Direxion Daily BA Bear 1X ETF

Frequently Asked Questions About BOED

What does BOED invest in?

The Direxion Daily BA Bull 2X ETF and Direxion Daily BA Bear 1X ETF seek daily investment results, before fees and expenses, of 200% and 100% of the inverse (or opposite), respectively, of the performance of the common shares of The Boeing Company (NYSE: BA).

What is the expense ratio of BOED?

Direxion Daily BA Bear 1X ETF (BOED) charges an expense ratio of 2.82%. This is the annual fee deducted from fund assets to cover management and operations.

Is BOED a good long-term hold?

BOED is a inverse fund designed to deliver a daily multiple of its underlying index. Daily reset compounding means returns over multi-day periods can diverge significantly from the headline multiple — typically negative drift in choppy markets. These funds are designed for short-term tactical use, not buy-and-hold. Review the fund's prospectus before holding more than a few days.

How does BOED's daily reset work?

BOED rebalances exposure each trading day to maintain its target leverage ratio against the next day's move. The daily reset means returns compound at the daily level — so a +1%, −1% sequence on the underlying doesn't return the underlying to flat after the leverage multiplier. Over time this path-dependence erodes returns in volatile markets and amplifies them in trending markets.

How big is BOED?

Direxion Daily BA Bear 1X ETF (BOED) manages $1.5M in total assets. AUM determines bid-ask liquidity and the fund's vulnerability to closure — funds below ~$50M are at higher risk of liquidation.

Is BOED actively managed or an index fund?

BOED's management style is described in the fund's prospectus. See the description on the Summary tab for the published strategy.