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Beacon

CONXDirexion Daily COIN Bull 2X ETF

Take a betNewRanked #701 of 949 in this goal

Seeks daily investment results of 200% of the daily performance of COIN.

By Direxion Funds · Launched 2025

Annual Cost

0.97%

#5,024 of 5,854 · expensive

Fund Size

$3M

#5,346 of 5,854 · small

Return (1Y)Goal

-83.1%

Track Record

9 months

#4,887 of 5,854 · young

Performance

Total-return NAV · USD
Growth of $10,000
$2,424-75.8%

Total-return NAV, USD. Net of fund fees, before tax.

What's inside

How Beacon categorizes this fund

Asset class

Equity

Strategy

Leveraged

What it actually holds

By weight

Concentration

single-stock bet — holdings shown are derivatives collateral, not diversification

GOLDMAN FINANCIAL
45.6%
GOLDMAN SACHS LIQ ES FD A
18.0%
DREYFUS
12.0%
COINBASE GLOBAL INC
11.3%
DREYFUS GOVERNMENT CASH MANAGE
10.8%
N/A
5.1%
N/A
1.6%
N/A
0.1%
N/A
-2.7%

Asset allocation

Cash
122.4%

By sector

Financial Services
100.0%

Risk profile

Last 12 months · Sharpe & Sortino need 3+ years
Volatility (1Y)
120.0%High

Year-on-year price swings

Max drawdown
-84.0%Severe

Worst peak-to-trough loss

Sharpe (3Y)
-0.51Below average
Sortino (3Y)
-0.75Moderate downside risk

Listing

Exchange
NASDAQ Capital Market, NASDAQ Global Select Market

Full fund details

Objective
Seeks daily investment results of 200% of the daily performance of COIN.
Strategy
Invests at least 80% of net assets in securities of COIN and financial instruments, such as swap agreements, to provide 2X daily leveraged exposure to COIN. The Fund is concentrated in the financials sector and rebalances daily to maintain its investment objective.
Inception date
November 18, 2025
Fund family
Direxion Funds

Our take

Structural notes on how this fund behaves. Read our guide on the 6 warning signs.

Leveraged single stock
Critical

Most of these lose money

These funds amplify one stock's daily move, then reset every day. More than half of them have lost money outright, and the daily reset plus financing costs drag roughly 9.5% a year off the return. The longer you hold, the more that compounding works against you.

Sources: Bessembinder, 'Leveraged Single-Stock ETFs' (SSRN 2025)

Educational analysis of structural product characteristics. Not investment advice. Always read the fund prospectus and consult a qualified advisor before investing. More

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Data updated on 2026-08-03