year and URTY charges 0.95%, so URTY is cheaper. Fees come from each fund's prospectus."}}]},{"@type":"BreadcrumbList","itemListElement":[{"@type":"ListItem","position":1,"name":"ETFIQ","item":"https://etfiq.com/"},{"@type":"ListItem","position":2,"name":"Leveraged ETFs","item":"https://etfiq.com/leverage/"},{"@type":"ListItem","position":3,"name":"TNA vs URTY","item":"https://etfiq.com/compare/leverage/tna-vs-urty"}]},{"@type":"WebPage","name":"TNA vs URTY: which held to its multiple?","description":"TNA sets out to return +3 times IWM each day and URTY +3 times. Over the three months to Sep 30, 2026 they finished \u22121.5 pts and \u22121.6 pts away.","url":"https://etfiq.com/compare/leverage/tna-vs-urty","dateModified":"2026-09-30","abstract":"Over the days both have traded, TNA finished 1.5 points from its stated multiple and URTY 1.6.","publisher":{"@id":"https://etfiq.com/#org"},"isPartOf":{"@id":"https://etfiq.com/#website"},"speakable":{"@type":"SpeakableSpecification","cssSelector":[".verdict",".faq"]}},{"@type":"Dataset","name":"ETFIQ comparison of TNA and URTY","description":"TNA sets out to return +3 times IWM each day and URTY +3 times. Over the three months to Sep 30, 2026 they finished \u22121.5 pts and \u22121.6 pts away.","dateModified":"2026-09-30","creator":{"@id":"https://etfiq.com/#org"},"isAccessibleForFree":true,"url":"https://etfiq.com/compare/leverage/tna-vs-urty","license":"https://etfiq.com/standards/","publisher":{"@id":"https://etfiq.com/#org"},"inLanguage":"en","creativeWorkStatus":"Published","distribution":[{"@type":"DataDownload","encodingFormat":"application/json","contentUrl":"https://etfiq.com/data/leverage.json"}],"variableMeasured":["Stated multiple","Underlying return","What the stated multiple implies","Fund total return","Difference against the label","Volatility of the underlying","Expense ratio"],"keywords":["exchange-traded funds","ETF","Leveraged ETFs","fund data","SEC filings"]}],"characters":6597,"truncated":true,"content":"ETFIQ / Leveraged ETFs / Head to head / TNA vs URTY \n ETFIQ etfiq.com \u00b7 independent ETF data \n\n Data as of Sep 30, 2026 .\n\n TNA vs URTY: which held to its multiple?\n\n Over the days both have traded, TNA finished 1.5 points from its stated multiple and URTY 1.6.\n Copy this for sharing \n \n Direxion Daily Small Cap Bull 3X ETF and ProShares UltraPro Russell2000.\n\n Download as PDF \n\n \u221222.3% TNA returned, 3 months \n \u221222.3% URTY returned, 3 months \n \u22121.5 pts TNA from its stated multiple \n \u22121.6 pts URTY from its stated multiple \n\n ETFIQ Decay Resistance Score: TNA scores higher\n Did it keep up with i","source":"ETFIQ, independent ETF data. Recomputed nightly from public filings and prices.","publisher":{"@id":"https://etfiq.com/#org","name":"ETFIQ","url":"https://etfiq.com"},"license":"https://etfiq.com/license/","citation":"ETFIQ, as of Sep 30, 2026. https://etfiq.com/compare/leverage/tna-vs-urty","a":{"ticker":"TNA","name":"Direxion Daily Small Cap Bull 3X ETF","issuer":"Direxion","desk":"leverage","as_of":"2026-09-30","verdict":"Three months to Sep 30, 2026: TNA returned \u221222.3% where its own daily promise gave \u221220.4%, 1.9 points short.","url":"https://etfiq.com/funds/tna","key_facts":[{"label":"What IWM did","value":"\u22126.9%","as_of":"2026-09-30","source":null},{"label":"What 3 times a day gives","value":"\u221220.4%","as_of":"2026-09-30","source":null},{"label":"What the fund returned","value":"\u221222.3%","as_of":"2026-09-30","source":null},{"label":"The fund itself cost","value":"\u22121.9 pts","as_of":"2026-09-30","source":null},{"label":"Net assets","value":"$1.3bn","as_of":"2026-09-30","source":"issuer page, as of Sep 30, 2026"},{"label":"Expense ratio","value":"1.05%","as_of":"2026-09-30","source":"485BPOS XBRL, Feb 26, 2026"}]},"b":{"ticker":"URTY","name":"ProShares UltraPro Russell2000","issuer":"ProShares","desk":"leverage","as_of":"2026-09-30","verdict":"Three months to Sep 30, 2026: URTY returned \u221222.3% where its own daily promise gave \u221220.4%, 1.9 points short.","url":"https://etfiq.com/funds/urty","key_facts":[{"label":"What IWM did","value":"\u22126.9%","as_of":"2026-09-30","source":null},{"label":"What 3 times a day gives","value":"\u221220.4%","as_of":"2026-09-30","source":null},{"label":"What the fund returned","value":"\u221222.3%","as_of":"2026-09-30","source":null},{"label":"The fund itself cost","value":"\u22121.9 pts","as_of":"2026-09-30","source":null},{"label":"Net assets","value":"$271m","as_of":"2026-09-30","source":"issuer page, as of Sep 30, 2026"},{"label":"Expense ratio","value":"0.95%","as_of":"2026-09-30","source":"485BPOS XBRL, Sep 25, 2026"}]},"overlap_pct":null,"overlap_note":"ETFIQ does not publish a holdings overlap for this pair. Either the funds are not compared on holdings, or one book is incomplete.","full_text_at":"https://etfiq.com/compare/leverage/tna-vs-urty"}