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

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

TSXD aims to return -2 times Semiconductors Top 5's move each day, then resets. Over one day it does that.

## Key facts

- TSXD, net assets: $1m (source, as filed for Apr 30, 2026).
- TSXD, expense ratio: 0.99% (485BPOS XBRL, Feb 26, 2026).
- TSXD, underlying: Semiconductors Top 5 (no investable tracker), as of Sep 11, 2026.
- TSXD, sets out to return: -2 times the daily move of Semiconductors Top 5, reset daily, as of Sep 11, 2026.

## Every published field

| Field | Value | Source |
| --- | --- | --- |
| Sets out to return | -2 times the daily move of Semiconductors Top 5, reset daily | ETFIQ |
| Underlying | Semiconductors Top 5 (no investable tracker) | ETFIQ |
| Segment | broad index, index variant | ETFIQ |
| Net assets | $1m | source, as filed for Apr 30, 2026 |
| Expense ratio | 0.99% | 485BPOS XBRL, Feb 26, 2026 |
| Launched | Oct 1, 2025 | ETFIQ |

## Questions

### Why does TSXD not return -2 times over a year?

Because it resets daily. TSXD aims at -2 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 -2 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, TSXD, data as of Sep 11, 2026. https://etfiq.com/funds/TSXD
Free to use with attribution; the underlying files are at https://etfiq.com/data/.

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