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PYPU

GradeCNew York Stock Exchange Arca

Direxion Daily PYPL Bull 2X ETF

Leveraged · Single-Stock Leveraged · Direxion · Inception 2026-03-25

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.

$30.22−0.22 (−0.74%)

As of Sep 23, 2026, 12:52 PM EDT

History starts Mar 25, 2026.History starts Mar 25, 2026.History starts Mar 25, 2026.
Intraday session: down, 16 prints from 30.44 to 30.22. Range 29.46 to 30.93. Use the arrow keys to read each point.$29.50$30.00$30.50$31.0010 AM12 PM2 PM4 PM
Expense ratio
0.99%
Fund size
$2M
1Y return
—
Yield · Last 12 months
Data unavailable
Volume · 30D
0M sh
NAV per share
$30.93
52W range
low $19.84high $44.63

The ETF.net PYPU Grade

C

40/ 100

Rank 191 of 380 in Single-Stock Long Leveraged⁠

Confidence High

Six-pillar profile for PYPU. Scores out of 100: Cost 51, Risk 83, Mission 95, Tradability 37, Holdings not scored, Durability 51. Strongest: Mission (95). Weakest: Tradability (37). Based on 5 of 6 pillars.
F< 25
D≥ 25
C≥ 40
B≥ 55
A≥ 70

Score 40 of 100 sits in the C band. Bands: A ≥ 70, B ≥ 55, C ≥ 40, D ≥ 25, F < 25; the scale skips E. A structural cap ceilings this fund at 40, so B and A are out of reach.

Ceiling 40 · B and A out of reach

The pillars earned55This cap took−15Published score40 Grade C

  • Cost

    What you pay to own it — the expense ratio plus trading frictions, ranked within its category.
    CScore 51
    Category rank196/380 · mid-pack

  • Mission

    How faithfully it does the job it claims — tracking its mandate or index with minimal slippage.
    AScore 95
    Category rank47/147 · top 32%

  • Risk

    How violently it can move — volatility, drawdown depth, and downside capture versus its category.
    AScore 83
    Category rank20/285 · top 7%

  • Tradability

    How cheaply and easily you can get in and out — liquidity, spread, and premium/discount stability.
    DScore 37
    Category rank238/380 · mid-pack

  • 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.
    CScore 51
    Category rank191/380 · top 50%

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

Our read on PYPU

ETF.net Research

CLeveraged single-stock funds mostly chase chipmakers and megacaps. This one points 2x daily leverage at PayPal instead: a payments wager in one ticker, with all the compounding math a daily reset implies.

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

  1. 01Aims for 200% of PayPal stock's daily move in a single ticker, so no margin account and no stock borrow on your end.direxion.com
  2. 02At 0.99%, the fee sits just under the typical leveraged single-stock fund's expense ratio.
  3. 03Same Direxion daily-reset machinery behind some of the highest-rated 2x single-stock funds in the group, including GGLL and AAPU.

Worth knowing

  1. 01The 2x target resets every day. Hold past one session and compounding takes the wheel, so results can drift from twice PayPal's move, especially in choppy stretches.direxion.com
  2. 02One company, doubled. An earnings miss or a competitor's move lands twice as hard, with no other holdings to cushion it.
  3. 03A 2026 launch that is still small and lightly traded, so bid-ask spreads can run wider than on the category's household names.

PYPU Holdings

As of Sep 22, 2026, 10:03 PM
Asset class
Other
Holdings
—
Top-10 weight
100%
Largest holding
PYPL SWAP ASSET LEG (PYPLGSL)17.0%
The fund’s holdings, weight-ordered — page 1 of 1.
#TickerCompanyWeight %SharesMarket valueIn ETFs
001—PYPL SWAP ASSET LEG (PYPLGSL)16.98%14,687$773K1
002—PYPL SWAP ASSET LEG (PYPLNML)16.46%14,238$749K1
003—PYPL SWAP ASSET LEG (PYPLBCL)15.45%13,363$703K1
004—DREYFUS GOVT CASH MAN INS13.56%617,286$617K108
005—PYPL SWAP ASSET LEG (PYPLCTL)12.67%10,960$577K1
006—GOLDMAN SACHS FIN GOV 465 INSTITUT8.57%390,000$390K75
007—DREYFUS TRSRY SECURITIES CASH MGMT6.45%293,691$294K82
008PYPLPAYPAL HOLDINGS INC5.47%4,729$249K372
009—GOLDMAN FINL SQ TRSRY INST 5064.40%200,124$200K100

Showing 1–9 of 9 holdings

PYPU Performance

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

PYPU$14,307
SPY tracks large US stocks. It provides market context, rather than representing this fund’s strategy, asset class or investment benchmark.$10,415
Jun 22, 2026 to Sep 22, 2026. PYPU $14,307. SPY $10,415. Use the arrow keys to read each point.$8,861$15,147$21,433Jun 2026Aug 2026Sep 2026

Jun 22, 2026 – 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 PYPU. Periods over one year show the average yearly return.
PeriodPYPU
Year to dateFund launched this year—
1 month−28.5%
3 months+43.1%
1 yearFund is under 1 year old—
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 PYPU
YearReturn barPYPU
2026 YTD+21.2%

Since listing, Mar 25, 2026

PYPU in the news

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

PYPU 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
Upcoming payment
$0.31 per share
Pays 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, 2026Pays Sep 29, 2026$0.31
Jun 23, 2026Jun 30, 2026$0.17

PYPU 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.
—
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.

PYPU Cost

Expense ratio0.99%
  • The middle half of Single-Stock Long Leveraged funds
  • Median 0.98%

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

PYPU costs $99.00 a year on $10,000. The median Single-Stock Long Leveraged fund costs $98.00.