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SPUU targets 2x the DAILY return of the S&P 500 by using derivatives (mainly swaps and futures) plus some S&P 500-related holdings. Because it resets leverage every day, results over weeks or months can drift away—sometimes a lot—from “2x the S&P 500” due to daily compounding.
This fund is like a pedal that tries to make the S&P 500’s daily move happen twice as much. You mainly own derivative contracts linked to the index (not a simple buy-and-hold basket of 500 stocks).
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2.00x leverage. Resets daily. Designed for short-term trading.
Showing the largest holdings by weight in SPUU
| Logo | Ticker | ETF Weight | Market Value | |
|---|---|---|---|---|
| S&P 500 INDEX SWAP | S&P 500 INDEX SWAP | 50.74% | $207.7M | |
NV | NVDA NVIDIA CORP | NVIDIA CORP | 3.32% | $13.6M |
AA | AAPL APPLE INC | APPLE INC | 2.85% | $11.7M |
MS | MSFT MICROSOFT CORP | MICROSOFT CORP | 2.09% | $8.5M |
AM | AMZN AMAZON.COM INC | AMAZON.COM INC | 1.62% | $6.6M |
GO | GOOGL ALPHABET INC-CL A | ALPHABET INC-CL A | 1.39% | $5.7M |
AV | AVGO BROADCOM INC | BROADCOM INC | 1.25% | $5.1M |
GO | GOOG ALPHABET INC-CL C | ALPHABET INC-CL C | 1.10% | $4.5M |
ME | META META PLATFORMS INC-CLASS A | META PLATFORMS INC-CLASS A | 1.00% | $4.1M |
TS | TSLA TESLA INC | TESLA INC | 0.72% | $3.0M |
Breakdown of SPUU by sector weightings (%)
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Top countries by weight (%)
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