- Global X Uranium ETF (URA): 27.28%
- VanEck Uranium & Nuclear ETF (NLR): 17.89%
- Sprott Uranium Miners ETF (URNM): 9.67%
URAA ETF — Holdings & Analysis
The Direxion Daily Uranium Industry Bull 2X ETF (URAA) is designed to provide leveraged exposure to the uranium and nuclear energy sector, seeking daily investment results of 200% of the Solactive United States Uranium and Nuclear Energy ETF Select Index.
With an expense ratio of 1.46% and $0.05 billion in assets under management, URAA offers a concentrated bet on the performance of uranium and nuclear energy companies. This leveraged approach makes it a unique, high-risk, high-reward option for investors with a short-term outlook on the sector.
Direxion Daily Uranium Industry Bull 2X ETF (URAA) ETF — Price, Holdings & Analysis
The Direxion Daily Uranium Industry Bull 2X ETF (URAA) is designed to provide leveraged exposure to the uranium and nuclear energy sector, seeking daily investment results of 200% of the Solactive United States Uranium and Nuclear Energy ETF Select Index. With an expense ratio of 1.46% and $0.05 billion in assets under management, URAA offers a concentrated bet on the performance of uranium and nuclear energy companies. This leveraged approach makes it a unique, high-risk, high-reward option for investors with a short-term outlook on the sector.
ETF Overview
The Direxion Daily Uranium Industry Bull 2X ETF seeks daily investment results, before fees and expenses, of 200% of the performance of the Solactive United States Uranium and Nuclear Energy ETF Select Index. There is no guarantee that the fund will achieve its stated investment objective.
The Direxion Daily Uranium Industry Bull 2X ETF (URAA) aims to magnify the daily performance of the Solactive United States Uranium and Nuclear Energy ETF Select Index by two times. This means that for every 1% increase in the index, URAA seeks to achieve a 2% increase, and vice versa. The fund achieves this through the use of financial instruments such as swaps, futures contracts, and other derivatives. URAA's portfolio is heavily concentrated in other ETFs focused on the uranium and nuclear energy sectors, with its top holdings including the Global X Uranium ETF (URA) at 27.28%, VanEck Uranium & Nuclear ETF (NLR) at 17.89%, and Sprott Uranium Miners ETF (URNM) at 9.67%. Sector allocation is heavily weighted towards Energy at 68.0%, followed by Industrials (14.5%) and Utilities (13.3%). This ETF is designed for investors seeking short-term, tactical exposure to the uranium and nuclear energy market and who understand the risks associated with leveraged investments.
Risk Metrics
Investing in URAA involves significant risks, primarily due to its leveraged nature. The 2x daily leverage means that losses can be magnified just as gains can be. The fund's high expense ratio of 1.46% also contributes to investment drag, eroding potential returns, especially if held for extended periods. URAA's concentration in the energy sector (68.0%) and a small number of holdings (9) further amplifies risk, as the fund's performance is highly dependent on the performance of a few companies and the overall health of the uranium and nuclear energy market. The fund's beta is not available, but as a leveraged fund, it is expected to have a high beta, indicating greater volatility compared to the broader market. Past performance does not guarantee future results.
Expense Ratio
1.46%
What does URAA hold?
How Is the Fund Allocated?
- Energy: 68.0%
- Industrials: 14.5%
- Utilities: 13.3%
- Basic Materials: 3.0%
- Technology: 1.2%
- United States: 68.3%
- Other: 31.7%
Dividend Yield
0.00%
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Risk Metrics
- Beta: 0.00
Questions & Answers
What is URAA and what does it track?
The Direxion Daily Uranium Industry Bull 2X ETF (URAA) is a leveraged exchange-traded fund that seeks to deliver twice (200%) the daily performance of the Solactive United States Uranium and Nuclear Energy ETF Select Index. This index tracks companies involved in the uranium and nuclear energy industries. Because URAA is a leveraged ETF, it is designed for short-term trading and is not suitable for long-term investment strategies due to the effects of compounding and potential for significant losses. The fund's top holdings include other uranium ETFs, such as Global X Uranium ETF (URA), VanEck Uranium & Nuclear ETF (NLR), and Sprott Uranium Miners ETF (URNM).
What is the expense ratio for URAA?
The expense ratio for the Direxion Daily Uranium Industry Bull 2X ETF (URAA) is 1.46%. This means that for every $10,000 invested, $146 is deducted annually to cover the fund's operating expenses. This is significantly higher than the average expense ratio for equity ETFs, which is around 0.44%. The higher expense ratio reflects the costs associated with managing a leveraged ETF, which involves the use of derivatives and frequent portfolio adjustments to maintain the desired leverage ratio.
What are the top holdings in URAA?
The Direxion Daily Uranium Industry Bull 2X ETF (URAA) primarily invests in other ETFs that focus on the uranium and nuclear energy sectors. As of 2026-03-15, the top three holdings are Global X Uranium ETF (URA) with a weight of 27.28%, VanEck Uranium & Nuclear ETF (NLR) at 17.89%, and Sprott Uranium Miners ETF (URNM) at 9.67%. These holdings indicate that URAA's performance is heavily reliant on the performance of these underlying uranium-focused ETFs.
Is URAA a good long-term investment?
The Direxion Daily Uranium Industry Bull 2X ETF (URAA) is generally not considered a suitable long-term investment due to its leveraged nature. As a 2x leveraged ETF, it is designed to deliver twice the daily performance of its underlying index, the Solactive United States Uranium and Nuclear Energy ETF Select Index. The effects of compounding, volatility, and the fund's high expense ratio of 1.46% can significantly erode returns over longer periods. While URAA may offer potential for short-term gains, it also carries a high degree of risk. Past performance does not guarantee future results.
How does URAA compare to similar ETFs?
URAA stands out from other uranium ETFs due to its leveraged structure, aiming for 2x the daily performance of its index. Most uranium ETFs, such as URA and URNM, are not leveraged and aim to track the performance of the uranium market directly. URAA's expense ratio of 1.46% is also significantly higher than these non-leveraged peers, which typically have expense ratios below 1%. URAA's AUM is relatively small at $0.05 billion compared to more established uranium ETFs, which can affect its liquidity and trading costs.
Does URAA pay dividends?
According to the latest data, the Direxion Daily Uranium Industry Bull 2X ETF (URAA) does not pay dividends. Its dividend yield is currently 0.00%. This is typical for leveraged ETFs, as their primary objective is to provide leveraged exposure to a specific index or sector rather than generating income through dividends. Investors seeking income from their investments may want to consider other ETFs or investment options.