{
 "ticker": "DPST",
 "name": "Direxion Daily Regional Banks Bull 3X ETF",
 "issuer": "Direxion",
 "desk": "leverage",
 "url": "https://etfiq.com/funds/DPST",
 "html": "https://etfiq.com/funds/DPST",
 "markdown": "https://etfiq.com/funds/DPST.md",
 "as_of": "2026-09-11",
 "verdict": "Three months to Sep 11, 2026: DPST returned \u22120.7% where its own daily promise gave +1.6%, 2.2 points short.",
 "key_facts": [
  {
   "key": "what_kre_did",
   "label": "What KRE did",
   "value": "+1.3%",
   "source": null,
   "as_of": "2026-09-11",
   "sentence": "DPST, what KRE did: +1.3%, as of Sep 11, 2026."
  },
  {
   "key": "what_3_times_a_day_gives",
   "label": "What +3 times a day gives",
   "value": "+1.6%",
   "source": null,
   "as_of": "2026-09-11",
   "sentence": "DPST, what +3 times a day gives: +1.6%, as of Sep 11, 2026."
  },
  {
   "key": "what_the_fund_returned",
   "label": "What the fund returned",
   "value": "\u22120.7%",
   "source": null,
   "as_of": "2026-09-11",
   "sentence": "DPST, what the fund returned: \u22120.7%, as of Sep 11, 2026."
  },
  {
   "key": "the_fund_itself_cost",
   "label": "The fund itself cost",
   "value": "\u22122.3 pts",
   "source": null,
   "as_of": "2026-09-11",
   "sentence": "DPST, the fund itself cost: \u22122.3 pts, as of Sep 11, 2026."
  },
  {
   "key": "net_assets",
   "label": "Net assets",
   "value": "$496m",
   "source": "source, as filed for Apr 30, 2026",
   "as_of": "2026-09-11",
   "sentence": "DPST, net assets: $496m (source, as filed for Apr 30, 2026)."
  },
  {
   "key": "expense_ratio",
   "label": "Expense ratio",
   "value": "0.92%",
   "source": "485BPOS XBRL, Feb 26, 2026",
   "as_of": "2026-09-11",
   "sentence": "DPST, expense ratio: 0.92% (485BPOS XBRL, Feb 26, 2026)."
  }
 ],
 "fields": [
  {
   "key": "sets_out_to_return",
   "label": "Sets out to return",
   "value": "+3 times the daily move of KRE, reset daily",
   "source": null
  },
  {
   "key": "multiple_a_holder_actually_got_over_the_window",
   "label": "Multiple a holder actually got over the window",
   "value": "KRE moved +1.3% over this window, too little to read a multiple from",
   "source": "ETFIQ"
  },
  {
   "key": "underlying",
   "label": "Underlying",
   "value": "KRE",
   "source": null
  },
  {
   "key": "segment",
   "label": "Segment",
   "value": "sector or country, sector",
   "source": null
  },
  {
   "key": "net_assets",
   "label": "Net assets",
   "value": "$496m",
   "source": "source, as filed for Apr 30, 2026"
  },
  {
   "key": "expense_ratio",
   "label": "Expense ratio",
   "value": "0.92%",
   "source": "485BPOS XBRL, Feb 26, 2026"
  },
  {
   "key": "launched",
   "label": "Launched",
   "value": "Aug 19, 2015",
   "source": null
  },
  {
   "key": "underlying_volatility_over_the_window",
   "label": "Underlying volatility over the window",
   "value": "17% annualized",
   "source": "ETFIQ"
  }
 ],
 "periods": [
  {
   "window": "1 month",
   "Fund": "\u221214.1%",
   "KRE": "\u22124.5%",
   "+3x the move": "\u221213.5%",
   "Difference": "\u22120.6 pts",
   "KRE moved about": "15%"
  },
  {
   "window": "3 months",
   "Fund": "\u22120.7%",
   "KRE": "+1.3%",
   "+3x the move": "+3.8%",
   "Difference": "\u22124.4 pts",
   "KRE moved about": "17%"
  },
  {
   "window": "6 months",
   "Fund": "+51.1%",
   "KRE": "+18.4%",
   "+3x the move": "+55.4%",
   "Difference": "\u22124.2 pts",
   "KRE moved about": "19%"
  },
  {
   "window": "1 year",
   "Fund": "+22.7%",
   "KRE": "+16.1%",
   "+3x the move": "+48.2%",
   "Difference": "\u221225.5 pts",
   "KRE moved about": "22%"
  },
  {
   "window": "3 years",
   "Fund": "+127.2%",
   "KRE": "+84.1%",
   "+3x the move": "+252.4%",
   "Difference": "\u2212125.2 pts",
   "KRE moved about": "28%"
  },
  {
   "window": "Since launch",
   "Fund": "\u221280.1%",
   "KRE": "+126.3%",
   "+3x the move": "not meaningful over this window",
   "Difference": "not meaningful over this window",
   "KRE moved about": "31%"
  }
 ],
 "questions": [
  {
   "q": "Did DPST return +3 times KRE?",
   "a": "Over the window to Sep 11, 2026, KRE moved +1.3% and DPST returned \u22120.7%. 3 times that move is +3.8%, so the fund came out 4.4 points short of it."
  },
  {
   "q": "Why does DPST not return +3 times over a year?",
   "a": "Because it resets daily. DPST aims at +3 times each day's move, and daily results compound. Over a run where the underlying falls and comes back, compounding a levered daily return leaves a holder behind what +3 times the period move would suggest; over a steady run in one direction it can leave them ahead. The longer the holding, and the more the underlying moves about, the further apart the two figures get."
  }
 ],
 "generated": "2026-09-13",
 "license": "Free to use with attribution. ETFIQ (etfiq.com)."
}