DRR

Market Vectors Double Short Euro ETN
*Unless otherwise stated, data provided by FactSet.

DRR Fund Description

The Market Vectors Double Short Euro ETN provides 2x inverse exposure to an index that measures the performance of the euro relative to the US dollar.

DRR Factset Analytics Insight

For investors that are bearish on the euro, DRR provides -2x exposure to the euro relative to the US dollar. For every 1% down move in the euro relative to the dollar, DRR ideally should move up 2%. However, the fund rebalances daily, making long-term returns difficult to predict, as performance is affected by compounding and path dependency. Keep in mind that DRR is structured as an exchange-traded note. As a result, the fund is directly affected by the counterparty risk of its backer—Morgan Stanley. That said, DRR's fee is low for this kind of note. DRR's closure risk is significant: assets are low, and the note barely trades most days. As a result, spreads are massive, which is a major problem for an intra-day trading tool.

DRR CHARTS AND PERFORMANCE

  • 1 Month
  • 3 Months
  • YTD
  • 1 Year
  • 3 Years
  • 5 Years
  • Max
COMPARE
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Select ETFs to compare their performance:
PERFORMANCE [as of 08/16/18] 1 MONTH 3 MONTHS YTD 1 YEAR 3 YEARS 5 YEARS 10 YEARS
DRR 6.11% 9.52% 17.58% 10.20% -0.35% 6.42% 2.48%
DRR (NAV) 6.79% 10.84% 15.50% 11.46% -0.35% 6.75% 2.66%
Double Short Euro Index -- -- -- -- -- -- 2.66%
N/A -- -- -- -- -- -- --
All returns over 1 year are annualized. All returns are total returns unless otherwise stated.

DRR Summary Data

05/06/08
Exchange-Traded Note
0.65%
$12.63M
2.21%

DRR Portfolio Data

0.00%
N/A

DRR Index Data

Single Asset
Single Asset
N/A

DRR Fund Structure

No
N/A
N/A / N/A
Morgan Stanley
Low
High
-2
Daily

DRR Tax Exposures

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

DRR Factset Analytics Block Liquidity

As of 08/17/18
5
4
3
2
1

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

DRR Tradability

359
$25.63K
110
$11.52K
2.21%
$1.18
-0.71%
11.40% / -5.01%
Potential
100.00%
50,000
0.00
0.00%
--
--
$57.12
5