What is EURL?

EURL provides 3X daily levered exposure to a market-cap-weighted index of companies in developed Europe.

PERFORMANCE [as of 03/23/23] 1 MONTH 3 MONTHS YTD 1 YEAR 3 YEARS 5 YEARS 10 YEARS
EURL -8.65% 14.57% 15.32% -25.15% 42.23% -9.00% --
EURL (NAV) -9.25% 13.29% 14.90% -25.10% 42.18% -8.99% --
FTSE Developed Europe All Cap Index -0.74% 7.50% 7.51% -1.21% 19.86% 3.61% 4.89%
N/A -- -- -- -- -- -- --
All returns over 1 year are annualized. All returns are total returns unless otherwise stated.

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.

EURL Summary Data

Direxion
01/22/14
1.07%
$28.16M
N/A
Open-Ended Fund

Peers

N/A
UPV

Fund Flows

+$0.00B 5 Days
-$0.00B 30 Days
+$0.00B 90 Days

EURL Fund Structure

Yes
Yes
-- / --
N/A
N/A
High
3
Daily

EURL Tax Exposures

20.00% / 39.60%
--
No

EURL Portfolio Data

1.56%
N/A

EURL Index Data

Market Cap
Market Cap
N/A

Factset Analytics Block Liquidity

As of 03/24/23

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

EURL Tradability

34,490
$721.79K
30,803
$628.10K
0.75%
$0.16
-0.01%
1.92% / -1.17%
None
30.00%
50,000
0.62
0.01%
--
954
$19.42
N/A