{
 "ticker": "HODU",
 "name": "Direxion Daily HOOD Bull 2X ETF",
 "issuer": "Direxion",
 "desk": "leverage",
 "url": "https://etfiq.com/funds/hodu",
 "html": "https://etfiq.com/funds/hodu",
 "markdown": "https://etfiq.com/funds/hodu.md",
 "as_of": "2026-09-30",
 "verdict": "Three months to Sep 30, 2026: HODU returned \u22127.4% where its own daily promise gave \u22124.3%, 3.1 points short.",
 "key_facts": [
  {
   "key": "what_hood_did",
   "label": "What HOOD did",
   "value": "+3.5%",
   "source": null,
   "as_of": "2026-09-30",
   "sentence": "HODU, what HOOD did: +3.5%, as of Sep 30, 2026."
  },
  {
   "key": "what_2_times_a_day_gives",
   "label": "What 2 times a day gives",
   "value": "\u22124.3%",
   "source": null,
   "as_of": "2026-09-30",
   "sentence": "HODU, what 2 times a day gives: \u22124.3%, as of Sep 30, 2026."
  },
  {
   "key": "what_the_fund_returned",
   "label": "What the fund returned",
   "value": "\u22127.4%",
   "source": null,
   "as_of": "2026-09-30",
   "sentence": "HODU, what the fund returned: \u22127.4%, as of Sep 30, 2026."
  },
  {
   "key": "the_fund_itself_cost",
   "label": "The fund itself cost",
   "value": "\u22123.1 pts",
   "source": null,
   "as_of": "2026-09-30",
   "sentence": "HODU, the fund itself cost: \u22123.1 pts, as of Sep 30, 2026."
  },
  {
   "key": "net_assets",
   "label": "Net assets",
   "value": "$12m",
   "source": "issuer page, as of Sep 30, 2026",
   "as_of": "2026-09-30",
   "sentence": "HODU, net assets: $12m (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": "HODU, 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 HOOD, reset daily",
   "source": null
  },
  {
   "key": "multiple_a_holder_actually_got_over_the_window",
   "label": "Multiple a holder actually got over the window",
   "value": "HOOD moved +3.5% over this window, too little to read a multiple from",
   "source": "ETFIQ"
  },
  {
   "key": "underlying",
   "label": "Underlying",
   "value": "HOOD",
   "source": null
  },
  {
   "key": "segment",
   "label": "Segment",
   "value": "single stock, company",
   "source": null
  },
  {
   "key": "net_assets",
   "label": "Net assets",
   "value": "$12m",
   "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": "Nov 19, 2025",
   "source": null
  },
  {
   "key": "underlying_volatility_over_the_window",
   "label": "Underlying volatility over the window",
   "value": "71% annualized",
   "source": "ETFIQ"
  }
 ],
 "periods": [
  {
   "window": "1 month",
   "Fund": "+9.4%",
   "HOOD": "+7.3%",
   "+2x the move": "+14.7%",
   "Difference": "\u22125.3 pts",
   "HOOD moved about": "77%"
  },
  {
   "window": "3 months",
   "Fund": "\u22127.4%",
   "HOOD": "+3.5%",
   "+2x the move": "+7.1%",
   "Difference": "\u221214.5 pts",
   "HOOD moved about": "71%"
  },
  {
   "window": "6 months",
   "Fund": "+86.1%",
   "HOOD": "+60.5%",
   "+2x the move": "+120.9%",
   "Difference": "\u221234.8 pts",
   "HOOD moved about": "73%"
  },
  {
   "window": "Since launch",
   "Fund": "\u221249.1%",
   "HOOD": "\u22124.8%",
   "+2x the move": "\u22129.6%",
   "Difference": "\u221239.5 pts",
   "HOOD moved about": "72%"
  }
 ],
 "questions": [
  {
   "q": "Did HODU return +2 times HOOD?",
   "a": "Over the window to Sep 30, 2026, HOOD moved +3.5% and HODU returned \u22127.4%. 2 times that move is +7.1%, so the fund came out 14.5 points short of it."
  },
  {
   "q": "Why does HODU not return +2 times over a year?",
   "a": "Because it resets daily. HODU 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 HOOD ETF tracked its stated multiple most closely?",
   "a": "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."
  }
 ],
 "generated": "2026-10-01",
 "license": "https://etfiq.com/license/",
 "license_text": "Free to use with attribution. ETFIQ (etfiq.com)."
}