QQQU ETF — Direxion Daily Magnificent 7 Bull 2X Shares

Direxion Daily Magnificent 7 Bull 2X Shares (QQQU)

Updated October 16, 2026.

QQQU is an ETF linked to Magnificent 7. its distribution rate is 0.15%, its trailing-12-month yield is 8.78%, its expense ratio is 0.98%. Dividend Vision Distribution Safety Score™ is 66/100 (Generally safe). Total return is 162.8% over the past 2.6 years, 109.7 points ahead of SPY at 53.1%.

Direxion Daily Magnificent 7 Bull 2X Shares is an ETF that seeks to deliver twice the daily return of the Magnificent 7 index, which comprises the seven largest NASDAQ-listed companies; it pursues this leveraged exposure through swap agreements, index securities, and related ETFs. The fund carries a modest distribution rate paid quarterly and has an expense ratio of 0.98%, which reflects the cost of maintaining its leveraged structure. This ETF appeals to tactical traders and investors seeking amplified short-term exposure to the largest technology and growth companies, though the daily rebalancing mechanism means returns over longer periods may differ significantly from twice the index's performance.

QQQU performance versus SPY

Price and return data through 2026-10-16.

Total return is 162.8% over the past 2.6 years, 109.7 points ahead of SPY at 53.1%. Over the past year its total return — price change plus distributions reinvested — is 18.4%. Its deepest 1-year drawdown was 36.3%.

QQQU key facts

Distribution Safety Score™

66 · Generally safe

Safety-Adjusted Yield

0.10%

Issuer

Direxion

Asset type

ETF

Asset class

Equity

Inception date

03/06/2024

Expense ratio

0.98%

Distribution rate

0.15%

Distribution frequency

Quarterly

Trailing yield

8.78%

Last close

$61.19 (as of 2026-10-16)

AUM

$78,666,955

Average volume

48800.0

Dividend

$0.023

Ex-dividend date

06/23/2026

Payment date

06/30/2026

Beta

2.7871

How Dividend Vision calculates yield and returns

Distribution rate (0.15%) uses calculation basis unavailable. Issuer rates can use a different denominator and date, including ex-date NAV. Trailing-12-month yield (8.78%) 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: Magnificent 7; 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.

QQQU risks and drawbacks

QQQU'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. The deepest 1-year drawdown on record here is 36.3%.

Who may consider QQQU — and who may not

It is a weaker fit for investors who need monthly cash flow (QQQU pays quarterly); investors hunting double-digit covered-call yields. This is educational context, not a recommendation to buy or sell.

More on QQQU

• All tickers starting with Q

Tagged: Leverage, Magnificent 7.

Frequently asked questions

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