Skip to content
etf.net

QCMU

GradeDNASDAQ Global Select

Direxion Daily QCOM Bull 2X ETF

Leveraged · Single-Stock Leveraged · Direxion · Inception 2025-06-25 · SEC filings

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.

$26.09−0.33 (−1.25%)

As of Sep 23, 2026, 2:19 PM EDT

History starts Jun 25, 2025.
Intraday session: down, 49 prints from 26.42 to 26.09. Range 25.20 to 26.46. Use the arrow keys to read each point.$25.50$26.5010 AM12 PM2 PM4 PM
Expense ratio
2.44%
Fund size
$27M
1Y return
−4.9%
Yield · Last 12 months
Data unavailable
Holdings
6
Volume · 30D
0.3M sh
NAV per share
$24.41
52W range
low $13.10high $52.18

The ETF.net QCMU Grade

D

35/ 100

Rank 238 of 380 in Single-Stock Long Leveraged⁠

Confidence High

Six-pillar profile for QCMU. Scores out of 100: Cost 3, Risk 62, Mission 68, Tradability 62, Holdings not scored, Durability 72. Strongest: Durability (72). Weakest: Cost (3). Based on 5 of 6 pillars.
F< 25
D≥ 25
C≥ 40
B≥ 55
A≥ 70

Score 35 of 100 sits in the D band. Bands: A ≥ 70, B ≥ 55, C ≥ 40, D ≥ 25, F < 25; the scale skips E.

  • Cost

    What you pay to own it — the expense ratio plus trading frictions, ranked within its category.
    FScore 3
    Category rank370/380 · bottom quartile

  • Mission

    How faithfully it does the job it claims — tracking its mandate or index with minimal slippage.
    BScore 68
    Category rank140/147 · bottom quartile

  • Risk

    How violently it can move — volatility, drawdown depth, and downside capture versus its category.
    BScore 62
    Category rank84/285 · top 29%

  • Tradability

    How cheaply and easily you can get in and out — liquidity, spread, and premium/discount stability.
    BScore 62
    Category rank127/380 · top 33%

  • 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.
    AScore 72
    Category rank55/380 · top 14%

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

Our read on QCMU

ETF.net Research

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.

Stated mandate

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

  1. 01One 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.
  2. 02Leveraged QCOM exposure inside an ordinary brokerage account: no margin agreement, no options approval, and no loss beyond what you put in.
  3. 03Part 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

  1. 01Cost 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%.
  2. 02The 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.
  3. 03One 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

As of Sep 22, 2026, 10:03 PM
Asset class
Stocks
Holdings
6
Top-10 weight
100%
Largest holding
QCOM SWAP ASSET LEG (QCOMMLL)30.9%

Sectors

  • Technology100.0%
The fund’s holdings, weight-ordered — page 1 of 1.
#TickerCompanyWeight %SharesMarket valueIn ETFs
001—QCOM SWAP ASSET LEG (QCOMMLL)30.93%123,029$24M1
002—QCOM SWAP ASSET LEG (QCOMGSL)21.78%86,641$17M1
003—QCOM SWAP ASSET LEG (QCOMCTL)12.69%50,484$10M1
004—DREYFUS TRSRY SECURITIES CASH MGMT12.40%9,580,416$10M82
005—GOLDMAN FINL SQ TRSRY INST 50610.82%8,362,055$8M100
006QCOMQUALCOMM INC7.34%29,182$6M523
007—DREYFUS GOVT CASH MAN INS4.03%3,113,584$3M108

Showing 1–7 of 7 holdings

QCMU Performance

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

QCMU$9,506
SPY tracks large US stocks. It provides market context, rather than representing this fund’s strategy, asset class or investment benchmark.$11,723
Sep 22, 2025 to Sep 22, 2026. QCMU $9,506. SPY $11,723. Use the arrow keys to read each point.$3,930$11,183$18,437Sep 2025Mar 2026Sep 2026

Sep 22, 2025 – 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 QCMU. Periods over one year show the average yearly return.
PeriodQCMU
Year to date−0.7%
1 month+49.2%
3 months−26.8%
1 year−4.9%
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 QCMU
YearReturn barQCMU
2026 YTD−0.7%
2025+9.9%

Since listing, Jun 25, 2025

QCMU in the news

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

QCMU 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
$0.14 per share
Pays on
Shares bought on or after this date do not qualify for this distribution.
Frequency
Quarterly

Distribution data unavailable.

Distribution history

2025–2026

One bar per payment. 5 payments from 2025 to 2026 YTD. Sep 23, 2025 $0.22; Dec 23, 2025 $0.21; Mar 24, 2026 $0.13; Jun 23, 2026 $0.12; Sep 22, 2026 $0.14. Use the arrow keys to read each point.20252026YTD
Ex-datePay dateAmount per share
Sep 22, 2026Pays Sep 29, 2026$0.14
Jun 23, 2026Jun 30, 2026$0.12
Mar 24, 2026Mar 31, 2026$0.13
Dec 23, 2025Dec 31, 2025$0.21
Sep 23, 2025Sep 30, 2025$0.22

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.

How much the fund’s monthly returns vary, scaled to a year.
138.0%
Annualised · 14 months to Aug 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.
0.38
vs 3-month T-bills · 14 months to Aug 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.
−68.7%
14 months · trough Jul 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.
9.15
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.

QCMU Cost

Expense ratio2.44%
  • The middle half of Single-Stock Long Leveraged funds
  • Median 0.98%

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

QCMU costs $244.00 a year on $10,000. The median Single-Stock Long Leveraged fund costs $98.00.