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
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Select ETFs to compare their performance:
PERFORMANCE [as of 09/19/19] 1 MONTH 3 MONTHS YTD 1 YEAR 3 YEARS 5 YEARS 10 YEARS
DRIP -41.25% -9.05% -27.68% 109.58% -20.19% -- --
DRIP (NAV) -29.43% -6.15% -23.31% 129.17% -18.74% -- --
S&P Oil & Gas Exploration & Production Select Industry 6.08% -8.03% -10.02% -43.24% -12.13% -19.09% --
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%
$38.35M
0.27%

DRIP Portfolio Data

0.84%
09/24/19

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
Cboe Book Viewer
Top Of Book
Last 10 Trades
Bats BZX Real-time Quote -

DRIP Factset Analytics Block Liquidity

As of 09/20/19
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 N/A out of 5.

DRIP Tradability

427,673
$35.07M
303,446
$29.90M
0.27%
$0.25
0.00%
0.51% / -0.85%
None
0.00%
50,000
6.07
0.00%
--
26,591
$67.05
N/A