- CUSIP
- 25461A650
- Issuer
- Direxion
- Inception Date
- Mar 7, 2024
- Region
- North America (U.S.)
- Category
- Leveraged Equities
- Leveraged
- 2x
- Index Tracked
- Indxx Magnificent 7 Index (200%)
- Domicile
- United States
- Distribution Policy
- Distributing
- Asset Class
- Equity
- Asset Class Size
- Large-Cap
- Asset Class Style
- Growth
- Assets Under Management
- $66M
Share Price Chart
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Performance
QQQU Performance Chart
Direxion Daily Magnificent 7 Bull 2X Shares (QQQU) is down 9.3% since the beginning of the year. QQQU is currently trading at $51 per share.
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Returns By Period
Direxion Daily Magnificent 7 Bull 2X Shares (QQQU) has returned -9.25% so far this year and 40.03% over the past 12 months.
Direxion Daily Magnificent 7 Bull 2X Shares
- 1D
- -4.73%
- 1M
- -15.23%
- YTD
- -9.25%
- 6M
- -10.63%
- 1Y
- 40.03%
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
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%
QQQU Monthly Returns History
Based on dividend-adjusted daily data since Mar 7, 2024, QQQU's average daily return is +0.20%, while the average monthly return is +3.79%. At this rate, an investment would double in approximately 1.6 years.
Historically, 61% of months were positive and 39% were negative. The best month was Apr 2026 with a return of +30.1%, while the worst month was Mar 2025 at -21.0%. The longest winning streak lasted 6 consecutive months, and the longest losing streak was 3 months.
On a daily basis, QQQU closed higher 54% of trading days. The best single day was Apr 9, 2025 with a return of +27.0%, while the worst single day was Apr 3, 2025 at -13.3%.
| Jan | Feb | Mar | Apr | May | Jun | Jul | Aug | Sep | Oct | Nov | Dec | Total | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 2026 | 0.20% | -14.69% | -11.89% | 30.08% | 13.02% | -18.04% | -9.25% | ||||||
| 2025 | 3.31% | -16.53% | -21.00% | -2.69% | 27.66% | 10.65% | 11.79% | 3.50% | 17.22% | 9.68% | -4.85% | 0.24% | 32.87% |
| 2024 | 3.81% | -4.92% | 16.06% | 17.87% | -2.24% | -2.85% | 12.67% | -0.85% | 17.71% | 11.29% | 87.67% |
Benchmark Metrics
Direxion Daily Magnificent 7 Bull 2X Shares has an annualized alpha of -2.99%, beta of 2.94, and R2 of 0.78 versus S&P 500 Index. Calculated based on daily prices since March 07, 2024.
- This ETF captured 412.52% of S&P 500 Index gains and 265.23% of its losses - amplifying both gains and losses, but participating more in upside than downside.
- This ETF had an annualized alpha of -2.99% versus S&P 500 Index - delivering less than market exposure alone would predict.
- Beta of 2.94 means this ETF moves significantly more than S&P 500 Index - expect amplified gains in rallies and amplified losses in downturns.
- Alpha
- -2.99%
- Beta
- 2.94
- R²
- 0.78
- Upside Capture
- 412.52%
- Downside Capture
- 265.23%
Expense Ratio
QQQU has a high expense ratio of 0.98%, indicating above-average management fees.
Return for Risk
Risk / Return Rank
QQQU ranks 26 for risk / return — below 26% 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 Magnificent 7 Bull 2X Shares (QQQU) 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.
| QQQU | Benchmark | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -1.05 | ||
| Sortino ratioReturn per unit of downside risk | -1.29 | ||
| Omega ratioGain probability vs. loss probability | 1.18 | 1.37 | -0.18 |
| Calmar ratioReturn relative to maximum drawdown | 1.11 | 2.78 | -1.68 |
| Martin ratioReturn relative to average drawdown | 3.33 | 12.44 | -9.11 |
Dividends
Dividend History
Direxion Daily Magnificent 7 Bull 2X Shares provided a 10.57% dividend yield over the last twelve months, with an annual payout of $5.40 per share.
| Period | TTM | 2025 | 2024 |
|---|---|---|---|
| Dividend | $5.40 | $5.42 | $1.28 |
Dividend yield | 10.57% | 9.62% | 2.75% |
Monthly Dividends
The table displays the monthly dividend distributions for Direxion Daily Magnificent 7 Bull 2X 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 | $0.03 | $0.00 | $0.00 | $0.00 | $0.03 | ||||||
| 2025 | $0.00 | $0.00 | $0.05 | $0.00 | $0.00 | $0.05 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $5.32 | $5.42 |
| 2024 | $0.07 | $0.00 | $0.00 | $0.09 | $0.00 | $0.00 | $1.12 | $1.28 |
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 Magnificent 7 Bull 2X 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 Magnificent 7 Bull 2X Shares was 53.70%, occurring on Apr 21, 2025. Recovery took 97 trading sessions.
The current Direxion Daily Magnificent 7 Bull 2X Shares drawdown is 18.94%.
Related event | Drawdown | Fall | Recovery | Underwater |
|---|---|---|---|---|
2025 selloff2025 | -53.70%Apr 2025 | 4mo 4d | 4mo 21d | 8mo 25dDec 2024 - Sep 2025 |
2026 bear market2026 | -36.29%Mar 2026 | 5mo 1d | 1mo 14d | 6mo 15dOct 2025 - May 2026 |
2024 bear market2024 | -33.84%Aug 2024 | 27d | 3mo 2d | 3mo 29dJul 2024 - Nov 2024 |
2026 correction2026 | -18.94%Jun 2026 | 1mo 8d | — | 1mo 9dMay 2026 - now |
2024 correction2024 | -17.28%Apr 2024 | 7d | 26d | 1mo 3dApr 2024 - May 2024 |
Drawdown Indicators
| QQQU | Benchmark | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -53.70% | -56.78% | +3.08% |
Max Drawdown (1Y)Largest decline over 1 year | -36.29% | -9.10% | -27.19% |
Max Drawdown (3Y)Largest decline over 3 years | — | -18.90% | — |
Max Drawdown (5Y)Largest decline over 5 years | — | -25.43% | — |
Max Drawdown (10Y)Largest decline over 10 years | — | -33.92% | — |
Current DrawdownCurrent decline from peak | -18.94% | -1.80% | -17.14% |
Average DrawdownAverage peak-to-trough decline | -13.34% | -10.71% | -2.63% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 12.05% | 2.03% | +10.02% |
Volatility
Volatility Chart
The chart below shows the rolling one-month volatility.
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