Direxion Daily FTSE Europe Bull 3X ETF
DThis 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.
$41.23+0.74 (+1.83%)
- 1.05%
- $39M
- +15.4%
- 2.06%
- 0M sh
- $40.84
- low $32.90high $52.77
The ETF.net EURL Grade
D
Score 39 out of 100
- 20 of 31
Score 39 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.D33 out of 100Rank 21 of 31Mission
Whether the fund did what it promised, tested against its stated mandate.Risk
How the fund held up when markets fell: downside volatility, drawdowns and tail loss.B69 out of 100Rank 3 of 30Tradability
How easy the fund is to trade: daily volume, and how far its price strays from net asset value.F23 out of 100Rank 29 of 31Holdings
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.C41 out of 100Rank 20 of 31
Our read on EURL
DA 3x daily bet on developed Europe in a category built almost entirely around US benchmarks. EURL aims to deliver 300% of the FTSE Developed Europe All Cap Index's move, for one day at a time.
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
- Rare geography for a leveraged fund: the target is the FTSE Developed Europe All Cap Index, an all-cap basket of developed European stocks rather than another US large-cap benchmark.
- Expenses of 1.05% a year sit in line with the typical 3x bull fund, and far below the 2.74% charged by UPV, the other US fund pointed at the same Europe index.
- Trading since January 2014, a long run for a single-region leveraged product, and it lands in the upper half of Direxion and ProShares' crowded 3x bull field on our review.
Worth knowing
- The 300% objective applies to a single day, not longer stretches. Daily resets compound, so a multi-day result can look nothing like 3x the index over the same window.
- Small and thinly traded next to the big US-index leveraged names, so spreads and order type carry more weight here than in the category's household tickers.
- European markets close before US hours, so the index level driving the daily reset is set overseas while the shares keep trading in New York.
EURL Holdings
- Stocks
- 9
- 100%
- Vgk Swap Asset Leg (Vgkgsl)
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 States100.00%
EURL Performance
Shows how $10,000 changes over the selected period, with cash distributions reinvested at the closing price on each ex-dividend date.
EURL$11,544
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 | EURL |
|---|---|
| Year to date | +0.1% |
| 1 month | −13.5% |
| 3 months | −11.4% |
| 1 year | +15.4% |
| 3 years | +34.7% |
| 5 years | +6.1% |
| 10 years | +9.5% |
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 | EURL |
|---|---|---|
| 2026 YTD | +0.1% | |
| 2025 | +105.7% | |
| 2024 | −11.4% | |
| 2023 | +44.1% | |
| 2022 | −54.4% | |
| 2021 | +46.6% | |
| 2020 | −23.3% |
EURL in the news
EURL Dividends
- 2.06%
- $0.84
- $0.15 per share
- Quarterly
Distribution history
EURL 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.
- 40.1%
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.
- 0.87
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.
- −74.7%
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.
- 2.02
How it’s calculated: beta
The beta figure is supplied by FMP. The comparison index depends on the fund’s broad asset class.
EURL Cost
1.05%
EURL1.05%
- The middle half of 3x Leveraged Long funds
- Median 0.98%
19 of the 30 3x Leveraged Long funds charge less.
Other funds in 3x Leveraged Long
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- DHIBLDirexion Daily S&P 500 High Beta Bull 3X ETFExpense ratio 1.01%1 year return +105.4%
- DTYDDirexion Daily 7-10 Year Treasury Bull 3X ETFExpense ratio 1.08%1 year return −20.7%
- DEDCDirexion Daily MSCI Emerging Markets Bull 3X SharesExpense ratio 1.12%1 year return +60.9%