QCMU ETF — Direxion Daily QCOM Bull 2X ETF

Direxion Daily QCOM Bull 2X ETF (QCMU)

Updated October 16, 2026.

QCMU is an ETF linked to Qualcomm (QCOM). its distribution rate is 2.89%, its trailing-12-month yield is 3.04%, its expense ratio is 1.07%. Dividend Vision Distribution Safety Score™ is 40/100 (Unproven). Total return is -19.3% over the past 1.3 years, 32.6 points behind QCOM at 13.3%.

This ETF seeks to deliver twice the daily return of Qualcomm stock through leveraged exposure using swaps, options, and direct holdings, making it a non-diversified, high-risk trading vehicle rather than a long-term investment fund. The fund carries a modest current distribution rate paid quarterly and has an expense ratio of 1.07%, which reflects the costs of maintaining its leveraged strategy. It appeals primarily to experienced traders seeking short-term, amplified equity exposure rather than buy-and-hold income investors, given the compounding effects of daily leverage resets over longer periods.

QCMU performance versus QCOM

Price and return data through 2026-10-16.

Total return is -19.3% over the past 1.3 years, 32.6 points behind QCOM at 13.3%. Its deepest 1-year drawdown was 68.7%.

QCMU key facts

Distribution Safety Score™

40 · Unproven

Issuer

Direxion

Asset type

ETF

Asset class

Equity

Inception date

06/24/2025

Expense ratio

1.07%

Distribution rate

2.89%

Distribution frequency

Quarterly

Trailing yield

3.04%

Last close

$19.54 (as of 2026-10-16)

AUM

$23,992,904

Average volume

63778.0

Dividend

$0.141

Ex-dividend date

09/22/2026

Payment date

09/29/2026

Beta

3.9077

How Dividend Vision calculates yield and returns

Distribution rate (2.89%) uses calculation basis unavailable. Issuer rates can use a different denominator and date, including ex-date NAV. Trailing-12-month yield (3.04%) is the sum of split-adjusted cash distributions with ex-dates in the last 12 months, divided by the published price. It lags a recent raise or cut. Total return uses split-adjusted close with distributions reinvested on the ex-dividend date (a modeling convention, not the cash-settlement date) from the first stored bar on or after inception through the latest bar, compared with the same window on the benchmark. That is the security's total return, not your personal gain/loss.

Yield and safety methodology · Distribution rate methodology · Distribution Safety Score methodology

Sources and review

Primary sources: Direxion; Index: Qualcomm (QCOM); prices and distributions from Dividend Vision, derived from vendor EOD data.

Reviewed by Bert Sweet, CEO and Co-owner of Dividend Vision. Methodology: Distribution Safety Score.

QCMU risks and drawbacks

QCMU's current distribution rate is moderate, not a high-yield payout — the strategy is dividend quality more than maximum income. Payments are quarterly, so cash flow is lumpy versus a monthly fund. Total return has trailed QCOM over the available window. The deepest 1-year drawdown on record here is 68.7%.

Who may consider QCMU — and who may not

QCMU may suit someone looking for moderate current income with a quality tilt. It is a weaker fit for investors who need monthly cash flow (QCMU pays quarterly); investors hunting double-digit covered-call yields; investors whose main goal is matching QCOM total return. This is educational context, not a recommendation to buy or sell.

More on QCMU

• All tickers starting with Q

Tagged: Leverage.

Frequently asked questions

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