Aims for three times the daily return of an index of US transportation companies, using swaps. Because it resets daily, longer-term returns can differ a lot from three times the index.
TPOR, the Direxion Daily Transportation Bull 3x ETF, is a $15 million ETF whose main story is the reshoring trade. Over the past year it returned +15.8%, against +16.8% for broad US ETFs. Figures to October 2, 2026; past performance, not a recommendation.
The narrative it carries
Its main narrative, at 0.7 of its exposure.
The reshoring trade →
Infrastructure, critical metals and materials: what it takes to make more things at home.
The band is where this narrative’s level sits among the 22 this week. QUIET means less talked about, not falling.
| # | ETF | SHARE | ASSETS | 1 YEAR | COST |
|---|---|---|---|---|---|
| 1 | PAVE | 18.5% | $13.36bn | +13.5% | 0.47% |
| 2 | IGF | 14.0% | $10.07bn | +3.9% | 0.37% |
| 3 | XLB | 10.8% | $7.78bn | +10.9% | 0.08% |
| 4 | COPX | 10.1% | $7.25bn | +45.1% | 0.65% |
| 5 | XME | 5.7% | $4.09bn | +9.7% | 0.35% |
| 82 other ETFs | 40.9% |
Share is each ETF’s slice of the capital carrying this narrative. 1 year is market price total return; cost is the expense ratio. See all 87 ETFs on the narrative page →
Also carries: The trade-war tax →
Retailers, brands and US manufacturers: the companies that pay tariffs or are protected by them.
FRI OCT 2MARKET PRICE TOTAL RETURN
| 1M | 3M | YTD | 1Y | 3Y* | 5Y* | |
|---|---|---|---|---|---|---|
| TPOR | −11.4% | −26.9% | +7.6% | +15.8% | +11.7% | −0.9% |
| The reshoring tradeits narrative | −4.9% | −3.8% | +9.5% | +14.5% | +20.1% | +12.7% |
| The marketbroad US ETFs | +0.8% | +2.6% | +14.6% | +16.8% | +22.9% | +12.9% |
1M, 3M, 1Y, 3Y, 5Y: one month to five years. YTD: year to date. * A year, annualised. A dash means the ETF has not traded for the whole period. Since it started trading on May 3, 2017: +4.5% a year.
$10,000 invested May 31, 2017
Year by year
Total return in each calendar year; this year is year to date. A year appears only if TPOR traded for all of it.
Total return on the market price, with each distribution reinvested on its ex-date. Not the NAV return the issuer publishes; the two differ when the ETF trades above or below the value of its holdings. The narrative is the asset-weighted return of the unlevered ETFs that carry it. The market is the asset-weighted return of broad US index ETFs. Past performance is no guarantee of future results.
FRI OCT 2MARKET PRICE TOTAL RETURN
How closely it moves
TPOR moves closely with the market. When the market has moved 1%, TPOR has tended to move 2.94%.
TPOR moves partly with the reshoring trade. When the reshoring trade has moved 1%, TPOR has tended to move 2.36%.
Weekly returns over 157 weeks. The narrative is measured without TPOR in it, so it is not compared with itself.
ETFs it moves most and least like
Correlation of weekly returns over the last 3 years, among unlevered ETFs StoryVector covers.
Where it sits in The reshoring trade
Each dot is one of 42 unlevered ETFs whose main narrative is the reshoring trade, placed by its return (up) and how much it swung (right) over the last year. TPOR is levered or inverse, so it is shown against them but not counted among them.
Risk
Cost against its peers
TPOR is levered or inverse, so it is shown against the unlevered ETFs but not ranked among them.
How it is built
Seeks 3x the daily return of its exposure, and gets its exposure through swaps. It carries the narrative but does not count toward Share of Narrative, because only unlevered long exposure does.
Narrative exposure
Second narrative: not yet confirmed from a filing.
Common questions
What story is TPOR selling?
TPOR’s main story is the reshoring trade, which covers infrastructure, critical metals and materials: what it takes to make more things at home. Its second is the trade-war tax.
Which ETFs compete with TPOR?
The ETFs whose weekly returns move most like TPOR’s over the past 3 years are SUPL (0.87), SHPP (0.86) and CGMM (0.83).
How has TPOR performed against its story?
Over the past year TPOR returned +15.8%, the ETFs carrying the reshoring trade +14.5% and broad US ETFs +16.8%, to October 2, 2026. Its weekly returns have a correlation of 0.68 with the story. Past performance only.
Run an ETF in the reshoring trade? StoryVector shows issuers where their ETFs stand against the closest rivals, every week.
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