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Beacon

QQQUDirexion Daily Magnificent 7 Bull 2X Shares

Take a bet2y track recordRanked #322 of 949 in this goal

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

By Direxion Funds · Launched 2024

Annual Cost

0.98%

#5,063 of 5,854 · expensive

Fund Size

$67M

#3,357 of 5,854 · mid-size

Return (1Y)Goal

+23.6%

Track Record

2 years

#3,385 of 5,854 · seasoned

Performance

Total-return NAV · USD
Growth of $10,000
$12,031+20.3%

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

What's inside

How Beacon categorizes this fund

Asset class

Equity

Region

North america

Strategy

Leveraged

Index tracked

Indxx Magnificent 7 Index

What it actually holds

By weight

Concentration

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

DREYFUS GOVERNMENT CASH MANAGE
47.1%
DREYFUS
11.7%
Alphabet Inc.
6.5%
Amazon.com, Inc.
6.5%
NVIDIA Corp.
5.8%
Apple Inc.
5.5%
Microsoft Corp.
5.5%
META PLATFORMS INC
5.2%
Tesla Inc
5.1%
N/A
3.0%

Asset allocation

Stocks
81.7%
Cash
18.3%

By sector

Technology
42.8%
Consumer Cyclical
29.4%
Communication
27.8%

Risk profile

Last 12 months · Sharpe & Sortino need 3+ years
Volatility (1Y)
44.6%High

Year-on-year price swings

Max drawdown
-53.7%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
NYSE Arca

Full fund details

Objective
Seeks daily investment results of 200% of the daily performance of the Index.
Strategy
Invests at least 80% of net assets in financial instruments and securities of the Index to provide 2X daily leveraged exposure. The Index tracks seven leading NASDAQ companies, concentrated in information technology, consumer discretionary, and communication services sectors.
Inception date
March 6, 2024
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