Skip to content
etf.net

Launched · SEC filings

Direxion Daily BABA Bull 2X ETF

BABUNasdaqDirexionCThis 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.

$7.62+0.51 (+7.25%)

At close: Nov 2, 2026, 4:00 PM ET

C51/ 100

Rank 83 of 380 in Single-Stock Long Leveraged

C51/100Rank 83 of 380inSingle-Stock Long Leveraged
Intraday session: up, 79 prints from 7.10 to 7.62. Range 7.62 to 7.94. Use the arrow keys to read each point.7.207.407.8010 AM12 PM2 PM4 PM
Expense ratio
0.97%*
Fund size
$6M
1Y total return
No data
Yield · Last 12 months
No data
Holdings
9
Avg volume · 30D
155K sh
52W range
low $6.87high $24.48
Launched
Filings
SEC EDGAR

*After a fee waiver that ends Sep 1, 2027. Without it: 0.99%.

The ETF.net BABU Grade

Based on 5 of 6 pillars

C

Score 51 out of 100

Category
Single-Stock Long Leveraged⁠
Rank
83 of 380
Six-pillar profile for BABU. Scores out of 100: Cost 54, Risk 47, Mission 93, Tradability 47, Holdings not scored, Durability 59. Strongest: Mission (93). Weakest: Tradability (47). Based on 5 of 6 pillars.

Score 51 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.
    C54 out of 100
    Rank 169 of 380

  • Mission

    Whether the fund did what it promised, tested against its stated mandate.
    A93 out of 100
    Rank 53 of 150

  • Risk

    How the fund held up when markets fell: downside volatility, drawdowns and tail loss.
    C47 out of 100
    Rank 186 of 368

  • Tradability

    How easy the fund is to trade: daily volume, and how far its price strays from net asset value.
    C47 out of 100
    Rank 206 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.
    B59 out of 100
    Rank 137 of 380

Our read on BABU

ETF.net Research

In short

CThree ETFs chase 200% of Alibaba's daily move. This one charges the least of them: 0.97% net of a waiver through September 1, 2027. A trading tool, built for days, not years.

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

  • Lowest fee of the BABA doublers: 0.97% net of a waiver through September 1, 2027, vs KBAB (0.99% net, waiver to August 1, 2028) and BABX (1.15% net, waiver to December 31, 2026).
  • Does what it says: the fund has tracked its 200% daily target closely, one of the stronger implementations in a crowded leveraged single-stock field.
  • Doubled Alibaba exposure from a plain brokerage ticker, with no margin account or stock-borrow arrangement to set up.investor.gov

Worth knowing

  • The 2x target resets every day. Over longer stretches compounding pushes results away from twice BABA's move, and choppy markets widen that gap.investor.gov
  • One stock, no diversification cushion: every Alibaba earnings print or Beijing policy headline arrives here at double speed.sec.gov
  • Cheapest of its trio, not cheap outright: the fee sits near the leveraged single-stock median and above top-ranked 2x funds like TSMG (0.76%). Gross is 0.99% if the waiver lapses.

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$6,028
SPY tracks large US stocks. It provides market context, rather than representing this fund’s strategy, asset class or investment benchmark.$10,141
Jul 31, 2026 to Oct 30, 2026. BABU $6,028. SPY $10,141. Use the arrow keys to read each point.$6,000$8,000$10,000$12,000Jul 2026Sep 2026Oct 2026

Jul 31, 2026 – Oct 30, 2026

Returns run to the Oct 30, 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 yearNo data
1 month−18.5%
3 months−39.7%
1 yearFund is under 1 year oldNo data
3 yearsFund is under 3 years oldper yearNo data
5 yearsFund is under 5 years oldper yearNo data
10 yearsFund is under 10 years oldper yearNo data

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−70.4%

Since listing, Feb 11, 2026

BABU in the news

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

Risk pillarC47 out of 100Rank 186 of 368 in Single-Stock Long Leveraged

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.

FMP measures it over up to five years of monthly returns.

BABU Cost

Compare BABU and GOGL

Overpaying vs GOGL, tied cheapest in Single-Stock Long Leveraged

$14,043

On $10,000 over 30 years. 7% growth a year before fees, expense ratio only.

  • BABU 0.97%

    $18,198

  • GOGL 0.20% Tied cheapest

    $4,155

$10,000
30 years

Cost over time

  • BABU 0.97%
  • GOGL 0.20%
  • Overpaying
One line per fund, from year 0 to year 30. Use the arrow keys to read each point.$0$5K$10K$15K$20K051015202530BABU $18,198GOGL $4,155

Year by year

YearBABUGOGLOverpaying
10$1,712$365$1,347
20$6,443$1,421$5,022
30$18,198$4,155$14,043
How the 0.97% is worked out

Full fee 0.99%− waiver 0.02%= you pay 0.97%

The waiver ends Sep 1, 2027. After that the fee is 0.99% unless Direxion renews it. Source: prospectus, Mar 2026.

Other funds in Single-Stock Long Leveraged

See others