# CONX (Direxion Daily COIN Bull 2X ETF)

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

Three months to Sep 30, 2026: CONX returned +15.5% where its own daily promise gave +19.5%, 4.0 points short.

## Key facts

- CONX, what COIN did: +17.1%, as of Sep 30, 2026.
- CONX, what 2 times a day gives: +19.5%, as of Sep 30, 2026.
- CONX, what the fund returned: +15.5%, as of Sep 30, 2026.
- CONX, the fund itself cost: −4.0 pts, as of Sep 30, 2026.
- CONX, net assets: $6m (issuer page, as of Sep 30, 2026).
- CONX, expense ratio: 0.97% (485BPOS XBRL, Feb 26, 2026).

## CONX over each window to Sep 30, 2026

| Window | Fund | COIN | +2x the move | Difference | COIN moved about |
| --- | --- | --- | --- | --- | --- |
| 1 month | −7.8% | −0.9% | −1.8% | −6.0 pts | 83% |
| 3 months | +15.5% | +17.1% | +34.1% | −18.6 pts | 75% |
| 6 months | −15.3% | +7.8% | +15.5% | −30.8 pts | 70% |
| Since launch | −70.5% | −27.6% | −55.1% | −15.4 pts | 73% |

## Every published field

| Field | Value | Source |
| --- | --- | --- |
| Sets out to return | +2 times the daily move of COIN, reset daily | ETFIQ |
| Multiple a holder actually got over the window | +0.91 times, against +2 stated | ETFIQ |
| Underlying | COIN | ETFIQ |
| Segment | single stock, company | ETFIQ |
| Net assets | $6m | issuer page, as of Sep 30, 2026 |
| Expense ratio | 0.97% | 485BPOS XBRL, Feb 26, 2026 |
| Launched | Nov 19, 2025 | ETFIQ |
| Underlying volatility over the window | 75% annualized | ETFIQ |

## Questions

### Did CONX return +2 times COIN?

Over the window to Sep 30, 2026, COIN moved +17.1% and CONX returned +15.5%. 2 times that move is +34.1%, so the fund came out 18.6 points short of it.

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

Because it resets daily. CONX 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 COIN ETF tracked its stated multiple most closely?

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

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