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Direxion Daily PANW Bull 2X ETF

PALUNasdaqDirexionBThis 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.

$47.19−3.90 (−7.62%)

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

B56/ 100

Rank 62 of 380 in Single-Stock Long Leveraged

B56/100Rank 62 of 380inSingle-Stock Long Leveraged
Intraday session: down, 79 prints from 51.09 to 47.19. Range 46.99 to 51.01. Use the arrow keys to read each point.48.0049.0050.0010 AM12 PM2 PM4 PM
Expense ratio
1.08%*
Fund size
$29M
1Y total return
+95.1%
Yield · Last 12 months
3.71%
Holdings
11
Avg volume · 30D
117K sh
52W range
low $9.85high $73.47
Launched

*After a fee waiver that ends Sep 1, 2027. Without it: 1.48%.

The ETF.net PALU Grade

Based on 5 of 6 pillars

B

Score 56 out of 100

Category
Single-Stock Long Leveraged⁠
Rank
62 of 380
Six-pillar profile for PALU. Scores out of 100: Cost 40, Risk 74, Mission 96, Tradability 64, Holdings not scored, Durability 77. Strongest: Mission (96). Weakest: Cost (40). Based on 5 of 6 pillars.

Score 56 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.
    C40 out of 100
    Rank 227 of 380

  • Mission

    Whether the fund did what it promised, tested against its stated mandate.
    A96 out of 100
    Rank 30 of 150

  • Risk

    How the fund held up when markets fell: downside volatility, drawdowns and tail loss.
    A74 out of 100
    Rank 59 of 368

  • Tradability

    How easy the fund is to trade: daily volume, and how far its price strays from net asset value.
    B64 out of 100
    Rank 108 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.
    A77 out of 100
    Rank 30 of 380

Our read on PALU

ETF.net Research

In short

BTwo-times daily exposure to Palo Alto Networks, the cybersecurity bellwether, from one of the original leveraged-ETF shops. Direxion listed it in 2025 next to a matching bear fund, so both sides of the PANW trade sit under one roof.

Stated mandate

The fund seeks daily investment results, before fees and expenses, equal to 200% of the performance of Palo Alto Networks common shares.

Why people hold it

  • Aims for 200% of Palo Alto Networks' daily move, before fees and expenses, using swaps and options, so the leverage arrives without a margin account.direxion.com
  • Hews closely to that stated daily target, which places it among the stronger implementations in a crowded leveraged single-stock field.
  • Direxion launched a PANW bear fund on the same day in March 2025, so a trader can take either direction within one fund family and one set of documents.direxion.comdirexion.com 2

Worth knowing

  • The leverage resets every day. Hold longer and results depend on the path PANW takes; choppy stretches can leave returns short of 2x the stock's move over the period.direxion.com
  • Costs 1.08% net of a waiver through September 1, 2027 (1.48% gross), above the category median. PANG targets the same stock at 0.76% with no waiver attached.
  • One company carries the whole fund. A single PANW earnings night lands with roughly double force, and there are no other holdings to soften it.

PALU Performance

Launched Mar 26, 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.
PALU$19,512
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. PALU $19,512. SPY $11,199. Use the arrow keys to read each point.$10,000$20,000Oct 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 PALU. Periods over one year show the average yearly return.
PeriodPALU
Year to date+188.3%
1 month−18.5%
3 months+7.8%
1 year+95.1%
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 PALU
YearReturn barPALU
2026 YTD+188.3%
2025−17.5%

Since listing, Mar 26, 2025

PALU in the news

PALU 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.
3.71%Last 12 months
Payout per share
$1.90Last 12 months
Last payment
$0.11 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 $0.12; Sep 23, 2025 $0.15; Dec 10, 2025 $1.49; Dec 23, 2025 $0.12; Mar 24, 2026 $0.06; Jun 23, 2026 $0.12; Sep 22, 2026 $0.11. Use the arrow keys to read each point.20252026YTD
Ex-datePay dateAmount per share
Sep 22, 2026Sep 29, 2026$0.11
Jun 23, 2026Jun 30, 2026$0.12
Mar 24, 2026Mar 31, 2026$0.06
Dec 23, 2025Dec 31, 2025$0.12
Dec 10, 2025Dec 17, 2025$1.49
Sep 23, 2025Sep 30, 2025$0.15
Jun 24, 2025Jul 1, 2025$0.12

$10,000 in PALU 1 year ago paid $663 in dividends.

PALU Risk

Risk pillarA74 out of 100Rank 59 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.
128.4%
Annualised · 19 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.
0.92
vs 3-month T-bills · 19 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.
−62.1%
19 months · trough Feb 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.
3.31
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.

PALU Cost

Compare PALU and GOGL

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

$15,819

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

  • PALU 1.08%

    $19,974

  • GOGL 0.20% Tied cheapest

    $4,155

$10,000
30 years

Cost over time

  • PALU 1.08%
  • 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$20K051015202530PALU $19,974GOGL $4,155

Year by year

YearPALUGOGLOverpaying
10$1,898$365$1,533
20$7,106$1,421$5,685
30$19,974$4,155$15,819
How the 1.08% is worked out

Full fee 1.48%− waiver 0.40%= you pay 1.08%

The waiver ends Sep 1, 2027. After that the fee is 1.48% unless Direxion renews it. Source: prospectus, Mar 2026.

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