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Direxion Daily Real Estate Bull 3X Shares

DRN
$--
Today’s Change
-- (--)

Snapshot
*

Inception Date
Jul 16 2009
Expense Ratio
0.96%
Type
US Equities
Fund Owner
Direxion Shares
Volume (1m avg. daily)
$6,216,279
AUM
$57,350,782
Associated Index
S&P Real Estate Select Sector Index
Inverse/Leveraged
Leveraged (3x)
Passive/Active
Passive
Dividend
No
Prospectus

Top 10 Holdings

n/a
GOLDMAN FINL SQ TRSRY INST 506
6.65%
n/a
DREYFUS GOVT CASH MGMT
4.03%
PLD
Prologis Inc
2.24%
AMT
American Tower Corp.
1.95%
EQIX
Equinix Inc
1.28%
CCI
Crown Castle Inc
1.22%
PSA
Public Storage
0.89%
O
Realty Income Corp.
0.81%
SPG
Simon Property Group, Inc.
0.78%
WELL
Welltower Inc.
0.66%
Invest with DRN

What is DRN?

The Direxion Daily Real Estate Bull (DRN) Shares seek daily investment results, before fees and expenses, of 300%, or 300% of the inverse (or opposite), of the performance of the Real Estate Select Sector Index. There is no guarantee the funds will meet their stated investment objective.

ETFs related toDRN

ETFs correlated to DRN include GJAN, XLRE, ICF

DRN
Direxion Shares ETF Trust - Direxion Daily Real Estate Bull 3X Shares
GJAN
First Trust Exchange-Traded Fund VIII - FT Cboe Vest U.S. Equity Moderate Buffer ETF - January
XLRE
SSgA Active Trust - Real Estate Select Sector SPDR Fund (The)
ICF
BlackRock Institutional Trust Company N.A. - iShares Cohen & Steers REIT ETF
IYR
BlackRock Institutional Trust Company N.A. - iShares U.S. Real Estate ETF
SCHH
Schwab Strategic Trust - Schwab U.S. REIT ETF
DFAR
Dimensional ETF Trust - Dimensional US Real Estate ETF
URE
ProShares Trust - ProShares Ultra Real Estate 2X Shares
VNQ
Vanguard Group, Inc. - Vanguard Real Estate Index Fund ETF
FREL
Fidelity Covington Trust - Fidelity MSCI Real Estate Index ETF
PSR
Invesco Capital Management LLC - Invesco Active U.S. Real Estate 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 toDRN

#OPUS-8

Opus-8

Category

Opus

Risk Rating

Conservative

Can contain

DRNVNQ
#OPUS-12

Opus-12

Category

Opus

Risk Rating

Moderate

Can contain

DRNVNQ

Create your own algorithmic trading strategy with DRN using Composer

Disclaimers

*

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.