v3.26.1
Direxion Daily Next Gen Bear 1X ETF Annual Fund Operating Expenses - Direxion Daily Next Gen Bear 1X ETF
Jan. 31, 2026
Prospectus [Line Items]  
Fee Waiver or Reimbursement over Assets, Date of Termination <span style="font-family:Arial;font-size:7.60pt;">September 1, 2027</span>
Direxion Daily Next Gen Bear 1X ETF  
Prospectus [Line Items]  
Management Fees (as a percentage of Assets) 0.75%
Distribution and Service (12b-1) Fees 0.00%
Other Expenses (as a percentage of Assets): 0.22% [1]
Acquired Fund Fees and Expenses 0.02% [1]
Expenses (as a percentage of Assets) 0.99%
Fee Waiver or Reimbursement (0.02%) [2]
Net Expenses (as a percentage of Assets) 0.97%
[1] Estimated for the Fund's current fiscal year.
[2] Rafferty Asset Management, LLC (“Rafferty” or the “Adviser”) has entered into an Operating Expense Limitation Agreement with the Fund. Under the Operating Expense Limitation Agreement, Rafferty has contractually agreed to waive all or a portion of its management fee and/or reimburse the Fund for Other Expenses through September 1, 2027, to the extent that the Fund’s Total Annual Fund Operating Expenses exceed 0.95% of the Fund’s average daily net assets (excluding, as applicable, among other expenses, taxes, swap financing and related costs, acquired fund fees and expenses, dividends or interest on short positions, other interest expenses, brokerage commissions and extraordinary expenses).Any expense waiver or reimbursement is subject to recoupment by the Adviser within the three years after the expense was waived/reimbursed only if Total Annual Fund Operating Expenses fall below the lesser of this percentage limitation and any percentage limitation in place at the time the expense was waived/reimbursed. This agreement may be terminated or revised at any time with the consent of the Board of Trustees.