# CONX (Direxion Daily COIN Bull 2X ETF)

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

Three months to Sep 11, 2026: CONX returned +2.7% where its own daily promise gave +6.7%, 4.0 points short.

## Key facts

- CONX, what COIN did: +9.7%, as of Sep 11, 2026.
- CONX, what +2 times a day gives: +6.7%, as of Sep 11, 2026.
- CONX, what the fund returned: +2.7%, as of Sep 11, 2026.
- CONX, the fund itself cost: −4.0 pts, as of Sep 11, 2026.
- CONX, net assets: $3m (source, as filed for Apr 30, 2026).
- CONX, expense ratio: 0.97% (485BPOS XBRL, Feb 26, 2026).

## CONX over each window to Sep 11, 2026

| Window | Fund | COIN | +2x the move | Difference | COIN moved about |
| --- | --- | --- | --- | --- | --- |
| 1 month | +29.7% | +17.6% | +35.2% | −5.5 pts | 81% |
| 3 months | +2.7% | +9.7% | +19.4% | −16.7 pts | 71% |
| 6 months | −40.9% | −10.4% | −20.7% | −20.1 pts | 69% |
| Since launch | −72.7% | −31.9% | −63.8% | −9.0 pts | 72% |

## Every published field

| Field | Value | Source |
| --- | --- | --- |
| Sets out to return | +2 times the daily move of COIN, reset daily | ETFIQ |
| Multiple a holder actually got over the window | +0.28 times, against +2 stated | ETFIQ |
| Underlying | COIN | ETFIQ |
| Segment | single stock, company | ETFIQ |
| Net assets | $3m | source, as filed for Apr 30, 2026 |
| Expense ratio | 0.97% | 485BPOS XBRL, Feb 26, 2026 |
| Launched | Nov 19, 2025 | ETFIQ |
| Underlying volatility over the window | 71% annualized | ETFIQ |

## Questions

### Did CONX return +2 times COIN?

Over the window to Sep 11, 2026, COIN moved +9.7% and CONX returned +2.7%. 2 times that move is +19.4%, so the fund came out 16.7 points short of it.

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

Because it resets daily. CONX 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 COIN ETF tracked its stated multiple most closely?

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

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