Direxion’s leveraged exchanged-traded funds (ETFs) have been providing stellar returns this year. Based solely on performance through Nov. 3, the investment manager manages the ETF investing market’s top three funds by return.

The investments span across three sectors, semiconductors, homebuilders and supplies, and biotech. All three funds have achieved returns of greater than 150% using triple leveraging strategies.

Investors should note that this kind of ETF can be quite volatile. Therefore, leveraged ETFs do carry more risk than traditional portfolio investment strategies. Also worth noting, these Direxion funds seek to match three times the intended return for a single day. Thus, the strategy is focused on single-day returns and not cumulative returns.

All figures are as of Nov. 3.

Direxion Daily Semiconductor Bull 3X Shares (SOXL)

Issuer: Direxion

YTD Return: 173.98%

Price: $156.44

Average Volume: 388,020

Assets Under Management: $570,875,000

The Direxion Daily Semiconductor Bull 3X Shares ETF takes a bullish position in semiconductor stocks. The fund seeks to replicate three times the performance of the PHLX Semiconductor Sector Index. The Index includes U.S. companies with operations involving design, distribution, manufacture and sale of semiconductors. A growing economy with an increased focus on technology has helped this fund to gain. To achieve the strategy the fund invests at least 80% of its net assets in financial instruments and/or exchange-traded funds that provide exposure to the index. The three top constituents in the PHLX Index include: Intel (INTC), Texas Instruments (TXN) and NVIDIA (NVDA).

Direxion Daily Homebuilders & Supplies Bull 3X Shares (NAIL)

Issuer: Direxion

YTD Return: 168.40%

Price: $68.12

Average Volume: 23,715

Assets Under Management: $37,362,000

The Direxion Daily Homebuilders & Supplies Bull 3X Shares ETF takes a bullish position in home construction sellers and suppliers of building materials, furnishings and fixtures and also home improvement retailers stocks. The fund seeks to replicate three times the performance of the Dow Jones U.S. Select Home Construction Index. It achieves the intended returns by investing at least 80% of the fund’s net assets in financial instruments and/or exchange-traded funds that provide exposure to the Index. The fund has benefited from the recovering housing market. Top consitutents in the index include: DR Horton Inc. (DHI), Lennar Corp. (LEN) and NVR Inc. (NVR).

Direxion Daily S&P Biotech Bull 3X Shares (LABU)

Issuer: Direxion

YTD Return: 161.87%

Price: $81.99

Average Volume: 1,074,873

Assets Under Management: $422,075,000

The Direxion Daily S&P Biotech Bull 3X Shares ETF takes a bullish position in biotech stocks. The fund seeks to replicate three times the performance of the S&P Biotechnology Select Industry Index. It invests at least 80% of the fund’s net assets in financial instruments and/or exchange-traded funds that provide exposure to the Index. Biotech industry sectors influencing the index’s returns include: medical-biomedical/genetics, medical-drugs, therapeutics, medical-generic drugs, diagnostic kits, medical products, diagnostic equipment and drug delivery systems. Top constituents in the index include: Alnylam Pharmaceuticals Inc. (ALNY), Clovis Oncology Inc. (CLVS) and Puma Biotechnology Inc. (PBYI).

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