Direxion Daily FTSE Europe Bull 3X Shares (EURL) Performance
EURL total return
Distributions reinvested · as of Oct 23, 2026- YTD
- +0.7% since Dec 31, 2025
- 1 year
- +9.6% total return
- 5 years
- +3.6% a year
- 10 years
- +9.4% a year
- Since first price
- +1.5% a year since 2014
EURL trailing returns vs SPY, QQQ, AGG
| Period | EURL total return | Price only | S&P 500 (SPY) | Nasdaq-100 (QQQ) | U.S. bonds (AGG) |
|---|---|---|---|---|---|
| 1 month | −6.8% | −6.8% | −1.0% | −5.0% | +0.9% |
| 3 months | −7.9% | −8.2% | +3.2% | +1.9% | −0.4% |
| 6 months | −4.4% | −5.5% | +7.8% | +8.4% | −1.5% |
| YTD | +0.7% | −0.9% | +12.3% | +15.1% | −1.0% |
| 1 year | +9.6% | +7.5% | +14.4% | +15.9% | −1.1% |
| 3 years | +175.4%+40.2%/yr | +156.5% | +87.4%+23.3%/yr | +101.4%+26.3%/yr | +16.6%+5.2%/yr |
| 5 years | +19.3%+3.6%/yr | +6.7% | +79.3%+12.4%/yr | +94.0%+14.2%/yr | −0.8%−0.2%/yr |
| 10 years | +145.7%+9.4%/yr | +108.9% | +315.9%+15.3%/yr | +538.9%+20.4%/yr | +14.0%+1.3%/yr |
| Since inceptionJan 22, 2014 | +20.5%+1.5%/yr | +1.8% | — | — | — |
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: EURL vs SPY
From Jan 22, 2014: EURL grew to $12,053, SPY to $51,023.
Year-end values with distributions reinvested, no taxes or trading costs. Start: first common trading day of both funds.
EURL returns by calendar year
5 of 11 full years positive. Best 2025 (+105.9%), worst 2022 (−54.4%). 2026 is year to date.
EURL annual returns table
| Year | EURL | Largest drop | SPY | QQQ | AGG |
|---|---|---|---|---|---|
| 2026YTD | +0.7% | −33.0% | +12.3% | +15.1% | −1.0% |
| 2025 | +105.9% | −38.8% | +17.7% | +20.8% | +7.2% |
| 2024 | −11.4% | −32.2% | +24.9% | +25.6% | +1.3% |
| 2023 | +44.2% | −37.0% | +26.2% | +54.9% | +5.7% |
| 2022 | −54.4% | −74.0% | −18.2% | −32.6% | −13.0% |
| 2021 | +46.6% | −21.2% | +28.7% | +27.4% | −1.8% |
| 2020 | −23.2% | −80.1% | +18.3% | +48.6% | +7.5% |
| 2019 | +72.6% | −24.7% | +31.2% | +39.0% | +8.5% |
| 2018 | −46.4% | −60.4% | −4.6% | −0.1% | +0.1% |
| 2017 | +91.3% | −8.4% | +21.7% | +32.7% | +3.6% |
| 2016 | −17.8% | −38.9% | +12.0% | +7.1% | +2.4% |
| 2015 | −16.4% | −44.1% | +1.2% | +9.4% | +0.5% |
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.
EURL largest drawdowns
Now 22.2% below the high| Peak | Decline | Bottom | Recovered | Fall | Underwater |
|---|---|---|---|---|---|
| Jan 26, 2018 | −84.7% | Mar 18, 2020 | Dec 22, 2025 | 2.1 years | 7.9 years |
| Jul 3, 2014 | −67.2% | Jun 27, 2016 | Jan 24, 2018 | 2.0 years | 3.6 years |
| Feb 25, 2026 | −33.0% | Mar 20, 2026 | Aug 4, 2026 | 23 days | 5 months |
| Aug 25, 2026 | −23.8% | Oct 8, 2026 | not yet | 44 days | 59 days so far |
| Jan 22, 2014 | −20.2% | Feb 3, 2014 | Feb 18, 2014 | 12 days | 27 days |
| Mar 6, 2014 | −12.3% | Mar 13, 2014 | Apr 22, 2014 | 7 days | 47 days |
Declines from a closing high (distributions reinvested) of 10% or more. Underwater = time from the peak until the old high was regained.
EURL risk statistics
| Statistic | 3 years | 5 years | 10 years | Since 2014 |
|---|---|---|---|---|
| Annualized return | +36.3% | +7.2% | +8.8% | +3.0% |
| Volatility (annualized) | 40.1% | 51.2% | 51.6% | 49.6% |
| Sharpe ratio | 0.87 | 0.32 | 0.39 | 0.28 |
| Sortino ratio | 1.43 | 0.49 | 0.58 | 0.42 |
| Best month | +30.0% | +41.8% | +56.3% | +56.3% |
| Worst month | −25.5% | −28.9% | −54.8% | −54.8% |
| Best 12 months | +105.9% | +105.9% | +177.2% | +177.2% |
| Worst 12 months | −11.4% | −68.4% | −68.4% | −68.4% |
| Positive months | 69% | 60% | 59% | 57% |
| Beta vs S&P 500 | 1.93 | 2.49 | 2.69 | — |
| Correlation with S&P 500 | 0.60 | 0.76 | 0.80 | — |
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.
EURL rolling returns
| Holding period | Periods | Worst | Median | Best | Positive |
|---|---|---|---|---|---|
| 1-year | 142 | −68.4% | +7.5% | +177.2% | 54% |
| 3-year (a year) | 118 | −26.0% | +2.0% | +56.1% | 56% |
| 5-year (a year) | 94 | −21.3% | −0.6% | +22.9% | 49% |
| 10-year (a year) | 34 | −4.8% | +0.6% | +12.6% | 53% |
Every holding period starting at a month-end since 2014. Returns for 3 years and longer are annualized.
EURL performance overview
Direxion Daily FTSE Europe Bull 3X Shares (EURL) returned +9.6% over the past year and +9.4% a year over ten years, with distributions reinvested. Since its first recorded price in 2014 it has returned +1.5% a year, turning $10,000 into about $12,053. Over the same year S&P 500 (SPY) returned +14.4%.
The deepest decline was −84.7%, from Jan 26, 2018 to Mar 18, 2020, and it took 5.8 years to get back to the old high. EURL finished 5 of its 11 full calendar years with a gain; the best year was 2025 (+105.9%) and the worst 2022 (−54.4%). Volatility has been 49.6% a year.
Related: EURL chart, EURL dividends. See the EURL overview for the latest quote and fund facts.
EURL performance FAQ
What is the EURL return over the past year?
EURL returned +9.6% over the 12 months to October 23, 2026, including reinvested distributions. On price alone it rose 7.5%.
What is the average annual return of EURL?
EURL has returned +3.6% a year over 5 years, +9.4% a year over 10 years, +1.5% a year since January 22, 2014 (total return, distributions reinvested).
How much would $10,000 invested in EURL be worth?
$10,000 invested in EURL at its first recorded close on January 22, 2014 would be worth about $12,053 on October 23, 2026 with distributions reinvested.
What was the worst year for EURL?
The worst calendar year was 2022, with a total return of −54.4%. The best was 2025 at +105.9%.
What is the biggest drawdown of EURL?
The largest peak-to-trough decline was −84.7% between January 26, 2018 and March 18, 2020. It recovered to the old high on December 22, 2025, 5.8 years after the bottom.
How volatile is EURL?
Over the past 3 years EURL had an annualized volatility of 40.1% and a Sharpe ratio of 0.87 (excess return over 1–3 month T-bills per unit of risk).