Direxion Daily Biotech Top 5 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.
$35.92−1.09 (−2.95%)
- 6.27%
- $3M
- +44.2%
- 0M sh
- $36.99
- low $25.71high $45.88
The ETF.net TBXU Grade
D
Score 27 out of 100
- 87 of 99
Score 27 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.
Very small fund, grade capped at C.
The cap holds the Score at 40 or below, so B and A are out of reach.
- The pillars earned
- 27
- This cap took
- −0
- Published Score
- 27
Cost
The fund’s net expense ratio, ranked against its category.F2 out of 100Rank 97 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.B62 out of 100Rank 30 of 96Tradability
How easy the fund is to trade: daily volume, and how far its price strays from net asset value.D38 out of 100Rank 67 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.C41 out of 100Rank 63 of 99
Our read on TBXU
DMost leveraged funds double a whole sector. This one doubles the daily move of just five biotech names, equally weighted. A 2025 Direxion launch built for very short holding periods, with a fee to match its narrowness.
The fund seeks daily results equal to 200% of the NYSE Biotechnology Top 5 Equal Weight Index before fees and expenses.
Why people hold it
- Concentration by design: it aims for 200% of the daily move of an index of five biotech names, so you get the sector's household names without a long tail of micro caps.direxion.com
- Equal weighting means each of the five stocks carries the same load, so one giant does not quietly become the whole fund.direxion.com
- The mandate is spelled out in the fund's own documents: a rules-based index (BIOEW5), a stated 2x daily multiple, and a standard 1940 Act fund wrapper.
Worth knowing
- Cost is the headline trade-off: a 6.27% expense ratio, while the largest leveraged funds (FAS, QLD) sit near 1%.
- The 2x target resets daily. Hold past a day and compounding takes over, so multi-day results can diverge widely from twice the index.
- Small and thinly traded since its 2025 launch, which can mean wider spreads and a short record to judge it on.
TBXU Holdings
- Stocks
- 11
- 97%
- BIOEW5 Swap Asset Leg (BIOEW5BCL)
Geography
- United States83.04%
- Netherlands16.96%
TBXU 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.
TBXU$14,422
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 | TBXU |
|---|---|
| Year to date | +20.4% |
| 1 month | −3.2% |
| 3 months | +15.5% |
| 1 year | +44.2% |
| 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 | TBXU |
|---|---|---|
| 2026 YTD | +20.4% | |
| 2025 | +18.2% |
TBXU in the news
TBXU Dividends
- $0.14 per share
- Quarterly
Distribution data unavailable.
Distribution history
TBXU 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 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.
- —
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.
- −26.5%
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.
- −0.18
How it’s calculated: beta
The beta figure is supplied by FMP. The comparison index depends on the fund’s broad asset class.
TBXU Cost
6.27%
TBXU6.27%
- The middle half of Leveraged Long (2x & Other) funds
- Median 1.00%
92 of the 95 Leveraged Long (2x & Other) funds charge less.
Other funds in Leveraged Long (2x & Other)
- DURAADirexion Daily Uranium Industry Bull 2X ETFExpense ratio 1.46%1 year return −59.7%
- DUVIX2x Long VIX Futures ETFExpense ratio 2.19%1 year return −86.9%
- DUBRProShares - Ultra MSCI Brazil CappedExpense ratio 5.11%1 year return +118.7%
- DXNDXTradr 2X Long XNDU Daily ETFExpense ratio 1.49%1 year return —
- DTEXUDirexion Daily Energy Top 5 Bull 2X ETFExpense ratio 8.25%1 year return +102.6%