# CSCL (Direxion Daily CSCO Bull 2X ETF)

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

Three months to Sep 11, 2026: CSCL returned −18.3% where its own daily promise gave −16.2%, 2.1 points short.

## Key facts

- CSCL, what CSCO did: −7.1%, as of Sep 11, 2026.
- CSCL, what +2 times a day gives: −16.2%, as of Sep 11, 2026.
- CSCL, what the fund returned: −18.3%, as of Sep 11, 2026.
- CSCL, the fund itself cost: −2.1 pts, as of Sep 11, 2026.
- CSCL, net assets: $5m (source, as filed for Apr 30, 2026).
- CSCL, expense ratio: 1.07% (485BPOS XBRL, Feb 26, 2026).

## CSCL over each window to Sep 11, 2026

| Window | Fund | CSCO | +2x the move | Difference | CSCO moved about |
| --- | --- | --- | --- | --- | --- |
| 1 month | −20.2% | −9.5% | −19.0% | −1.2 pts | 36% |
| 3 months | −18.3% | −7.1% | −14.1% | −4.2 pts | 34% |
| 6 months | +85.0% | +44.4% | +88.9% | −3.9 pts | 39% |
| 1 year | +128.1% | +69.1% | +138.1% | −10.0 pts | 34% |
| Since launch | +120.2% | +68.8% | +137.6% | −17.4 pts | 32% |

## Every published field

| Field | Value | Source |
| --- | --- | --- |
| Sets out to return | +2 times the daily move of CSCO, reset daily | ETFIQ |
| Multiple a holder actually got over the window | +2.59 times, against +2 stated | ETFIQ |
| Underlying | CSCO | ETFIQ |
| Segment | single stock, company | ETFIQ |
| Net assets | $5m | source, as filed for Apr 30, 2026 |
| Expense ratio | 1.07% | 485BPOS XBRL, Feb 26, 2026 |
| Launched | Jun 25, 2025 | ETFIQ |
| Underlying volatility over the window | 34% annualized | ETFIQ |

## Questions

### Did CSCL return +2 times CSCO?

Over the window to Sep 11, 2026, CSCO moved −7.1% and CSCL returned −18.3%. 2 times that move is −14.1%, so the fund came out 4.2 points short of it.

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

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.


## Cite this page

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

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