Skip to Content

Direxion Auspice Broad Commodity Strategy ETF

COM
$--
Today’s Change
-- (--)

Snapshot
*

Inception Date
Mar 30 2017
Expense Ratio
0.72%
Type
Global Commodities & Metals
Fund Owner
Direxion Shares
Volume (1m avg. daily)
$1,621,254
AUM
$280,485,907
Associated Index
Auspice Broad Commodity Index
Inverse/Leveraged
No
Passive/Active
Passive
Dividend
No
Prospectus

Top 10 Holdings

n/a
DREYFUS GOVT CASH MGMT
49.95%
n/a
DREYFUS GOVT CASH MGMT
11.05%
Invest with COM

What is COM?

The Direxion Auspice Broad Commodity Strategy ETF seeks to provide total return that exceeds that of the Auspice Broad Commodity Index over a complete market cycle. The Direxion Auspice Broad Commodity Strategy ETF seeks to provide investors with an opportunity to take advantage of rising commodity prices, in addition to mitigate risk by going flat (cash) when individual commodities are experiencing downward trends. It seeks to potentially provide commodity investment returns with lower risk characteristics than long-only commodity strategies.

ETFs related toCOM

ETFs correlated to COM include GDEF, GJAN, PULT

COMDirexion Shares ETF Trust - Direxion Auspice Broad Commodity Strategy ETF
GDEFGoldman Sachs ETF Trust - Goldman Sachs Defensive Equity ETF
Expense Ratio0.55%
Correlation (1yr)1.00
Return (3mo)0.00%
Volume (avg daily 1m)NaN
GJANFirst Trust Exchange-Traded Fund VIII - FT Cboe Vest U.S. Equity Moderate Buffer ETF - January
PULTPutnam ETF Trust - Putnam ESG Ultra Short ETF
PHYDPutnam ETF Trust - Putnam ESG High Yield ETF
GCCWisdomTree Commodity Services LLC - WisdomTree EnhancedContinuous Commodity Index Fund
FTGCFirst Trust Exchange-Traded Fund III - First Trust Global Tactical Commodity Strategy Fund
COMTBlackRock Institutional Trust Company N.A. - iShares GSCI Commodity Dynamic Roll Strategy ETF
GSGBlackRock Institutional Trust Company N.A. - iShares S&P GSCI Commodity-Indexed Trust
PDBCInvesco Capital Management LLC - Invesco Optimum Yield Diversified Commodity Strategy No K-1 ETF
DBCDB Commodity Services LLC - Invesco DB Commodity Index Tracking Fund

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.

Disclaimers

*

We show information directly obtained from our data provider, XigniteData 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 providerInformation 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.