QQQUDirexion Daily Magnificent 7 Bull 2X Shares
Seeks to magnify the daily performance of the Indxx Magnificent 7 Index.
By Direxion Funds · Launched 2024
0.98%
#4,853 of 5,562 · expensive
$98M
#2,971 of 5,562 · mid-size
+44.5%
2 years
#3,472 of 5,562 · seasoned
Performance
Total-return NAV · USDTotal-return NAV, USD. Net of fund fees, before tax.
Classification
How Beacon categorizes this fundWhat it actually holds
By weightConcentration
Top 10 holdings = 106.8% of fundconcentrated
Asset allocation
By sector
Risk profile
Last 12 months · Sharpe & Sortino need 3+ yearsYear-on-year price swings
Worst peak-to-trough loss
Needs 3+ years of history
Needs 3+ years of history
Where to buy
Listing
- Exchange
- NYSE Arca
Full fund details
- Objective
- Seeks to magnify the daily performance of the Indxx Magnificent 7 Index.
- Strategy
- Invests primarily in financial instruments that provide 2x daily leveraged exposure to the Indxx Magnificent 7 Index. Designed for short-term trading, the Fund's performance may differ significantly over longer periods due to compounding effects.
- Inception date
- March 6, 2024
- Fund family
- Direxion Funds
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 2026-06-19