URAADirexion Daily Uranium Bull 2X ETF
Seeks daily investment results of 200% of the daily performance of the Index.
By Direxion Funds · Launched 2024
1.30%
#5,558 of 5,854 · expensive
$35M
#3,982 of 5,854 · small
-23.7%
2 years
#3,553 of 5,854 · seasoned
Performance
Total-return NAV · USDTotal-return NAV, USD. Net of fund fees, before tax.
What's inside
How Beacon categorizes this fundAsset class
EquityRegion
North americaStrategy
Leveraged
Sector
MaterialsIndex tracked
Solactive United States Uranium and Nuclear Energy ETF Select Index
What it actually holds
By weightConcentration
synthetic exposure — holdings shown are derivatives collateral, not the fund's positions
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
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 ETFs that provide 2X daily leveraged exposure to the Index, which focuses on uranium and nuclear energy. The Fund is non-diversified and rebalances daily to maintain its investment objective.
- Inception date
- June 25, 2024
- Fund family
- Direxion Funds
Similar funds
Same asset class, closest by strategy & exposureOur take
Structural notes on how this fund behaves. Read our guide on the 6 warning signs.
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.
These usually launch after the gains are gone
A theme gets packaged into a fund after it has already run. Over the past 15 years, fewer than one in 10 thematic funds beat a broad global index, and more than three-quarters closed down entirely. The pitch always sounds good. The returns rarely follow.
Sources: Cheng & Madhavan, 'The Dynamics of Leveraged and Inverse ETFs' (2009) · Morningstar, 'Global Thematic Funds Landscape' (2022)
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