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ETFs

Direxion Daily TIPS Bear 2X Shares

TIPD
$--
Today’s Change
-- (--)

Snapshot
*

Inception Date
Apr 05 2022
Expense Ratio
1.07%
Type
US Bonds
Fund Owner
Direxion Shares
Volume (1m avg. daily)
$72,641
AUM
$7,788,248
Associated Index
Solactive TIPS ETF Index
Inverse/Leveraged
Inverse (-2x)
Passive/Active
Passive
Fractionable on Composer
No
Prospectus
View

Top 10 Holdings

n/a
DREYFUS GOVT CASH MGMT
-0.01%
n/a
GOLDMAN FINL SQ TRSRY INST 506
-14.82%
n/a
DREYFUS GOVT CASH MGMT
-88.11%
Invest with TIPD

What is TIPD?

The Direxion Daily TIPS Bear 2X Shares seek daily investment results, before fees and expenses, of inverse 200% of the performance of the Solactive TIPS ETF Index. Solactive TIPS ETF Index (SOLTIPET) provides exposure to the iShares TIPS Bond ETF (the "iShares ETF"), which seeks to track the investment results of an index composed of inflation-protected U.S Treasury bonds, commonly known as "TIPS". TIPS are securities issued by the U.S. Treasury that are designed to provide inflation protection to investors.

ETFs related toTIPD

ETFs correlated to TIPD include TBX, PST, TYO

TIPD
Direxion Shares ETF Trust - Direxion Daily TIPS Bear 2X Shares
TBX
ProShares Trust - ProShares Short 7-10 Year Treasury -1x Shares
PST
Invesco Capital Management LLC - PowerShares UltraShort Lehman 7-10 + Year Treasury ProShares -2X Sh
TYO
Direxion Shares ETF Trust - Direxion Daily 7-10 Year Treasury Bear -3X Shares
TBF
ProShares Trust - ProShares Short 20+ Year Treasury -1x Shares
TTT
ProShares Trust - ProShares UltraPro Short 20+ Year Treasury -3x Shares
TBT
Invesco Capital Management LLC - PowerShares UltraShort Lehman 20+ Year Treasury ProShares 2x Shares
TMV
Direxion Shares ETF Trust - Direxion Daily 20+ Year Treasury Bear -3X Shares
PFIX
Simplify Exchange Traded Funds - Simplify Interest Rate Hedge ETF
DBMF
Manager Directed Portfolios - iMGP DBi Managed Futures Strategy ETF
GLL
ProShares Trust - ProShares UltraShort Gold -2x Shares

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 toTIPD

#OPUS-8

Opus-8

Category

Opus

Risk Rating

Conservative

#OPUS-12

Opus-12

Category

Opus

Risk Rating

Moderate

Create your own algorithmic trading strategy with TIPD using Composer

FAQ

TIPD is a US Bonds ETF. The Direxion Daily TIPS Bear 2X Shares seek daily investment results, before fees and expenses, of inverse 200% of the performance of the Solactive TIPS ETF Index. Solactive TIPS ETF Index (SOLTIPET) provides exposure to the iShares TIPS Bond ETF (the "iShares ETF"), which seeks to track the investment results of an index composed of inflation-protected U.S Treasury bonds, commonly known as "TIPS". TIPS are securities issued by the U.S. Treasury that are designed to provide inflation protection to investors.

TIPD tracks the Solactive TIPS ETF Index.

No, TIPD 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, TIPD 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 TIPD is -0.041%. This is the percent change in the value of TIPD over the most recent 1-month period. The 3-month return on TIPD is -0.0144%. This is the percent change in the value of TIPD over the most recent 3-month period.

ETFs similar to TIPD include TIPL, SDS, and SH.

ETFs correlated to TIPD include TBX, PST, and TYO.

ETFs that are inversely correlated to TIPD include TIP, SCHP, and DFIP.

Yes, TIPD is a Inverse (-2x) ETF: This means that TIPD will try to match the performance of Solactive TIPS ETF Index, but with 2x the returns.

Yes, TIPD is a Inverse (-2x) leveraged ETF: This means that {characteristics.Identifier} will try to match the performance of Solactive TIPS ETF 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.