HODU +2x Direxion Daily HOOD Bull 2X ETF

HODU

ETF +2x BULL standard
Direxion Daily HOOD Bull 2X ETF
Issuer: Direxion · Tracks: HOOD · Listed: 2025-11-18
Implied AUM
$8.2M
Last Close
$11.74
20260720
30d Avg Vol
225,799
Options
—
Realized return vs theoretical +2x HOOD
Other leveraged products tracking HOOD
Symbol Factor Direction Issuer Name Implied AUM 30d Vol Options
ROBN +2x BULL T-Rex T-Rex 2X Long HOOD Daily Target ETF $101.3M 1,128,801
HOOG +2x BULL Leverage Shares Leverage Shares 2X Long HOOD Daily ETF $66.0M 629,213
HOOX +2x BULL Defiance Defiance Daily Target 2X Long HOOD ETF $13.5M 94,498

How HODU works

HODU targets +2x the daily return of HOOD — not the cumulative return over multi-day windows. The fund rebalances at the close each day using swaps or futures, which is what creates the volatility drag the chart above visualizes.

Mathematical headline: drag ≈ −0.5 × N × (N−1) × σ² per period. For a +2x product on an underlying with 25% annualized vol, expected annual drag is around 6.2%. Add expense ratio and the realized number is typically worse.

  • Short-term tactical: daily and intraday holds are where these products were designed to live.
  • Premium selling: options on HODU carry very rich IV — see the quote page for IV rank and straddle pricing.
  • Multi-day directional: works in strong trends; gets eaten alive in chop. Use the chart above to gauge the realized vs theoretical track record.