HYDD

Direxion Daily High Yield Bear 2X Shares
*Unless otherwise stated, data provided by FactSet.

HYDD Fund Description

HYDD offers daily -2x exposure to an index of USD-denominated high yield corporate bonds. The index is selected and weighted by market value.

HYDD Factset Analytics Insight

HYDD offers -2x daily exposure to high yield corporate bonds. It use the same underlying index tracked at 1x by SSgA’s blockbuster high yield ETF, JNK. As such, HYDD shorts USD-denominated corporates from mostly US issuers, with an emphasis on industrial issuers. Because it’s a -2x product, the hefty yield from these bonds works against HYDD, while an increase in rates will help returns. Standard geared fund caveats apply, namely 1) daily resetting by the fund means that investors’ returns for periods longer than a day are unlikely to match the -2x holding period returns for the index and 2) volatility in the underlying assets hurts returns for periods longer than a day. That said, HYDD’s basic structure provides potential for short-term profit from widening corporate spreads.

HYDD CHARTS AND PERFORMANCE

  • 1 Month
  • 3 Months
  • YTD
  • 1 Year
  • 3 Years
  • 5 Years
  • Max
COMPARE
RESET
Select ETFs to compare their performance:
PERFORMANCE [as of 12/17/18] 1 MONTH 3 MONTHS YTD 1 YEAR 3 YEARS 5 YEARS 10 YEARS
HYDD 0.28% 7.86% 4.33% 4.60% -- -- --
HYDD (NAV) 0.47% 5.72% 3.47% 2.46% -- -- --
N/A -- -- -- -- -- -- --
All returns over 1 year are annualized. All returns are total returns unless otherwise stated.

HYDD Summary Data

Direxion
06/16/16
Open-Ended Fund
0.89%
$3.84M
1.29%

HYDD Portfolio Data

0.56%
12/27/18

HYDD Index Data

Bloomberg Barclays U.S. High Yield Very Liquid Index
Market Value
Market Value
N/A

HYDD Fund Structure

Yes
No
No Policy
N/A
N/A
High
-2
Daily

HYDD Tax Exposures

20.00% / 39.60%
--
No
Bats Book Viewer
TOP OF BOOK
LAST 10 TRADES
Bats BZX Real-time Quote -
Daily Spread
Premium/Discount
Volume

HYDD Factset Analytics Block Liquidity

As of 12/18/18
5
4
3
2
1

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

HYDD Tradability

1,032
$23.74K
502
$12.70K
1.29%
$0.25
0.01%
1.47% / -7.02%
None
0.00%
50,000
0.01
0.00%
--
--
$19.22
N/A