# ADBU (Direxion Daily ADBE Bull 2X ETF)

Direxion · Leveraged ETFs · data as of Sep 30, 2026

Three months to Sep 30, 2026: ADBU returned +19.0% where its own daily promise gave +22.2%, 3.2 points short.

## Key facts

- ADBU, what ADBE did: +13.7%, as of Sep 30, 2026.
- ADBU, what 2 times a day gives: +22.2%, as of Sep 30, 2026.
- ADBU, what the fund returned: +19.0%, as of Sep 30, 2026.
- ADBU, the fund itself cost: −3.2 pts, as of Sep 30, 2026.
- ADBU, net assets: $3m (issuer page, as of Sep 30, 2026).
- ADBU, expense ratio: 0.97% (485BPOS XBRL, Feb 26, 2026).

## ADBU over each window to Sep 30, 2026

| Window | Fund | ADBE | +2x the move | Difference | ADBE moved about |
| --- | --- | --- | --- | --- | --- |
| 1 month | −34.6% | −18.1% | −36.1% | +1.5 pts | 42% |
| 3 months | +19.0% | +13.7% | +27.5% | −8.4 pts | 48% |
| 6 months | −16.4% | −0.6% | −1.2% | −15.2 pts | 47% |
| Since launch | −13.9% | +1.1% | +2.3% | −16.1 pts | 47% |

## Every published field

| Field | Value | Source |
| --- | --- | --- |
| Sets out to return | +2 times the daily move of ADBE, reset daily | ETFIQ |
| Multiple a holder actually got over the window | +1.39 times, against +2 stated | ETFIQ |
| Underlying | ADBE | ETFIQ |
| Segment | single stock, company | ETFIQ |
| Net assets | $3m | issuer page, as of Sep 30, 2026 |
| Expense ratio | 0.97% | 485BPOS XBRL, Feb 26, 2026 |
| Launched | Mar 25, 2026 | ETFIQ |
| Underlying volatility over the window | 48% annualized | ETFIQ |

## Questions

### Did ADBU return +2 times ADBE?

Over the window to Sep 30, 2026, ADBE moved +13.7% and ADBU returned +19.0%. 2 times that move is +27.5%, so the fund came out 8.4 points short of it.

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

Because it resets daily. ADBU 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.

### Which +2x ADBE ETF tracked its stated multiple most closely?

2 issuers sell one. Over the days all of them have been trading, the table on this page ranks them by how far each finished from 2 times the underlying's move. ETFIQ does not rate funds; the order is the figure itself.


## Cite this page

ETFIQ, ADBU, data as of Sep 30, 2026. https://etfiq.com/funds/adbu
Free to use with attribution; the underlying files are at https://etfiq.com/data/.

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