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ETFs

Direxion Work From Home ETF

WFH
$--
Today’s Change
-- (--)

Snapshot
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Inception Date
Jun 25 2020
Expense Ratio
0.45%
Type
US Equities
Fund Owner
Direxion Shares
Volume (1m avg. daily)
$169,667
AUM
$30,137,658
Associated Index
Solactive Remote Work Index
Inverse/Leveraged
No
Passive/Active
Passive
Fractionable on Composer
Yes
Prospectus
View

Top 10 Holdings

OKTA
Okta Inc - Ordinary Shares - Class A
2.97%
META
Meta Platforms Inc - Ordinary Shares - Class A
2.88%
ADBE
Adobe Inc
2.83%
GOOGL
Alphabet Inc - Ordinary Shares - Class A
2.83%
CRM
Salesforce Inc
2.79%
MSFT
Microsoft Corporation
2.79%
CRWD
Crowdstrike Holdings Inc - Ordinary Shares - Class A
2.79%
AVGO
Broadcom Inc
2.74%
SMAR
Smartsheet Inc - Ordinary Shares - Class A
2.70%
VMW
Vmware Inc. - Ordinary Shares - Class A
2.70%
Invest with WFH

What is WFH?

The Direxion Work From Home ETF offers exposure to companies across four technology pillars, allowing investors to gain exposure to those companies that stand to benefit from an increasingly flexible work environment. The four pillars include Cloud Technologies, Cybersecurity, Online Project and Document Management, and Remote Communications. Companies are selected for inclusion in the index by ARTIS, a proprietary natural language processing algorithm, which uses key words to evaluate large volumes of publicly available information, such as annual reports, business descriptions and financial news. The Index consists of 40 companies, namely, the top 10 ranked companies in each of the four WFH Industries.

ETFs related toWFH

ETFs correlated to WFH include SKYY, XSW, CLOU

WFH
Direxion Funds - Direxion Work From Home ETF
SKYY
First Trust Exchange-Traded Fund III - First Trust Cloud Computing ETF
XSW
SPDR Series Trust - SPDR S&P Software & Services ETF
CLOU
Global X Funds - Global X Cloud Computing ETF
WCLD
WisdomTree Trust - WisdomTree Cloud Computing Fund
IGV
BlackRock Institutional Trust Company N.A. - iShares Expanded Tech-Software Sector ETF
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
QTEC
First Trust Exchange-Traded Fund III - First Trust NASDAQ-100 Technology Sector Index Fund
PNQI
Invesco Capital Management LLC - Invesco NASDAQ Internet ETF
IHAK
iShares Trust - iShares Cybersecurity and Tech 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 toWFH

#GLOMO

On Top of the World: Global Momentum

Category

Momentum, Lever Up, Go Global

Risk Rating

Moderate

#D

Phalanx Formation: Downturn Defense

Category

Getting Defensive

Risk Rating

Moderate

Create your own algorithmic trading strategy with WFH using Composer

FAQ

WFH is a US Equities ETF. The Direxion Work From Home ETF offers exposure to companies across four technology pillars, allowing investors to gain exposure to those companies that stand to benefit from an increasingly flexible work environment. The four pillars include Cloud Technologies, Cybersecurity, Online Project and Document Management, and Remote Communications. Companies are selected for inclusion in the index by ARTIS, a proprietary natural language processing algorithm, which uses key words to evaluate large volumes of publicly available information, such as annual reports, business descriptions and financial news. The Index consists of 40 companies, namely, the top 10 ranked companies in each of the four WFH Industries.

WFH tracks the Solactive Remote Work Index.

No, WFH 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, WFH 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 WFH is -0.0359%. This is the percent change in the value of WFH over the most recent 1-month period. The 3-month return on WFH is 0.0552%. This is the percent change in the value of WFH over the most recent 3-month period.

The standard deviation of WFH for the past year is 0.3683%. 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 WFH include USMV, QUAL, and SPHQ.

ETFs correlated to WFH include SKYY, XSW, and CLOU.

ETFs that are inversely correlated to WFH include WEBS, HDGE, and HIBS.

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.