USLV vs WX

USLVDDirexion Daily Silver Bull 2X ETF

WXCCorgi All World 2x Daily ETF

In short

USLV Silver leverage without the futures plumbing: USLV targets 200% of silver's daily move by referencing SLV, the physically backed silver trust, in a 1940 Act fund that trades like any stock and skips the K-1.

WX —No data

Stated mandate

USLV The fund seeks daily investment results equal to 200% of Silver's price performance before fees and expenses.

WX —No data

Why people hold it

• USLV Direxion calls it an industry first: 2X daily leverage aimed at spot silver, referencing the physically backed iShares Silver Trust instead of a futures roll schedule.direxion.com
• A registered 1940 Act fund, so it trades in an ordinary brokerage account and, per Direxion's materials, avoids K-1 paperwork.direxion.com
• The mandate is plain: 200% of silver's price performance, measured day by day, before fees and expenses.

WX —No data

Worth knowing

• USLV The 2X target is a one-day target. Held through a choppy silver tape, compounding can leave results far from twice the period's move.sec.gov
• 1.10% net of a waiver through September 1, 2027 (1.12% gross), above the category median; index-based peers like QLD (0.89% net of a waiver through September 30, 2027) cost less.
• Launched May 2026, so the track record is short, and with a small asset base it is moderately traded rather than a volume giant.

WX —No data

Full USLV profile⁠

Full WX profile⁠