ETF Evaluator:
Direxion Daily AAPL Bull 2X Shares (AAPU)
Follow This ETF
(as of Aug 05)
Best Performing in Trading--Leveraged Equity Over the Last Year
| 4486.4% | Direxion Daily MU Bull 2X Shares (MUU) |
| 4217.1% | GraniteShares 2x Long MU Daily ETF (MULL) |
| 1949.9% | GraniteShares 2x Long INTC Daily ETF (INTW) |
| 967.3% | Direxion Daily Semicondct Bull 3X ETF (SOXL) |
| 875.2% | Direxion Daily AMD Bull 2X Shares (AMUU) |
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Risk
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ETF Details
Direxion Daily AAPL Bull 2X Shares Overview
Direxion Daily AAPL Bull 2X Shares (AAPU) is an actively managed Miscellaneous Trading--Leveraged Equity exchange-traded fund (ETF). Direxion Funds launched the ETF in 2022.
The investment seeks daily investment results, before fees and expenses, of 200% of the daily performance of AAPL.
The fund, under normal circumstances, invests at least 80% of its net assets (plus any borrowings for investment purposes) in the securities of AAPL and financial instruments, such as swap agreements and options, that, in combination, provide 2X daily leveraged exposure to AAPL, consistent with the fund’s investment objective. The fund is non-diversified.
About Direxion Daily AAPL Bull 2X Shares (AAPU)
There are 2 members of the management team with an average tenure of 3.90 years: Tony Ng (2022) and Paul Brigandi (2022). Management tenure is more important for actively managed ETFs than passive index ETFs.
The ETF has 2 primary benchmarks: S&P 500 (TR) (1970) index with a weighting of 100% and Apple Inc. (AAPL) index with a weighting of 200%. Direxion Daily AAPL Bull 2X Shares has 16 securities in its portfolio. The top 10 holdings constitute 37.6% of the ETF’s assets. The ETF meets the SEC requirement of being classified as a nondiversified fund. The ETF is not considered to have an ESG focus with its investment selection and management.
Direxion Daily AAPL Bull 2X Shares is part of the Other global asset class and is within the Miscellaneous ETF group. Direxion Daily AAPL Bull 2X Shares has 0.0% of its portfolio invested in foreign issues. The overall assets allocated to domestic stock is 24.3% There is 0.0% allocated to foreign stock, and 0.0% is allocated to preferred stocks. The bond allocation as a percentage of total assets is 0.0% (0.0% domestic bond, 0.0% foreign bond and 0.0% convertible bond). Direxion Daily AAPL Bull 2X Shares has 75.7% of the portfolio in cash.
Assets Under Management
The fund has $160 million in total assets, which is below the $368 million average for the Trading--Leveraged Equity category. Normally, lower assets under management translates to higher average expense ratios, and greater total assets are desired. However, for some investment categories, such as small-cap investing, it may be difficult for the manager to fully employ the desired active strategy if assets grow too large or too quickly.
AAPU Performance and Fees
The expense ratio measures how much of a fund’s assets are used for administrative expenses and operating expenses, including adviser fees and fees for the transfer agent and custodial services. The Direxion Daily AAPL Bull 2X Shares expense ratio is high compared to funds in the Trading--Leveraged Equity category. Direxion Daily AAPL Bull 2X Shares has an expense ratio of 0.96%, which is 1% lower than its category average, making the fund expense ratio grade a C. While it is difficult to predict returns, it is known that high annual expense ratios reduce your rate of return, and excessive fees are difficult to overcome. Active management normally comes with higher expense ratios than passive index management. Certain investment categories such as small company and foreign also normally have higher expense ratios. It is best to compare fund expense ratios against the category averages for meaningful assessments.
High portfolio turnover can translate to higher expenses and lower aftertax returns. Direxion Daily AAPL Bull 2X Shares has a portfolio turnover rate of 0%, which indicates that it holds its assets around /years. By way of comparison, the average portfolio turnover is 394% for the Trading--Leveraged Equity category.
Recently, in the month of June 2026, Direxion Daily AAPL Bull 2X Shares returned -15.5%, which earned it a grade of C, as the Trading--Leveraged Equity category had an average return of -10.8%. The letter grades of A, B, C, D and F are based upon relative rankings within the investment category. A grade of A, for example, would indicate that the return is in the highest 20% for that time period compared to all ETFs in that category.
Direxion Daily AAPL Bull 2X Shares has a trailing yield of 8.50%, which is above the 5.91% category average.
The fund normally distributes its income quarterly and its capital gains annually.
It’s natural to seek the best-performing investments, but you must consider the relationship between risk and return and the impact of costs and taxes on your realized returns.
Direxion Daily AAPL Bull 2X Shares Grades
Year to date, the ETF has returned 5.3%, 32.9 percentage points worse than the category, which translates into a grade of C. The fund has returned 73.2% over the past year (grade of B) and 15.6% over the past three years (grade of D).
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AAPU Trailing NAV Total Returns Data as of 6/30/26
| Last Month |
Last Quarter |
Ann'l. 1Yr |
Ann'l. 3Yr |
Ann'l. 5Yr |
Ann'l. 10Yr |
|
| AAPU Return (NAV) | -15.5% | 25.3% | 73.2% | 15.6% | na | na |
| AAPU Return (Price) | -15.6% | 25.0% | 72.8% | 15.5% | na | na |
| NAV +/- Price Return | 0.116% | 0.246% | 0.383% | 0.083% | na | na |
| Trading--Leveraged Equity Avg | -10.8% | 63.4% | 106.4% | 24.3% | 6.6% | 11.3% |
| AAPU Grade (NAV) | C | C | B | D | na | na |
| +/- Category (NAV) | -4.8% | -38.2% | -33.3% | -8.7% | na | na |
| AAPU Tax-Cost Ratio | na | na | 3.3% | 3.3% | na | na |
AAPU Annual NAV Total ReturnsData as of 6/30/26
| 2026 | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | |
| AAPU Return (NAV) | 5.3% | -3.1% | 58.5% | 68.4% | na | na | na | na | na | na | na |
| AAPU Return (Price) | 5.1% | -3.0% | 58.2% | 68.7% | na | na | na | na | na | na | na |
| NAV +/- Price Ret | -0.038% | -0.024% | -0.006% | 0.003% | na | na | na | na | na | na | na |
| Trading--Leveraged Equity Avg | 38.2% | 41.3% | 29.5% | 62.2% | -36.7% | 45.0% | 6.2% | 64.1% | -31.9% | 61.0% | 29.3% |
| AAPU Grade (NAV) | C | D | A | B | na | na | na | na | na | na | na |
| +/- Category | -32.9% | -44.4% | 29.0% | 6.3% | na | na | na | na | na | na | na |
| Risk Measures | |
| Beta: | 1.69 |
| R-Squared: | 26% |
| Standard Deviation: | 42.9% |
| Category Risk Index: | 0.82 |
| Category Risk Rating: | Average |
| Total Risk Index: | 3.53 |
| Total Risk Rating: | High |
| Portfolio Characteristics | |
| Yield: | 8.5% |
| Total Assets: | $ 161 Mil |
| Share Class Assets: | $ 161 Mil |
| Turnover: | 0.0% |
| Expense Ratio: | 0.96% |
| Index Fund: | No |
| Index Tracked: | S&P 500 (TR) (1970) |
| Index Weighting: | 100% |
| Leveraged: | Yes |
| Socially Responsible Fund: | No |
| Capital Gains Distribution Frequency: | Annually |
| Income Distribution Frequency: | Quarterly |
Management Team
| Number of Managers: 2 | |||
| Longest Tenure: 3.9 years | |||
| Average Tenure: 3.9 years | |||
| Managers (Year): Ng Tony (2022), Brigandi Paul (2022) | |||
Portfolio Composition (as of 6/30/26)
| # of Holdings: | 16 |
| % in Top 10 Holdings: | 37.6% |
| Fund is Non-Diversified: | Yes |
| % in Foreign Issues: | 0.0% |
Portfolio Allocation |
|
| Domestic Stock: | 24.3% |
| Foreign Stock: | 0.0% |
| Preferred Stock: | 0.0% |
| Domestic Bond: | 0.0% |
| Foreign Bond: | 0.0% |
| Convertible Bond: | 0.0% |
| Other: | 0.0% |
| Cash: | 75.7% |
Purchase Information
| Legal Structure: | Open Ended Investment Company |
| Fund Family: | Direxion Funds |
| Phone Number: | 866-476-7523 |
| Website: | http://www.direxioninvestments.com/ |
| Inception Date: | August 8, 2022 |
Expenses and Fees
| Expense Ratio (%): | 0.96% (Rating: High) |
| Category Average Expense Ratio (%): | 0.97% |
