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ETFs

Direxion Daily Transportation Bull 3X Shares

TPOR
$--
Today’s Change
-- (--)

Snapshot
*

Inception Date
May 3, 2017
Expense Ratio
0.95%
Type
US Equities
Fund Owner
Direxion Shares
Volume (1m avg. daily)
$445,541
AUM
$20,788,919
Associated Index
S&P Transportation Select Industry FMC Capped Index
Inverse/Leveraged
Leveraged (3x)
Passive/Active
Passive
Fractionable on Composer
No
Prospectus
View

Top 10 Holdings

n/a
DREYFUS GOVT CASH MAN INS
5.81%
UNP
Union Pacific Corp.
4.07%
n/a
GOLDMAN SACHS FIN GOV 465 INSTITUT
3.94%
UPS
United Parcel Service, Inc. - Ordinary Shares - Class B
3.55%
UBER
Uber Technologies Inc
2.83%
CSX
CSX Corp.
1.13%
NSC
Norfolk Southern Corp.
1.10%
FDX
Fedex Corp
1.10%
ODFL
Old Dominion Freight Line, Inc.
1.02%
DAL
Delta Air Lines, Inc.
0.98%
Invest with TPOR

What is TPOR?

The Direxion Daily Transportation Bull 3X Shares seeks daily investment results, before fees and expenses, of 300% of the performance of the S&P Transportation Select Industry FMC Capped Index (SPTSCUT). The S&P Transportation Select Industry FMC Capped Index (SPTSCUT) is provided by S&P Dow Jones Indices and is designed to measure stocks in the S&P Total Market Index that are included in the GICS transportation sub-industry.

ETFs related toTPOR

ETFs correlated to TPOR include IYT, XTN, RSPN

TPOR
Direxion Shares ETF Trust - Direxion Daily Transportation Bull 3X Shares
IYT
BlackRock Institutional Trust Company N.A. - iShares U.S. Transportation ETF
XTN
SPDR Series Trust - SPDR S&P Transportation ETF
RSPN
Invesco Capital Management LLC - Invesco S&P 500 Equal Weight Industrials ETF
SCHM
Schwab Strategic Trust - Schwab U.S. Mid-Cap ETF
EUSA
BlackRock Institutional Trust Company N.A. - iShares MSCI USA Equal Weighted ETF
IWR
BlackRock Institutional Trust Company N.A. - iShares Russell Mid-Cap ETF
SIZE
BlackRock Institutional Trust Company N.A. - iShares MSCI USA Size Factor ETF
RSP
Invesco Capital Management LLC - Invesco S&P 500 Equal Weight ETF
FXR
First Trust Exchange-Traded Fund III - First Trust Industrials/Producer Durables AlphaDEX Fund
JHMM
John Hancock Investment Management LLC - John Hancock Multifactor Mid Cap ETF

What is ETF correlation?

Correlation is a measure of the strength of the relationship between two ETFs. It quantifies the degree to which prices of the two ETFs typically move together.

Here, correlation is measured over the past year with the Pearson correlation coefficient (Pearon’s r), which ranges from -1 to 1.

Using ETF correlations in portfolio and strategy construction

ETF correlations can help you create investing strategies and portfolios. Use them to:

  • •Build a diversified portfolio from uncorrelated or inversely correlated ETFs with the aim of minimizing portfolio risk.
  • •Compare correlated or related ETFs to find one with a lower expense ratio or higher trading volume.
  • •Create an investing strategy that hedges an ETF with an uncorrelated or inversely correlated ETF.

Automated Strategies
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Risk Rating

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Create your own algorithmic trading strategy with TPOR using Composer

News Related to TPOR

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Apr 23, 2024 • by Lekha Gupta
UPS Delivers Mixed Bag Of Q1 Results, Maintains Guidance Despite Lower Volumes
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Apr 3, 2024 • by Lekha Gupta
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What's Going On With UPS Shares Today?

Apr 1, 2024 • by Lekha Gupta
What's Going On With UPS Shares Today?
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Prepare For Transportation Tests With This ETF

Apr 15, 2019 • by ETF Professor
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FAQ

TPOR is a US Equities ETF. The Direxion Daily Transportation Bull 3X Shares seeks daily investment results, before fees and expenses, of 300% of the performance of the S&P Transportation Select Industry FMC Capped Index (SPTSCUT). The S&P Transportation Select Industry FMC Capped Index (SPTSCUT) is provided by S&P Dow Jones Indices and is designed to measure stocks in the S&P Total Market Index that are included in the GICS transportation sub-industry.

TPOR tracks the S&P Transportation Select Industry FMC Capped Index.

No, TPOR is not actively managed. It is passively managed. In an actively managed fund, the fund manager makes decisions about how funds are invested. A passively managed fund typically tries to track or follow a market index.

Yes, TPOR is passively managed. A passively managed fund typically tries to track or follow a market index. In an actively managed fund, the fund manager makes decisions about how funds are invested.

The 1-month return on TPOR is -0.139%. This is the percent change in the value of TPOR over the most recent 1-month period. The 3-month return on TPOR is -0.1088%. This is the percent change in the value of TPOR over the most recent 3-month period.

The standard deviation of TPOR for the past year is 0.6415%. Standard deviation is the typical amount that the daily returns vary from the mean of the returns over the time period, standardized to a period of a year.

ETFs similar to TPOR include TQQQ, SSO, and TNA.

ETFs correlated to TPOR include IYT, XTN, and RSPN.

ETFs that are inversely correlated to TPOR include HIBS, SRTY, and TZA.

Yes, TPOR is a Leveraged (3x) ETF: This means that TPOR will try to match the performance of S&P Transportation Select Industry FMC Capped Index, but with 3x the returns.

Yes, TPOR is a Leveraged (3x) leveraged ETF: This means that {characteristics.Identifier} will try to match the performance of S&P Transportation Select Industry FMC Capped Index, but move 3x in the opposite direction.

Disclaimers

*

We show information directly obtained from our data provider, Xignite. Data shown here is provided by Xignite, an unaffiliated third party. Composer believes the information shown here is reliable, but has not been verified and there is no guarantee that the information is accurate.

**

We show information based on calculations performed by Composer using data from our provider. Information provided here is based on calculations performed by Composer using data sourced from Xignite, an unaffiliated third party. Composer believes this information is reliable, but has not verified the data and there is no guarantee that the calculations are accurate.