DRRMarket Vectors Double Short Euro ETN
DRR Fund Description
DRR 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
DRR Portfolio Data
DRR Index Data
DRR Fund Structure
DRR Tax Exposures
DRR Factset Analytics Block Liquidity
This measurement shows how easy it is to trade a $1 million USD block of DRR. DRR is rated a 5 out of 5.