{
 "ticker": "TPOR",
 "name": "Direxion Daily Transportation Bull 3X ETF",
 "issuer": "Direxion",
 "desk": "leverage",
 "url": "https://etfiq.com/funds/TPOR",
 "html": "https://etfiq.com/funds/TPOR",
 "markdown": "https://etfiq.com/funds/TPOR.md",
 "as_of": "2026-09-11",
 "verdict": "Three months to Sep 11, 2026: TPOR returned \u221217.6% where its own daily promise gave \u221215.8%, 1.9 points short.",
 "key_facts": [
  {
   "key": "what_iyt_did",
   "label": "What IYT did",
   "value": "\u22124.9%",
   "source": null,
   "as_of": "2026-09-11",
   "sentence": "TPOR, what IYT did: \u22124.9%, as of Sep 11, 2026."
  },
  {
   "key": "what_3_times_a_day_gives",
   "label": "What +3 times a day gives",
   "value": "\u221215.8%",
   "source": null,
   "as_of": "2026-09-11",
   "sentence": "TPOR, what +3 times a day gives: \u221215.8%, as of Sep 11, 2026."
  },
  {
   "key": "what_the_fund_returned",
   "label": "What the fund returned",
   "value": "\u221217.6%",
   "source": null,
   "as_of": "2026-09-11",
   "sentence": "TPOR, what the fund returned: \u221217.6%, as of Sep 11, 2026."
  },
  {
   "key": "the_fund_itself_cost",
   "label": "The fund itself cost",
   "value": "\u22121.9 pts",
   "source": null,
   "as_of": "2026-09-11",
   "sentence": "TPOR, the fund itself cost: \u22121.9 pts, as of Sep 11, 2026."
  },
  {
   "key": "net_assets",
   "label": "Net assets",
   "value": "$18m",
   "source": "source, as filed for Apr 30, 2026",
   "as_of": "2026-09-11",
   "sentence": "TPOR, net assets: $18m (source, as filed for Apr 30, 2026)."
  },
  {
   "key": "expense_ratio",
   "label": "Expense ratio",
   "value": "0.99%",
   "source": "485BPOS XBRL, Feb 26, 2026",
   "as_of": "2026-09-11",
   "sentence": "TPOR, expense ratio: 0.99% (485BPOS XBRL, Feb 26, 2026)."
  }
 ],
 "fields": [
  {
   "key": "sets_out_to_return",
   "label": "Sets out to return",
   "value": "+3 times the daily move of IYT, reset daily",
   "source": null
  },
  {
   "key": "multiple_a_holder_actually_got_over_the_window",
   "label": "Multiple a holder actually got over the window",
   "value": "IYT moved \u22124.9% over this window, too little to read a multiple from",
   "source": "ETFIQ"
  },
  {
   "key": "underlying",
   "label": "Underlying",
   "value": "IYT",
   "source": null
  },
  {
   "key": "segment",
   "label": "Segment",
   "value": "sector or country, sector",
   "source": null
  },
  {
   "key": "net_assets",
   "label": "Net assets",
   "value": "$18m",
   "source": "source, as filed for Apr 30, 2026"
  },
  {
   "key": "expense_ratio",
   "label": "Expense ratio",
   "value": "0.99%",
   "source": "485BPOS XBRL, Feb 26, 2026"
  },
  {
   "key": "launched",
   "label": "Launched",
   "value": "May 3, 2017",
   "source": null
  },
  {
   "key": "underlying_volatility_over_the_window",
   "label": "Underlying volatility over the window",
   "value": "17% annualized",
   "source": "ETFIQ"
  }
 ],
 "periods": [
  {
   "window": "1 month",
   "Fund": "\u221216.9%",
   "IYT": "\u22125.5%",
   "+3x the move": "\u221216.6%",
   "Difference": "\u22120.3 pts",
   "IYT moved about": "15%"
  },
  {
   "window": "3 months",
   "Fund": "\u221217.6%",
   "IYT": "\u22124.9%",
   "+3x the move": "\u221214.6%",
   "Difference": "\u22123.0 pts",
   "IYT moved about": "17%"
  },
  {
   "window": "6 months",
   "Fund": "+28.3%",
   "IYT": "+12.7%",
   "+3x the move": "+38.2%",
   "Difference": "\u22129.8 pts",
   "IYT moved about": "20%"
  },
  {
   "window": "1 year",
   "Fund": "+28.6%",
   "IYT": "+16.9%",
   "+3x the move": "+50.6%",
   "Difference": "\u221222.0 pts",
   "IYT moved about": "20%"
  },
  {
   "window": "3 years",
   "Fund": "+32.1%",
   "IYT": "+40.7%",
   "+3x the move": "+122.0%",
   "Difference": "\u221289.9 pts",
   "IYT moved about": "22%"
  },
  {
   "window": "Since launch",
   "Fund": "+63.5%",
   "IYT": "+122.4%",
   "+3x the move": "not meaningful over this window",
   "Difference": "not meaningful over this window",
   "IYT moved about": "24%"
  }
 ],
 "questions": [
  {
   "q": "Did TPOR return +3 times IYT?",
   "a": "Over the window to Sep 11, 2026, IYT moved \u22124.9% and TPOR returned \u221217.6%. 3 times that move is \u221214.6%, so the fund came out 3.0 points short of it."
  },
  {
   "q": "Why does TPOR not return +3 times over a year?",
   "a": "Because it resets daily. TPOR 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)."
}