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TEXU

GradeFNew York Stock Exchange Arca

Direxion Daily Energy Top 5 Bull 2X ETF

Leveraged · Leveraged & Inverse · Direxion · Inception 2025-10-01

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.

$37.34+0.24 (+0.65%)

As of Sep 23, 2026, 1:50 PM EDT

History starts Oct 1, 2025.History starts Oct 1, 2025.
Intraday session: up, 9 prints from 37.10 to 37.34. Range 37.10 to 38.50. Use the arrow keys to read each point.$37.00$38.00$38.5010 AM12 PM2 PM4 PM
Expense ratio
8.25%
Fund size
$3M
1Y return
—
Yield · Last 12 months
Data unavailable
Volume · 30D
0M sh
NAV per share
$42.78
52W range
low $22.49high $47.18

The ETF.net TEXU Grade

F

22/ 100

Rank 91 of 99 in Leveraged Long (2x & Other)⁠

Confidence Medium

Six-pillar profile for TEXU. Scores out of 100: Cost 0, Risk 62, Mission not scored, Tradability 24, Holdings not scored, Durability 42. Strongest: Risk (62). Weakest: Cost (0). Based on 4 of 6 pillars.
F< 25
D≥ 25
C≥ 40
B≥ 55
A≥ 70

Score 22 of 100 sits in the F band. Bands: A ≥ 70, B ≥ 55, C ≥ 40, D ≥ 25, F < 25; the scale skips E. A structural cap ceilings this fund at 40, so B and A are out of reach.

Ceiling 40 · B and A out of reach

The pillars earned23This cap took−0Published score22 Grade F

  • Cost

    What you pay to own it — the expense ratio plus trading frictions, ranked within its category.
    FScore 0
    Category rank99/99 · bottom quartile

  • Mission

    How faithfully it does the job it claims — tracking its mandate or index with minimal slippage.
    Not scored
    —

  • Risk

    How violently it can move — volatility, drawdown depth, and downside capture versus its category.
    BScore 62
    Category rank32/94 · top 34%

  • Tradability

    How cheaply and easily you can get in and out — liquidity, spread, and premium/discount stability.
    FScore 24
    Category rank80/99 · bottom quartile

  • 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.
    CScore 42
    Category rank61/99 · mid-pack

Graded as of Sep 22, 2026 · Based on 4 of 6 pillars

Our read on TEXU

ETF.net Research

FMost leveraged energy plays spread across the whole sector. TEXU aims at 2x the daily move of just the five biggest S&P 500 energy names, equal weighted. A scalpel rather than a shovel, with a price tag to match.

Stated mandate

The fund seeks daily investment results equal to 200% of the performance of the S&P 500 Energy (Sector) Top 5 Equal Capped Index, before fees and expenses.

Why people hold it

  1. 01Not a whole-sector basket: the index tracks the five largest S&P 500 energy companies by float market cap, and the fund seeks 200% of their daily move.spglobal.com
  2. 02Equal weighting keeps the largest oil major from swamping the basket, so each of the five names carries a similar share of the exposure.spglobal.com
  3. 03Geared exposure arrives in a listed ETF wrapper: no margin account, no futures roll, no options chain to manage.direxion.com

Worth knowing

  1. 01The 2x target resets daily. Hold longer than a day and results can drift well away from twice the index's move over that stretch, especially in choppy markets.direxion.com
  2. 02The listed expense ratio is 8.25%, many times what mainstream leveraged funds such as QLD or FAS charge, and it applies whether energy rises or falls.
  3. 03Five stocks, one sector, one country, then doubled. A single company's news can move the whole fund, and the 2025 launch leaves a short live record.

TEXU Holdings

As of Sep 22, 2026, 10:02 PM
Asset class
Stocks
Holdings
—
Top-10 weight
97%
Largest holding
SPXTE5 SWAP ASSET LEG (SPXTE5CTL)29.8%

Geography

  • United States100.00%
The fund’s holdings, weight-ordered — page 1 of 1.
#TickerCompanyWeight %SharesMarket valueIn ETFs
001—SPXTE5 SWAP ASSET LEG (SPXTE5CTL)29.78%2,331$2M1
002—SPXTE5 SWAP ASSET LEG (SPXTE5MLL)22.26%1,742$2M1
003—GOLDMAN FINL SQ TRSRY INST 5068.10%561,669$562K100
004VLOVALERO ENERGY CORP5.97%1,052$414K395
005MPCMARATHON PETROLEUM CORP5.95%1,025$412K391
006XOMEXXONMOBIL HOLDINGS CORP5.69%2,492$394K501
007CVXCHEVRON CORP5.62%1,914$390K468
008COPCONOCOPHILLIPS5.51%2,998$382K425
009—DREYFUS GOVT CASH MAN INS5.20%360,282$360K108
010—SPXTE5 SWAP ASSET LEG (SPXTE5BCL)3.33%261$231K1
011—GOLDMAN SACHS FIN GOV 465 INSTITUT2.60%180,000$180K75

Showing 1–11 of 11 holdings

TEXU Performance

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

TEXU$15,730
SPY tracks large US stocks. It provides market context, rather than representing this fund’s strategy, asset class or investment benchmark.$11,430
Dec 31, 2025 to Sep 22, 2026. TEXU $15,730. SPY $11,430. Use the arrow keys to read each point.$8,482$14,360$20,238Dec 2025May 2026Sep 2026

Dec 31, 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 TEXU. Periods over one year show the average yearly return.
PeriodTEXU
Year to date+57.3%
1 month−13.4%
3 months+9.3%
1 yearFund is under 1 year old—
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 TEXU
YearReturn barTEXU
2026 YTD+57.3%
2025−3.2%

Since listing, Oct 1, 2025

TEXU in the news

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

TEXU 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
$0.26 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. 4 payments from 2025 to 2026 YTD. Dec 23, 2025 $0.16; Mar 24, 2026 $0.14; Jun 23, 2026 $0.22; Sep 22, 2026 $0.26. Use the arrow keys to read each point.20252026YTD
Ex-datePay dateAmount per share
Sep 22, 2026Pays Sep 29, 2026$0.26
Jun 23, 2026Jun 30, 2026$0.22
Mar 24, 2026Mar 31, 2026$0.14
Dec 23, 2025Dec 31, 2025$0.16

TEXU 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.
—
Launched Oct 2025; fills in after 12 months
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.
—
Launched Oct 2025; fills in after 12 months
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.
—
Launched Oct 2025; fills in after 12 months
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.
−1.43
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.

TEXU Cost

Expense ratio8.25%
  • The middle half of Leveraged Long (2x & Other) funds
  • Median 0.99%

Every other Leveraged Long (2x & Other) fund charges less.

TEXU costs $825.00 a year on $10,000. The median Leveraged Long (2x & Other) fund costs $99.00.