# BOEU (Direxion Daily BA Bull 2X ETF)

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

Three months to Sep 30, 2026: BOEU returned −31.7% where its own daily promise gave −29.8%, 1.9 points short.

## Key facts

- BOEU, what BA did: −14.9%, as of Sep 30, 2026.
- BOEU, what 2 times a day gives: −29.8%, as of Sep 30, 2026.
- BOEU, what the fund returned: −31.7%, as of Sep 30, 2026.
- BOEU, the fund itself cost: −1.9 pts, as of Sep 30, 2026.
- BOEU, net assets: $21m (issuer page, as of Sep 30, 2026).
- BOEU, expense ratio: 1.06% (485BPOS XBRL, Feb 26, 2026).

## BOEU over each window to Sep 30, 2026

| Window | Fund | BA | +2x the move | Difference | BA moved about |
| --- | --- | --- | --- | --- | --- |
| 1 month | −21.5% | −10.5% | −20.9% | −0.6 pts | 34% |
| 3 months | −31.7% | −14.9% | −29.8% | −1.9 pts | 35% |
| 6 months | −28.1% | −10.3% | −20.5% | −7.5 pts | 35% |
| 1 year | −40.3% | −13.8% | −27.6% | −12.7 pts | 34% |
| Since launch | −13.5% | +7.9% | +15.9% | −29.4 pts | 32% |

## Every published field

| Field | Value | Source |
| --- | --- | --- |
| Sets out to return | +2 times the daily move of BA, reset daily | ETFIQ |
| Multiple a holder actually got over the window | +2.13 times, against +2 stated | ETFIQ |
| Underlying | BA | ETFIQ |
| Segment | single stock, company | ETFIQ |
| Net assets | $21m | issuer page, as of Sep 30, 2026 |
| Expense ratio | 1.06% | 485BPOS XBRL, Feb 26, 2026 |
| Launched | Apr 23, 2025 | ETFIQ |
| Underlying volatility over the window | 35% annualized | ETFIQ |

## Questions

### Did BOEU return +2 times BA?

Over the window to Sep 30, 2026, BA moved −14.9% and BOEU returned −31.7%. 2 times that move is −29.8%, so the fund came out 1.9 points short of it.

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

Because it resets daily. BOEU 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 BA 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, BOEU, data as of Sep 30, 2026. https://etfiq.com/funds/boeu
Free to use with attribution; the underlying files are at https://etfiq.com/data/.

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