Skip to content
etf.net

CSCL

GradeCNASDAQ Global Select

Direxion Daily CSCO Bull 2X ETF

Leveraged · Single-Stock Leveraged · Direxion · Inception 2025-06-25

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.

$48.41+0.18 (+0.37%)

As of Sep 23, 2026, 2:10 PM EDT

History starts Jun 25, 2025.
Intraday session: up, 39 prints from 48.23 to 48.41. Range 47.94 to 48.70. Use the arrow keys to read each point.$48.00$48.20$48.6010 AM12 PM2 PM4 PM
Expense ratio
2.25%
Fund size
$17M
1Y return
+103.6%
Yield · Last 12 months
Data unavailable
Holdings
6
Volume · 30D
0.1M sh
NAV per share
$52.33
52W range
low $23.40high $77.90

The ETF.net CSCL Grade

C

39/ 100

Rank 212 of 380 in Single-Stock Long Leveraged⁠

Confidence High

Six-pillar profile for CSCL. Scores out of 100: Cost 3, Risk 87, Mission 100, Tradability 55, Holdings not scored, Durability 70. Strongest: Mission (100). Weakest: Cost (3). Based on 5 of 6 pillars.
F< 25
D≥ 25
C≥ 40
B≥ 55
A≥ 70

Score 39 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.
    FScore 3
    Category rank367/380 · bottom quartile

  • Mission

    How faithfully it does the job it claims — tracking its mandate or index with minimal slippage.
    AScore 100
    Category rank2/147 · top 1%

  • Risk

    How violently it can move — volatility, drawdown depth, and downside capture versus its category.
    AScore 87
    Category rank8/285 · top 3%

  • Tradability

    How cheaply and easily you can get in and out — liquidity, spread, and premium/discount stability.
    BScore 55
    Category rank152/380 · top 40%

  • 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.
    AScore 70
    Category rank62/380 · top 16%

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

Our read on CSCL

ETF.net Research

CTwo-times daily leverage aimed at Cisco, the plumbing of corporate networks, rather than the usual momentum darling. One stock, one multiple, reset every day, at a fee that reflects the niche.

Stated mandate

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

Why people hold it

  1. 01The mandate is one line: 200% of Cisco's daily move, before fees and expenses. No basket, no sector wrapper, no manager picking around the edges.direxion.com
  2. 02Since its 2025 launch, daily results have stayed close to that 2x target, and the fund sits in the upper half of the leveraged single-stock group overall.
  3. 03The underlying is a mature networking incumbent, so daily moves tend to be calmer than 2x funds strapped to speculative high-volatility names.
  4. 04Direxion offers bull and bear versions of the same Cisco exposure, so both directions live in one product family with the same daily mechanics.direxion.com

Worth knowing

  1. 01The 2.25% expense ratio runs more than double the category median, and 2x peers such as GGLL and AAPU charge 0.96%.
  2. 02Leverage resets every day. Hold longer and compounding takes over, so a multi-week result can look nothing like 2x Cisco's move over the same stretch.
  3. 03It launched in mid-2025 and is still a small, lightly traded fund, which can mean wider bid-ask spreads than the category's household names.

CSCL Holdings

As of Sep 22, 2026, 10:02 PM
Asset class
Stocks
Holdings
6
Top-10 weight
100%
Largest holding
CSCO SWAP ASSET LEG (CSCOBCL)28.6%

Sectors

  • Technology100.0%
The fund’s holdings, weight-ordered — page 1 of 1.
#TickerCompanyWeight %SharesMarket valueIn ETFs
001—CSCO SWAP ASSET LEG (CSCOBCL)28.63%129,431$14M1
002—CSCO SWAP ASSET LEG (CSCOGSL)18.56%83,897$9M1
003—CSCO SWAP ASSET LEG (CSCOMLL)16.32%73,778$8M1
004—DREYFUS GOVT CASH MAN INS9.13%4,602,044$5M108
005—GOLDMAN SACHS FIN GOV 465 INSTITUT8.91%4,490,000$4M75
006—DREYFUS TRSRY SECURITIES CASH MGMT7.46%3,760,035$4M82
007—GOLDMAN FINL SQ TRSRY INST 5065.59%2,814,283$3M100
008CSCOCISCO SYSTEMS INC3.11%14,066$2M567
009—CSCO SWAP ASSET LEG (CSCOCTL)2.17%9,813$1M1
010—CSCO SWAP ASSET LEG (CSCONML)0.11%500$56K1

Showing 1–10 of 10 holdings

CSCL Performance

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

CSCL$20,364
SPY tracks large US stocks. It provides market context, rather than representing this fund’s strategy, asset class or investment benchmark.$11,723
Sep 22, 2025 to Sep 22, 2026. CSCL $20,364. SPY $11,723. Use the arrow keys to read each point.$7,681$21,092$34,503Sep 2025Mar 2026Sep 2026

Sep 22, 2025 – 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 CSCL. Periods over one year show the average yearly return.
PeriodCSCL
Year to date+62.4%
1 month−10.0%
3 months−27.8%
1 year+103.6%
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 CSCL
YearReturn barCSCL
2026 YTD+62.4%
2025+20.5%

Since listing, Jun 25, 2025

CSCL in the news

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

CSCL 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
$0.18 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. Sep 23, 2025 $0.21; Dec 23, 2025 $0.19; Mar 24, 2026 $0.18; Jun 23, 2026 $0.18. Use the arrow keys to read each point.20252026YTD
Ex-datePay dateAmount per share
Jun 23, 2026Jun 30, 2026$0.18
Mar 24, 2026Mar 31, 2026$0.18
Dec 23, 2025Dec 31, 2025$0.19
Sep 23, 2025Sep 30, 2025$0.21

CSCL 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.
74.5%
Annualised · 14 months to Aug 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.
1.07
vs 3-month T-bills · 14 months to Aug 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.
−37.6%
14 months · trough Sep 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.
3.90
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.

CSCL Cost

Expense ratio2.25%
  • The middle half of Single-Stock Long Leveraged funds
  • Median 0.98%

315 of the 329 Single-Stock Long Leveraged funds charge less.

CSCL costs $225.00 a year on $10,000. The median Single-Stock Long Leveraged fund costs $98.00.