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ETFs

Direxion Daily TIPS Bull 2X Shares

TIPL
$--
Today’s Change
-- (--)

Snapshot
*

Inception Date
Apr 05 2022
Expense Ratio
1.07%
Type
US Bonds
Fund Owner
Direxion Shares
Volume (1m avg. daily)
$10,795
AUM
$5,026,571
Associated Index
Solactive TIPS ETF Index
Inverse/Leveraged
Leveraged (2x)
Passive/Active
Passive
Fractionable on Composer
No
Prospectus
View

Top 10 Holdings

TIP
BlackRock Institutional Trust Company N.A. - iShares TIPS Bond ETF
37.63%
n/a
DREYFUS GOVT CASH MGMT
8.34%
n/a
DREYFUS GOVT CASH MGMT
0.22%
Invest with TIPL

What is TIPL?

The Direxion Daily TIPS Bull 2X Shares seek daily investment results, before fees and expenses, of 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 toTIPL

ETFs correlated to TIPL include TIP, SCHP, DFIP

TIPL
Direxion Shares ETF Trust - Direxion Daily TIPS Bull 2X Shares
TIP
BlackRock Institutional Trust Company N.A. - iShares TIPS Bond ETF
SCHP
Schwab Strategic Trust - Schwab U.S. Tips ETF
DFIP
Dimensional ETF Trust - Dimensional Inflation-Protected Securities ETF
SPIP
SPDR Series Trust - SPDR Portfolio TIPS ETF
TDTF
FlexShares Trust - FlexShares iBoxx 5-Year Target Duration TIPS Index Fund
TIPX
SPDR Series Trust - SPDR Bloomberg 1-10 Year TIPS ETF
TDTT
FlexShares Trust - FlexShares iBoxx 3-Year Target Duration TIPS Index Fund
LTPZ
Pimco Exchange Traded Fund - PIMCO 15+ Year U.S. TIPS Index Exchange-Traded Fund
STIP
BlackRock Institutional Trust Company N.A. - iShares 0-5 Year TIPS Bond ETF
VTIP
Vanguard Malvern Funds - Vanguard Short-Term Inflation-Protected Securities Index Fund

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 toTIPL

#SPYMIN

SPY minimum drawdown

Category

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Risk Rating

Aggressive

#HFEAR

Hedgefundie's Excellent Adventure Refined

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Risk Rating

Aggressive

Create your own algorithmic trading strategy with TIPL using Composer

FAQ

TIPL is a US Bonds ETF. The Direxion Daily TIPS Bull 2X Shares seek daily investment results, before fees and expenses, of 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.

TIPL tracks the Solactive TIPS ETF Index.

No, TIPL 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, TIPL 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 TIPL is 0.0126%. This is the percent change in the value of TIPL over the most recent 1-month period. The 3-month return on TIPL is -0.0014%. This is the percent change in the value of TIPL over the most recent 3-month period.

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

ETFs correlated to TIPL include TIP, SCHP, and DFIP.

ETFs that are inversely correlated to TIPL include TBX, PST, and TYO.

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

Yes, TIPL is a Leveraged (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.