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BABU

GradeCNASDAQ Global Market

Direxion Daily BABA Bull 2X ETF

Leveraged · Single-Stock Leveraged · Direxion · Inception 2026-02-11 · SEC filings

This 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.

$9.34−0.92 (−8.97%)

As of Sep 23, 2026, 2:19 PM EDT

History starts Feb 11, 2026.History starts Feb 11, 2026.
Intraday session: down, 48 prints from 10.26 to 9.34. Range 9.26 to 9.50. Use the arrow keys to read each point.$9.30$9.40$9.5010 AM12 PM2 PM4 PM
Expense ratio
0.99%
Fund size
$6M
1Y return
—
Yield · Last 12 months
Data unavailable
Volume · 30D
0.1M sh
NAV per share
$9.01
52W range
low $6.87high $24.48

The ETF.net BABU Grade

C

50/ 100

Rank 78 of 380 in Single-Stock Long Leveraged⁠

Confidence High

Six-pillar profile for BABU. Scores out of 100: Cost 51, Risk 48, Mission 89, Tradability 50, Holdings not scored, Durability 58. Strongest: Mission (89). Weakest: Risk (48). Based on 5 of 6 pillars.
F< 25
D≥ 25
C≥ 40
B≥ 55
A≥ 70

Score 50 of 100 sits in the C band. Bands: A ≥ 70, B ≥ 55, C ≥ 40, D ≥ 25, F < 25; the scale skips E.

  • Cost

    What you pay to own it — the expense ratio plus trading frictions, ranked within its category.
    CScore 51
    Category rank177/380 · top 47%

  • Mission

    How faithfully it does the job it claims — tracking its mandate or index with minimal slippage.
    AScore 89
    Category rank92/147 · mid-pack

  • Risk

    How violently it can move — volatility, drawdown depth, and downside capture versus its category.
    CScore 48
    Category rank136/285 · top 48%

  • Tradability

    How cheaply and easily you can get in and out — liquidity, spread, and premium/discount stability.
    CScore 50
    Category rank174/380 · top 46%

  • Holdings

    What it actually owns — the quality, breadth, and concentration of the underlying portfolio.
    Not scored
    —

  • Durability

    Whether it will still be here — the fund’s assets, age, flows, and issuer staying power.
    BScore 58
    Category rank144/380 · top 38%

Graded as of Sep 22, 2026 · Based on 5 of 6 pillars

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 Sep 22, 2026, 10:02 PM
Asset class
Stocks
Holdings
—
Top-10 weight
100%
Largest holding
BABA SWAP ASSET LEG (BABAMLL)44.1%
The fund’s holdings, weight-ordered — page 1 of 1.
#TickerCompanyWeight %SharesMarket valueIn ETFs
001—BABA SWAP ASSET LEG (BABAMLL)44.10%76,784$9M1
002—GOLDMAN FINL SQ TRSRY INST 50623.47%4,730,799$5M100
003—BABA SWAP ASSET LEG (BABACTL)12.59%21,916$3M1
004—BABA SWAP ASSET LEG (BABABCL)7.29%12,695$1M1
005BABAALIBABA GROUP HOLDING-SP ADR5.95%10,361$1M78
006—DREYFUS GOVT CASH MAN INS3.38%680,763$681K108
007—GOLDMAN SACHS FIN GOV 465 INSTITUT1.84%370,000$370K75
008—BABA SWAP ASSET LEG (BABAGSL)1.01%1,759$204K1
009—DREYFUS TRSRY SECURITIES CASH MGMT0.38%75,643$76K82

Showing 1–9 of 9 holdings

BABU Performance

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

BABU$11,351
SPY tracks large US stocks. It provides market context, rather than representing this fund’s strategy, asset class or investment benchmark.$10,415
Jun 22, 2026 to Sep 22, 2026. BABU $11,351. SPY $10,415. Use the arrow keys to read each point.$7,550$11,689$15,828Jun 2026Aug 2026Sep 2026

Jun 22, 2026 – Sep 22, 2026

Returns run to the Sep 22, 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−6.9%
3 months+13.5%
1 yearFund is under 1 year old—
3 yearsFund is under 3 years old—per year
5 yearsFund is under 5 years old—per year
10 yearsFund is under 10 years old—per 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−57.4%

Since listing, Feb 11, 2026

BABU in the news

ETF.net Research hasn’t filed on BABU yet — coverage lands here as it’s written.

BABU Dividends

Adds up every distribution paid per share over the last 12 months, divided by the last completed close. Distributions are counted by ex-date. Data through Sep 22, 2026.
Data unavailableLast 12 months
Payout per share
Data unavailableLast 12 months
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. 2 payments in 2026 YTD. Mar 24, 2026 $0.05; Jun 23, 2026 $0.05. Use the arrow keys to read each point.2026YTD
Ex-datePay dateAmount per share
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.
1.45
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%

165 of the 329 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.