# CSCL (Direxion Daily CSCO Bull 2X ETF)

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

Three months to Sep 30, 2026: CSCL returned −19.5% where its own daily promise gave −17.3%, 2.2 points short.

## Key facts

- CSCL, what CSCO did: −7.7%, as of Sep 30, 2026.
- CSCL, what 2 times a day gives: −17.3%, as of Sep 30, 2026.
- CSCL, what the fund returned: −19.5%, as of Sep 30, 2026.
- CSCL, the fund itself cost: −2.2 pts, as of Sep 30, 2026.
- CSCL, net assets: $15m (issuer page, as of Sep 30, 2026).
- CSCL, expense ratio: 1.07% (485BPOS XBRL, Feb 26, 2026).

## CSCL over each window to Sep 30, 2026

| Window | Fund | CSCO | +2x the move | Difference | CSCO moved about |
| --- | --- | --- | --- | --- | --- |
| 1 month | −6.1% | −2.6% | −5.2% | −0.9 pts | 27% |
| 3 months | −19.5% | −7.7% | −15.4% | −4.2 pts | 34% |
| 6 months | +72.0% | +39.4% | +78.7% | −6.7 pts | 39% |
| 1 year | +106.3% | +60.5% | +121.1% | −14.8 pts | 34% |
| Since launch | +101.6% | +62.0% | +124.1% | −22.5 pts | 32% |

## Every published field

| Field | Value | Source |
| --- | --- | --- |
| Sets out to return | +2 times the daily move of CSCO, reset daily | ETFIQ |
| Multiple a holder actually got over the window | +2.54 times, against +2 stated | ETFIQ |
| Underlying | CSCO | ETFIQ |
| Segment | single stock, company | ETFIQ |
| Net assets | $15m | issuer page, as of Sep 30, 2026 |
| Expense ratio | 1.07% | 485BPOS XBRL, Feb 26, 2026 |
| Launched | Jun 25, 2025 | ETFIQ |
| Underlying volatility over the window | 34% annualized | ETFIQ |

## Questions

### Did CSCL return +2 times CSCO?

Over the window to Sep 30, 2026, CSCO moved −7.7% and CSCL returned −19.5%. 2 times that move is −15.4%, so the fund came out 4.2 points short of it.

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

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

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