# TPOR (Direxion Daily Transportation Bull 3X ETF)

Direxion · Leveraged ETFs · data as of Oct 2, 2026

Three months to Oct 2, 2026: TPOR returned −26.9% where its own daily promise gave −25.2%, 1.7 points short.

## Key facts

- TPOR, what IYT did: −8.7%, as of Oct 2, 2026.
- TPOR, what 3 times a day gives: −25.2%, as of Oct 2, 2026.
- TPOR, what the fund returned: −26.9%, as of Oct 2, 2026.
- TPOR, the fund itself cost: −1.7 pts, as of Oct 2, 2026.
- TPOR, net assets: $15m (issuer page, as of Oct 1, 2026).
- TPOR, expense ratio: 0.99% (485BPOS XBRL, Feb 26, 2026).

## TPOR over each window to Oct 2, 2026

| Window | Fund | IYT | +3x the move | Difference | IYT moved about |
| --- | --- | --- | --- | --- | --- |
| 1 month | −11.4% | −3.5% | −10.6% | −0.8 pts | 14% |
| 3 months | −26.9% | −8.7% | −25.9% | −0.9 pts | 16% |
| 6 months | +10.2% | +7.0% | +20.9% | −10.7 pts | 20% |
| 1 year | +15.8% | +12.9% | +38.7% | −22.9 pts | 20% |
| 3 years | +43.7% | +44.4% | +133.2% | −89.5 pts | 22% |
| Since launch | +51.9% | +117.7% | 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 | +3.11 times, against +3 stated | ETFIQ |
| Underlying | IYT | ETFIQ |
| Segment | sector or country, sector | ETFIQ |
| Net assets | $15m | issuer page, as of Oct 1, 2026 |
| Expense ratio | 0.99% | 485BPOS XBRL, Feb 26, 2026 |
| Launched | May 3, 2017 | ETFIQ |
| Underlying volatility over the window | 16% annualized | ETFIQ |

## Questions

### Did TPOR return +3 times IYT?

Over the window to Oct 2, 2026, IYT moved −8.7% and TPOR returned −26.9%. 3 times that move is −25.9%, so the fund came out 0.9 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 Oct 2, 2026. https://etfiq.com/funds/tpor
Free to use with attribution; the underlying files are at https://etfiq.com/data/.

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