DZK

Direxion Daily MSCI Developed Markets Bull 3x Shares
*Unless otherwise stated, data provided by FactSet.

DZK Fund Description

DZK provides daily 3x exposure to the MSCI EAFE Index, which represents 85% of the market capitalization of developed markets outside North America.

DZK Factset Analytics Insight

DZK provides daily 3x exposure to MSCI's popular EAFE index, which captures developed-market equities outside of the US and Canada. This is the bullish version of sister-fund DPK, which provides 3x inverse exposure, and a competitor to EFO, which provides 2x exposure to the same index. Simple long exposure can be had through iShares' EFA and IEFA. The fund achieves leverage primarily through the use of swap agreements, which carry slight counterparty risk. Like all levered funds, DZK tends to underperform its target multiple in volatile markets if held for longer than its daily reset period, and is only suitable for short-term trading positions. Given that, its high fee takes a back seat to trading costs for most investors. The fund is a mixed bag on this front: liquidity is merely adequate at most times.

DZK 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 09/16/19] 1 MONTH 3 MONTHS YTD 1 YEAR 3 YEARS 5 YEARS 10 YEARS
DZK 12.94% 4.74% 38.83% -6.15% 13.29% -2.23% 1.64%
DZK (NAV) 14.77% 4.40% 34.84% -9.10% 13.08% -2.84% --
MSCI EAFE Index 5.16% 2.24% 13.31% 1.08% 7.52% 2.89% --
N/A -- -- -- -- -- -- --
All returns over 1 year are annualized. All returns are total returns unless otherwise stated.

DZK Summary Data

Direxion
12/17/08
Open-Ended Fund
1.19%
$12.62M
0.26%

DZK Portfolio Data

2.54%
09/24/19

DZK Index Data

MSCI EAFE Index
Market Cap
Market Cap
N/A

DZK Fund Structure

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

DZK 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

DZK Factset Analytics Block Liquidity

As of 09/17/19
5
4
3
2
1

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

DZK Tradability

1,662
$102.09K
1,118
$68.79K
0.26%
$0.16
-0.04%
1.16% / -3.19%
None
0.00%
50,000
0.02
0.01%
--
0
$61.37
N/A