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ETFs

Direxion mRNA ETF

MSGR
$--
Today’s Change
-- (--)

Snapshot
*

Inception Date
Dec 09 2021
Expense Ratio
0.65%
Type
Global Equities
Fund Owner
Direxion Shares
Volume (1m avg. daily)
$32,595
AUM
$3,051,621
Associated Index
BITA Messenger RNA Technology Index
Inverse/Leveraged
No
Passive/Active
Passive
Fractionable on Composer
No
Prospectus
View

Top 10 Holdings

VRTX
Vertex Pharmaceuticals, Inc.
7.74%
BGNE
BeiGene Ltd - ADR
6.84%
BNTX
BioNTech SE - ADR
6.63%
MRNA
Moderna Inc
6.45%
ALNY
Alnylam Pharmaceuticals Inc
6.28%
PTCT
PTC Therapeutics Inc
5.99%
SRPT
Sarepta Therapeutics Inc
5.81%
MRVI
Maravai LifeSciences Holdings Inc - Ordinary Shares - Class A
5.25%
RNA
Avidity Biosciences Inc
4.92%
NTLA
Intellia Therapeutics Inc
4.88%
Invest with MSGR

What is MSGR?

The Direxion mRNA ETF (MSGR) provides exposure to companies that are leading the development and application of messenger RNA ( mRNA ) technology. The BITA Messenger RNA Technology Index (BMRNAIN) provides exposure to the performance of companies, publicly listed in the United States, Canada and Europe, that are leading the development and application of messenger RNA ( mRNA ) technology. mRNA is a single stranded ribonucleic acid ( RNA ) molecule that is complementary to one of the DNA strands of a gene. mRNA plays a vital role in protein synthesis in the human body, and mRNA technologies leverage this vital role to enable targeted cells to produce proteins that enable the body to fight or prevent a given disease. As an example, mRNA technology is the basis for certain COVID 19 vaccines. Eligible companies must meet certain conditions as specified by the Index Provider as well as market capitalization and liquidity requirements. Index constituents are weighted based on a modified free float market capitalization and reconstituted and rebalanced quarterly.

ETFs related toMSGR

ETFs correlated to MSGR include LABU, XBI, IBB

MSGR
Direxion Shares ETF Trust - Direxion mRNA ETF
LABU
Direxion Shares ETF Trust - Direxion Daily S&P Biotech Bull 3X Shares
XBI
SPDR Series Trust - SPDR Biotech ETF
IBB
BlackRock Institutional Trust Company N.A. - iShares Biotechnology ETF
BIB
ProShares Trust - ProShares Ultra Nasdaq Biotechnology 2X Shares
GNOM
Global X Funds - Global X Genomics & Biotechnology ETF
FBT
First Trust Exchange-Traded Fund III - First Trust NYSE Arca Biotechnology Index Fund
BBH
VanEck ETF Trust - VanEck Biotech ETF
ARKG
ARK Investment Management LLC - ARK Genomic Revolution ETF
XPH
SPDR Series Trust - SPDR Pharmaceuticals ETF
VBK
Vanguard Group, Inc. - Vanguard Small Cap Growth 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 toMSGR

#GLOMO

On Top of the World: Global Momentum

Category

Momentum, Lever Up, Go Global

Risk Rating

Moderate

Create your own algorithmic trading strategy with MSGR using Composer

FAQ

MSGR is a Global Equities ETF. The Direxion mRNA ETF (MSGR) provides exposure to companies that are leading the development and application of messenger RNA ( mRNA ) technology. The BITA Messenger RNA Technology Index (BMRNAIN) provides exposure to the performance of companies, publicly listed in the United States, Canada and Europe, that are leading the development and application of messenger RNA ( mRNA ) technology. mRNA is a single stranded ribonucleic acid ( RNA ) molecule that is complementary to one of the DNA strands of a gene. mRNA plays a vital role in protein synthesis in the human body, and mRNA technologies leverage this vital role to enable targeted cells to produce proteins that enable the body to fight or prevent a given disease. As an example, mRNA technology is the basis for certain COVID 19 vaccines. Eligible companies must meet certain conditions as specified by the Index Provider as well as market capitalization and liquidity requirements. Index constituents are weighted based on a modified free float market capitalization and reconstituted and rebalanced quarterly.

MSGR tracks the BITA Messenger RNA Technology Index.

No, MSGR 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, MSGR 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 MSGR is -0.067%. This is the percent change in the value of MSGR over the most recent 1-month period. The 3-month return on MSGR is -0.0584%. This is the percent change in the value of MSGR over the most recent 3-month period.

The standard deviation of MSGR for the past year is 0.4264%. 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 MSGR include GDX, SMH, and GDXJ.

ETFs correlated to MSGR include LABU, XBI, and IBB.

ETFs that are inversely correlated to MSGR include LABD, SARK, and SRTY.

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.