URAADirexion Daily Uranium Bull 2X ETF
Seeks daily investment results of 200% of the performance of the Solactive United States Uranium and Nuclear Energy ETF Select Index.
By Direxion Funds · Launched 2024
1.30%
#5,310 of 5,562 · expensive
$52M
#3,550 of 5,562 · mid-size
+17.0%
1 year
#3,645 of 5,562 · seasoned
Performance
Total-return NAV · USDTotal-return NAV, USD. Net of fund fees, before tax.
Classification
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
Top 3 holdings = 53.2% of fundmoderately concentrated
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 daily investment results of 200% of the performance of the Solactive United States Uranium and Nuclear Energy ETF Select Index.
- Strategy
- Invests primarily in financial instruments that provide 2x daily leveraged exposure to the Solactive United States Uranium and Nuclear Energy ETF Select Index. Designed for knowledgeable investors who actively monitor their portfolios.
- Inception date
- June 25, 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.
Thematic ETF — launched after the rally
Thematic funds are typically launched after a theme has delivered its strong returns. Morningstar's 2024 Global Thematic Funds Landscape finds that only about 1 in 10 thematic funds have survived and beaten a broad global equity benchmark over the past 15 years — roughly 60% have been closed outright. The narrative is always compelling; the track record rarely is.
Source: Morningstar, 'Global Thematic Funds Landscape' (2024)
Why we flagged this: Narrow thematic name, launched in the last 3 years, $52M in assets (under our $500M threshold).
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