# TXNU (Direxion Daily TXN Bull 2X ETF)

Direxion · Leveraged ETFs · data as of Oct 2, 2026

Three months to Oct 2, 2026: TXNU returned −4.2% where its own daily promise gave −1.3%, 2.9 points short.

## Key facts

- TXNU, what TXN did: +0.8%, as of Oct 2, 2026.
- TXNU, what 2 times a day gives: −1.3%, as of Oct 2, 2026.
- TXNU, what the fund returned: −4.2%, as of Oct 2, 2026.
- TXNU, the fund itself cost: −2.9 pts, as of Oct 2, 2026.
- TXNU, net assets: $4m (issuer page, as of Oct 1, 2026).
- TXNU, expense ratio: 0.97% (485BPOS XBRL, Feb 26, 2026).

## TXNU over each window to Oct 2, 2026

| Window | Fund | TXN | +2x the move | Difference | TXN moved about |
| --- | --- | --- | --- | --- | --- |
| 1 month | +30.7% | +15.3% | +30.6% | +0.1 pts | 27% |
| 3 months | −4.2% | +0.8% | +1.5% | −5.8 pts | 34% |
| 6 months | +94.8% | +52.3% | +104.6% | −9.8 pts | 50% |
| Since launch | +90.0% | +50.8% | +101.7% | −11.7 pts | 49% |

## Every published field

| Field | Value | Source |
| --- | --- | --- |
| Sets out to return | +2 times the daily move of TXN, reset daily | ETFIQ |
| Multiple a holder actually got over the window | TXN moved +0.8% over this window, too little to read a multiple from | ETFIQ |
| Underlying | TXN | ETFIQ |
| Segment | single stock, company | ETFIQ |
| Net assets | $4m | issuer page, as of Oct 1, 2026 |
| Expense ratio | 0.97% | 485BPOS XBRL, Feb 26, 2026 |
| Launched | Mar 25, 2026 | ETFIQ |
| Underlying volatility over the window | 34% annualized | ETFIQ |

## Questions

### Did TXNU return +2 times TXN?

Over the window to Oct 2, 2026, TXN moved +0.8% and TXNU returned −4.2%. 2 times that move is +1.5%, so the fund came out 5.8 points short of it.

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

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.


## Cite this page

ETFIQ, TXNU, data as of Oct 2, 2026. https://etfiq.com/funds/txnu
Free to use with attribution; the underlying files are at https://etfiq.com/data/.

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