Launch Roundup
Subversive ETFs listed S&P 500 and Nasdaq-100 funds that exclude Elon Musk's companies
Direxion Daily BA Bull 2X ETF
CThis 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.
$23.50−0.81 (−3.33%)
- 1.30%
- $26M
- −34.8%
- 3.17%
- 0M sh
- $24.49
- low $23.00high $51.88
The ETF.net BOEU Grade
C
Score 48 out of 100
- 89 of 380
Score 48 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.D34 out of 100Rank 236 of 380Mission
Whether the fund did what it promised, tested against its stated mandate.A86 out of 100Rank 102 of 148Risk
How the fund held up when markets fell: downside volatility, drawdowns and tail loss.B64 out of 100Rank 99 of 363Tradability
How easy the fund is to trade: daily volume, and how far its price strays from net asset value.B56 out of 100Rank 143 of 380Holdings
How concentrated the fund is, and how complete and current its disclosed holdings are.Durability
Whether the fund is likely to stay open, judged by its age, its assets and its issuer’s assets.A73 out of 100Rank 48 of 380
Our read on BOEU
CThe leveraged single-stock shelf is mostly tech tickers. BOEU points the same machinery at Boeing, aiming for 200% of the stock's daily move. It resets every day, so it behaves like a trading tool, not a set-and-forget holding.
The fund seeks daily investment results, before fees and expenses, equal to 200% of the performance of The Boeing's common shares.
Why people hold it
- One job, stated plainly: 200% of Boeing's daily share move before fees and expenses. Since its 2025 launch it has tracked that daily target closely.direxion.com
- A geared bet on aerospace, not another chip or mega-cap name. Most of the 2x single-stock field sits on tickers like GGLL, AAPU and AMDG; this one sits on BA.
- Leverage in a brokerage wrapper: no margin account, no maintenance calls, and exposure capped at what you put in.direxion.com
- Among the sturdier builds in a crowded field of leveraged bull single-stock funds, and it distributes on a quarterly schedule.
Worth knowing
- At 1.30% a year it costs more than several 2x single-stock rivals, including UNHG, ASMG and AMDG at 0.75%. Financing the leverage sits on top of that.
- The 2x target resets daily. Hold past a day and compounding takes over, so multi-week results can differ sharply from twice Boeing's move, especially in choppy markets.direxion.com
- Launched in 2025 and small, and it has traded lightly since. Spreads deserve a look, and limit orders do more work here than in the marquee single-stock funds.
BOEU Holdings
- Stocks
- 8
- 100%
- Ba Swap Asset Leg (Bagsl)
Sectors
- Industrials100.0%
BOEU Performance
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.
BOEU$6,518
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.
| Period | BOEU |
|---|---|
| Year to date | −35.5% |
| 1 month | −20.4% |
| 3 months | −31.2% |
| 1 year | −34.8% |
| 3 years | — |
| 5 years | — |
| 10 years | — |
Calendar-year total return with cash distributions hypothetically reinvested at the ex-dividend date’s closing price. The current year shows year to date.
| Year | Return bar | BOEU |
|---|---|---|
| 2026 YTD | −35.5% | |
| 2025 | +38.5% |
BOEU in the news
BOEU Dividends
- 3.17%
- $0.77
- $0.15 per share
- Quarterly
Distribution history
BOEU 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.
- 60.9%
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.
- −0.09
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.
- −53.8%
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.
- 2.67
How it’s calculated: beta
The beta figure is supplied by FMP. The comparison index depends on the fund’s broad asset class.
BOEU Cost
1.30%
BOEU1.30%
- The middle half of Single-Stock Long Leveraged funds
- Median 0.98%
235 of the 333 Single-Stock Long Leveraged funds charge less.
Other funds in Single-Stock Long Leveraged
- CAMADefiance Daily Target 2X Long AMAT ETFExpense ratio 1.31%1 year return —
- CBAIGLeverage Shares 2x Long BBAI Daily ETFExpense ratio 0.75%1 year return −95.9%
- CFNGLeverage Shares 2x Long FN Daily ETFExpense ratio 0.99%1 year return —
- CKPDDKraneShares 2X Long PDD Daily ETFExpense ratio 1.26%1 year return −66.8%
- CLLYXDaily Target 2X Long LLY ETFExpense ratio 1.49%1 year return +58.8%