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Launched

Direxion Daily PYPL Bull 2X ETF

PYPUNYSE ArcaDirexionCThis 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.

$38.320.00 (0.00%)

As of Nov 10, 2026, 9:46 AM ET

C40/ 100

Rank 136 of 367 in Single-Stock Long Leveraged

C40/100Rank 136 of 367inSingle-Stock Long Leveraged
Intraday session: flat, 1 prints from 38.32 to 38.32. Range 38.32 to 38.32. Use the arrow keys to read each point.37.5038.0039.0010 AM12 PM2 PM4 PM
Expense ratio
0.97%*
Fund size
$2M
1Y total return
No data
Yield · Last 12 months
No data
Holdings
8
Avg volume · 30D
6.73K sh
52W range
low $19.84high $44.63
Launched

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

The ETF.net PYPU Grade

Based on 5 of 6 pillars

C

Score 40 out of 100

Category
Single-Stock Long Leveraged⁠
Rank
136 of 367
Six-pillar profile for PYPU. Scores out of 100: Cost 56, Risk 92, Mission 91, Tradability 40, Holdings not scored, Durability 51. Strongest: Risk (92). Weakest: Tradability (40). Based on 5 of 6 pillars.

Score 40 of 100 falls in the C band. A is 70 or higher, B 55 to under 70, C 40 to under 55, D 25 to under 40, F under 25.

Very small fund, grade capped at C.

The cap holds the Score at 40 or below, so B and A are out of reach.

The pillars earned
60
This cap took
−20
Published Score
40 Grade C

  • Cost

    The fund’s net expense ratio, ranked against its category.
    B56 out of 100
    Rank 156 of 367

  • Mission

    Whether the fund did what it promised, tested against its stated mandate.
    A91 out of 100
    Rank 71 of 143

  • Risk

    How the fund held up when markets fell: downside volatility, drawdowns and tail loss.
    A92 out of 100
    Rank 9 of 363

  • Tradability

    How easy the fund is to trade: daily volume, and how far its price strays from net asset value.
    C40 out of 100
    Rank 237 of 367

  • 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.
    C51 out of 100
    Rank 170 of 367

Our read on PYPU

ETF.net Research

In short

CMost leveraged single-stock ETFs chase chips and crypto. PYPU aims 2x daily leverage at PayPal instead, for 0.97% net of a waiver through September 1, 2027. A one-stock trade that resets every day, not a buy-and-hold holding.

Stated mandate

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

Why people hold it

  • Aims for 200% of PayPal stock's daily move, so a bullish view on one payments name can be expressed in a plain brokerage account, no margin or options approval needed.direxion.com
  • Day to day it has tracked its stated 200% target closely, one of the tighter implementations in a crowded field of geared single-stock funds.
  • Costs 0.97% net of a waiver through September 1, 2027 (0.99% gross), near the typical fee for leveraged single-stock ETFs.
  • Launched March 2026 inside Direxion's single-stock lineup, alongside 2x bull funds on Adobe, Texas Instruments and UnitedHealth.direxion.com

Worth knowing

  • The 2x target resets daily. Hold longer and compounding takes over, so multi-day results can land well above or below twice PayPal's move over the same stretch.direxion.com
  • Small and thinly traded since its 2026 launch, which can widen spreads. Checking the quote matters more here than in a mega-fund.
  • Cheaper alternatives exist in the category: peers OKTG (0.75%) and TSMG (0.76%) charge less, with no waiver holding those numbers down.

PYPU Performance

Launched Mar 25, 2026

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.Not enough history yet.
PYPU$9,637
SPY tracks large US stocks. It provides market context, rather than representing this fund’s strategy, asset class or investment benchmark.$9,758
Aug 7, 2026 to Nov 9, 2026. PYPU $9,637. SPY $9,758. Use the arrow keys to read each point.$8,000$9,000$10,000$11,000Aug 2026Sep 2026Nov 2026

Aug 7, 2026 – Nov 9, 2026

Returns run to the Nov 9, 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 PYPU. Periods over one year show the average yearly return.
PeriodPYPU
Year to dateFund launched this yearNo data
1 month+15.3%
3 months−3.6%
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 PYPU
YearReturn barPYPU
2026 YTD+51.8%

Since listing, Mar 25, 2026

PYPU in the news

PYPU Dividends

Last payment
$0.31 per share
Paid on
Shares bought on or after this date do not qualify for this distribution.
Frequency
Quarterly

Distribution data unavailable.

Distribution history

2026

One bar per payment. 2 payments in 2026 YTD. Jun 23, 2026 $0.17; Sep 22, 2026 $0.31. Use the arrow keys to read each point.2026YTD
Ex-datePay dateAmount per share
Sep 22, 2026Sep 29, 2026$0.31
Jun 23, 2026Jun 30, 2026$0.17

PYPU Risk

Risk pillarA92 out of 100Rank 9 of 363 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.
Launched Mar 2026; 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 Mar 2026; 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 Mar 2026; 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.
−1.26
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.

PYPU Cost

Compare PYPU and GOGL

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

$14,043

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

  • PYPU 0.97%

    $18,198

  • GOGL 0.20% Tied cheapest

    $4,155

$10,000
30 years

Cost over time

  • PYPU 0.97%
  • 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$20K051015202530PYPU $18,198GOGL $4,155

Year by year

YearPYPUGOGLOverpaying
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.

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