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Direxion Daily MSCI Brazil Bull 2X Shares

BRZU
$--
Today’s Change
-- (--)

Snapshot
*

Inception Date
Apr 10 2013
Expense Ratio
1.26%
Type
Global Ex. US Equities
Fund Owner
Direxion Shares
Volume (1m avg. daily)
$11,128,742
AUM
$119,856,496
Associated Index
MSCI Brazil 25/50 Index
Inverse/Leveraged
Leveraged (2x)
Passive/Active
Passive
Fractionable on Composer
Yes
Prospectus

Top 10 Holdings

n/a
DREYFUS GOVT CASH MGMT
16.42%
EWZ
BlackRock Institutional Trust Company N.A. - iShares MSCI Brazil ETF
15.75%
n/a
GOLDMAN FINL SQ TRSRY INST 506
4.57%
n/a
DREYFUS GOVT CASH MGMT
2.84%
n/a
DREYFUS GOVT CASH MGMT
0.41%
n/a
GOLDMAN FINL SQ TRSRY INS
0.00%
n/a
GOLDMAN FS GOVT INST
0.00%
n/a
DREYFUS GOVT CASH MGMT
0.00%
n/a
GOLDMAN FINL SQ TRSRY INS
0.00%
n/a
GOLDMAN FINL SQ TRSRY INST 506
0.00%
Invest with BRZU

What is BRZU?

The Fund seeks daily investment results, before fees and expenses, of 200% of the performance of the MSCI Brazil 25/50 Index. The Fund seeks daily leveraged investment results and does not seek to achieve its stated investment objective over a period of time greater than one day. The Fund is different and much riskier than most exchange traded funds.

ETFs related toBRZU

ETFs correlated to BRZU include EWZ, FLBR, ILF

BRZU
Direxion Shares ETF Trust - Direxion Daily MSCI Brazil Bull 2X Shares
EWZ
BlackRock Institutional Trust Company N.A. - iShares MSCI Brazil ETF
FLBR
Franklin Templeton ETF Trust - Franklin FTSE Brazil ETF
ILF
BlackRock Institutional Trust Company N.A. - iShares Latin America 40 ETF
FBZ
First Trust Exchange-Traded Fund III - First Trust Brazil AlphaDEX Fund
DVYE
BlackRock Institutional Trust Company N.A. - iShares Emerging Markets Dividend ETF
FTRI
First Trust Exchange-Traded Fund III - First Trust Indxx Global Natural Resources Income ETF
ARGT
Global X Funds - Global X MSCI Argentina ETF
SLX
VanEck ETF Trust - VanEck Steel ETF
DEM
WisdomTree Trust - WisdomTree Emerging Markets High Dividend Fund
PXH
Invesco Capital Management LLC - Invesco FTSE RAFI Emerging Markets ETF

What is ETF correlation?

Correlation is a measure of the strength of the relationship between two ETFs. It quantifies the degree to which prices of the two ETFs typically move together.

Here, correlation is measured over the past year with the Pearson correlation coefficient (Pearon’s r), which ranges from -1 to 1.

Using ETF correlations in portfolio and strategy construction

ETF correlations can help you create investing strategies and portfolios. Use them to:

  • Build a diversified portfolio from uncorrelated or inversely correlated ETFs with the aim of minimizing portfolio risk.
  • Compare correlated or related ETFs to find one with a lower expense ratio or higher trading volume.
  • Create an investing strategy that hedges an ETF with an uncorrelated or inversely correlated ETF.

Automated Strategies
Related toBRZU

#SPYMIN

SPY minimum drawdown

Category

Community

Risk Rating

Aggressive

Create your own algorithmic trading strategy with BRZU using Composer

FAQ

BRZU is a Global Ex. US Equities ETF. The Fund seeks daily investment results, before fees and expenses, of 200% of the performance of the MSCI Brazil 25/50 Index. The Fund seeks daily leveraged investment results and does not seek to achieve its stated investment objective over a period of time greater than one day. The Fund is different and much riskier than most exchange traded funds.

The top holdings for BRZU include DREYFUS GOVT CASH MGMT, BlackRock Institutional Trust Company N.A. - iShares MSCI Brazil ETF, and GOLDMAN FINL SQ TRSRY INST 506.

BRZU has 14 total holdings.

BRZU tracks the MSCI Brazil 25/50 Index.

No, BRZU is not actively managed. It is passively managed. In an actively managed fund, the fund manager makes decisions about how funds are invested. A passively managed fund typically tries to track or follow a market index.

Yes, BRZU is passively managed. A passively managed fund typically tries to track or follow a market index. In an actively managed fund, the fund manager makes decisions about how funds are invested.

The 1-month return on BRZU is -0.0231%. This is the percent change in the value of BRZU over the most recent 1-month period. The 3-month return on BRZU is -0.2393%. This is the percent change in the value of BRZU over the most recent 3-month period.

The standard deviation of BRZU for the past year is 0.7171%. Standard deviation is the typical amount that the daily returns vary from the mean of the returns over the time period, standardized to a period of a year.

ETFs similar to BRZU include UBR, BZQ, and SH.

ETFs correlated to BRZU include EWZ, FLBR, and ILF.

ETFs that are inversely correlated to BRZU include EDZ, EUM, and OILD.

Yes, BRZU is a Leveraged (2x) ETF: This means that BRZU will try to match the performance of MSCI Brazil 25/50 Index, but with 2x the returns.

Yes, BRZU is a Leveraged (2x) leveraged ETF: This means that {characteristics.Identifier} will try to match the performance of MSCI Brazil 25/50 Index, but move 2x in the opposite direction.

Disclaimers

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We show information directly obtained from our data provider, Xignite. Data shown here is provided by Xignite, an unaffiliated third party. Composer believes the information shown here is reliable, but has not been verified and there is no guarantee that the information is accurate.

**

We show information based on calculations performed by Composer using data from our provider. Information provided here is based on calculations performed by Composer using data sourced from Xignite, an unaffiliated third party. Composer believes this information is reliable, but has not verified the data and there is no guarantee that the calculations are accurate.