What is the ISIN of Direxion Daily TSM Bull 2X ETF?

The ISIN of Direxion Daily TSM Bull 2X ETF is US25461A5442.

What does leveraged daily exposure mean for Direxion Daily TSM Bull 2X ETF?

Direxion Daily TSM Bull 2X ETF aims to deliver 2 times the daily return of TSM (long). The leverage resets each trading day, so multi-day returns can differ materially from 2X the underlying's cumulative return.

What is volatility decay and how does it affect Direxion Daily TSM Bull 2X ETF?

Volatility decay (also called compounding drag) occurs because Direxion Daily TSM Bull 2X ETF rebalances daily. In choppy, sideways markets the cumulative return can significantly trail 2X the underlying's period return — even if the underlying ends flat. The effect intensifies with higher leverage factors and longer holding periods.

Know before the market does.One step ahead of Buffett.Try the Terminal for free

Direxion Daily TSM Bull 2X ETF (TSMX) Price

Direxion Daily TSM Bull 2X ETF Price

— EUR

PRO

TER0.99 %

AUM300.63 M USD

IndexTaiwan Semiconductor Manufacturing Co., Ltd. Sponsored ADR

CurrencyUSD

Funds Launch10/3/2024

Access this data via the Eulerpool API

Docs Get Free API Key

Underlying

TSM

TSM2X Long Daily

TSM

Direxion Daily TSM Bull 2X ETF provides 2X daily exposure to TSM.

Leverage & Compounding Risk

This ETF rebalances daily to achieve its 2X target. Over periods longer than one day, compounding can cause returns to deviate significantly from 2X the underlying's return — especially in volatile, sideways markets (volatility decay). This product is designed for short-term trading, not buy-and-hold investing.