Launch Roundup
Subversive ETFs listed S&P 500 and Nasdaq-100 funds that exclude Elon Musk's companies
Direxion Daily QCOM Bull 2X 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.
$20.72+0.55 (+2.74%)
- 2.44%
- $24M
- −10.1%
- 2.94%
- 0.2M sh
- $20.42
- low $13.10high $52.18
The ETF.net QCMU Grade
D
Score 35 out of 100
- 296 of 380
Score 35 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.F3 out of 100Rank 367 of 380Mission
Whether the fund did what it promised, tested against its stated mandate.B67 out of 100Rank 141 of 148Risk
How the fund held up when markets fell: downside volatility, drawdowns and tail loss.B59 out of 100Rank 124 of 363Tradability
How easy the fund is to trade: daily volume, and how far its price strays from net asset value.B67 out of 100Rank 94 of 380Holdings
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.A72 out of 100Rank 54 of 380
Our read on QCMU
DA single-purpose instrument for people with a view on Qualcomm: QCMU aims to deliver 200% of QCOM's daily move, reset every day. Direxion launched it in 2025, and the fee sits at the premium end of the leveraged single-stock shelf.
The fund seeks daily investment results equal to 200% of the performance of QUALCOMM Incorporated common shares before fees and expenses.
Why people hold it
- One job, stated plainly: 200% of Qualcomm's daily move before fees and expenses. No chip basket diluting the call, no index committee in the middle.
- Leveraged QCOM exposure inside an ordinary brokerage account: no margin agreement, no options approval, and no loss beyond what you put in.
- Part of Direxion's wider single-stock 2x lineup, alongside funds on Apple (AAPU) and Alphabet (GGLL), so the plumbing and daily-reset mechanics are familiar territory.
Worth knowing
- Cost is the headline trade-off: a 2.44% expense ratio, while Direxion's own 2x funds on Apple (AAPU) and Alphabet (GGLL) charge 0.96%.
- The target is 200% of one day's move, not the month's or the year's. Hold past the close and compounding pulls results away from twice the period return.
- One company, doubled. A single earnings print or licensing headline at Qualcomm lands at twice the size, both directions. The fund is also young, launched in 2025, and small.
QCMU Holdings
- Stocks
- 7
- 100%
- Qcom Swap Asset Leg (Qcommll)
Sectors
- Technology100.0%
QCMU Performance
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.
QCMU$8,985
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 | QCMU |
|---|---|
| Year to date | −24.2% |
| 1 month | −11.0% |
| 3 months | −20.7% |
| 1 year | −10.1% |
| 3 years | — |
| 5 years | — |
| 10 years | — |
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 | QCMU |
|---|---|---|
| 2026 YTD | −24.2% | |
| 2025 | +9.9% |
QCMU in the news
QCMU Dividends
- 2.94%
- $0.59
- $0.14 per share
- Quarterly
Distribution history
QCMU 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.
- 133.3%
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.
- 0.45
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.
- −68.7%
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.
- 8.83
How it’s calculated: beta
The beta figure is supplied by FMP. The comparison index depends on the fund’s broad asset class.
QCMU Cost
2.44%
QCMU2.44%
- The middle half of Single-Stock Long Leveraged funds
- Median 0.98%
322 of the 333 Single-Stock Long Leveraged funds charge less.
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- DOSCXDefiance Daily Target 2X Long OSCR ETFExpense ratio 1.32%1 year return +53.2%
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- DRVNLGraniteShares 2x Long RIVN Daily ETFExpense ratio 7.90%1 year return −39.0%