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Beacon

NVDUDirexion Daily Nvda Bull 2X Shares

Take a bet2y track recordRanked #100 of 949 in this goal

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

By Direxion Funds · Launched 2023

Annual Cost

0.92%

#4,764 of 5,861 · expensive

Fund Size

$583M

#1,477 of 5,861 · large

Return (1Y)Goal

-1.5%

Track Record

2 years

#3,068 of 5,861 · seasoned

Performance

Total-return NAV · USD
Growth of $10,000
$10,033+0.3%

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

synthetic exposure — holdings shown are derivatives collateral, not the fund's positions

DREYFUS GOVERNMENT CASH MANAGE
49.8%
GOLDMAN FINANCIAL
23.8%
GOLDMAN SACHS LIQ ES FD A
11.7%
NVIDIA Corp.
10.1%
DREYFUS
4.9%
N/A
2.1%
N/A
1.3%
N/A
1.0%
N/A
0.6%
N/A
-0.9%

Asset allocation

Cash
83.1%
Stocks
16.9%

By sector

Technology
100.0%

Risk profile

Last 12 months · Sharpe & Sortino need 3+ years
Volatility (1Y)
72.4%High

Year-on-year price swings

Max drawdown
-67.3%Severe

Worst peak-to-trough loss

Sharpe (3Y)
Unavailable

Needs 3+ years of history

Sortino (3Y)
Not yet

Needs 3+ years of history

Listing

Exchange
NASDAQ Global Market, NASDAQ Global Select Market

Full fund details

Objective
Seeks daily investment results of 200% of the daily performance of NVDA.
Strategy
Invests at least 80% of net assets in securities of NVDA and financial instruments, such as swap agreements, to provide 2X daily leveraged exposure. Concentrated in the information technology sector and semiconductor industry, with daily rebalancing to maintain exposure.
Inception date
September 12, 2023
Fund family
Direxion Funds

Our take

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

Leveraged
Warning

Your return drifts the longer you hold

Leverage amplifies the index's daily move, by 2x or 3x. The fund resets every day, so over weeks and months your real return drifts from that multiple. It can run ahead in a smooth climb and bleed in a choppy one. Hold one for months and you own a different bet than the label suggests.

Sources: Cheng & Madhavan, 'The Dynamics of Leveraged and Inverse ETFs' (2009)

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 2026-08-04