ONGDirexion Daily Oil Services Bull 2X Shares
Seeks daily investment results of 200% of the daily performance of the Index.
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#5,513 of 5,513 · expensive
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#5,513 of 5,513 · small
N/A
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#5,513 of 5,513 · young
Performance
Total-return NAV · USDTotal-return NAV, USD. Net of fund fees, before tax.
Classification
How Beacon categorizes this fundAsset class
EquityRegion
North americaCap
Multi cap
Strategy
Leveraged
Sector
EnergyIndex tracked
MVIS US Listed Oil Services 25 Index.
Risk profile
Last 12 months · Sharpe & Sortino need 3+ yearsWorst peak-to-trough loss
Needs 3+ years of history
Needs 3+ years of history
Where to buy
Listing
- Exchange
- Cboe BZX
Full fund details
- Objective
- Seeks daily investment results of 200% of the daily performance of the Index.
- Strategy
- Invests primarily in financial instruments, such as swap agreements and securities of the Index, to achieve 200% daily leveraged exposure to the MVIS US Listed Oil Services 25 Index. The Fund may also invest in ETFs that track the Index and other financial instruments that provide leveraged exposure. The Index includes companies providing services to the oil industry, with a focus on those generating at least 50% of revenues from oil services. The Fund may concentrate investments in specific industries to match the Index's concentration.
Similar ETFs
Closest matches by profileOur take
Structural notes on how this fund behaves. Read our guide on the 6 warning signs.
Leveraged ETF — not a long-term hold
This fund uses leverage to amplify daily returns (e.g. 2x or 3x of an index). Daily rebalancing creates volatility decay — over weeks and months, the fund's return drifts from the stated multiple. In trending markets with low realised volatility, leveraged index ETFs can outperform their nominal multiple; in sideways or volatile markets they bleed. Designed for short-term tactical use, not buy-and-hold.
Source: Cheng & Madhavan, 'The Dynamics of Leveraged and Inverse ETFs' (2009)
Why we flagged this: strategy=leveraged + leveraged_name_or_strategy
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 2026-06-06