DRIP

Direxion Daily S&P Oil & Gas Exp. & Prod. Bear 3X Shares
*Unless otherwise stated, data provided by FactSet.

DRIP Fund Description

DRIP 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 Index—the same index underlying State Street’s 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 fund—spreads and any premium/discount—are 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.

DRIP CHARTS AND PERFORMANCE

  • 1 Month
  • 3 Months
  • YTD
  • 1 Year
  • 3 Years
  • 5 Years
  • Max
COMPARE
RESET
Select ETFs to compare their performance:
PERFORMANCE [as of 12/17/18] 1 MONTH 3 MONTHS YTD 1 YEAR 3 YEARS 5 YEARS 10 YEARS
DRIP 74.31% 159.24% 39.80% 5.67% -67.50% -- --
DRIP (NAV) 53.28% 138.79% 28.08% -0.54% -48.15% -- --
N/A -- -- -- -- -- -- --
All returns over 1 year are annualized. All returns are total returns unless otherwise stated.

DRIP Summary Data

Direxion
05/28/15
Open-Ended Fund
1.07%
$40.52M
0.12%

DRIP Portfolio Data

0.28%
12/27/18

DRIP Index Data

Equal
Market Cap
N/A

DRIP Fund Structure

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

DRIP Tax Exposures

20.00% / 39.60%
--
No
Bats Book Viewer
TOP OF BOOK
LAST 10 TRADES
Bats BZX Real-time Quote -
Daily Spread
Premium/Discount
Volume

DRIP Factset Analytics Block Liquidity

As of 12/18/18
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 Tradability

4,689,052
$45.18M
4,451,740
$41.28M
0.12%
$0.01
-0.03%
0.45% / -0.81%
None
0.00%
50,000
89.03
0.00%
--
27,227
$15.12
N/A