Sector allocations include information tech 30.9%, consumer discretionary 17.5%, financials 15.1%, industrials 13.8%, materials 10.8%, consumer staples 5.4%, energy 3.1%, utilities 1.7%%, telecom services 0.9% and health care 0.9%.

“The fund should not be expected to provide three times the return of the benchmark’s cumulative return for periods greater than a day,” according to the Direxion’s description of both funds.

Leveraged ETFs provide aggressive exposure to daily movements of a benchmark index. Due to its daily rebalancing and compounding issues over time, the investments will not perfectly reflect the leveraged exposure over a long period.

For more information on new fund products, visit our new ETFs category.

Max Chen contributed to this article.