TNA's 117% One-Year Surge Masks a Brutal Truth: Volatility Decay Cost Holders 10.88% Over Five Years as the Russell 2000 Climbed

Small-cap bulls are having their moment, and one leveraged fund has turned that moment into a spectacle.

24/7 Wall Street • Aug 7, 2026

TNA: Small-Caps May Have Near-Term Turbulence Before Returning To Growth

Direxion Daily Small Cap Bull 3X ETF is rated Buy, capitalizing on moderating inflation and a bullish small-cap outlook for 2026. TNA offers 3x daily exposure to the Russell 2000, benefiting from expected rate stability and potential AI-driven operational improvements. Investors should use TNA primarily for daily trading, as long-term holding risks NAV erosion and compounded losses due to leverage.

Seeking Alpha • Jul 15, 2026

Dual Commencement: The Russell Index Shift to Semi-Annual Rebalancing

June is typically reserved for graduation processionals, with the “Pomp and Circumstance March No. 1 in D” blaring from PA systems or high-fidelity systems (depending on how well-funded the school is).

ETF Trends • Apr 29, 2026

This Small-Cap Options Trade Profits Regardless of Market Direction

Selling option premium is a very simple but lucrative income strategy.

Zacks Investment Research • Feb 27, 2026

TNA: Small-Caps Gain Momentum Over Mega-Cap Growth

Direxion Daily Small Cap Bull 3x Shares ETF is rated Buy, targeting traders seeking amplified exposure to a potential small-cap rotation. With a large concentration in industrials, the Russell 2000 may be gaining traction following the robust economic data releases like slowing inflation growth and PMIs. With the Russell 2000 outperforming large-cap indices and positive economic signals, I see continued momentum for small caps, especially if rate easing persists.

Seeking Alpha • Feb 16, 2026

Take On Small-Cap Dynamism With Direxion's Bull And Bear TNA, TZA ETFs

Although the broader equities market can occasionally vacillate between order and outright chaos, small-capitalization enterprises tend to amplify the extreme ends of behavioral distribution. By their nature, businesses that are less financially resourced must operate with tighter margins for error.

Benzinga • Dec 19, 2025

“January Effect” Already Here: A Small-Cap Leveraged ETF to Use

There's less than two weeks left in 2025, but for small-caps, the new year is already here. Morningstar made light of the outperformance in small-caps, which historically manifests itself in an early year rally known as the “January Effect.

ETF Trends • Dec 18, 2025

Large-Cap Anxiety? Leverage Midcap Marvels With This ETF

Traders worried about large-cap stocks hitting peak valuations may want to step into the midcap arena. Long- and short-term traders can also take advantage of future upside if the market environment shifts in favor of these companies.

ETF Trends • Dec 8, 2025

TNA: Small Caps Could Benefit From U.S. Economy Uptick In 2026

Amid a weaker-than-expected U.S. economy in 2025, the Russell 2000-tracking Direxion Daily Small Cap Bull 3X Shares ETF has marginally underperformed the S&P 500. Looking ahead to 2026, the Russell 2000 should benefit from an acceleration in U.S. GDP growth, a falling unemployment rate, and ongoing Fed rate cuts. The Russell 2000 offers a sizable ~35% trailing P/E discount relative to the S&P 500, partially stemming from its sizable (but declining) overweight position in cyclical sectors.

Seeking Alpha • Nov 28, 2025

Direxion Daily Small Cap Bull ETF Lower As Small Cap Stocks Sink Today

Direxion Daily Small Cap Bull ETF (NYSEARCA:TNA) is down 1.62% as this exchange traded fund (ETF) magnifies a 0.36% decline in its underlying small-cap index, the Russell 2000.

24/7 Wall Street • Oct 9, 2025