Snapshot*
Top 10 Holdings
What is RETL?
The Direxion Daily Retail Bull 3X Shares seeks daily investment results, before fees and expenses, of 300% of the performance of the S&P Retail Select Industry Index. There is no guarantee the fund will meet its stated investment objective.
ETFs related toRETL
ETFs correlated to RETL include XRT, FXD, RSPD
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 toRETL
SPY minimum drawdown
Create your own algorithmic trading strategy with RETL using Composer
News Related to RETL
Direxion Retail Bull ETF Rallies As GameStop Traders Look For Diversification To Play The Stock's Surge
May 13, 2024 • by Melanie Schaffer
Nike's Momentum Confirmed In Earnings Report: Are Analysts Remaining Bullish?
Mar 22, 2023 • by AJ Fabino
Looking To Trade The Retail Sector Bullishly Following Target Earnings? This Fund Offers 3X Leverage
Feb 28, 2023 • by Melanie Schaffer
Looking To Trade A Reversal In Retail Stocks? This ETF Tracks Amazon, Target, Dollar Tree, Among Others
Nov 16, 2022 • by Melanie Schaffer
FAQ
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.