What this ETF is trying to do

The Direxion Daily Energy Top 5 Bull 2X ETF (TEXU) is a type of fund known as a leveraged ETF. This means it aims to provide double the performance of its target energy stocks. It focuses on certain large companies in the energy sector. Because it is "leveraged," its price can move much faster than the regular market.

What the numbers show

The numbers for TEXU show significant growth over the last year. As of October 6, 2026, the current price is $41.91. An estimated price from roughly one year ago was $24.96.

If you look at how the share price changed (the price return), it went up by approximately 67.91% over the last year. However, when you include cash payments made to investors (the total return), the one-year total return was approximately 71.87%.

For the current year so far (YTD), the share price has increased by about 74.79%. The YTD total return is even higher at approximately 77.71%. It is important to remember that "price return" only tracks the change in the share price, while "total return" includes both price changes and distributions.

Income and distribution explanation

Some investors look for ETFs that pay out cash. This ETF has a distribution yield of approximately 1.86%. The trailing distributions were $0.78. These payments are usually made on a quarterly basis. While these payments provide cash, they are not the same as the total return of the fund.

NAV erosion explanation

"NAV erosion" refers to a loss in the value of the underlying assets that the ETF owns. If an ETF has high "erosion risk," it might mean the fund is losing value over time. For TEXU, the erosion-risk score is 100, and the label says "No price erosion detected." This means the fund's current data does not show signs of this type of value loss.

Pros

• High Returns: The fund has shown high price returns and total returns both over the last year and so far this year.

• Low Erosion Risk: According to the supplied data, no price erosion has been detected.

Cons

• Leverage: This is a leveraged ETF, which means it can be more volatile (price swings can be larger) than standard funds.

Beginner takeaway

When looking at TEXU, it is important to understand the difference between price return and total return. The price return tells you how much the share price moved, while the total return includes the cash distributions paid out. Also, because this is a leveraged ETF, its movements are designed to be twice as large as its target index.

Top Holdings:

• GOLDMAN SACHS FS TREASURY INTMS D (9.68%)

• BNY DREYFUS GOVT CASH MGMT INSTL (7.24%)

• VALERO ENERGY CORP (5.20%)

• EXXONMOBIL HOLDINGS CORP (5.12%)

• MARATHON PETROLEUM CORP (5.11%)

• CHEVRON CORP (4.98%)

• CONOCOPHILLIPS (4.79%)