Direxion Daily Magnificent 7 Bull 2X ETF
BThis 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.
$66.53+0.67 (+1.01%)
- 1.00%
- $80M
- +31.1%
- 8.15%
- 0M sh
- $65.44
- low $38.42high $66.97
The ETF.net QQQU Grade
B
Score 55 out of 100
- 18 of 99
Score 55 of 100 falls in the B 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.C54 out of 100Rank 45 of 99Mission
Whether the fund did what it promised, tested against its stated mandate.Risk
How the fund held up when markets fell: downside volatility, drawdowns and tail loss.C49 out of 100Rank 54 of 96Tradability
How easy the fund is to trade: daily volume, and how far its price strays from net asset value.B62 out of 100Rank 33 of 99Holdings
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.B62 out of 100Rank 31 of 99
Our read on QQQU
BSeven mega-cap names, one leveraged ticker. QQQU aims for 200% of the Indxx Magnificent 7 Index's daily move, which makes it a day-trader's instrument rather than a set-and-forget holding.
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
- One trade instead of seven: 2x daily exposure to the whole Magnificent 7 basket, so the bet rides the group rather than a single stock's headline.direxion.com
- A 1.00% expense ratio puts it right around the middle of the leveraged bull pack, so you are not paying a premium for the theme.
- Direxion runs a bear fund on the same index, so traders can flip direction on the identical basket without changing index or issuer.direxion.com
- Sits in the upper half of a crowded leveraged bull field, with trading conditions that hold up better than much of that group.
Worth knowing
- The leverage resets daily. Hold past one session and compounding takes over, so multi-day results can land far from 2x the index, especially after choppy stretches.sec.gov
- Seven mega-cap stocks, doubled. Concentration is the whole design, and it magnifies down days as readily as up ones.direxion.com
- Launched in 2024 and repurposed from an earlier concentrated-Qs strategy, so its record across a full market cycle is still short.sec.gov
QQQU Holdings
- Stocks
- 13
- 95%
- Ifotqp Swap Asset Leg (Ifotqpmll)
Sectors
- Technology46.1%
- Communication29.0%
- Consumer Discretionary24.9%
Geography
- United States100.00%
QQQU 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.
QQQU$13,110
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 | QQQU |
|---|---|
| Year to date | +17.2% |
| 1 month | +11.2% |
| 3 months | +16.9% |
| 1 year | +31.1% |
| 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 | QQQU |
|---|---|---|
| 2026 YTD | +17.2% | |
| 2025 | +32.8% | |
| 2024 | +81.9% |
QQQU in the news
QQQU Dividends
- 8.15%
- $5.37
- $0.02 per share
- Quarterly
Distribution history
QQQU 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.
- 44.5%
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.
- 1.00
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.
- −53.7%
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.
- 3.09
How it’s calculated: beta
The beta figure is supplied by FMP. The comparison index depends on the fund’s broad asset class.
QQQU Cost
1.00%
QQQU1.00%
- The middle half of Leveraged Long (2x & Other) funds
- Median 1.00%
47 of the 95 Leveraged Long (2x & Other) funds charge less.
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