# BOEU (Direxion Daily BA Bull 2X ETF)

Direxion · Leveraged ETFs · data as of Sep 11, 2026

Three months to Sep 11, 2026: BOEU returned −12.4% where its own daily promise gave −10.1%, 2.3 points short.

## Key facts

- BOEU, what BA did: −3.9%, as of Sep 11, 2026.
- BOEU, what +2 times a day gives: −10.1%, as of Sep 11, 2026.
- BOEU, what the fund returned: −12.4%, as of Sep 11, 2026.
- BOEU, the fund itself cost: −2.3 pts, as of Sep 11, 2026.
- BOEU, net assets: $19m (source, as filed for Apr 30, 2026).
- BOEU, expense ratio: 1.06% (485BPOS XBRL, Feb 26, 2026).

## BOEU over each window to Sep 11, 2026

| Window | Fund | BA | +2x the move | Difference | BA moved about |
| --- | --- | --- | --- | --- | --- |
| 1 month | −18.3% | −9.0% | −17.9% | −0.3 pts | 21% |
| 3 months | −12.4% | −3.9% | −7.9% | −4.5 pts | 33% |
| 6 months | −10.1% | +0.3% | +0.5% | −10.6 pts | 36% |
| 1 year | −26.3% | −4.3% | −8.7% | −17.6 pts | 34% |
| Since launch | +12.2% | +22.1% | +44.2% | −32.0 pts | 32% |

## Every published field

| Field | Value | Source |
| --- | --- | --- |
| Sets out to return | +2 times the daily move of BA, reset daily | ETFIQ |
| Multiple a holder actually got over the window | BA moved −3.9% over this window, too little to read a multiple from | ETFIQ |
| Underlying | BA | ETFIQ |
| Segment | single stock, company | ETFIQ |
| Net assets | $19m | source, as filed for Apr 30, 2026 |
| Expense ratio | 1.06% | 485BPOS XBRL, Feb 26, 2026 |
| Launched | Apr 23, 2025 | ETFIQ |
| Underlying volatility over the window | 33% annualized | ETFIQ |

## Questions

### Did BOEU return +2 times BA?

Over the window to Sep 11, 2026, BA moved −3.9% and BOEU returned −12.4%. 2 times that move is −7.9%, so the fund came out 4.5 points short of it.

### Why does BOEU not return +2 times over a year?

Because it resets daily. BOEU aims at +2 times each day's move, and daily results compound. Over a run where the underlying falls and comes back, compounding a levered daily return leaves a holder behind what +2 times the period move would suggest; over a steady run in one direction it can leave them ahead. The longer the holding, and the more the underlying moves about, the further apart the two figures get.

### Which +2x BA ETF tracked its stated multiple most closely?

2 issuers sell one. Over the days all of them have been trading, the table on this page ranks them by how far each finished from 2 times the underlying's move. ETFIQ does not rate funds; the order is the arithmetic.


## Cite this page

ETFIQ, BOEU, data as of Sep 11, 2026. https://etfiq.com/funds/BOEU
Free to use with attribution; the underlying files are at https://etfiq.com/data/.

HTML: https://etfiq.com/funds/BOEU  ·  JSON: https://etfiq.com/funds/BOEU.json