# TXNU (Direxion Daily TXN Bull 2X ETF)

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

Three months to Sep 11, 2026: TXNU returned −26.0% where its own daily promise gave −23.6%, 2.5 points short.

## Key facts

- TXNU, what TXN did: −10.3%, as of Sep 11, 2026.
- TXNU, what +2 times a day gives: −23.6%, as of Sep 11, 2026.
- TXNU, what the fund returned: −26.0%, as of Sep 11, 2026.
- TXNU, the fund itself cost: −2.5 pts, as of Sep 11, 2026.
- TXNU, net assets: $6m (source, as filed for Apr 30, 2026).
- TXNU, expense ratio: 0.97% (485BPOS XBRL, Feb 26, 2026).

## TXNU over each window to Sep 11, 2026

| Window | Fund | TXN | +2x the move | Difference | TXN moved about |
| --- | --- | --- | --- | --- | --- |
| 1 month | −7.5% | −2.9% | −5.7% | −1.8 pts | 29% |
| 3 months | −26.0% | −10.3% | −20.6% | −5.4 pts | 45% |
| Since launch | +60.7% | +38.0% | +75.9% | −15.2 pts | 51% |

## Every published field

| Field | Value | Source |
| --- | --- | --- |
| Sets out to return | +2 times the daily move of TXN, reset daily | ETFIQ |
| Multiple a holder actually got over the window | +2.52 times, against +2 stated | ETFIQ |
| Underlying | TXN | ETFIQ |
| Segment | single stock, company | ETFIQ |
| Net assets | $6m | source, as filed for Apr 30, 2026 |
| Expense ratio | 0.97% | 485BPOS XBRL, Feb 26, 2026 |
| Launched | Mar 25, 2026 | ETFIQ |
| Underlying volatility over the window | 45% annualized | ETFIQ |

## Questions

### Did TXNU return +2 times TXN?

Over the window to Sep 11, 2026, TXN moved −10.3% and TXNU returned −26.0%. 2 times that move is −20.6%, so the fund came out 5.4 points short of it.

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

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

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