# URAA (Direxion Daily Uranium Industry Bull 2X ETF)

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

Three months to Oct 2, 2026: URAA returned −22.1% where its own daily promise gave −19.3%, 2.8 points short.

## Key facts

- URAA, what URA did: −8.0%, as of Oct 2, 2026.
- URAA, what 2 times a day gives: −19.3%, as of Oct 2, 2026.
- URAA, what the fund returned: −22.1%, as of Oct 2, 2026.
- URAA, the fund itself cost: −2.8 pts, as of Oct 2, 2026.
- URAA, net assets: $26m (issuer page, as of Oct 1, 2026).
- URAA, expense ratio: 1.30% (485BPOS XBRL, Feb 26, 2026).

## URAA over each window to Oct 2, 2026

| Window | Fund | URA | +2x the move | Difference | URA moved about |
| --- | --- | --- | --- | --- | --- |
| 1 month | −22.5% | −10.2% | −20.4% | −2.1 pts | 37% |
| 3 months | −22.1% | −8.0% | −15.9% | −6.2 pts | 44% |
| 6 months | −45.5% | −18.6% | −37.3% | −8.3 pts | 49% |
| 1 year | −53.0% | −16.9% | −33.8% | −19.3 pts | 52% |
| Since launch | −13.3% | +47.5% | +95.0% | −108.3 pts | 46% |

## Every published field

| Field | Value | Source |
| --- | --- | --- |
| Sets out to return | +2 times the daily move of URA, reset daily | ETFIQ |
| Multiple a holder actually got over the window | +2.78 times, against +2 stated | ETFIQ |
| Underlying | URA | ETFIQ |
| Segment | sector or country, sector | ETFIQ |
| Net assets | $26m | issuer page, as of Oct 1, 2026 |
| Expense ratio | 1.30% | 485BPOS XBRL, Feb 26, 2026 |
| Launched | Jun 26, 2024 | ETFIQ |
| Underlying volatility over the window | 44% annualized | ETFIQ |

## Questions

### Did URAA return +2 times URA?

Over the window to Oct 2, 2026, URA moved −8.0% and URAA returned −22.1%. 2 times that move is −15.9%, so the fund came out 6.2 points short of it.

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

Because it resets daily. URAA 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, URAA, data as of Oct 2, 2026. https://etfiq.com/funds/uraa
Free to use with attribution; the underlying files are at https://etfiq.com/data/.

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