{
 "ticker": "RETL",
 "name": "Direxion Daily Retail Bull 3X ETF",
 "issuer": "Direxion",
 "desk": "leverage",
 "url": "https://etfiq.com/funds/retl",
 "html": "https://etfiq.com/funds/retl",
 "markdown": "https://etfiq.com/funds/retl.md",
 "as_of": "2026-10-02",
 "verdict": "Three months to Oct 2, 2026: RETL returned \u221221.0% where its own daily promise gave \u221219.2%, 1.7 points short.",
 "key_facts": [
  {
   "key": "what_xrt_did",
   "label": "What XRT did",
   "value": "\u22126.0%",
   "source": null,
   "as_of": "2026-10-02",
   "sentence": "RETL, what XRT did: \u22126.0%, as of Oct 2, 2026."
  },
  {
   "key": "what_3_times_a_day_gives",
   "label": "What 3 times a day gives",
   "value": "\u221219.2%",
   "source": null,
   "as_of": "2026-10-02",
   "sentence": "RETL, what 3 times a day gives: \u221219.2%, as of Oct 2, 2026."
  },
  {
   "key": "what_the_fund_returned",
   "label": "What the fund returned",
   "value": "\u221221.0%",
   "source": null,
   "as_of": "2026-10-02",
   "sentence": "RETL, what the fund returned: \u221221.0%, as of Oct 2, 2026."
  },
  {
   "key": "the_fund_itself_cost",
   "label": "The fund itself cost",
   "value": "\u22121.7 pts",
   "source": null,
   "as_of": "2026-10-02",
   "sentence": "RETL, the fund itself cost: \u22121.7 pts, as of Oct 2, 2026."
  },
  {
   "key": "net_assets",
   "label": "Net assets",
   "value": "$28m",
   "source": "issuer page, as of Oct 1, 2026",
   "as_of": "2026-10-02",
   "sentence": "RETL, net assets: $28m (issuer page, as of Oct 1, 2026)."
  },
  {
   "key": "expense_ratio",
   "label": "Expense ratio",
   "value": "0.96%",
   "source": "485BPOS XBRL, Feb 26, 2026",
   "as_of": "2026-10-02",
   "sentence": "RETL, expense ratio: 0.96% (485BPOS XBRL, Feb 26, 2026)."
  }
 ],
 "fields": [
  {
   "key": "sets_out_to_return",
   "label": "Sets out to return",
   "value": "+3 times the daily move of XRT, reset daily",
   "source": null
  },
  {
   "key": "multiple_a_holder_actually_got_over_the_window",
   "label": "Multiple a holder actually got over the window",
   "value": "+3.51 times, against +3 stated",
   "source": "ETFIQ"
  },
  {
   "key": "underlying",
   "label": "Underlying",
   "value": "XRT",
   "source": null
  },
  {
   "key": "segment",
   "label": "Segment",
   "value": "sector or country, sector",
   "source": null
  },
  {
   "key": "net_assets",
   "label": "Net assets",
   "value": "$28m",
   "source": "issuer page, as of Oct 1, 2026"
  },
  {
   "key": "expense_ratio",
   "label": "Expense ratio",
   "value": "0.96%",
   "source": "485BPOS XBRL, Feb 26, 2026"
  },
  {
   "key": "launched",
   "label": "Launched",
   "value": "Jul 14, 2010",
   "source": null
  },
  {
   "key": "underlying_volatility_over_the_window",
   "label": "Underlying volatility over the window",
   "value": "19% annualized",
   "source": "ETFIQ"
  }
 ],
 "periods": [
  {
   "window": "1 month",
   "Fund": "\u221213.7%",
   "XRT": "\u22124.1%",
   "+3x the move": "\u221212.4%",
   "Difference": "\u22121.3 pts",
   "XRT moved about": "18%"
  },
  {
   "window": "3 months",
   "Fund": "\u221221.0%",
   "XRT": "\u22126.0%",
   "+3x the move": "\u221217.9%",
   "Difference": "\u22123.0 pts",
   "XRT moved about": "19%"
  },
  {
   "window": "6 months",
   "Fund": "\u22121.8%",
   "XRT": "+3.1%",
   "+3x the move": "+9.4%",
   "Difference": "\u221211.3 pts",
   "XRT moved about": "21%"
  },
  {
   "window": "1 year",
   "Fund": "\u221229.3%",
   "XRT": "\u22123.9%",
   "+3x the move": "\u221211.8%",
   "Difference": "\u221217.5 pts",
   "XRT moved about": "21%"
  },
  {
   "window": "3 years",
   "Fund": "+39.0%",
   "XRT": "+44.6%",
   "+3x the move": "+133.7%",
   "Difference": "\u221294.6 pts",
   "XRT moved about": "23%"
  },
  {
   "window": "Since launch",
   "Fund": "+592.1%",
   "XRT": "+449.6%",
   "+3x the move": "not meaningful over this window",
   "Difference": "not meaningful over this window",
   "XRT moved about": "25%"
  }
 ],
 "questions": [
  {
   "q": "Did RETL return +3 times XRT?",
   "a": "Over the window to Oct 2, 2026, XRT moved \u22126.0% and RETL returned \u221221.0%. 3 times that move is \u221217.9%, so the fund came out 3.0 points short of it."
  },
  {
   "q": "Why does RETL not return +3 times over a year?",
   "a": "Because it resets daily. RETL 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": "2026-10-03",
 "license": "https://etfiq.com/license/",
 "license_text": "Free to use with attribution. ETFIQ (etfiq.com)."
}