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Direxion Daily PYPL Bull 2X ETF

PYPUNYSE ArcaCThis 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.

$33.94+0.09 (+0.25%)

As of Oct 13, 2026, 3:31 PM

C40/ 100

Rank 131 of 380 in Single-Stock Long Leveraged

C40/100Rank 131 of 380inSingle-Stock Long Leveraged
Intraday session: up, 4 prints from 33.85 to 33.94. Range 33.83 to 33.94. Use the arrow keys to read each point.33.8433.8833.9033.9210 AM12 PM2 PM4 PM
Expense ratio
0.99%
Fund size
$2M
1Y total return
—
Yield · Last 12 months
Data unavailable
Holdings
9
Avg volume · 30D
0M sh
NAV per share
$33.26
52W range
low $19.84high $44.63
Launched

The ETF.net PYPU Grade

Based on 5 of 6 pillars

C

Score 40 out of 100

Category
Single-Stock Long Leveraged⁠
Rank
131 of 380
Six-pillar profile for PYPU. Scores out of 100: Cost 51, Risk 85, Mission 95, Tradability 44, Holdings not scored, Durability 50. Strongest: Mission (95). Weakest: Tradability (44). 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
57
This cap took
−17
Published Score
40 Grade C

  • Cost

    The fund’s net expense ratio, ranked against its category.
    C51 out of 100
    Rank 168 of 380

  • Mission

    Whether the fund did what it promised, tested against its stated mandate.
    A95 out of 100
    Rank 47 of 148

  • Risk

    How the fund held up when markets fell: downside volatility, drawdowns and tail loss.
    A85 out of 100
    Rank 17 of 363

  • Tradability

    How easy the fund is to trade: daily volume, and how far its price strays from net asset value.
    C44 out of 100
    Rank 218 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.
    C50 out of 100
    Rank 188 of 380

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 Oct 13, 2026
Asset class
Other
Holdings
9
Top-10 weight
100%
Largest holding
Pypl Swap Asset Leg (Pyplgsl)19.9%
The fund’s holdings, weight-ordered — page 1 of 1.
#TickerCompanyWeight %SharesMarket valueIn ETFs
001—Pypl Swap Asset Leg (Pyplgsl)19.90%17,191$955K1
002—Pypl Swap Asset Leg (Pyplnml)19.85%17,147$952K1
003—Pypl Swap Asset Leg (Pyplctl)12.25%10,578$587K1
004—Dreyfus Govt Cash Man Ins12.21%585,844$586K108
005—Pypl Swap Asset Leg (Pyplbcl)11.87%10,256$570K1
006—Goldman Sachs Fin Gov 465 Institut8.13%390,000$390K76
007—Dreyfus Trsry Securities Cash Mgmt6.14%294,570$295K84
008PYPLPayPal Holdings Inc5.47%4,729$263K376
009—Goldman Finl Sq Trsry Inst 5064.17%200,124$200K98

Showing 1–9 of 9 holdings

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$13,408
SPY tracks large US stocks. It provides market context, rather than representing this fund’s strategy, asset class or investment benchmark.$10,332
Jul 10, 2026 to Oct 12, 2026. PYPU $13,408. SPY $10,332. Use the arrow keys to read each point.$9,042$13,541$18,041Jul 2026Aug 2026Oct 2026

Jul 10, 2026 – Oct 12, 2026

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.

Trailing total return for PYPU. Periods over one year show the average yearly return.
PeriodPYPU
Year to dateFund launched this year—
1 month+7.1%
3 months+34.1%
1 yearFund is under 1 year old—
3 yearsFund is under 3 years oldper year—
5 yearsFund is under 5 years oldper year—
10 yearsFund is under 10 years oldper 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+34.1%

Since listing, Mar 25, 2026

PYPU in the news

Filtered to PYPU · Single-Stock Long Leveraged

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

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%

167 of the 333 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.

Other funds in Single-Stock Long Leveraged

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