DRIP

Direxion Daily S&P Oil & Gas Exp. & Prod. Bear 3X Shares

DRIP Fund Description

The Direxion Daily S&P Oil & Gas Exploration & Production Bear 3X Shares ETF provides 3x inverse daily exposure to an equal-weighted index of the largest oil and gas exploration and production companies in the US.

DRIP Factset Analytics Insight

DRIP seeks to deliver -300% of the daily performance of the S&P Oil & Gas Exploration & Production Select Industry Indexthe same index underlying State Streets XOP. The fund uses over-the-counter derivatives to achieve this exposure. Notably, the underlying index is equal-weighted. This means the unlevered index exhibits a small-company tilt and subsequent elevated market risk, and DRIP's leverage factor only amplifies this volatility. As a result, DRIP is only suited for very-risk-tolerant investors. As with all levered and inverse funds, DRIP should not be expected to deliver 3 times the inverse performance of its index for holding periods longer than one day.
DRIP is clearly meant as a tool for placing tactical bets and not as a permanent holding in a portfolio. As such, the costs of getting in and out of the fundspreads and any premium/discountare more important than the fund's high expense ratio. In this respect, DRIP is an effective option: daily volume is robust and spreads are manageable.

  • 1 Month
  • 3 Months
  • YTD
  • 1 Year
  • 3 Years
  • 5 Years
  • Max
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Bats BZX Real-time Quote - 08:02:19
Daily Spread
Premium/Discount
Volume

DRIP Factset Analytics Block Liquidity

As of 01/12/18
5
4
3
2
1

This measurement shows how easy it is to trade a $1 million USD block of DRIP. DRIP is rated a N/A out of 5.

DRIP Summary Data

Direxion
05/28/15
Open-Ended Fund
1.10%
$60.76M
0.19%

DRIP Portfolio Data

0.00%
03/20/18

DRIP Index Data

Equal
Market Cap
N/A

DRIP Fund Structure

Yes
No
No Policy
N/A
N/A
Low
-3
Daily

DRIP Tax Exposures

20.00% / 39.60%
--
No

DRIP Tradability

1,175,397
$15.24M
1,109,390
$14.48M
0.19%
0.04%
0.44% / -1.01%
None
50,000
22.19
0.00%
5,851
$9.94
N/A