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 06/13/19] 1 MONTH 3 MONTHS YTD 1 YEAR 3 YEARS 5 YEARS 10 YEARS
DRIP 59.88% 41.84% -6.79% 153.41% -21.31% -- --
DRIP (NAV) 34.56% 39.48% -13.76% 133.32% -23.93% -- --
S&P Oil & Gas Exploration & Production Select Industry -11.48% -14.80% -3.63% -38.85% -8.98% -19.67% --
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%
$34.06M
0.10%

DRIP Portfolio Data

0.79%
06/25/19

DRIP Index Data

Equal
Market Cap
N/A

DRIP Fund Structure

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

DRIP Tax Exposures

20.00% / 39.60%
--
No
Cboe 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 06/14/19
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 5 out of 5.

DRIP Tradability

4,895,881
$53.06M
4,816,735
$50.04M
0.10%
$0.01
-0.02%
0.45% / -0.81%
None
0.00%
50,000
96.33
0.00%
--
27,286
$15.08
5