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Direxion Daily Software Bull 2X Shares

SWAR
$--
Today’s Change
-- (--)

Snapshot
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Inception Date
Dec 16 2021
Expense Ratio
0.95%
Type
US Equities
Fund Owner
Direxion Shares
Volume (1m avg. daily)
$36,890
AUM
$4,519,498
Associated Index
S&P North American Expanded Technology Software Index
Inverse/Leveraged
Leveraged (2x)
Passive/Active
Passive
Fractionable on Composer
No

Top 10 Holdings

MSFT
Microsoft Corporation
3.86%
ADBE
Adobe Inc
3.82%
CRM
Salesforce Inc
3.76%
ORCL
Oracle Corp.
3.34%
INTU
Intuit Inc
2.88%
NOW
ServiceNow Inc
2.18%
ATVI
Activision Blizzard Inc
1.40%
CDNS
Cadence Design Systems, Inc.
1.35%
PANW
Palo Alto Networks Inc
1.34%
SNPS
Synopsys, Inc.
1.32%
Invest with SWAR

What is SWAR?

The Direxion Daily Software Bull 2X Shares seeks daily investment results, before fees and expenses, of 200% of the performance of the S&P North American Expanded Technology Software Index. The S&P North American Expanded Technology Software Index measures the performance of the constituents of the S&P North American Technology Software Index (the Underlying Index ) as well as certain eligible supplemental stocks. The Underlying Index measures the performance of U.S. and Canadian stocks that are classified in the application software, systems software and home entertainment software sub-industries of the Global Industry Classification Standard (GICS) information technology sector. At its quarterly rebalances, the Index is weighted by float-adjusted market capitalization, subject to the following diversification requirements: (1) the weight of a single component cannot exceed 8.5%, and (2) the aggregate weight of the Index components with a weight greater than 4.5% cannot exceed 45%.

ETFs related toSWAR

ETFs correlated to SWAR include IGV, SKYY, XSW

SWAR
Direxion Shares ETF Trust - Direxion Daily Software Bull 2X Shares
IGV
BlackRock Institutional Trust Company N.A. - iShares Expanded Tech-Software Sector ETF
SKYY
First Trust Exchange-Traded Fund III - First Trust Cloud Computing ETF
XSW
SPDR Series Trust - SPDR S&P Software & Services ETF
QTEC
First Trust Exchange-Traded Fund III - First Trust NASDAQ-100 Technology Sector Index Fund
FDN
First Trust Exchange-Traded Fund III - First Trust Dow Jones Internet Index Fund
WEBL
Direxion Shares ETF Trust - Direxion Daily Dow Jones Internet Bull 3X Shares
CLOU
Global X Funds - Global X Cloud Computing ETF
IGM
BlackRock Institutional Trust Company N.A. - iShares Expanded Tech Sector ETF
CACG
Legg Mason ETF Investment Trust - ClearBridge All Cap Growth ESG ETF
NULG
Nuveen Fund Advisors LLC - Nuveen ESG Large-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 toSWAR

#SPYMIN

SPY minimum drawdown

Category

Community

Risk Rating

Aggressive

Create your own algorithmic trading strategy with SWAR using Composer

FAQ

SWAR is a US Equities ETF. The Direxion Daily Software Bull 2X Shares seeks daily investment results, before fees and expenses, of 200% of the performance of the S&P North American Expanded Technology Software Index. The S&P North American Expanded Technology Software Index measures the performance of the constituents of the S&P North American Technology Software Index (the Underlying Index ) as well as certain eligible supplemental stocks. The Underlying Index measures the performance of U.S. and Canadian stocks that are classified in the application software, systems software and home entertainment software sub-industries of the Global Industry Classification Standard (GICS) information technology sector. At its quarterly rebalances, the Index is weighted by float-adjusted market capitalization, subject to the following diversification requirements: (1) the weight of a single component cannot exceed 8.5%, and (2) the aggregate weight of the Index components with a weight greater than 4.5% cannot exceed 45%.

SWAR tracks the S&P North American Expanded Technology Software Index.

No, SWAR 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, SWAR 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 SWAR is 0.1026%. This is the percent change in the value of SWAR over the most recent 1-month period. The 3-month return on SWAR is 0.2063%. This is the percent change in the value of SWAR over the most recent 3-month period.

The standard deviation of SWAR for the past year is 0.6807%. 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 SWAR include TNA, TZA, and QLD.

ETFs correlated to SWAR include IGV, SKYY, and XSW.

ETFs that are inversely correlated to SWAR include WEBS, QID, and SQQQ.

Yes, SWAR is a Leveraged (2x) ETF: This means that SWAR will try to match the performance of S&P North American Expanded Technology Software Index, but with 2x the returns.

Yes, SWAR is a Leveraged (2x) leveraged ETF: This means that {characteristics.Identifier} will try to match the performance of S&P North American Expanded Technology Software Index, but move 2x in the opposite direction.

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.