Direxion Daily FTSE Europe Bull 3X ETF

Frequently Asked Questions About EURL

What does EURL invest in?

The Direxion Daily FTSE Europe Bull 3X ETF (EURL) aims to provide daily returns that are triple (300%) the performance of the FTSE Developed Europe All Cap Index, prior to any associated fees and expenses. However, there is no certainty that this fund will successfully meet its stated daily investment target.

What is the expense ratio of EURL?

Direxion Daily FTSE Europe Bull 3X ETF (EURL) charges an expense ratio of 1.05%. This is the annual fee deducted from fund assets to cover management and operations.

Is EURL a good long-term hold?

EURL is a leveraged 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 EURL's daily reset work?

EURL 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 EURL?

Direxion Daily FTSE Europe Bull 3X ETF (EURL) manages $50.8M 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 EURL actively managed or an index fund?

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