# URAA (Direxion Daily Uranium Industry Bull 2X ETF)

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

Three months to Sep 11, 2026: URAA returned −15.4% where its own daily promise gave −12.8%, 2.6 points short.

## Key facts

- URAA, what URA did: −4.4%, as of Sep 11, 2026.
- URAA, what +2 times a day gives: −12.8%, as of Sep 11, 2026.
- URAA, what the fund returned: −15.4%, as of Sep 11, 2026.
- URAA, the fund itself cost: −2.6 pts, as of Sep 11, 2026.
- URAA, net assets: $55m (source, as filed for Apr 30, 2026).
- URAA, expense ratio: 1.30% (485BPOS XBRL, Feb 26, 2026).

## URAA over each window to Sep 11, 2026

| Window | Fund | URA | +2x the move | Difference | URA moved about |
| --- | --- | --- | --- | --- | --- |
| 1 month | −10.3% | −3.7% | −7.4% | −2.9 pts | 47% |
| 3 months | −15.4% | −4.4% | −8.7% | −6.7 pts | 44% |
| 6 months | −36.8% | −11.7% | −23.4% | −13.4 pts | 50% |
| 1 year | −24.2% | +7.0% | +14.1% | −38.3 pts | 53% |
| Since launch | +5.8% | +61.3% | +122.7% | −116.9 pts | 46% |

## Every published field

| Field | Value | Source |
| --- | --- | --- |
| Sets out to return | +2 times the daily move of URA, reset daily | ETFIQ |
| Multiple a holder actually got over the window | URA moved −4.4% over this window, too little to read a multiple from | ETFIQ |
| Underlying | URA | ETFIQ |
| Segment | sector or country, sector | ETFIQ |
| Net assets | $55m | source, as filed for Apr 30, 2026 |
| Expense ratio | 1.30% | 485BPOS XBRL, Feb 26, 2026 |
| Launched | Jun 26, 2024 | ETFIQ |
| Underlying volatility over the window | 44% annualized | ETFIQ |

## Questions

### Did URAA return +2 times URA?

Over the window to Sep 11, 2026, URA moved −4.4% and URAA returned −15.4%. 2 times that move is −8.7%, so the fund came out 6.7 points short of it.

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

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

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