# EURL (Direxion Daily FTSE Europe Bull 3X ETF)

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

Three months to Sep 11, 2026: EURL returned +1.7% where its own daily promise gave +4.4%, 2.7 points short.

## Key facts

- EURL, what VGK did: +1.8%, as of Sep 11, 2026.
- EURL, what +3 times a day gives: +4.4%, as of Sep 11, 2026.
- EURL, what the fund returned: +1.7%, as of Sep 11, 2026.
- EURL, the fund itself cost: −2.7 pts, as of Sep 11, 2026.
- EURL, net assets: $60m (source, as filed for Apr 30, 2026).
- EURL, expense ratio: 1.04% (485BPOS XBRL, Feb 26, 2026).

## EURL over each window to Sep 11, 2026

| Window | Fund | VGK | +3x the move | Difference | VGK moved about |
| --- | --- | --- | --- | --- | --- |
| 1 month | −8.1% | −2.4% | −7.3% | −0.8 pts | 9% |
| 3 months | +1.7% | +1.8% | +5.4% | −3.7 pts | 12% |
| 6 months | +26.0% | +11.6% | +34.8% | −8.8 pts | 18% |
| 1 year | +32.5% | +16.5% | +49.6% | −17.1 pts | 16% |
| 3 years | +157.6% | +65.5% | +196.5% | −38.9 pts | 16% |
| Since launch | +38.2% | +130.1% | not meaningful over this window | not meaningful over this window | 18% |

## Every published field

| Field | Value | Source |
| --- | --- | --- |
| Sets out to return | +3 times the daily move of VGK, reset daily | ETFIQ |
| Multiple a holder actually got over the window | VGK moved +1.8% over this window, too little to read a multiple from | ETFIQ |
| Underlying | VGK | ETFIQ |
| Segment | sector or country, country | ETFIQ |
| Net assets | $60m | source, as filed for Apr 30, 2026 |
| Expense ratio | 1.04% | 485BPOS XBRL, Feb 26, 2026 |
| Launched | Jan 22, 2014 | ETFIQ |
| Underlying volatility over the window | 12% annualized | ETFIQ |

## Questions

### Did EURL return +3 times VGK?

Over the window to Sep 11, 2026, VGK moved +1.8% and EURL returned +1.7%. 3 times that move is +5.4%, so the fund came out 3.7 points short of it.

### Why does EURL not return +3 times over a year?

Because it resets daily. EURL aims at +3 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 +3 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, EURL, data as of Sep 11, 2026. https://etfiq.com/funds/EURL
Free to use with attribution; the underlying files are at https://etfiq.com/data/.

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