ERXDirexion Daily Energy Bull 3x Shares
ERX Fund Description
ERX provides 3x leveraged exposure to a market-cap-weighted index of US large-cap companies in the energy industry.
ERX Factset Analytics Insight
ERX provides 3x leveraged exposure to the S&P Energy Select Sector Index—a market-cap-weighted index of US energy companies from the S&P 500, heavily weighted towards the handful of firms that dominate the energy sector. Providing hyper-concentrated exposure to a concentrated sector, the ERX wasn't designed to be a long-term investment, but a short-term trading vehicle, making its high but typical fee less important. The fund rebalances daily. As a result, compounding and path dependency make its long-term returns difficult to predict when compared with its underlying index and beta-1 funds, such as XLE, that track that index. Despite this, ERX's asset base is indicative of strong investor interest, which is also reflected by ample liquidity and narrow spreads.
ERX MSCI ESG Analytics Insight
Direxion Daily Energy Bull 3x Shares has an MSCI ESG Fund Rating of BBB based on a score of 5.60 out of 10. The MSCI ESG Fund Rating measures the resiliency of portfolios to long-term risks and opportunities arising from environmental, social, and governance factors. ESG Fund Ratings range from best (AAA) to worst (CCC). Highly rated funds consist of companies that tend to show strong and/or improving management of financially relevant environmental, social and governance issues. These companies may be more resilient to disruptions arising from ESG events.
The fund’s Peer Rank reflects the ranking of a fund’s MSCI ESG Fund Quality Score against the scores of other funds within the same peer group, as defined by the Thomson Reuters Lipper Global Classification. Direxion Daily Energy Bull 3x Shares ranks in the 52nd percentile within its peer group and in the 50th percentile within the global universe of all funds covered by MSCI ESG Fund Ratings.
ERX Charts And Performance
ERX Factset Analytics Block Liquidity
This measurement shows how easy it is to trade a $1 million USD block of ERX. ERX is rated a N/A out of 5.
ERX MSCI ESG Ratings
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