These Direxion ETFs are designed to offer distinct daily investment exposures to Apple Inc. (NASDAQ: AAPL) common stock, prior to fees and expenses. The Direxion Daily AAPL Bull 2X ETF endeavors to provide twice (200%) the daily return of Apple shares. Conversely, the Direxion Daily AAPL Bear 1X ETF seeks to deliver daily results equal to the inverse (opposite) of Apple's stock performance, at a 100% ratio.