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Launched · SEC filings

Direxion Daily COIN Bull 2X ETF

CONXNasdaqDirexionBThis 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.

$3.60−0.34 (−8.62%)

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

B58/ 100

Rank 2 of 5 in 2x Long Coinbase (COIN)

B58/100Rank 2 of 5in2x Long Coinbase (COIN)
Intraday session: down, 79 prints from 3.94 to 3.60. Range 3.52 to 3.89. Use the arrow keys to read each point.3.503.703.8010 AM12 PM2 PM4 PM
Expense ratio
0.97%*
Fund size
$5M
1Y total return
No data
Yield · Last 12 months
No data
Holdings
8
Avg volume · 30D
137K sh
52W range
low $3.52high $28.34
Launched
Filings
SEC EDGAR

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

The ETF.net CONX Grade

Based on 5 of 6 pillars

B

Score 58 out of 100

Category
2x Long Coinbase (COIN)⁠
Rank
2 of 5
Six-pillar profile for CONX. Scores out of 100: Cost 38, Risk 63, Mission 93, Tradability 38, Holdings not scored, Durability 52. Strongest: Mission (93). Weakest: Tradability (38). Based on 5 of 6 pillars.

Score 58 of 100 falls in the B 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.
    D38 out of 100
    Rank 4 of 5

  • Mission

    Whether the fund did what it promised, tested against its stated mandate.
    A93 out of 100
    Rank 2 of 4

  • Risk

    How the fund held up when markets fell: downside volatility, drawdowns and tail loss.
    B63 out of 100
    Rank 2 of 5

  • Tradability

    How easy the fund is to trade: daily volume, and how far its price strays from net asset value.
    D38 out of 100
    Rank 4 of 5

  • 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.
    C52 out of 100
    Rank 2 of 5

Our read on CONX

ETF.net Research

In short

BDirexion's entry in the most crowded corner of leveraged single-stock land: 200% of Coinbase's daily move, reset every night. Fee is 0.97% net of a waiver through September 1, 2027.

Stated mandate

The fund seeks daily investment results equal to 200% of the performance of Coinbase Global, Inc. common shares, before fees and expenses.

Why people hold it

  • The job is hitting 200% of COIN's daily move, and this one has tracked that target closely, one of the stronger implementations in the small 2x COIN field.direxion.com
  • 0.97% net of a waiver through September 1, 2027, on a 0.99% gross, which lands near the middle of its peer group. COIX lists 0.20%, with no waiver attached.sec.gov
  • Per its summary prospectus, at least 80% of net assets sit in COIN shares and instruments like swaps. Leveraged exposure arrives as an ordinary ETF share, no margin account or options chain.sec.gov

Worth knowing

  • The leverage resets daily. Over any stretch longer than one trading day, results follow COIN's path, not 200% of its net move, as Direxion's filings spell out.sec.gov
  • A November 2025 launch, and one of the smaller, more moderately traded funds in its group. Thinner volume can show up in your trading costs.
  • Everything rides on one company. And the expense cap is recoupable: the adviser can claw back waived amounts within three years if expenses later fall below the cap.sec.gov

CONX Performance

Launched Nov 19, 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.Not enough history yet.
CONX$2,261
SPY tracks large US stocks. It provides market context, rather than representing this fund’s strategy, asset class or investment benchmark.$11,169
Dec 31, 2025 to Oct 30, 2026. CONX $2,261. SPY $11,169. Use the arrow keys to read each point.$5,000$10,000Dec 2025Jun 2026Oct 2026

Dec 31, 2025 – 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 CONX. Periods over one year show the average yearly return.
PeriodCONX
Year to date−77.4%
1 month−43.6%
3 months−19.4%
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 CONX
YearReturn barCONX
2026 YTD−77.4%
2025−26.3%

Since listing, Nov 19, 2025

CONX in the news

CONX Dividends

Last payment
$0.03 per share
Paid on
Shares bought on or after this date do not qualify for this distribution.
Frequency
Quarterly

Distribution data unavailable.

Distribution history

2025–2026

One bar per payment. 4 payments from 2025 to 2026 YTD. Dec 23, 2025 $0.07; Mar 24, 2026 $0.07; Jun 23, 2026 $0.03; Sep 22, 2026 $0.03. Use the arrow keys to read each point.20252026YTD
Ex-datePay dateAmount per share
Sep 22, 2026Sep 29, 2026$0.03
Jun 23, 2026Jun 30, 2026$0.03
Mar 24, 2026Mar 31, 2026$0.07
Dec 23, 2025Dec 31, 2025$0.07

CONX Risk

Risk pillarB63 out of 100Rank 2 of 5 in 2x Long Coinbase (COIN)

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 Nov 2025; 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 Nov 2025; 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 Nov 2025; 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.
2.23
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.

CONX Cost

Compare CONX and COIX

Overpaying vs COIX, cheapest in 2x Long Coinbase (COIN)

$14,043

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

  • CONX 0.97%

    $18,198

  • COIX 0.20% Cheapest

    $4,155

$10,000
30 years

Cost over time

  • CONX 0.97%
  • COIX 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$20K051015202530CONX $18,198COIX $4,155

Year by year

YearCONXCOIXOverpaying
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 2x Long Coinbase (COIN)

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