EURL

Direxion Daily FTSE Europe Bull 3X Shares

EURL Fund Description

The Direxion Daily FTSE Europe Bull 3X ETF provides 3X daily levered exposure to a market-cap-weighted index of companies in developed Europe.

EURL Factset Analytics Insight

EURL is a 3x levered play on the FTSE Developed Europe Index, a market-cap-weighted index of total market stocks in developed Europe. The usual caveats for geared funds apply emphatically for 3x gearing: The fund rebalances its exposure on a daily basis, and is directly affected by issues of path dependency and compounding. As a result, its long-term returns are unlikely to achieve the 3x multiple. Returns are helped by strong trends and hurt by volatility. EURL isn’t appropriate for buy-and-hold investors.

Note: The fund switched underlying indexes on August 22, 2016 to a slightly different and arguably better FTSE index. The index—tracked at 1x by Vanguard’s VGK—includes small-caps, thereby providing more complete coverage of the space.

  • 1 Month
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  • YTD
  • 1 Year
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  • 5 Years
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EURL Factset Analytics Block Liquidity

As of 05/23/18
5
4
3
2
1

This measurement shows how easy it is to trade a $1 million USD block of EURL. EURL is rated a 5 out of 5.

EURL Summary Data

Direxion
01/22/14
Open-Ended Fund
1.06%
$62.90M
0.13%

EURL Portfolio Data

0.37%
06/19/18

EURL Index Data

Market Cap
Market Cap
N/A

EURL Fund Structure

Yes
No
No Policy
N/A
N/A
Low
3
Daily

EURL Tax Exposures

20.00% / 39.60%
--
No

EURL Tradability

54,707
$2.04M
26,376
$1.01M
0.13%
0.00%
0.38% / -2.98%
None
50,000
0.53
0.01%
356
$38.92
5