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ETFs

Direxion Daily Travel & Vacation Bull 2X Shares

OOTO
$--
Today’s Change
-- (--)

Snapshot
*

Inception Date
Jun 10 2021
Expense Ratio
0.95%
Type
US Equities
Fund Owner
Direxion Shares
Volume (1m avg. daily)
$124,974
AUM
$13,740,280
Associated Index
BlueStar Travel and Vacation Index
Inverse/Leveraged
Leveraged (2x)
Passive/Active
Passive
Fractionable on Composer
No
Prospectus
View

Top 10 Holdings

n/a
GOLDMAN FINL SQ TRSRY INST 506
9.49%
n/a
DREYFUS GOVT CASH MAN INS
2.45%
BKNG
Booking Holdings Inc
2.22%
ABNB
Airbnb Inc - Ordinary Shares - Class A
2.17%
MAR
Marriott International, Inc. - Ordinary Shares - Class A
2.10%
HLT
Hilton Worldwide Holdings Inc
1.97%
DIS
Walt Disney Co (The)
1.68%
DAL
Delta Air Lines, Inc.
1.48%
TCOM
Trip.com Group Ltd - ADR
1.40%
VICI
VICI Properties Inc
1.26%
Invest with OOTO

What is OOTO?

The Direxion Daily Travel & Vacation Bull 2X Shares seeks daily investment results, before fees and expenses, of 200% of the performance of the BlueStar Travel and Vacation Index. There is no guarantee that the fund will achieve its stated investment objective. The BlueStar Travel and Vacation Index (BTOURNTR) is provided by MV Index Solutions GmbH and is comprised of US listed stocks, including depository receipts, of companies that are Travel and Vacation companies, as defined by the Index Provider. To be eligible for inclusion in the Index, a company must either (a) derive 25% or more of its revenue from, or devote 25% or more of its annual budget to, operating theme parks and/or hotels or (b) derive 50% or more of its revenue from, or devote 50% or more of its annual budget to the following activities: 1. Hotel accommodations; 2. Commercial airlines; 3. Casino resorts; 4. Hotel time shares; 5. Ski resorts; 6. Cruises; 7. Hotel real estate investment trusts; 8. Performing arts centers; 9. Online travel and event booking; 10. Specialty travel and experiences (such as outer space passenger travel), and 11. Operation of theme parks.

ETFs related toOOTO

ETFs correlated to OOTO include PEJ, RSPD, FXD

OOTO
Direxion Funds - Direxion Daily Travel & Vacation Bull 2X Shares
PEJ
Invesco Capital Management LLC - Invesco Leisure and Entertainment ETF
RSPD
Invesco Capital Management LLC - Invesco S&P 500 Equal Weight Consumer Discretionary ETF
FXD
First Trust Exchange-Traded Fund III - First Trust Consumer Discretionary AlphaDEX Fund
HIBL
Direxion Shares ETF Trust - Direxion Daily S&P 500 High Beta Bull 3X Shares
SPHB
Invesco Capital Management LLC - Invesco S&P 500 High Beta ETF
JETS
ETF Series Solutions Trust - ESS U.S.Global Jets ETF
VXF
Vanguard Group, Inc. - Vanguard Extended Market Index ETF
SCHM
Schwab Strategic Trust - Schwab U.S. Mid-Cap ETF
QQQJ
Invesco Exchange-Traded Fund Trust II - Invesco NASDAQ Next Gen 100 ETF
SMOT
VanEck ETF Trust - VanEck Morningstar SMID Moat 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 toOOTO

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Grow Your Portfolio, Diversification

Risk Rating

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Category

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Risk Rating

Aggressive

Create your own algorithmic trading strategy with OOTO using Composer

FAQ

OOTO is a US Equities ETF. The Direxion Daily Travel & Vacation Bull 2X Shares seeks daily investment results, before fees and expenses, of 200% of the performance of the BlueStar Travel and Vacation Index. There is no guarantee that the fund will achieve its stated investment objective. The BlueStar Travel and Vacation Index (BTOURNTR) is provided by MV Index Solutions GmbH and is comprised of US listed stocks, including depository receipts, of companies that are Travel and Vacation companies, as defined by the Index Provider. To be eligible for inclusion in the Index, a company must either (a) derive 25% or more of its revenue from, or devote 25% or more of its annual budget to, operating theme parks and/or hotels or (b) derive 50% or more of its revenue from, or devote 50% or more of its annual budget to the following activities: 1. Hotel accommodations; 2. Commercial airlines; 3. Casino resorts; 4. Hotel time shares; 5. Ski resorts; 6. Cruises; 7. Hotel real estate investment trusts; 8. Performing arts centers; 9. Online travel and event booking; 10. Specialty travel and experiences (such as outer space passenger travel), and 11. Operation of theme parks.

OOTO tracks the BlueStar Travel and Vacation Index.

No, OOTO 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, OOTO 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 OOTO is -0.0969%. This is the percent change in the value of OOTO over the most recent 1-month period. The 3-month return on OOTO is -0.0953%. This is the percent change in the value of OOTO over the most recent 3-month period.

The standard deviation of OOTO for the past year is 0.4774%. 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 OOTO include TQQQ, SSO, and TNA.

ETFs correlated to OOTO include PEJ, RSPD, and FXD.

ETFs that are inversely correlated to OOTO include HIBS, SRTY, and TWM.

Yes, OOTO is a Leveraged (2x) ETF: This means that OOTO will try to match the performance of BlueStar Travel and Vacation Index, but with 2x the returns.

Yes, OOTO is a Leveraged (2x) leveraged ETF: This means that {characteristics.Identifier} will try to match the performance of BlueStar Travel and Vacation Index, but move 2x in the opposite direction.

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.