{
 "ticker": "ASMU",
 "name": "Direxion Daily ASML Bull 2X ETF",
 "issuer": "Direxion",
 "desk": "leverage",
 "url": "https://etfiq.com/funds/asmu",
 "html": "https://etfiq.com/funds/asmu",
 "markdown": "https://etfiq.com/funds/asmu.md",
 "as_of": "2026-09-30",
 "verdict": "Three months to Sep 30, 2026: ASMU returned \u221210.1% where its own daily promise gave \u22127.3%, 2.8 points short.",
 "key_facts": [
  {
   "key": "what_asml_did",
   "label": "What ASML did",
   "value": "\u22121.6%",
   "source": null,
   "as_of": "2026-09-30",
   "sentence": "ASMU, what ASML did: \u22121.6%, as of Sep 30, 2026."
  },
  {
   "key": "what_2_times_a_day_gives",
   "label": "What 2 times a day gives",
   "value": "\u22127.3%",
   "source": null,
   "as_of": "2026-09-30",
   "sentence": "ASMU, what 2 times a day gives: \u22127.3%, as of Sep 30, 2026."
  },
  {
   "key": "what_the_fund_returned",
   "label": "What the fund returned",
   "value": "\u221210.1%",
   "source": null,
   "as_of": "2026-09-30",
   "sentence": "ASMU, what the fund returned: \u221210.1%, as of Sep 30, 2026."
  },
  {
   "key": "the_fund_itself_cost",
   "label": "The fund itself cost",
   "value": "\u22122.8 pts",
   "source": null,
   "as_of": "2026-09-30",
   "sentence": "ASMU, the fund itself cost: \u22122.8 pts, as of Sep 30, 2026."
  },
  {
   "key": "net_assets",
   "label": "Net assets",
   "value": "$11m",
   "source": "issuer page, as of Sep 30, 2026",
   "as_of": "2026-09-30",
   "sentence": "ASMU, net assets: $11m (issuer page, as of Sep 30, 2026)."
  },
  {
   "key": "expense_ratio",
   "label": "Expense ratio",
   "value": "0.97%",
   "source": "485BPOS XBRL, Feb 26, 2026",
   "as_of": "2026-09-30",
   "sentence": "ASMU, expense ratio: 0.97% (485BPOS XBRL, Feb 26, 2026)."
  }
 ],
 "fields": [
  {
   "key": "sets_out_to_return",
   "label": "Sets out to return",
   "value": "+2 times the daily move of ASML, reset daily",
   "source": null
  },
  {
   "key": "multiple_a_holder_actually_got_over_the_window",
   "label": "Multiple a holder actually got over the window",
   "value": "ASML moved \u22121.6% over this window, too little to read a multiple from",
   "source": "ETFIQ"
  },
  {
   "key": "underlying",
   "label": "Underlying",
   "value": "ASML",
   "source": null
  },
  {
   "key": "segment",
   "label": "Segment",
   "value": "single stock, company",
   "source": null
  },
  {
   "key": "net_assets",
   "label": "Net assets",
   "value": "$11m",
   "source": "issuer page, as of Sep 30, 2026"
  },
  {
   "key": "expense_ratio",
   "label": "Expense ratio",
   "value": "0.97%",
   "source": "485BPOS XBRL, Feb 26, 2026"
  },
  {
   "key": "launched",
   "label": "Launched",
   "value": "Feb 11, 2026",
   "source": null
  },
  {
   "key": "underlying_volatility_over_the_window",
   "label": "Underlying volatility over the window",
   "value": "42% annualized",
   "source": "ETFIQ"
  }
 ],
 "periods": [
  {
   "window": "1 month",
   "Fund": "+11.5%",
   "ASML": "+6.8%",
   "+2x the move": "+13.6%",
   "Difference": "\u22122.1 pts",
   "ASML moved about": "41%"
  },
  {
   "window": "3 months",
   "Fund": "\u221210.1%",
   "ASML": "\u22121.6%",
   "+2x the move": "\u22123.1%",
   "Difference": "\u22127.0 pts",
   "ASML moved about": "42%"
  },
  {
   "window": "6 months",
   "Fund": "+48.7%",
   "ASML": "+33.7%",
   "+2x the move": "+67.4%",
   "Difference": "\u221218.7 pts",
   "ASML moved about": "51%"
  },
  {
   "window": "Since launch",
   "Fund": "+27.4%",
   "ASML": "+26.6%",
   "+2x the move": "+53.3%",
   "Difference": "\u221225.9 pts",
   "ASML moved about": "50%"
  }
 ],
 "questions": [
  {
   "q": "Did ASMU return +2 times ASML?",
   "a": "Over the window to Sep 30, 2026, ASML moved \u22121.6% and ASMU returned \u221210.1%. 2 times that move is \u22123.1%, so the fund came out 7.0 points short of it."
  },
  {
   "q": "Why does ASMU not return +2 times over a year?",
   "a": "Because it resets daily. ASMU 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."
  },
  {
   "q": "Which +2x ASML ETF tracked its stated multiple most closely?",
   "a": "3 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."
  }
 ],
 "generated": "2026-10-01",
 "license": "https://etfiq.com/license/",
 "license_text": "Free to use with attribution. ETFIQ (etfiq.com)."
}