Direxion Daily BA Bull 2X Shares (BOEU) Performance
BOEU total return
Distributions reinvested · as of Oct 23, 2026- YTD
- −36.8% since Dec 31, 2025
- 1 year
- −39.8% total return
- Since first price
- −12.4% since 2025
BOEU trailing returns vs SPY, QQQ, AGG
| Period | BOEU total return | Price only | S&P 500 (SPY) | Nasdaq-100 (QQQ) | U.S. bonds (AGG) |
|---|---|---|---|---|---|
| 1 month | −12.6% | −12.6% | −1.0% | −5.0% | +0.9% |
| 3 months | −23.1% | −23.5% | +3.2% | +1.9% | −0.4% |
| 6 months | −42.1% | −42.6% | +7.8% | +8.4% | −1.5% |
| YTD | −36.8% | −37.7% | +12.3% | +15.1% | −1.0% |
| 1 year | −39.8% | −41.2% | +14.4% | +15.9% | −1.1% |
| Since inceptionApr 23, 2025 | −12.4% | −14.9% | — | — | — |
Total return from adjusted closes (distributions reinvested, before tax). Periods of 3 years or more are also shown annualized. Price only excludes distributions.
Growth of $10,000: BOEU vs SPY
From Apr 23, 2025: BOEU grew to $8,763, SPY to $14,429.
Year-end values with distributions reinvested, no taxes or trading costs. Start: first common trading day of both funds.
BOEU returns by calendar year
2026 is year to date.
BOEU annual returns table
| Year | BOEU | Largest drop | SPY | QQQ | AGG |
|---|---|---|---|---|---|
| 2026YTD | −36.8% | −54.2% | +12.3% | +15.1% | −1.0% |
Largest drop = deepest fall from a high within that calendar year.
Calendar-year return vs largest drop within the year
Most years include a sizable fall at some point even when the year ends higher.
BOEU largest drawdowns
Now 52.5% below the high| Peak | Decline | Bottom | Recovered | Fall | Underwater |
|---|---|---|---|---|---|
| Jan 23, 2026 | −54.2% | Oct 14, 2026 | not yet | 9 months | 9 months so far |
| Jul 28, 2025 | −46.0% | Nov 24, 2025 | Jan 20, 2026 | 4 months | 6 months |
| Jun 9, 2025 | −17.9% | Jun 18, 2025 | Jul 9, 2025 | 9 days | 30 days |
Declines from a closing high (distributions reinvested) of 10% or more. Underwater = time from the peak until the old high was regained.
BOEU risk statistics
| Statistic | Since 2025 |
|---|---|
| Annualized return | −16.9% |
| Volatility (annualized) | 61.0% |
| Sharpe ratio | -0.09 |
| Sortino ratio | -0.13 |
| Best month | +30.3% |
| Worst month | −25.5% |
| Best 12 months | +28.2% |
| Worst 12 months | −40.3% |
| Positive months | 41% |
| Beta vs S&P 500 | — |
| Correlation with S&P 500 | — |
From monthly total returns. Sharpe and Sortino use 1–3 month T-bills (BIL) as the risk-free rate, so they need history from 2007 on.
BOEU rolling returns
| Holding period | Periods | Worst | Median | Best | Positive |
|---|---|---|---|---|---|
| 1-year | 7 | −40.3% | −22.7% | +28.2% | 29% |
Every holding period starting at a month-end since 2025. Returns for 3 years and longer are annualized.
BOEU performance overview
Direxion Daily BA Bull 2X Shares (BOEU) returned −39.8% over the past year, with distributions reinvested. Since its first recorded price on Apr 23, 2025 it has returned −12.4%. Over the same year S&P 500 (SPY) returned +14.4%.
The deepest decline was −54.2%, from Jan 23, 2026 to Oct 14, 2026; the fund has not yet regained that high. Volatility has been 61.0% a year.
Related: BOEU chart, BOEU dividends. See the BOEU overview for the latest quote and fund facts.
BOEU performance FAQ
What is the BOEU return over the past year?
BOEU returned −39.8% over the 12 months to October 23, 2026, including reinvested distributions. On price alone it fell 41.2%.
How much would $10,000 invested in BOEU be worth?
$10,000 invested in BOEU at its first recorded close on April 23, 2025 would be worth about $8,763 on October 23, 2026 with distributions reinvested.
What is the biggest drawdown of BOEU?
The largest peak-to-trough decline was −54.2% between January 23, 2026 and October 14, 2026. It has not yet recovered to that high; it is 52.5% below its peak.
How volatile is BOEU?
Over the past history BOEU had an annualized volatility of 61.0% and a Sharpe ratio of -0.09 (excess return over 1–3 month T-bills per unit of risk).