Skip to Main Content

Explore Direxion's All ETFs

Showing 93 total funds. All data as of 10/31/2024
Daily Target
Downloads
Expand

Actively Managed Tactical ETFs

HCMTDirexion HCM Tactical Enhanced US ETFHCMT Prospectus
Factsheet

Single Stock ETFs

AAPUDirexion Daily AAPL Bull 2X SharesCommon shares of Apple Inc. (AAPL)200%AAPU Prospectus
AAPD Prospectus
Factsheet
AAPDDirexion Daily AAPL Bear 1X Shares-100%
Index/BenchmarkCommon shares of Apple Inc. (AAPL)
Daily Target200%
Index/BenchmarkCommon shares of Apple Inc. (AAPL)
Daily Target-100%
AMZUDirexion Daily AMZN Bull 2X SharesCommon shares of Amazon.com, Inc. (AMZN)200%AMZU Prospectus
AMZD Prospectus
Factsheet
AMZDDirexion Daily AMZN Bear 1X Shares-100%
Index/BenchmarkCommon shares of Amazon.com, Inc. (AMZN)
Daily Target200%
Index/BenchmarkCommon shares of Amazon.com, Inc. (AMZN)
Daily Target-100%
AVLDirexion Daily AVGO Bull 2X SharesCommon shares of Broadcom Inc. (AVGO)200%AVL Prospectus
AVS Prospectus
Factsheet
AVSDirexion Daily AVGO Bear 1X Shares-100%
Index/BenchmarkCommon shares of Broadcom Inc. (AVGO)
Daily Target200%
Index/BenchmarkCommon shares of Broadcom Inc. (AVGO)
Daily Target-100%
GGLLDirexion Daily GOOGL Bull 2X SharesClass A shares of Alphabet Inc. (GOOGL)200%GGLL Prospectus
GGLS Prospectus
Factsheet
GGLSDirexion Daily GOOGL Bear 1X Shares-100%
Index/BenchmarkClass A shares of Alphabet Inc. (GOOGL)
Daily Target200%
Index/BenchmarkClass A shares of Alphabet Inc. (GOOGL)
Daily Target-100%
METUDirexion Daily META Bull 2X SharesCommon shares of Meta Platforms Corporation (META)200%METU Prospectus
METD Prospectus
Factsheet
METDDirexion Daily META Bear 1X Shares-100%
Index/BenchmarkCommon shares of Meta Platforms Corporation (META)
Daily Target200%
Index/BenchmarkCommon shares of Meta Platforms Corporation (META)
Daily Target-100%
MSFUDirexion Daily MSFT Bull 2X SharesCommon shares of Microsoft Corporation (MSFT)200%MSFU Prospectus
MSFD Prospectus
Factsheet
MSFDDirexion Daily MSFT Bear 1X Shares-100%
Index/BenchmarkCommon shares of Microsoft Corporation (MSFT)
Daily Target200%
Index/BenchmarkCommon shares of Microsoft Corporation (MSFT)
Daily Target-100%
MUUDirexion Daily MU Bull 2X SharesCommon shares of Micron Technology, Inc. (MU)200%MUU Prospectus
MUD Prospectus
Factsheet
MUDDirexion Daily MU Bear 1X Shares-100%
Index/BenchmarkCommon shares of Micron Technology, Inc. (MU)
Daily Target200%
Index/BenchmarkCommon shares of Micron Technology, Inc. (MU)
Daily Target-100%
NFXLDirexion Daily NFLX Bull 2X SharesCommon shares of Netflix, Inc. (NFLX)200%NFXL Prospectus
NFXS Prospectus
Factsheet
NFXSDirexion Daily NFLX Bear 1X Shares-100%
Index/BenchmarkCommon shares of Netflix, Inc. (NFLX)
Daily Target200%
Index/BenchmarkCommon shares of Netflix, Inc. (NFLX)
Daily Target-100%
NVDUDirexion Daily NVDA Bull 2X SharesCommon shares of NVIDIA Corporation (NVDA)200%NVDU Prospectus
NVDD Prospectus
Factsheet
NVDDDirexion Daily NVDA Bear 1X Shares-100%
Index/BenchmarkCommon shares of NVIDIA Corporation (NVDA)
Daily Target200%
Index/BenchmarkCommon shares of NVIDIA Corporation (NVDA)
Daily Target-100%
TSLLDirexion Daily TSLA Bull 2X SharesCommon shares of Tesla, Inc. (TSLA)200%TSLL Prospectus
TSLS Prospectus
Factsheet
TSLSDirexion Daily TSLA Bear 1X Shares-100%
Index/BenchmarkCommon shares of Tesla, Inc. (TSLA)
Daily Target200%
Index/BenchmarkCommon shares of Tesla, Inc. (TSLA)
Daily Target-100%
TSMXDirexion Daily TSM Bull 2X SharesCommon shares of Taiwan Semiconductor Manufacturing Co Ltd 200%TSMX Prospectus
TSMZ Prospectus
Factsheet
TSMZDirexion Daily TSM Bear 1X Shares-100%
Index/BenchmarkCommon shares of Taiwan Semiconductor Manufacturing Co Ltd
Daily Target200%
Index/BenchmarkCommon shares of Taiwan Semiconductor Manufacturing Co Ltd
Daily Target-100%

Bear 1X ETFs

Market Cap

SPDNDirexion Daily S&P 500 Bear 1X SharesS&P 500 Index (SPXT)-100%SPDN Prospectus
Factsheet
Index/BenchmarkS&P 500 Index (SPXT)
Daily Target-100%

Sector Equity

REKTDirexion Daily Crypto Industry Bear 1X SharesSolactive Distributed Ledger & Decentralized Payment Tech Index (SOLDLDPT)-100%REKT Prospectus
Factsheet
Index/BenchmarkSolactive Distributed Ledger & Decentralized Payment Tech Index (SOLDLDPT)
Daily Target-100%
QQQDDirexion Daily Magnificent 7 Bear 1X SharesIndxx Magnificent 7 Index-100%QQQD Prospectus
Factsheet
Index/BenchmarkIndxx Magnificent 7 Index
Daily Target-100%

Bull & Bear 2X ETFs

International Equity

CHAUDirexion Daily CSI 300 China A Share Bull 2X SharesCSI 300 Index (CSIN0301)200%CHAU Prospectus
Factsheet
Index/BenchmarkCSI 300 Index (CSIN0301)
Daily Target200%
CWEBDirexion Daily CSI China Internet Index Bull 2X SharesCSI Overseas China Internet Index (H11137)200%CWEB Prospectus
Factsheet
Index/BenchmarkCSI Overseas China Internet Index (H11137)
Daily Target200%
BRZUDirexion Daily MSCI Brazil Bull 2X SharesMSCI Brazil 25/50 Index (M1BR2550)200%BRZU Prospectus
Factsheet
Index/BenchmarkMSCI Brazil 25/50 Index (M1BR2550)
Daily Target200%
XXCHDirexion Daily MSCI Emerging Markets ex China Bull 2X SharesMSCI Emerging Markets ex China Net Return USD Index200%XXCH Prospectus
Factsheet
Index/BenchmarkMSCI Emerging Markets ex China Net Return USD Index
Daily Target200%
INDLDirexion Daily MSCI India Bull 2X SharesMSCI India Index (NDEUSIA)200%INDL Prospectus
Factsheet
Index/BenchmarkMSCI India Index (NDEUSIA)
Daily Target200%

Market Cap

SPUUDirexion Daily S&P 500 Bull 2X SharesS&P 500 Index (SPXT)200%SPUU Prospectus
Factsheet
Index/BenchmarkS&P 500 Index (SPXT)
Daily Target200%

Sector Equity

AIBUDirexion Daily AI and Big Data Bull 2X SharesSolactive US AI & Big Data Index200%AIBU Prospectus
AIBD Prospectus
Factsheet
AIBDDirexion Daily AI and Big Data Bear 2X Shares-200%
Index/BenchmarkSolactive US AI & Big Data Index
Daily Target200%
Index/BenchmarkSolactive US AI & Big Data Index
Daily Target-200%
CLDLDirexion Daily Cloud Computing Bull 2X SharesIndxx USA Cloud Computing Index (IUCLOUN)200%CLDL Prospectus
Factsheet
Index/BenchmarkIndxx USA Cloud Computing Index (IUCLOUN)
Daily Target200%
LMBODirexion Daily Crypto Industry Bull 2X SharesSolactive Distributed Ledger & Decentralized Payment Tech Index (SOLDLDPT)200%LMBO Prospectus
Factsheet
Index/BenchmarkSolactive Distributed Ledger & Decentralized Payment Tech Index (SOLDLDPT)
Daily Target200%
EVAVDirexion Daily Electric and Autonomous Vehicles Bull 2X SharesIndxx US Electric and Autonomous Vehicles Index (IUEAVNT)200%EVAV Prospectus
Factsheet
Index/BenchmarkIndxx US Electric and Autonomous Vehicles Index (IUEAVNT)
Daily Target200%
ERXDirexion Daily Energy Bull 2X SharesEnergy Select Sector Index (IXE)200%ERX Prospectus
ERY Prospectus
Factsheet
ERYDirexion Daily Energy Bear 2X Shares-200%
Index/BenchmarkEnergy Select Sector Index (IXE)
Daily Target200%
Index/BenchmarkEnergy Select Sector Index (IXE)
Daily Target-200%
NUGTDirexion Daily Gold Miners Index Bull 2X SharesNYSE Arca Gold Miners Index (GDMNTR)200%NUGT Prospectus
DUST Prospectus
Factsheet
DUSTDirexion Daily Gold Miners Index Bear 2X Shares-200%
Index/BenchmarkNYSE Arca Gold Miners Index (GDMNTR)
Daily Target200%
Index/BenchmarkNYSE Arca Gold Miners Index (GDMNTR)
Daily Target-200%
JNUGDirexion Daily Junior Gold Miners Index Bull 2X SharesMVIS Global Junior Gold Miners Index (MVGDXJ)200%JNUG Prospectus
JDST Prospectus
Factsheet
JDSTDirexion Daily Junior Gold Miners Index Bear 2X Shares-200%
Index/BenchmarkMVIS Global Junior Gold Miners Index (MVGDXJ)
Daily Target200%
Index/BenchmarkMVIS Global Junior Gold Miners Index (MVGDXJ)
Daily Target-200%
QQQUDirexion Daily Magnificent 7 Bull 2X SharesIndxx Magnificent 7 Index200%QQQU Prospectus
Factsheet
Index/BenchmarkIndxx Magnificent 7 Index
Daily Target200%
FNGGDirexion Daily NYSE FANG+ Bull 2X SharesNYSE FANG+ Index (NYFANGT)200%FNGG Prospectus
Factsheet
Index/BenchmarkNYSE FANG+ Index (NYFANGT)
Daily Target200%
UBOTDirexion Daily Robotics, Artificial Intelligence & Automation Index Bull 2X SharesIndxx Global Robotics and Artificial Intelligence Thematic Index (IBOTZNT)200%UBOT Prospectus
Factsheet
Index/BenchmarkIndxx Global Robotics and Artificial Intelligence Thematic Index (IBOTZNT)
Daily Target200%
GUSHDirexion Daily S&P Oil & Gas Exp. & Prod. Bull 2X SharesS&P Oil & Gas Exploration & Production Select Industry Index (SPSIOP)200%GUSH Prospectus
DRIP Prospectus
Factsheet
DRIPDirexion Daily S&P Oil & Gas Exp. & Prod. Bear 2X Shares-200%
Index/BenchmarkS&P Oil & Gas Exploration & Production Select Industry Index (SPSIOP)
Daily Target200%
Index/BenchmarkS&P Oil & Gas Exploration & Production Select Industry Index (SPSIOP)
Daily Target-200%
OOTODirexion Daily Travel & Vacation Bull 2X SharesBlueStar® Travel and Vacation Index (BTOUR)200%OOTO Prospectus
Factsheet
Index/BenchmarkBlueStar® Travel and Vacation Index (BTOUR)
Daily Target200%
URAADirexion Daily Uranium Industry Bull 2X SharesSolactive United States Uranium and Nuclear Energy ETF Select Index (SUSUNET)200%URAA Prospectus
Factsheet
Index/BenchmarkSolactive United States Uranium and Nuclear Energy ETF Select Index (SUSUNET)
Daily Target200%

Bull & Bear 3X ETFs

Fixed Income

TMFDirexion Daily 20+ Year Treasury Bull 3X SharesICE U.S. Treasury 20+ Year Bond Index (IDCOT20)300%TMF Prospectus
TMV Prospectus
Factsheet
TMVDirexion Daily 20+ Year Treasury Bear 3X Shares-300%
Index/BenchmarkICE U.S. Treasury 20+ Year Bond Index (IDCOT20)
Daily Target300%
Index/BenchmarkICE U.S. Treasury 20+ Year Bond Index (IDCOT20)
Daily Target-300%
TYDDirexion Daily 7-10 Year Treasury Bull 3X SharesICE U.S. Treasury 7-10 Year Bond Index (IDCOT7)300%TYD Prospectus
TYO Prospectus
Factsheet
TYODirexion Daily 7-10 Year Treasury Bear 3X Shares-300%
Index/BenchmarkICE U.S. Treasury 7-10 Year Bond Index (IDCOT7)
Daily Target300%
Index/BenchmarkICE U.S. Treasury 7-10 Year Bond Index (IDCOT7)
Daily Target-300%

International Equity

YINNDirexion Daily FTSE China Bull 3X SharesFTSE China 50 Index (TXIN0UNU)300%YINN Prospectus
YANG Prospectus
Factsheet
YANGDirexion Daily FTSE China Bear 3X Shares-300%
Index/BenchmarkFTSE China 50 Index (TXIN0UNU)
Daily Target300%
Index/BenchmarkFTSE China 50 Index (TXIN0UNU)
Daily Target-300%
EURLDirexion Daily FTSE Europe Bull 3X SharesFTSE Developed Europe All Cap Index (ACDER)300%EURL Prospectus
Factsheet
Index/BenchmarkFTSE Developed Europe All Cap Index (ACDER)
Daily Target300%
EDCDirexion Daily MSCI Emerging Markets Bull 3X SharesMSCI Emerging Markets Index (NDUEEGF)300%EDC Prospectus
EDZ Prospectus
Factsheet
EDZDirexion Daily MSCI Emerging Markets Bear 3X Shares-300%
Index/BenchmarkMSCI Emerging Markets Index (NDUEEGF)
Daily Target300%
Index/BenchmarkMSCI Emerging Markets Index (NDUEEGF)
Daily Target-300%
MEXXDirexion Daily MSCI Mexico Bull 3X SharesMSCI Mexico IMI 25/50 Index (M1CXBLRL)300%MEXX Prospectus
Factsheet
Index/BenchmarkMSCI Mexico IMI 25/50 Index (M1CXBLRL)
Daily Target300%
KORUDirexion Daily MSCI South Korea Bull 3X SharesMSCI Korea 25/50 Index (M1KR2550)300%KORU Prospectus
Factsheet
Index/BenchmarkMSCI Korea 25/50 Index (M1KR2550)
Daily Target300%

Market Cap

MIDUDirexion Daily Mid Cap Bull 3X SharesS&P Mid Cap 400 Index (SPTRMDCP)300%MIDU Prospectus
Factsheet
Index/BenchmarkS&P Mid Cap 400 Index (SPTRMDCP)
Daily Target300%
SPXLDirexion Daily S&P 500 Bull 3X SharesS&P 500 Index (SPXT)300%SPXL Prospectus
SPXS Prospectus
Factsheet
SPXSDirexion Daily S&P 500 Bear 3X Shares-300%
Index/BenchmarkS&P 500 Index (SPXT)
Daily Target300%
Index/BenchmarkS&P 500 Index (SPXT)
Daily Target-300%
TNADirexion Daily Small Cap Bull 3X SharesRussell 2000 Index (RU20IN)300%TNA Prospectus
TZA Prospectus
Factsheet
TZADirexion Daily Small Cap Bear 3X Shares-300%
Index/BenchmarkRussell 2000 Index (RU20IN)
Daily Target300%
Index/BenchmarkRussell 2000 Index (RU201N)
Daily Target-300%

Sector Equity

DFENDirexion Daily Aerospace & Defense Bull 3X SharesDow Jones U.S. Select Aerospace & Defense Index (DJSASDT)300%DFEN Prospectus
Factsheet
Index/BenchmarkDow Jones U.S. Select Aerospace & Defense Index (DJSASDT)
Daily Target300%
WANTDirexion Daily Consumer Discretionary Bull 3X SharesConsumer Discretionary Select Sector Index (IXY)300%WANT Prospectus
Factsheet
Index/BenchmarkConsumer Discretionary Select Sector Index (IXY)
Daily Target300%
WEBLDirexion Daily Dow Jones Internet Bull 3X SharesDow Jones Internet Composite Index (DJINETT)300%WEBL Prospectus
WEBS Prospectus
Factsheet
WEBSDirexion Daily Dow Jones Internet Bear 3X Shares-300%
Index/BenchmarkDow Jones Internet Composite Index (DJINETT)
Daily Target300%
Index/BenchmarkDow Jones Internet Composite Index (DJINETT)
Daily Target-300%
FASDirexion Daily Financial Bull 3X SharesFinancial Select Sector Index (IXM)300%FAS Prospectus
FAZ Prospectus
Factsheet
FAZDirexion Daily Financial Bear 3X Shares-300%
Index/BenchmarkFinancial Select Sector Index (IXM)
Daily Target300%
Index/BenchmarkFinancial Select Sector Index (IXM)
Daily Target-300%
CUREDirexion Daily Healthcare Bull 3X SharesHealth Care Select Sector Index (IXV)300%CURE Prospectus
Factsheet
Index/BenchmarkHealth Care Select Sector Index (IXV)
Daily Target300%
NAILDirexion Daily Homebuilders & Supplies Bull 3X SharesDow Jones U.S. Select Home Construction Index (DJSHMBT)300%NAIL Prospectus
Factsheet
Index/BenchmarkDow Jones U.S. Select Home Construction Index (DJSHMBT)
Daily Target300%
DUSLDirexion Daily Industrials Bull 3X SharesIndustrials Select Sector Index (IXI)300%DUSL Prospectus
Factsheet
Index/BenchmarkIndustrials Select Sector Index (IXI)
Daily Target300%
PILLDirexion Daily Pharmaceutical & Medical Bull 3X SharesS&P Pharmaceuticals Select Industry Index (SPSIPH)300%PILL Prospectus
Factsheet
Index/BenchmarkS&P Pharmaceuticals Select Industry Index (SPSIPH)
Daily Target300%
DRNDirexion Daily Real Estate Bull 3X SharesReal Estate Select Sector Index (IXRE)300%DRN Prospectus
DRV Prospectus
Factsheet
DRVDirexion Daily Real Estate Bear 3X Shares-300%
Index/BenchmarkReal Estate Select Sector Index (IXRE)
Daily Target300%
Index/BenchmarkReal Estate Select Sector Index (IXRE)
Daily Target-300%
DPSTDirexion Daily Regional Banks Bull 3X SharesS&P Regional Banks Select Industry Index (SPSIRBKT)300%DPST Prospectus
Factsheet
Index/BenchmarkS&P Regional Banks Select Industry Index (SPSIRBKT)
Daily Target300%
RETLDirexion Daily Retail Bull 3X SharesS&P Retail Select Industry Index (SPSIRE)300%RETL Prospectus
Factsheet
Index/BenchmarkS&P Retail Select Industry Index (SPSIRE)
Daily Target300%
HIBLDirexion Daily S&P 500® High Beta Bull 3X SharesS&P 500 High Beta Index (SP5HBIT)300%HIBL Prospectus
HIBS Prospectus
Factsheet
HIBSDirexion Daily S&P 500® High Beta Bear 3X Shares-300%
Index/BenchmarkS&P 500 High Beta Index (SP5HBIT)
Daily Target300%
Index/BenchmarkS&P 500 High Beta Index (SP5HBIT)
Daily Target-300%
LABUDirexion Daily S&P Biotech Bull 3X SharesS&P Biotechnology Select Industry Index (SPSIBI)300%LABU Prospectus
LABD Prospectus
Factsheet
LABDDirexion Daily S&P Biotech Bear 3X Shares-300%
Index/BenchmarkS&P Biotechnology Select Industry Index (SPSIBI)
Daily Target300%
Index/BenchmarkS&P Biotechnology Select Industry Index (SPSIBI)
Daily Target-300%
SOXLDirexion Daily Semiconductor Bull 3X SharesNYSE Semiconductor Index (ICESEMIT)300%SOXL Prospectus
SOXS Prospectus
Factsheet
SOXSDirexion Daily Semiconductor Bear 3X Shares-300%
Index/BenchmarkNYSE Semiconductor Index (ICESEMIT)
Daily Target300%
Index/BenchmarkNYSE Semiconductor Index (ICESEMIT)
Daily Target-300%
TECLDirexion Daily Technology Bull 3X SharesTechnology Select Sector Index (IXT)300%TECL Prospectus
TECS Prospectus
Factsheet
TECSDirexion Daily Technology Bear 3X Shares-300%
Index/BenchmarkTechnology Select Sector Index (IXT)
Daily Target300%
Index/BenchmarkTechnology Select Sector Index (IXT)
Daily Target-300%
TPORDirexion Daily Transportation Bull 3X SharesS&P Transportation Select Industry FMC Capped Index (SPTSCUT)300%TPOR Prospectus
Factsheet
Index/BenchmarkS&P Transportation Select Industry FMC Capped Index (SPTSCUT)
Daily Target300%
UTSLDirexion Daily Utilities Bull 3X SharesUtilities Select Sector Index (IXU)300%UTSL Prospectus
Factsheet
Index/BenchmarkUtilities Select Sector Index (IXU)
Daily Target300%

Strategic ETFs

COMDirexion Auspice Broad Commodity Strategy ETFAuspice Broad Commodity Index (ABCERI)COM Prospectus
Factsheet
Index/BenchmarkAuspice Broad Commodity Index (ABCERI)
Daily Target
QQQEDirexion NASDAQ-100 Equal Weighted Index SharesNASDAQ-100 Equal Weighted Index (NETR)QQQE Prospectus
Factsheet
Index/BenchmarkNASDAQ-100 Equal Weighted Index (NETR)
Daily Target

Thematic ETFs

WFHDirexion Work From Home ETFSolactive Remote Work Index (SOLWFHN)WFH Prospectus
Factsheet
Index/BenchmarkSolactive Remote Work Index (SOLWFHN)
Daily Target

* For additional information regarding the Fund’s expense ratio (gross/net fees), please refer to its individual product page.

The performance data quoted represents past performance. Past performance does not guarantee future results. The investment return and principal value of an investment will fluctuate. An investor’s shares, when redeemed, may be worth more or less than their original cost; current performance may be lower or higher than the performance quoted. Returns for performance for one year and under are cumulative, not annualized. Short term performance, in particular, is not a good indication of the fund’s future performance, and an investment should not be made based solely on returns. For additional information, see the fund(s) prospectus.

Shares of the Direxion Shares are bought and sold at market price (not NAV) and are not individually redeemed from a Fund. Market Price returns are based upon the midpoint of the bid/ask spread at 4:00 pm EST (when NAV is normally calculated) and do not represent the returns you would receive if you traded shares at other times. Brokerage commissions will reduce returns. Fund returns assume that dividends and capital gains distributions have been reinvested in the Fund at NAV. Some performance results reflect expense reimbursements or recoupments and fee waivers in effect during certain periods shown. Absent these reimbursements or recoupments and fee waivers, results would have been less favorable.

AFTER-TAX AND AFTER-TAX, POST SALES RETURNS

Tax-adjusted returns and tax cost ratio are estimates of the impact taxes have had on a fund. We assume the highest tax rate in calculating these figures. These returns follow the SEC guidelines for calculating returns before sale of shares. Tax-adjusted returns show a fund’s annualized after tax total return for the one, three and five year periods, excluding any capital-gains effects that would result from selling the fund at the end of the period. To determine this figure, all income and short-term capital gains distributions are taxed at the maximum federal rate at the time of distribution. Long-term capital gains are taxed at a 15% rate. The after tax portion is then assumed to be reinvested in the fund. State and local taxes are not included in our calculations. For more information, please consult your tax consultant.

DISTRIBUTION DATES

  • Payable and Ex-Date With regard to mutual funds, this is the day on which declared distributions (dividends or capital gains) are deducted from the fund’s assets before it calculates its net asset value (NAV). The NAV per share will drop by the amount of the distribution per share.
  • Record Date Date by which a shareholder must officially own shares in order to be entitled to a dividend.

TYPES OF DISTRIBUTIONS

  • Income Dividend A portion of a company’s profit paid to common and preferred shareholders.
  • Long Term Capital Gains Profits distributed to shareholders resulting from the sale of securities held in the fund’s portfolio for more than one year.
  • Short Term Capital Gains Profits distributed to shareholders resulting from the sale of securities held in the fund’s portfolio for less than one year