- ISIN
- US25459Y2809
- CUSIP
- 25459Y280
- Issuer
- Direxion
- Inception Date
- Jan 22, 2014
- Region
- Developed Europe (Broad)
- Category
- Leveraged Equities
- Leveraged
- 3x
- Index Tracked
- FTSE Developed Europe Index (300%)
- Distribution Policy
- Distributing
- Asset Class
- Equity
- Asset Class Size
- Large-Cap
- Asset Class Style
- Blend
- Assets Under Management
- $53M
Share Price Chart
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Performance
EURL Performance Chart
Direxion Daily FTSE Europe Bull 3x Shares (EURL) is up 12.6% since the beginning of the year. EURL is currently trading at $46 per share. Investors who bought $1,000 worth of EURL shares 5 years ago would now be looking at an investment worth $1,403.
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Returns By Period
Direxion Daily FTSE Europe Bull 3x Shares (EURL) has returned 12.63% so far this year and 50.12% over the past 12 months. Over the last ten years, EURL has returned 12.40% per year, falling short of the S&P 500 Index benchmark, which averaged 13.88% annually.
Direxion Daily FTSE Europe Bull 3x Shares
- 1D
- -0.44%
- 1M
- 1.34%
- YTD
- 12.63%
- 6M
- 13.68%
- 1Y
- 50.12%
- 3Y*
- 33.59%
- 5Y*
- 7.01%
- 10Y*
- 12.40%
Benchmark (S&P 500 Index)
- 1D
- -0.37%
- 1M
- -0.01%
- YTD
- 9.16%
- 6M
- 8.64%
- 1Y
- 25.22%
- 3Y*
- 19.78%
- 5Y*
- 11.99%
- 10Y*
- 13.88%
EURL Monthly Returns History
Based on dividend-adjusted daily data since Jan 22, 2014, EURL's average daily return is +0.07%, while the average monthly return is +1.27%. At this rate, an investment would double in approximately 4.6 years.
Historically, 56% of months were positive and 44% were negative. The best month was Nov 2020 with a return of +56.3%, while the worst month was Mar 2020 at -54.8%. The longest winning streak lasted 7 consecutive months, and the longest losing streak was 5 months.
On a daily basis, EURL closed higher 53% of trading days. The best single day was Mar 24, 2020 with a return of +26.8%, while the worst single day was Mar 16, 2020 at -34.7%.
| Jan | Feb | Mar | Apr | May | Jun | Jul | Aug | Sep | Oct | Nov | Dec | Total | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 2026 | 13.54% | 8.93% | -25.55% | 16.98% | 4.00% | 0.54% | 12.63% | ||||||
| 2025 | 18.65% | 11.21% | -0.45% | 5.88% | 16.53% | 5.98% | -8.59% | 9.81% | 5.28% | 0.60% | 2.40% | 10.08% | 105.85% |
| 2024 | -4.81% | 5.85% | 10.54% | -8.72% | 17.95% | -9.51% | 6.65% | 8.71% | 0.03% | -16.67% | -6.91% | -9.27% | -11.42% |
| 2023 | 29.49% | -5.52% | 3.64% | 12.72% | -15.64% | 11.24% | 7.34% | -13.43% | -13.63% | -10.59% | 29.94% | 15.29% | 44.19% |
| 2022 | -11.20% | -16.17% | -3.31% | -18.51% | 5.21% | -28.95% | 13.66% | -22.17% | -28.32% | 24.01% | 41.84% | -6.79% | -54.41% |
| 2021 | -3.75% | 7.42% | 9.37% | 14.03% | 13.41% | -4.78% | 4.77% | 4.92% | -15.83% | 15.08% | -14.20% | 15.21% | 46.59% |
Benchmark Metrics
Direxion Daily FTSE Europe Bull 3x Shares has an annualized alpha of -13.53%, beta of 2.53, and R2 of 0.65 versus S&P 500 Index. Calculated based on daily prices since January 22, 2014.
- This ETF captured 267.15% of S&P 500 Index gains and 224.05% of its losses - amplifying both gains and losses, but participating more in upside than downside.
- This ETF had an annualized alpha of -13.53% versus S&P 500 Index - delivering less than market exposure alone would predict.
- Beta of 2.53 means this ETF moves significantly more than S&P 500 Index - expect amplified gains in rallies and amplified losses in downturns.
- Alpha
- -13.53%
- Beta
- 2.53
- R²
- 0.65
- Upside Capture
- 267.15%
- Downside Capture
- 224.05%
Expense Ratio
EURL has a high expense ratio of 1.07%, indicating above-average management fees.
Return for Risk
Risk / Return Rank
EURL ranks 31 for risk / return — below 31% of ETFs on our site. The returns aren't fully compensating for the risk involved. This isn't necessarily a dealbreaker, but factor it into your decision — especially if you're risk-averse.
Return / Risk — by metrics
The table below present risk-adjusted performance metrics for Direxion Daily FTSE Europe Bull 3x Shares (EURL) and compare them to S&P 500 Index.
Values are calculated on a 1-year rolling basis and updated daily. Risk-adjusted metrics are more stable over longer periods — use the period switch above to explore them.
| EURL | Benchmark | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.97 | ||
| Sortino ratioReturn per unit of downside risk | -1.11 | ||
| Omega ratioGain probability vs. loss probability | 1.20 | 1.37 | -0.17 |
| Calmar ratioReturn relative to maximum drawdown | 1.52 | 2.78 | -1.26 |
| Martin ratioReturn relative to average drawdown | 4.76 | 12.44 | -7.68 |
Dividends
Dividend History
Direxion Daily FTSE Europe Bull 3x Shares provided a 1.39% dividend yield over the last twelve months, with an annual payout of $0.64 per share.
| Period | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 |
|---|---|---|---|---|---|---|---|---|---|---|
| Dividend | $0.64 | $0.62 | $0.72 | $0.59 | $0.30 | $0.13 | $0.11 | $0.40 | $0.61 | $0.14 |
Dividend yield | 1.39% | 1.50% | 3.51% | 2.50% | 1.80% | 0.33% | 0.41% | 1.17% | 3.07% | 0.38% |
Monthly Dividends
The table displays the monthly dividend distributions for Direxion Daily FTSE Europe Bull 3x Shares. The dividends shown in the table have been adjusted to account for any splits that may have occurred.
| Jan | Feb | Mar | Apr | May | Jun | Jul | Aug | Sep | Oct | Nov | Dec | Total | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 2026 | $0.00 | $0.00 | $0.14 | $0.00 | $0.00 | $0.00 | $0.14 | ||||||
| 2025 | $0.00 | $0.00 | $0.12 | $0.00 | $0.00 | $0.30 | $0.00 | $0.00 | $0.05 | $0.00 | $0.00 | $0.15 | $0.62 |
| 2024 | $0.00 | $0.00 | $0.13 | $0.00 | $0.00 | $0.31 | $0.00 | $0.00 | $0.10 | $0.00 | $0.00 | $0.18 | $0.72 |
| 2023 | $0.00 | $0.00 | $0.06 | $0.00 | $0.00 | $0.14 | $0.00 | $0.00 | $0.22 | $0.00 | $0.00 | $0.17 | $0.59 |
| 2022 | $0.00 | $0.00 | $0.06 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.17 | $0.00 | $0.00 | $0.08 | $0.30 |
| 2021 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.09 | $0.00 | $0.00 | $0.04 | $0.13 |
Drawdowns
Drawdowns Chart
The Drawdowns chart displays portfolio losses from any high point along the way. Drawdowns are calculated considering price movements and all distributions paid, if any.
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Worst Drawdowns
The table below displays the maximum drawdowns of the Direxion Daily FTSE Europe Bull 3x Shares. A maximum drawdown is a measure of risk, indicating the largest reduction in portfolio value due to a series of losing trades.
The maximum drawdown for the Direxion Daily FTSE Europe Bull 3x Shares was 84.65%, occurring on Mar 18, 2020. Recovery took 1449 trading sessions.
The current Direxion Daily FTSE Europe Bull 3x Shares drawdown is 9.64%.
Related event | Drawdown | Fall | Recovery | Underwater |
|---|---|---|---|---|
COVID crash2020 | -84.65%Mar 2020 | 2y 1mo | 5y 9mo | 7y 10moJan 2018 - Dec 2025 |
2016 bear market2016 | -67.21%Jun 2016 | 1y 11mo | 1y 7mo | 3y 6moJul 2014 - Jan 2018 |
2026 bear market2026 | -33.05%Mar 2026 | 22d | — | 3mo 27dFeb 2026 - now |
2014 bear market2014 | -20.23%Feb 2014 | 11d | 15d | 26dJan 2014 - Feb 2014 |
2014 correction2014 | -12.32%Mar 2014 | 6d | 1mo 10d | 1mo 16dMar 2014 - Apr 2014 |
Drawdown Indicators
| EURL | Benchmark | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -84.65% | -56.78% | -27.87% |
Max Drawdown (1Y)Largest decline over 1 year | -33.05% | -9.10% | -23.95% |
Max Drawdown (3Y)Largest decline over 3 years | -38.81% | -18.90% | -19.91% |
Max Drawdown (5Y)Largest decline over 5 years | -75.24% | -25.43% | -49.81% |
Max Drawdown (10Y)Largest decline over 10 years | -84.65% | -33.92% | -50.73% |
Current DrawdownCurrent decline from peak | -9.64% | -1.80% | -7.84% |
Average DrawdownAverage peak-to-trough decline | -36.87% | -10.71% | -26.16% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 10.56% | 2.03% | +8.53% |
Volatility
Volatility Chart
The chart below shows the rolling one-month volatility.
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