Direxion Daily Biotech Top 5 Bull 2X ETFDirexion Daily Biotech Top 5 Bull 2X ETFDirexion Daily Biotech Top 5 Bull 2X ETF

Direxion Daily Biotech Top 5 Bull 2X ETF

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Key stats


Assets under management (AUM)
‪2.62 M‬USD
Fund flows (1Y)
Dividend yield (indicated)
Discount/Premium to NAV
0.01%
Shares outstanding
‪100.00 K‬
Expense ratio
0.97%

About Direxion Daily Biotech Top 5 Bull 2X ETF


Issuer
Rafferty Asset Management LLC
Brand
Direxion
Home page
Inception date
Oct 1, 2025
Structure
Open-Ended Fund
Index tracked
NYSE Biotechnology Top 5 Equal Weight Index - Benchmark TR Gross
Replication method
Synthetic
Management style
Passive
Dividend treatment
Distributes
Distribution tax treatment
Ordinary income
Income tax type
Capital Gains
Max ST capital gains rate
39.60%
Max LT capital gains rate
20.00%
Primary advisor
Rafferty Asset Management LLC
Distributor
ALPS Distributors, Inc.
ISIN
US25461H1014
TBXU provides 2x leveraged exposure to the top 5 US biotechnology companies. These five stocks are selected based on their market capitalization and are weighted equally. The fund primarily invests in financial instruments, such as swaps, futures, and ETFs tracking the index. Additionally, it may hold both index and non-index securities. Providing hyper-concentration in the energy sector, TBXU is not designed to be a long-term investment. Instead, it should be used as a short-term trading vehicle. The fund is a leveraged product with a 2x daily resetting factor and is likely to stray from the returns of the underlying index, especially over longer holding periods due to compounding. The fund may have a high portfolio turnover rate. The Index is rebalanced quarterly and reconstituted annually.

Classification


Asset Class
Equity
Category
Sector
Focus
Health care
Niche
Biotechnology
Strategy
Equal
Geography
U.S.
Weighting scheme
Equal
Selection criteria
Market cap

Returns


1 month3 monthsYear to date1 year3 years5 years
Price performance
NAV total return

Dividends


Dividend payout history

Assets under management (AUM)



Fund Flows



Frequently Asked Questions


TBXU assets under management is ‪2.62 M‬ USD. It's risen 7.54% over the last month.
TBXU fund flows account for 0.00 USD (1 year). Many traders use this metric to get insight into investors' sentiment and evaluate whether it's time to buy or sell the fund.
No, TBXU doesn't pay dividends to its holders.
TBXU shares are issued by Rafferty Asset Management LLC under the brand Direxion. The ETF was launched on Oct 1, 2025, and its management style is Passive.
TBXU expense ratio is 0.97% meaning you'd have to pay 0.97% of your investment to help manage the fund.
TBXU follows the NYSE Biotechnology Top 5 Equal Weight Index - Benchmark TR Gross. ETFs usually track some benchmark seeking to replicate its performance and guide asset selection and objectives.
TBXU trades at a premium (0.01%) meaning the ETF is trading at a higher price than the calculated NAV.