Direxion Daily Ether Bull 2X ETF

Frequently Asked Questions About EVMU

What does EVMU invest in?

The Fund's primary objective is to achieve daily investment returns that are double (200%) the daily performance of other exchange-traded products designed to track the price movements of ether. This target applies to both the Fund's results and the underlying ETPs, prior to the deduction of any fees or expenses.

What is the expense ratio of EVMU?

Direxion Daily Ether Bull 2X ETF (EVMU) charges an expense ratio of 1.05%. This is the annual fee deducted from fund assets to cover management and operations.

Is EVMU a good long-term hold?

EVMU 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 with 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 EVMU's daily reset work?

EVMU 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 EVMU?

Direxion Daily Ether Bull 2X ETF (EVMU) manages $2.1M 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 EVMU actively managed or an index fund?

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