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Direxion Daily Regional Banks Bull 3X Shares

DPST
$--
Today’s Change
-- (--)

Snapshot
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Inception Date
Aug 19 2015
Expense Ratio
0.92%
Type
US Equities
Fund Owner
Direxion Shares
Volume (1m avg. daily)
$9,020,131
AUM
$187,715,970
Associated Index
S&P Regional Banks Select Industry Index
Inverse/Leveraged
Leveraged (3x)
Passive/Active
Passive
Fractionable on Composer
Yes
Prospectus

Top 10 Holdings

n/a
DREYFUS GOVT CASH MGMT
6.40%
n/a
GOLDMAN FINL SQ TRSRY INST 506
3.85%
n/a
DREYFUS GOVT CASH MGMT
1.34%
n/a
GOLDMAN FINL SQ TRSRY INS
0.60%
SIVB
SVB Financial Group
0.43%
WAL
Western Alliance Bancorp
0.38%
FRC
First Republic Bank
0.37%
EWBC
East West Bancorp, Inc.
0.36%
TFC
Truist Financial Corporation
0.36%
WBS
Webster Financial Corp.
0.35%
Invest with DPST

What is DPST?

The Direxion Daily Regional Banks Bull and Bear 3x Shares seeks daily investment results, before fees and expenses, of 300% or 300% of the inverse (or opposite) of the performance of the S&P Regional Banks Select Industry Index. The S&P Regional Banks Select Industry Index is a modified equal-weighted index that is designed to measure performance of the stocks comprising the S&P Total Market Index that are classified in the Global Industry Classification Standard (GICS) regional banks sub-industry. To be eligible for inclusion in the Index, stocks must satisfy one of the two following combined size and liquidity criteria: (1) float-adjusted market capitalization above $500 million and float-adjusted liquidity ratio above 90% or (2) float-adjusted market capitalization above $400 million and float-adjusted liquidity ratio above 150%. The Index is rebalanced quarterly.

ETFs related toDPST

ETFs correlated to DPST include KRE, KBE, IAT

DPST
Direxion Shares ETF Trust - Direxion Daily Regional Banks Bull 3X Shares
KRE
SPDR Series Trust - SPDR S&P Regional Banking ETF
KBE
SPDR Series Trust - SPDR S&P Bank ETF
IAT
BlackRock Institutional Trust Company N.A. - iShares U.S. Regional Banks ETF
QABA
First Trust Exchange-Traded Fund III - First Trust NASDAQ ABA Community Bank Index Fund
FTXO
First Trust Exchange-Traded Fund III - First Trust Nasdaq Bank ETF
KBWB
Invesco Capital Management LLC - Invesco KBW Bank ETF
FXO
First Trust Exchange-Traded Fund III - First Trust Financials AlphaDEX Fund
RYF
Invesco Capital Management LLC - Invesco S&P 500 Equal Weight Financials ETF
FNCL
Fidelity Covington Trust - Fidelity MSCI Financials Index ETF
VFH
Vanguard Group, Inc. - Vanguard Financials 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 toDPST

#OPUS-8

Opus-8

Category

Opus

Risk Rating

Conservative

#OPUS-12

Opus-12

Category

Opus

Risk Rating

Moderate

Create your own algorithmic trading strategy with DPST using Composer

FAQ

DPST is a US Equities ETF. The Direxion Daily Regional Banks Bull and Bear 3x Shares seeks daily investment results, before fees and expenses, of 300% or 300% of the inverse (or opposite) of the performance of the S&P Regional Banks Select Industry Index. The S&P Regional Banks Select Industry Index is a modified equal-weighted index that is designed to measure performance of the stocks comprising the S&P Total Market Index that are classified in the Global Industry Classification Standard (GICS) regional banks sub-industry. To be eligible for inclusion in the Index, stocks must satisfy one of the two following combined size and liquidity criteria: (1) float-adjusted market capitalization above $500 million and float-adjusted liquidity ratio above 90% or (2) float-adjusted market capitalization above $400 million and float-adjusted liquidity ratio above 150%. The Index is rebalanced quarterly.

The top holdings for DPST include DREYFUS GOVT CASH MGMT, GOLDMAN FINL SQ TRSRY INST 506, and DREYFUS GOVT CASH MGMT.

DPST has 159 total holdings.

DPST tracks the S&P Regional Banks Select Industry Index.

No, DPST 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, DPST 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 DPST is 0.2481%. This is the percent change in the value of DPST over the most recent 1-month period. The 3-month return on DPST is 0.013%. This is the percent change in the value of DPST over the most recent 3-month period.

The standard deviation of DPST for the past year is 0.8322%. 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 DPST include SH, SDS, and PSQ.

ETFs correlated to DPST include KRE, KBE, and IAT.

ETFs that are inversely correlated to DPST include FAZ, SEF, and SRTY.

Yes, DPST is a Leveraged (3x) ETF: This means that DPST will try to match the performance of S&P Regional Banks Select Industry Index, but with 3x the returns.

Yes, DPST is a Leveraged (3x) leveraged ETF: This means that {characteristics.Identifier} will try to match the performance of S&P Regional Banks Select Industry Index, but move 3x 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.