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Launched · SEC filings

Direxion Daily FTSE Europe Bull 3X ETF

EURLNYSE ArcaDirexionDThis 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.

$43.34+1.00 (+2.37%)

As of Nov 2, 2026, 3:59 PM ET

D35/ 100

Rank 22 of 31 in 3x Leveraged Long

D35/100Rank 22 of 31in3x Leveraged Long
Intraday session: up, 78 prints from 42.34 to 43.34. Range 43.28 to 44.00. Use the arrow keys to read each point.43.0044.0010 AM12 PM2 PM4 PM
Expense ratio
1.04%*
Fund size
$41M
1Y total return
+17.7%
Yield · Last 12 months
1.98%
Holdings
9
Avg volume · 30D
15K sh
52W range
low $32.90high $52.77
Launched
Filings
SEC EDGAR

*After a fee waiver that ends Sep 1, 2027. Without it: 1.05%.

The ETF.net EURL Grade

Based on 4 of 6 pillars

D

Score 35 out of 100

Category
3x Leveraged Long⁠
Rank
22 of 31
Six-pillar profile for EURL. Scores out of 100: Cost 20, Risk 69, Mission not scored, Tradability 30, Holdings not scored, Durability 44. Strongest: Risk (69). Weakest: Cost (20). Based on 4 of 6 pillars.

Score 35 of 100 falls in the D 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.
    F20 out of 100
    Rank 25 of 31

  • Mission

    Whether the fund did what it promised, tested against its stated mandate.
    Not scored

  • Risk

    How the fund held up when markets fell: downside volatility, drawdowns and tail loss.
    B69 out of 100
    Rank 4 of 30

  • Tradability

    How easy the fund is to trade: daily volume, and how far its price strays from net asset value.
    D30 out of 100
    Rank 25 of 31

  • 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.
    C44 out of 100
    Rank 18 of 31

Our read on EURL

ETF.net Research

In short

DMost 3x bull funds point at US indexes and sectors. EURL aims the same machinery at Europe, seeking 300% of the FTSE Developed Europe All Cap Index's move for one day at a time, at 1.04% net of a waiver through September 1, 2027.

Stated mandate

The fund seeks a daily return equal to 300% of the FTSE Developed Europe All Cap Index's performance, before fees and expenses. Its objective applies to a single day rather than longer cumulative periods.

Why people hold it

  • A single-ticker way to take a leveraged swing at Europe: 3x daily exposure to a broad all-cap developed-Europe index rather than a sector sliver or a basket of ADRs.direxion.com
  • Running since 2014, so the structure has a long live history on the tape, not a backtest, through more than a decade of European politics and rate cycles.direxion.com
  • The mandate is refreshingly blunt: 300% of the index for a single day, reset daily, with Direxion's own documents saying not to expect 3x over longer stretches.direxion.com

Worth knowing

  • Cost sits above the category's typical 3x fee: 1.04% net of a waiver through September 1, 2027 (1.05% gross), versus SOXL at 0.75% net of its own waiver to September 1, 2027.
  • A small fund that trades thinly next to the lineup's headline tickers, which tends to show up as wider bid-ask spreads around the quoted price.
  • Daily reset makes multi-day results path-dependent: a choppy round trip in the index can leave the fund lower even if the index ends flat.direxion.com

EURL Holdings

Asset class
Stocks
Holdings
9
Top-10 weight
100%
Largest holding
Vgk Swap Asset Leg (Vgkjpl)33.9%

Sectors

  • Financials25.3%
  • Industrials19.8%
  • Health Care12.1%
  • Technology9.0%
  • Consumer Staples7.5%
  • Consumer Discretionary6.9%
  • Materials5.5%
  • Energy5.1%
  • Utilities4.3%
  • Communication2.9%
  • Real Estate1.5%

Geography

  • United Kingdom21.68%
  • Switzerland14.42%
  • Germany12.91%
  • France12.66%
  • Netherlands9.01%
  • Spain5.95%
  • Sweden5.86%
  • Italy5.06%
  • Other countries (18)12.44%

Developed 98% · Emerging 2% of the foreign sleeve

The fund’s holdings, weight-ordered — page 1 of 1.
#TickerCompanyWeight %SharesMarket valueHeld by ETFs
1No dataVgk Swap Asset Leg (Vgkjpl)33.91%564,502$49.8M1
2No dataVgk Swap Asset Leg (Vgkctl)29.68%494,113$43.6M1
3VGKVanguard Ftse Europe Etf12.24%203,748$18M9
4No dataGoldman Finl Sq Trsry Inst 50611.75%17,245,004$17.2M95
5No dataVgk Swap Asset Leg (Vgkbpl)4.07%67,817$5.98M1
6No dataVgk Swap Asset Leg (Vgkgsl)3.67%61,104$5.39M1
7No dataDreyfus Govt Cash Man Ins2.88%4,227,777$4.23M105
8No dataVgk Swap Asset Leg (Vgkubl)1.06%17,658$1.56M1
9No dataDreyfus Trsry Securities Cash Mgmt0.73%1,078,377$1.08M77

Showing 1–9 of 9 holdings

EURL Performance

Launched Jan 22, 2014

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

EURL$11,767
SPY tracks large US stocks. It provides market context, rather than representing this fund’s strategy, asset class or investment benchmark.$11,199
Oct 31, 2025 to Oct 30, 2026. EURL $11,767. SPY $11,199. Use the arrow keys to read each point.$10,000$12,000$14,000Oct 2025Apr 2026Oct 2026

Oct 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 EURL. Periods over one year show the average yearly return.
PeriodEURL
Year to date+4.4%
1 month+0.7%
3 months−13.0%
1 year+17.7%
3 yearsper year+41.8%
5 yearsper year+4.3%
10 yearsper year+10.1%

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 EURL
YearReturn barEURL
2026 YTD+4.4%
2025+105.7%
2024−11.4%
2023+44.1%
2022−54.4%
2021+46.6%
2020−23.3%

EURL in the news

EURL 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 Oct 30, 2026.
1.98%Last 12 months
Payout per share
$0.84Last 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

2017–2026

One bar per payment. 29 payments from 2017 to 2026 YTD. Dec 19, 2017 $0.14; Jun 17, 2018 $0.14; Sep 25, 2018 $0.37; Dec 27, 2018 $0.10; Mar 19, 2019 $0.06; Jun 25, 2019 $0.25; Dec 23, 2019 $0.09; Mar 24, 2020 $0.06; Dec 22, 2020 $0.05; Sep 21, 2021 $0.09; Dec 21, 2021 $0.04; Mar 22, 2022 $0.06; Sep 20, 2022 $0.17; Dec 20, 2022 $0.08; Mar 21, 2023 $0.06; Jun 21, 2023 $0.14; Sep 19, 2023 $0.22; Dec 21, 2023 $0.17; Mar 19, 2024 $0.13; Jun 25, 2024 $0.31; Sep 24, 2024 $0.10; Dec 23, 2024 $0.18; Mar 25, 2025 $0.12; Jun 24, 2025 $0.30; Sep 23, 2025 $0.05; Dec 23, 2025 $0.15; Mar 24, 2026 $0.14; Jun 23, 2026 $0.39; Sep 22, 2026 $0.15. Use the arrow keys to read each point.2017201820192020202120222023202420252026YTD
Ex-datePay dateAmount per share
Sep 22, 2026Sep 29, 2026$0.15
Jun 23, 2026Jun 30, 2026$0.39
Mar 24, 2026Mar 31, 2026$0.14
Dec 23, 2025Dec 31, 2025$0.15
Sep 23, 2025Sep 30, 2025$0.05
Jun 24, 2025Jul 1, 2025$0.30
Mar 25, 2025Apr 1, 2025$0.12
Dec 23, 2024Dec 31, 2024$0.18
Sep 24, 2024Oct 1, 2024$0.10
Jun 25, 2024Jul 2, 2024$0.31
Mar 19, 2024Mar 26, 2024$0.13
Dec 21, 2023Dec 29, 2023$0.17

See all 32 payments⁠

$10,000 in EURL 10 years ago paid $2,428 in dividends.⁠

EURL Risk

Risk pillarB69 out of 100Rank 4 of 30 in 3x Leveraged Long

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.
39.3%
Annualised · 36 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.
0.98
vs 3-month T-bills · 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.
−74.7%
Trough Oct 2022
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.
2.02
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.

EURL Cost

Compare EURL and SOXL

Overpaying vs SOXL, cheapest in 3x Leveraged Long

$4,852

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

  • EURL 1.04%

    $19,334

  • SOXL 0.75% Cheapest

    $14,482

$10,000
30 years

Cost over time

  • EURL 1.04%
  • SOXL 0.75%
  • Overpaying
One line per fund, from year 0 to year 30. Use the arrow keys to read each point.$0$5K$10K$15K$20K051015202530EURL $19,334SOXL $14,482

Year by year

YearEURLSOXLOverpaying
10$1,831$1,336$495
20$6,867$5,078$1,789
30$19,334$14,482$4,852
How the 1.04% is worked out

Full fee 1.05%− waiver 0.01%= you pay 1.04%

The waiver ends Sep 1, 2027. After that the fee is 1.05% unless Direxion renews it. Source: prospectus, Mar 2026.

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