# TPOR (Direxion Daily Transportation Bull 3X ETF)

Direxion · Leveraged ETFs · data as of Sep 11, 2026

Three months to Sep 11, 2026: TPOR returned −17.6% where its own daily promise gave −15.8%, 1.9 points short.

## Key facts

- TPOR, what IYT did: −4.9%, as of Sep 11, 2026.
- TPOR, what +3 times a day gives: −15.8%, as of Sep 11, 2026.
- TPOR, what the fund returned: −17.6%, as of Sep 11, 2026.
- TPOR, the fund itself cost: −1.9 pts, as of Sep 11, 2026.
- TPOR, net assets: $18m (source, as filed for Apr 30, 2026).
- TPOR, expense ratio: 0.99% (485BPOS XBRL, Feb 26, 2026).

## TPOR over each window to Sep 11, 2026

| Window | Fund | IYT | +3x the move | Difference | IYT moved about |
| --- | --- | --- | --- | --- | --- |
| 1 month | −16.9% | −5.5% | −16.6% | −0.3 pts | 15% |
| 3 months | −17.6% | −4.9% | −14.6% | −3.0 pts | 17% |
| 6 months | +28.3% | +12.7% | +38.2% | −9.8 pts | 20% |
| 1 year | +28.6% | +16.9% | +50.6% | −22.0 pts | 20% |
| 3 years | +32.1% | +40.7% | +122.0% | −89.9 pts | 22% |
| Since launch | +63.5% | +122.4% | not meaningful over this window | not meaningful over this window | 24% |

## Every published field

| Field | Value | Source |
| --- | --- | --- |
| Sets out to return | +3 times the daily move of IYT, reset daily | ETFIQ |
| Multiple a holder actually got over the window | IYT moved −4.9% over this window, too little to read a multiple from | ETFIQ |
| Underlying | IYT | ETFIQ |
| Segment | sector or country, sector | ETFIQ |
| Net assets | $18m | source, as filed for Apr 30, 2026 |
| Expense ratio | 0.99% | 485BPOS XBRL, Feb 26, 2026 |
| Launched | May 3, 2017 | ETFIQ |
| Underlying volatility over the window | 17% annualized | ETFIQ |

## Questions

### Did TPOR return +3 times IYT?

Over the window to Sep 11, 2026, IYT moved −4.9% and TPOR returned −17.6%. 3 times that move is −14.6%, so the fund came out 3.0 points short of it.

### Why does TPOR not return +3 times over a year?

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.


## Cite this page

ETFIQ, TPOR, data as of Sep 11, 2026. https://etfiq.com/funds/TPOR
Free to use with attribution; the underlying files are at https://etfiq.com/data/.

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