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Direxion Daily BA Bull 2X ETF

BOEUNasdaqDirexionCThis 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.

$20.31+0.06 (+0.31%)

As of Nov 3, 2026, 10:15 AM ET

C50/ 100

Rank 85 of 380 in Single-Stock Long Leveraged

C50/100Rank 85 of 380inSingle-Stock Long Leveraged
Intraday session: up, 10 prints from 20.25 to 20.31. Range 20.07 to 20.50. Use the arrow keys to read each point.20.1020.2020.4020.5010 AM12 PM2 PM4 PM
Expense ratio
1.06%*
Fund size
$25M
1Y total return
−40.0%
Yield · Last 12 months
3.81%
Holdings
9
Avg volume · 30D
65.3K sh
52W range
low $18.05high $52.46
Launched

*After a fee waiver that ends Sep 1, 2027. Without it: 1.30%.

The ETF.net BOEU Grade

Based on 5 of 6 pillars

C

Score 50 out of 100

Category
Single-Stock Long Leveraged⁠
Rank
85 of 380
Six-pillar profile for BOEU. Scores out of 100: Cost 42, Risk 61, Mission 82, Tradability 48, Holdings not scored, Durability 74. Strongest: Mission (82). Weakest: Cost (42). 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.
    C42 out of 100
    Rank 215 of 380

  • Mission

    Whether the fund did what it promised, tested against its stated mandate.
    A82 out of 100
    Rank 116 of 150

  • Risk

    How the fund held up when markets fell: downside volatility, drawdowns and tail loss.
    B61 out of 100
    Rank 107 of 368

  • Tradability

    How easy the fund is to trade: daily volume, and how far its price strays from net asset value.
    C48 out of 100
    Rank 198 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.
    A74 out of 100
    Rank 46 of 380

Our read on BOEU

ETF.net Research

In short

CTwo times Boeing, one day at a time. BOEU aims for 200% of BA's daily move, resets every night, and beat every other 2x Boeing fund to market. Fee: 1.06% net of a waiver through September 1, 2027 (1.30% gross).

Stated mandate

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

  • First mover: listed in April 2025, it beat the only other 2x Boeing ETF to market by roughly two months.direxion.comleverageshares.com
  • Tracks what it sets out to track: day-to-day results have stayed close to the 200%-of-BA objective, among the stronger implementations in the leveraged single-stock crowd.
  • One job, stated plainly: 200% of Boeing's daily move before fees and expenses. No stock picking, no index committee, nothing buried in the fine print.direxion.com

Worth knowing

  • Daily reset cuts both ways: returns compound off a new base each session, so a choppy stretch can leave the fund well off 2x the period's move.direxion.com
  • Cost sits above the category median: 1.06% net of a waiver through September 1, 2027, and 1.30% gross if that waiver lapses. The rival 2x Boeing fund prices below it.leverageshares.com
  • All eggs, one hangar. A safety headline, a strike, or a delivery miss at Boeing lands twice as hard here, and there is no other holding to soften it.direxion.com

BOEU Performance

Launched Apr 23, 2025

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$6,001
SPY tracks large US stocks. It provides market context, rather than representing this fund’s strategy, asset class or investment benchmark.$11,146
Oct 31, 2025 to Nov 2, 2026. BOEU $6,001. SPY $11,146. Use the arrow keys to read each point.$5,000$10,000$15,000Oct 2025May 2026Nov 2026

Oct 31, 2025 – Nov 2, 2026

Returns run to the Nov 2, 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 BOEU. Periods over one year show the average yearly return.
PeriodBOEU
Year to date−46.3%
1 month−20.5%
3 months−38.8%
1 year−40.0%
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 BOEU
YearReturn barBOEU
2026 YTD−46.3%
2025+38.5%

Since listing, Apr 23, 2025

BOEU in the news

BOEU 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 Nov 2, 2026.
3.81%Last 12 months
Payout per share
$0.77Last 12 months
Last payment
$0.15 per share
Paid on
Shares bought on or after this date do not qualify for this distribution.
Frequency
Quarterly

Distribution history

2025–2026

One bar per payment. 7 payments from 2025 to 2026 YTD. Jun 24, 2025 $0.10; Sep 23, 2025 $0.14; Dec 10, 2025 $0.12; Dec 23, 2025 $0.20; Mar 24, 2026 $0.16; Jun 23, 2026 $0.15; Sep 22, 2026 $0.15. Use the arrow keys to read each point.20252026YTD
Ex-datePay dateAmount per share
Sep 22, 2026Sep 29, 2026$0.15
Jun 23, 2026Jun 30, 2026$0.15
Mar 24, 2026Mar 31, 2026$0.16
Dec 23, 2025Dec 31, 2025$0.20
Dec 10, 2025Dec 17, 2025$0.12
Sep 23, 2025Sep 30, 2025$0.14
Jun 24, 2025Jul 1, 2025$0.10

$10,000 in BOEU 1 year ago paid $231 in dividends.

BOEU Risk

Risk pillarB61 out of 100Rank 107 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.
60.8%
Annualised · 18 months to Oct 2026
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.
−0.28
vs 3-month T-bills · 18 months to Oct 2026
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.
−63.3%
18 months · trough Oct 2026
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.
2.67
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.

BOEU Cost

Compare BOEU and GOGL

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

$15,500

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

  • BOEU 1.06%

    $19,655

  • GOGL 0.20% Tied cheapest

    $4,155

$10,000
30 years

Cost over time

  • BOEU 1.06%
  • 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$20K051015202530BOEU $19,655GOGL $4,155

Year by year

YearBOEUGOGLOverpaying
10$1,864$365$1,499
20$6,987$1,421$5,566
30$19,655$4,155$15,500
How the 1.06% is worked out

Full fee 1.30%− waiver 0.24%= you pay 1.06%

The waiver ends Sep 1, 2027. After that the fee is 1.30% unless Direxion renews it. Source: prospectus, Mar 2026.

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