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Direxion Daily Magnificent 7 Bull 2X ETF

QQQUNYSE 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.

$55.51−0.71 (−1.26%)

As of Nov 2, 2026, 3:59 PM ET

C41/ 100

Rank 36 of 99 in Leveraged Long (2x & Other)

C41/100Rank 36 of 99inLeveraged Long (2x & Other)
Intraday session: down, 79 prints from 56.22 to 55.51. Range 55.51 to 58.47. Use the arrow keys to read each point.57.0057.5058.0058.5010 AM12 PM2 PM4 PM
Expense ratio
0.98%*
Fund size
$70M
1Y total return
−4.7%
Yield · Last 12 months
9.56%
Holdings
13
Avg volume · 30D
37.8K sh
52W range
low $38.42high $67.30
Launched

*After a fee waiver that ends Sep 1, 2027. Without it: 1.00%.

The ETF.net QQQU Grade

Based on 4 of 6 pillars

C

Score 41 out of 100

Category
Leveraged Long (2x & Other)⁠
Rank
36 of 99
Six-pillar profile for QQQU. Scores out of 100: Cost 29, Risk 45, Mission not scored, Tradability 55, Holdings not scored, Durability 62. Strongest: Durability (62). Weakest: Cost (29). Based on 4 of 6 pillars.

Score 41 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.

  • Cost

    The fund’s net expense ratio, ranked against its category.
    D29 out of 100
    Rank 68 of 99

  • Mission

    Whether the fund did what it promised, tested against its stated mandate.
    Not scored

  • Risk

    How the fund held up when markets fell: downside volatility, drawdowns and tail loss.
    C45 out of 100
    Rank 56 of 98

  • Tradability

    How easy the fund is to trade: daily volume, and how far its price strays from net asset value.
    B55 out of 100
    Rank 46 of 99

  • 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.
    B62 out of 100
    Rank 33 of 99

Our read on QQQU

ETF.net Research

In short

CMost leveraged funds amplify a whole index. QQQU levers seven names: it targets 200% of the Magnificent 7 basket's daily move, and Direxion runs an inverse sibling on the same index for the other side.

Stated mandate

The fund seeks daily investment results, before fees and expenses, equal to 200% of the performance of the Indxx Magnificent 7 Index.

Why people hold it

  • Targets 200% of the daily move of the Indxx Magnificent 7 Index, a fixed roster of leading Nasdaq-listed mega-caps, not a 100-stock benchmark.direxion.com
  • 0.98% net of a waiver through September 1, 2027 (1.00% gross), near the leveraged-bull median. QLD is cheaper at 0.89% net of a waiver through September 30, 2027.
  • A 2x dose, not 3x, and paired with a -1x twin on the identical index, so long and short views run on the same benchmark.direxion.com
  • Sits in the upper half of a crowded leveraged-bull field, and pays out quarterly.

Worth knowing

  • Leverage resets daily. Held longer than a day, results can drift from 2x the index's cumulative move, and choppy markets compound that gap.direxion.com
  • Seven stocks, doubled: one earnings night at a single mega-cap can swing the whole fund.
  • Smaller and more thinly traded than the headline index-based leveraged ETFs, so spreads and order size deserve a look before you click.

QQQU Performance

Launched Mar 7, 2024

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.
QQQU$9,531
SPY tracks large US stocks. It provides market context, rather than representing this fund’s strategy, asset class or investment benchmark.$11,199
Oct 31, 2025 to Oct 30, 2026. QQQU $9,531. SPY $11,199. Use the arrow keys to read each point.$8,000$10,000Oct 2025May 2026Oct 2026

Oct 31, 2025 – Oct 30, 2026

Returns run to the Oct 30, 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 QQQU. Periods over one year show the average yearly return.
PeriodQQQU
Year to date−0.1%
1 month−9.1%
3 months+5.4%
1 year−4.7%
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 QQQU
YearReturn barQQQU
2026 YTD−0.1%
2025+32.8%
2024+81.9%

Since listing, Mar 7, 2024

QQQU in the news

QQQU 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 Oct 30, 2026.
9.56%Last 12 months
Payout per share
$5.37Last 12 months
Last payment
$0.02 per share
Paid on
Shares bought on or after this date do not qualify for this distribution.
Frequency
Quarterly

Distribution history

2024–2026

One bar per payment. 10 payments from 2024 to 2026 YTD. Jun 25, 2024 $0.07; Sep 24, 2024 $0.09; Dec 12, 2024 $1.09; Dec 23, 2024 $0.03; Mar 25, 2025 $0.05; Jun 24, 2025 $0.05; Dec 10, 2025 $5.31; Dec 23, 2025 $0.0098; Mar 24, 2026 $0.03; Jun 23, 2026 $0.02. Use the arrow keys to read each point.202420252026YTD
Ex-datePay dateAmount per share
Jun 23, 2026Jun 30, 2026$0.02
Mar 24, 2026Mar 31, 2026$0.03
Dec 23, 2025Dec 31, 2025$0.0098
Dec 10, 2025Dec 17, 2025$5.31
Jun 24, 2025Jul 1, 2025$0.05
Mar 25, 2025Apr 1, 2025$0.05
Dec 23, 2024Dec 31, 2024$0.03
Dec 12, 2024Dec 19, 2024$1.09
Sep 24, 2024Oct 1, 2024$0.09
Jun 25, 2024Jul 2, 2024$0.07

$10,000 in QQQU 1 year ago paid $832 in dividends.

QQQU Risk

Risk pillarC45 out of 100Rank 56 of 98 in Leveraged Long (2x & Other)

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.
44.5%
Annualised · 31 months to Oct 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.
0.89
vs 3-month T-bills · 31 months to Oct 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.
−53.7%
31 months · trough Apr 2025
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.
3.09
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.

QQQU Cost

Compare QQQU and WX

Overpaying vs WX, cheapest in Leveraged Long (2x & Other)

$14,207

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

  • QQQU 0.98%

    $18,362

  • WX 0.20% Cheapest

    $4,155

$10,000
30 years

Cost over time

  • QQQU 0.98%
  • WX 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$20K051015202530QQQU $18,362WX $4,155

Year by year

YearQQQUWXOverpaying
10$1,729$365$1,364
20$6,504$1,421$5,083
30$18,362$4,155$14,207
How the 0.98% is worked out

Full fee 1.00%− waiver 0.02%= you pay 0.98%

The waiver ends Sep 1, 2027. After that the fee is 1.00% unless Direxion renews it. Source: prospectus, Mar 2026.

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