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Direxion Daily S&P Oil & Gas Exp. & Prod. Bear 2X Shares

DRIP
$--
Today’s Change
-- (--)

Snapshot
*

Inception Date
May 28 2015
Expense Ratio
1.00%
Type
US Equities
Fund Owner
Direxion Shares
Volume (1m avg. daily)
$56,763,959
AUM
$86,449,884
Associated Index
S&P Oil & Gas Exploration & Production Select Industry Index
Inverse/Leveraged
Inverse (-3x)
Passive/Active
Passive
Dividend
No
Prospectus

Top 10 Holdings

n/a
GOLDMAN FINL SQ TRSRY INS
-0.71%
n/a
GOLDMAN FINL SQ TRSRY INS
-2.22%
n/a
DREYFUS GOVT CASH MGMT
-2.58%
n/a
DREYFUS TREASURY SECURITIES CASH MANAGEMENT
-4.46%
n/a
GOLDMAN FINL SQ TRSRY INST 506
-6.10%
n/a
DREYFUS GOVT CASH MGMT
-7.27%
n/a
GOLDMAN FINL SQ TRSRY INST 506
-9.16%
n/a
DREYFUS TREASURY SECURITIES CASH MANAGEMENT
-9.39%
n/a
GOLDMAN FINL SQ TRSRY INST 506
-11.42%
n/a
DREYFUS GOVT CASH MGMT
-58.72%
Invest with DRIP

What is DRIP?

The Fund seeks daily investment results, before fees and expenses, of 300% of the inverse (or opposite) of the performance of the S&P Oil & Gas Exploration & Production Select Industry Index. The Index is provided by Standard & Poor s and includes domestic companies from the oil and gas exploration and production sub-industry. As of April 30, 2015, the Index was comprised of 98 stocks. The companies included in the Index have a median market capitalization of $3.89 billion and are concentrated in the energy and oil and gas sectors as of April 30, 2015.

ETFs related toDRIP

ETFs correlated to DRIP include CLOZ, OILD, DUG

DRIPDirexion Shares ETF Trust - Direxion Daily S&P Oil & Gas Exp. & Prod. Bear -3X Shares
CLOZSeries Portfolios Trust - Panagram BBB-B CLO ETF
Expense Ratio0.50%
Correlation (1yr)1.00
Return (3mo)0.00%
Volume (avg daily 1m)NaN
OILDBank of Montreal - MicroSectors Oil & Gas Exploration & Production -3X Inverse Leveraged
DUGProShares Trust - ProShares UltraShort Oil & Gas -2x Shares
NRGDBank of Montreal - MicroSectors U.S. Big Oil Index -3X Inverse Leveraged ETNs
ERYDirexion Shares ETF Trust - Direxion Daily Energy Bear -2X Shares
PCRBPutnam ETF Trust - Putnam ESG Core Bond ETF
SCOProShares Trust - ProShares UltraShort Bloomberg Crude Oil -2x Shares
SMNProShares Trust - ProShares UltraShort Basic Materials -2x Shares
IBITETF Series Solutions Trust - Defiance Daily Short Digitizing the Economy ETF
SDDProShares Trust - ProShares UltraShort SmallCap600 -2x Shares

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.