{
 "ticker": "CSCL",
 "name": "Direxion Daily CSCO Bull 2X ETF",
 "issuer": "Direxion",
 "desk": "leverage",
 "url": "https://etfiq.com/funds/CSCL",
 "html": "https://etfiq.com/funds/CSCL",
 "markdown": "https://etfiq.com/funds/CSCL.md",
 "as_of": "2026-09-11",
 "verdict": "Three months to Sep 11, 2026: CSCL returned \u221218.3% where its own daily promise gave \u221216.2%, 2.1 points short.",
 "key_facts": [
  {
   "key": "what_csco_did",
   "label": "What CSCO did",
   "value": "\u22127.1%",
   "source": null,
   "as_of": "2026-09-11",
   "sentence": "CSCL, what CSCO did: \u22127.1%, as of Sep 11, 2026."
  },
  {
   "key": "what_2_times_a_day_gives",
   "label": "What +2 times a day gives",
   "value": "\u221216.2%",
   "source": null,
   "as_of": "2026-09-11",
   "sentence": "CSCL, what +2 times a day gives: \u221216.2%, as of Sep 11, 2026."
  },
  {
   "key": "what_the_fund_returned",
   "label": "What the fund returned",
   "value": "\u221218.3%",
   "source": null,
   "as_of": "2026-09-11",
   "sentence": "CSCL, what the fund returned: \u221218.3%, as of Sep 11, 2026."
  },
  {
   "key": "the_fund_itself_cost",
   "label": "The fund itself cost",
   "value": "\u22122.1 pts",
   "source": null,
   "as_of": "2026-09-11",
   "sentence": "CSCL, the fund itself cost: \u22122.1 pts, as of Sep 11, 2026."
  },
  {
   "key": "net_assets",
   "label": "Net assets",
   "value": "$5m",
   "source": "source, as filed for Apr 30, 2026",
   "as_of": "2026-09-11",
   "sentence": "CSCL, net assets: $5m (source, as filed for Apr 30, 2026)."
  },
  {
   "key": "expense_ratio",
   "label": "Expense ratio",
   "value": "1.07%",
   "source": "485BPOS XBRL, Feb 26, 2026",
   "as_of": "2026-09-11",
   "sentence": "CSCL, expense ratio: 1.07% (485BPOS XBRL, Feb 26, 2026)."
  }
 ],
 "fields": [
  {
   "key": "sets_out_to_return",
   "label": "Sets out to return",
   "value": "+2 times the daily move of CSCO, reset daily",
   "source": null
  },
  {
   "key": "multiple_a_holder_actually_got_over_the_window",
   "label": "Multiple a holder actually got over the window",
   "value": "+2.59 times, against +2 stated",
   "source": "ETFIQ"
  },
  {
   "key": "underlying",
   "label": "Underlying",
   "value": "CSCO",
   "source": null
  },
  {
   "key": "segment",
   "label": "Segment",
   "value": "single stock, company",
   "source": null
  },
  {
   "key": "net_assets",
   "label": "Net assets",
   "value": "$5m",
   "source": "source, as filed for Apr 30, 2026"
  },
  {
   "key": "expense_ratio",
   "label": "Expense ratio",
   "value": "1.07%",
   "source": "485BPOS XBRL, Feb 26, 2026"
  },
  {
   "key": "launched",
   "label": "Launched",
   "value": "Jun 25, 2025",
   "source": null
  },
  {
   "key": "underlying_volatility_over_the_window",
   "label": "Underlying volatility over the window",
   "value": "34% annualized",
   "source": "ETFIQ"
  }
 ],
 "periods": [
  {
   "window": "1 month",
   "Fund": "\u221220.2%",
   "CSCO": "\u22129.5%",
   "+2x the move": "\u221219.0%",
   "Difference": "\u22121.2 pts",
   "CSCO moved about": "36%"
  },
  {
   "window": "3 months",
   "Fund": "\u221218.3%",
   "CSCO": "\u22127.1%",
   "+2x the move": "\u221214.1%",
   "Difference": "\u22124.2 pts",
   "CSCO moved about": "34%"
  },
  {
   "window": "6 months",
   "Fund": "+85.0%",
   "CSCO": "+44.4%",
   "+2x the move": "+88.9%",
   "Difference": "\u22123.9 pts",
   "CSCO moved about": "39%"
  },
  {
   "window": "1 year",
   "Fund": "+128.1%",
   "CSCO": "+69.1%",
   "+2x the move": "+138.1%",
   "Difference": "\u221210.0 pts",
   "CSCO moved about": "34%"
  },
  {
   "window": "Since launch",
   "Fund": "+120.2%",
   "CSCO": "+68.8%",
   "+2x the move": "+137.6%",
   "Difference": "\u221217.4 pts",
   "CSCO moved about": "32%"
  }
 ],
 "questions": [
  {
   "q": "Did CSCL return +2 times CSCO?",
   "a": "Over the window to Sep 11, 2026, CSCO moved \u22127.1% and CSCL returned \u221218.3%. 2 times that move is \u221214.1%, so the fund came out 4.2 points short of it."
  },
  {
   "q": "Why does CSCL not return +2 times over a year?",
   "a": "Because it resets daily. CSCL 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."
  }
 ],
 "generated": "2026-09-13",
 "license": "Free to use with attribution. ETFIQ (etfiq.com)."
}