Direxion Daily Magnificent 7 Bull 2X ETF
$63.02−0.76 (−1.19%)
- Expense ratio
- 1.00%
- Fund size
- $76M
- 1Y return
- +15.7%
- Yield · Last 12 months
- 8.42%
- Holdings
- 13
- Volume · 30D
- 0.1M sh
- NAV per share
- $60.59
- 52W range
The ETF.net QQQU Grade
Score 54 of 100 sits in the C 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.CScore 54Category rankMission
How faithfully it does the job it claims — tracking its mandate or index with minimal slippage.Not scoredRisk
How violently it can move — volatility, drawdown depth, and downside capture versus its category.CScore 46Category rankTradability
How cheaply and easily you can get in and out — liquidity, spread, and premium/discount stability.BScore 62Category rankHoldings
What it actually owns — the quality, breadth, and concentration of the underlying portfolio.Not scoredDurability
Whether it will still be here — the fund’s assets, age, flows, and issuer staying power.BScore 62Category rank
Our read on QQQU
CSeven 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
- 97%
- IFOTQP SWAP ASSET LEG (IFOTQPMLL)
Sectors
- Technology46.7%
- Consumer Discr.26.9%
- Communication26.4%
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.
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.
| Period | QQQU |
|---|---|
| Year to date | +13.4% |
| 1 month | +15.8% |
| 3 months | +24.9% |
| 1 year | +15.7% |
| 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 | +13.4% | |
| 2025 | +32.8% | |
| 2024 | +81.9% |
QQQU in the news
ETF.net Research hasn’t filed on QQQU yet — coverage lands here as it’s written.
QQQU Dividends
- 8.42%
- $5.37
- $0.02 per share
- Quarterly
Distribution history
| Ex-date | Pay date | Amount per share |
|---|---|---|
| Jun 23, 2026 | Jun 30, 2026 | $0.02 |
| Mar 24, 2026 | Mar 31, 2026 | $0.03 |
| Dec 23, 2025 | Dec 31, 2025 | $0.0098 |
| Dec 10, 2025 | Dec 17, 2025 | $5.31 |
| Jun 24, 2025 | Jul 1, 2025 | $0.05 |
| Mar 25, 2025 | Apr 1, 2025 | $0.05 |
| Dec 23, 2024 | Dec 31, 2024 | $0.03 |
| Dec 12, 2024 | Dec 19, 2024 | $1.09 |
| Sep 24, 2024 | Oct 1, 2024 | $0.09 |
| Jun 25, 2024 | Jul 2, 2024 | $0.07 |
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.
- 45.2%
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.
- 0.96
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.
- 3.13
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
- The middle half of Leveraged Long (2x & Other) funds
- Median 0.99%
47 of the 93 Leveraged Long (2x & Other) funds charge less.