{
 "ticker": "TXNU",
 "name": "Direxion Daily TXN Bull 2X ETF",
 "issuer": "Direxion",
 "desk": "leverage",
 "url": "https://etfiq.com/funds/txnu",
 "html": "https://etfiq.com/funds/txnu",
 "markdown": "https://etfiq.com/funds/txnu.md",
 "as_of": "2026-10-02",
 "verdict": "Three months to Oct 2, 2026: TXNU returned \u22124.2% where its own daily promise gave \u22121.3%, 2.9 points short.",
 "key_facts": [
  {
   "key": "what_txn_did",
   "label": "What TXN did",
   "value": "+0.8%",
   "source": null,
   "as_of": "2026-10-02",
   "sentence": "TXNU, what TXN did: +0.8%, as of Oct 2, 2026."
  },
  {
   "key": "what_2_times_a_day_gives",
   "label": "What 2 times a day gives",
   "value": "\u22121.3%",
   "source": null,
   "as_of": "2026-10-02",
   "sentence": "TXNU, what 2 times a day gives: \u22121.3%, as of Oct 2, 2026."
  },
  {
   "key": "what_the_fund_returned",
   "label": "What the fund returned",
   "value": "\u22124.2%",
   "source": null,
   "as_of": "2026-10-02",
   "sentence": "TXNU, what the fund returned: \u22124.2%, as of Oct 2, 2026."
  },
  {
   "key": "the_fund_itself_cost",
   "label": "The fund itself cost",
   "value": "\u22122.9 pts",
   "source": null,
   "as_of": "2026-10-02",
   "sentence": "TXNU, the fund itself cost: \u22122.9 pts, as of Oct 2, 2026."
  },
  {
   "key": "net_assets",
   "label": "Net assets",
   "value": "$4m",
   "source": "issuer page, as of Oct 1, 2026",
   "as_of": "2026-10-02",
   "sentence": "TXNU, net assets: $4m (issuer page, as of Oct 1, 2026)."
  },
  {
   "key": "expense_ratio",
   "label": "Expense ratio",
   "value": "0.97%",
   "source": "485BPOS XBRL, Feb 26, 2026",
   "as_of": "2026-10-02",
   "sentence": "TXNU, 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 TXN, reset daily",
   "source": null
  },
  {
   "key": "multiple_a_holder_actually_got_over_the_window",
   "label": "Multiple a holder actually got over the window",
   "value": "TXN moved +0.8% over this window, too little to read a multiple from",
   "source": "ETFIQ"
  },
  {
   "key": "underlying",
   "label": "Underlying",
   "value": "TXN",
   "source": null
  },
  {
   "key": "segment",
   "label": "Segment",
   "value": "single stock, company",
   "source": null
  },
  {
   "key": "net_assets",
   "label": "Net assets",
   "value": "$4m",
   "source": "issuer page, as of Oct 1, 2026"
  },
  {
   "key": "expense_ratio",
   "label": "Expense ratio",
   "value": "0.97%",
   "source": "485BPOS XBRL, Feb 26, 2026"
  },
  {
   "key": "launched",
   "label": "Launched",
   "value": "Mar 25, 2026",
   "source": null
  },
  {
   "key": "underlying_volatility_over_the_window",
   "label": "Underlying volatility over the window",
   "value": "34% annualized",
   "source": "ETFIQ"
  }
 ],
 "periods": [
  {
   "window": "1 month",
   "Fund": "+30.7%",
   "TXN": "+15.3%",
   "+2x the move": "+30.6%",
   "Difference": "+0.1 pts",
   "TXN moved about": "27%"
  },
  {
   "window": "3 months",
   "Fund": "\u22124.2%",
   "TXN": "+0.8%",
   "+2x the move": "+1.5%",
   "Difference": "\u22125.8 pts",
   "TXN moved about": "34%"
  },
  {
   "window": "6 months",
   "Fund": "+94.8%",
   "TXN": "+52.3%",
   "+2x the move": "+104.6%",
   "Difference": "\u22129.8 pts",
   "TXN moved about": "50%"
  },
  {
   "window": "Since launch",
   "Fund": "+90.0%",
   "TXN": "+50.8%",
   "+2x the move": "+101.7%",
   "Difference": "\u221211.7 pts",
   "TXN moved about": "49%"
  }
 ],
 "questions": [
  {
   "q": "Did TXNU return +2 times TXN?",
   "a": "Over the window to Oct 2, 2026, TXN moved +0.8% and TXNU returned \u22124.2%. 2 times that move is +1.5%, so the fund came out 5.8 points short of it."
  },
  {
   "q": "Why does TXNU not return +2 times over a year?",
   "a": "Because it resets daily. TXNU 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."
  }
 ],
 "generated": "2026-10-03",
 "license": "https://etfiq.com/license/",
 "license_text": "Free to use with attribution. ETFIQ (etfiq.com)."
}