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Launched · SEC filings

Direxion Daily BABA Bull 2X ETF

BABUNasdaqCThis fund multiplies its index's move each day and resets that multiple daily. Because daily returns compound, its long-run return can differ from the headline multiple.

$9.20+0.05 (+0.58%)

At close: Oct 13, 2026, 4:00 PM

C50/ 100

Rank 77 of 380 in Single-Stock Long Leveraged

C50/100Rank 77 of 380inSingle-Stock Long Leveraged
Intraday session: up, 37 prints from 9.14 to 9.20. Range 8.98 to 9.36. Use the arrow keys to read each point.9.009.109.3010 AM12 PM2 PM4 PM
Expense ratio
0.99%
Fund size
$9M
1Y total return
—
Yield · Last 12 months
Data unavailable
Holdings
9
Avg volume · 30D
0.2M sh
NAV per share
$9.27
52W range
low $6.87high $24.48
Launched
Filings
SEC EDGAR

The ETF.net BABU Grade

Based on 5 of 6 pillars

C

Score 50 out of 100

Category
Single-Stock Long Leveraged⁠
Rank
77 of 380
Six-pillar profile for BABU. Scores out of 100: Cost 51, Risk 45, Mission 94, Tradability 55, Holdings not scored, Durability 58. Strongest: Mission (94). Weakest: Risk (45). Based on 5 of 6 pillars.

Score 50 of 100 falls in the C band. A is 70 or higher, B 55 to under 70, C 40 to under 55, D 25 to under 40, F under 25.

  • Cost

    The fund’s net expense ratio, ranked against its category.
    C51 out of 100
    Rank 168 of 380

  • Mission

    Whether the fund did what it promised, tested against its stated mandate.
    A94 out of 100
    Rank 54 of 148

  • Risk

    How the fund held up when markets fell: downside volatility, drawdowns and tail loss.
    C45 out of 100
    Rank 193 of 363

  • Tradability

    How easy the fund is to trade: daily volume, and how far its price strays from net asset value.
    B55 out of 100
    Rank 147 of 380

  • Holdings

    How concentrated the fund is, and how complete and current its disclosed holdings are.
    Not scored

  • Durability

    Whether the fund is likely to stay open, judged by its age, its assets and its issuer’s assets.
    B58 out of 100
    Rank 139 of 380

Our read on BABU

ETF.net Research

CTwo dollars of Alibaba exposure for every dollar in, reset daily. Direxion's version is priced below the other 2x Alibaba funds at 0.99%, and that daily reset makes it a trading tool rather than a set-and-forget holding.

Stated mandate

The fund seeks daily investment results, before fees and expenses, equal to 200% of the performance of Alibaba Group Holding Limited common shares.

Why people hold it

  1. 01At 0.99% it undercuts the other 2x Alibaba trackers, BABX (1.20%) and KBAB (1.26%), and sits just under the typical fee in the leveraged single-stock crowd.
  2. 02The job is one line: 200% of Alibaba's daily move, before fees. No margin loan, no options account, no share borrow to arrange.direxion.com
  3. 03Direxion runs the same 2x daily playbook on mega caps like GOOGL and AAPL. BABU points a familiar recipe at a different stock.direxion.com

Worth knowing

  1. 01The daily reset means multi-day results depend on the path Alibaba takes, not just where it ends up. Choppy stretches can leave holders short of 2x the stock's move.direxion.com
  2. 02One stock, one story. Whatever moves Alibaba (earnings, regulation, China headlines) moves this fund about twice as hard, in both directions.
  3. 03It launched in 2026, so the track record is short and the fee and mechanics, not history, are most of what there is to judge.

BABU Holdings

As of Oct 13, 2026
Asset class
Stocks
Holdings
9
Top-10 weight
100%
Largest holding
Baba Swap Asset Leg (Babamll)47.2%
The fund’s holdings, weight-ordered — page 1 of 1.
#TickerCompanyWeight %SharesMarket valueIn ETFs
001—Baba Swap Asset Leg (Babamll)47.17%104,362$12M1
002—Goldman Finl Sq Trsry Inst 50624.55%6,049,555$6M98
003—Baba Swap Asset Leg (Babactl)11.77%26,045$3M1
004BABAAlibaba Group Holding-Sp Adr6.03%13,352$1M78
005—Baba Swap Asset Leg (Bababcl)5.74%12,695$1M1
006—Dreyfus Govt Cash Man Ins2.14%526,402$526K108
007—Goldman Sachs Fin Gov 465 Institut1.50%370,000$370K76
008—Baba Swap Asset Leg (Babagsl)0.80%1,759$196K1
009—Dreyfus Trsry Securities Cash Mgmt0.31%75,870$76K84

Showing 1–9 of 9 holdings

BABU Performance

Launched Feb 11, 2026

Shows how $10,000 changes over the selected period, with cash distributions reinvested at the closing price on each ex-dividend date.

Not enough history yet.Not enough history yet.Not enough history yet.Not enough history yet.Not enough history yet.
BABU$9,060
SPY tracks large US stocks. It provides market context, rather than representing this fund’s strategy, asset class or investment benchmark.$10,332
Jul 10, 2026 to Oct 12, 2026. BABU $9,060. SPY $10,332. Use the arrow keys to read each point.$7,902$10,962$14,022Jul 2026Aug 2026Oct 2026

Jul 10, 2026 – Oct 12, 2026

Returns run to the Oct 12, 2026 close, with cash distributions reinvested. Each period starts on the same date that many months or years earlier. Periods over one year show the average yearly return.

Trailing total return for BABU. Periods over one year show the average yearly return.
PeriodBABU
Year to dateFund launched this year—
1 month+0.3%
3 months−9.4%
1 yearFund is under 1 year old—
3 yearsFund is under 3 years oldper year—
5 yearsFund is under 5 years oldper year—
10 yearsFund is under 10 years oldper year—

As of the close, with distributions reinvested.

Calendar-year total return with cash distributions hypothetically reinvested at the ex-dividend date’s closing price. The current year shows year to date.

Annual total returns for BABU
YearReturn barBABU
2026 YTD−61.8%

Since listing, Feb 11, 2026

BABU in the news

Filtered to BABU · Single-Stock Long Leveraged

BABU Dividends

Last payment
$0.05 per share
Paid on
Shares bought on or after this date do not qualify for this distribution.
Frequency
Quarterly

Distribution data unavailable.

Distribution history

2026

One bar per payment. 3 payments in 2026 YTD. Mar 24, 2026 $0.05; Jun 23, 2026 $0.05; Sep 22, 2026 $0.05. Use the arrow keys to read each point.2026YTD
Ex-datePay dateAmount per share
Sep 22, 2026Sep 29, 2026$0.05
Jun 23, 2026Jun 30, 2026$0.05
Mar 24, 2026Mar 31, 2026$0.05

BABU Risk

This fund targets a multiple of the daily move of its index and resets daily. Hold it longer than one reset and compounding makes the return diverge from that target. In choppy markets it can lose value even when the index ends flat.

How much the fund’s monthly returns vary, scaled to a year.
—
Launched Feb 2026; fills in after 12 months
How it’s calculated: standard deviation

The sample standard deviation of monthly total returns, multiplied by the square root of 12.

Uses up to 36 complete months, with at least 12 required. Total returns include reinvested distributions.

Return above 3-month US Treasury bills per unit of volatility.
—
Launched Feb 2026; fills in after 12 months
How it’s calculated: Sharpe ratio

Subtract each month’s Treasury-bill return from the fund’s monthly total return.

Divide the average of those excess returns by their sample standard deviation, then multiply by the square root of 12.

Uses up to 36 complete months, with at least 12 required. Each month uses the Treasury yield quoted at the end of the previous month.

The largest fall from a peak to the low that followed.
—
Launched Feb 2026; fills in after 12 months
How it’s calculated: maximum drawdown

The largest percentage decline from an earlier peak, using total returns with reinvested distributions.

Uses up to five years through the last close, with at least 12 months required.

How strongly the fund’s returns move with its asset-class index.
1.51
vs its asset-class index
How it’s calculated: beta

The beta figure is supplied by FMP. The comparison index depends on the fund’s broad asset class.

BABU Cost

Expense ratio0.99%
  • The middle half of Single-Stock Long Leveraged funds
  • Median 0.98%

167 of the 333 Single-Stock Long Leveraged funds charge less.

BABU costs $99.00 a year on $10,000. The median Single-Stock Long Leveraged fund costs $98.00.

Other funds in Single-Stock Long Leveraged

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