TEXU vs UYG

TEXUDDirexion Daily Energy Top 5 Bull 2X ETF

UYGAProShares Ultra Financials

In short

TEXU Direxion's Titans line sits between a broad sector bet and a single stock: TEXU aims for 200% of the daily move of an equal-weighted index of the five largest S&P 500 energy names. It resets every day.

UYG Listed in January 2007, a year before the banking crash, UYG targets 2x the daily move of the financial stocks in the S&P 500. A veteran of the leveraged shelf, priced at 0.93% with no fee waiver propping that number up.

Stated mandate

TEXU 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.

UYG UYG seeks pre-expense daily results equal to 2x the daily performance of the S&P Financial Select Sector Index. It is designed to provide magnified financials-sector exposure on a daily basis.

Why people hold it

• TEXU Concentrated, but spread across five names: the index holds the top five S&P 500 energy companies at equal weight with caps, so no one ticker runs the whole basket.direxion.comdirexion.com 2
• Fee of 0.98% net of a waiver through September 1, 2027 (gross 8.25%), near the leveraged-bull median and close to long-running peers ROM and UYG at 0.93%.
• Direxion states the mechanics plainly: 200% of the index for a single day, with no expectation of twice the index return over longer stretches. The index and multiple are named in the fund's own fact sheet.direxion.com

• UYG One of the originals: on the tape since January 30, 2007, still running the same mandate of 2x the daily performance of the S&P Financial Select Sector Index.proshares.com
• At 0.93% with no waiver doing the work, it sits near the median fee of its leveraged peer group and level with sibling ROM (0.93%). QLD is 0.89%, but net of a waiver through September 30, 2027.
• The whole sector in one ticker: banks, insurers and capital-markets firms from the S&P 500, roughly 80 names, geared daily.proshares.com
• Stands in the top tier of the leveraged bull funds we grade, a group of close to a hundred tickers.

Worth knowing

• TEXU The daily reset means compounding. Over several choppy days in energy, the result can land well away from twice the index move, in either direction.direxion.com
• A 2025 launch that is still small and thinly traded next to the category's veterans, which can mean wider spreads at the moment you trade.
• That 0.98% rides on a contractual waiver; the gross expense ratio is 8.25%, so the cost picture leans on the waiver currently set to run through September 1, 2027.

• UYG The 2x target is a one-day target and resets each day. Over longer holds the result comes from compounding daily moves, and in choppy markets that can land well off twice the index's return for the period.proshares.com
• One sector, doubled. Financials move with rates, credit conditions and deal flow, and UYG amplifies that daily swing in both directions.
• It changes hands less than the headline leveraged funds, so the spread is worth a look before you place an order.

Full TEXU profile⁠

Full UYG profile⁠