# HODU (Direxion Daily HOOD Bull 2X ETF)

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

Three months to Sep 30, 2026: HODU returned −7.4% where its own daily promise gave −4.3%, 3.1 points short.

## Key facts

- HODU, what HOOD did: +3.5%, as of Sep 30, 2026.
- HODU, what 2 times a day gives: −4.3%, as of Sep 30, 2026.
- HODU, what the fund returned: −7.4%, as of Sep 30, 2026.
- HODU, the fund itself cost: −3.1 pts, as of Sep 30, 2026.
- HODU, net assets: $12m (issuer page, as of Sep 30, 2026).
- HODU, expense ratio: 0.97% (485BPOS XBRL, Feb 26, 2026).

## HODU over each window to Sep 30, 2026

| Window | Fund | HOOD | +2x the move | Difference | HOOD moved about |
| --- | --- | --- | --- | --- | --- |
| 1 month | +9.4% | +7.3% | +14.7% | −5.3 pts | 77% |
| 3 months | −7.4% | +3.5% | +7.1% | −14.5 pts | 71% |
| 6 months | +86.1% | +60.5% | +120.9% | −34.8 pts | 73% |
| Since launch | −49.1% | −4.8% | −9.6% | −39.5 pts | 72% |

## Every published field

| Field | Value | Source |
| --- | --- | --- |
| Sets out to return | +2 times the daily move of HOOD, reset daily | ETFIQ |
| Multiple a holder actually got over the window | HOOD moved +3.5% over this window, too little to read a multiple from | ETFIQ |
| Underlying | HOOD | ETFIQ |
| Segment | single stock, company | ETFIQ |
| Net assets | $12m | 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 | 71% annualized | ETFIQ |

## Questions

### Did HODU return +2 times HOOD?

Over the window to Sep 30, 2026, HOOD moved +3.5% and HODU returned −7.4%. 2 times that move is +7.1%, so the fund came out 14.5 points short of it.

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

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.

### Which +2x HOOD 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, HODU, data as of Sep 30, 2026. https://etfiq.com/funds/hodu
Free to use with attribution; the underlying files are at https://etfiq.com/data/.

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