QMJ

Direxion S&P 500 High minus Low Quality ETF
*Unless otherwise stated, data provided by FactSet.

QMJ Fund Description

QMJ tracks an index of US large-caps with long (1.5x) exposure to high quality stocks and inverse (-0.5x) exposure to low quality stocks.

QMJ Factset Analytics Insight

QMJ combines a bullish view on high quality stocks and a somewhat bearish view on low quality stocks among US large caps. The means: an index with slightly leveraged exposure to S&P 500 quality stocks (150%) coupled with partial short exposure to S&P 500 quality — lowest quintile stocks (-50%). It resets monthly to this net 1x exposure, and reconstituted semi-annually for the long and short components. The fund’s 150/50 structure captures both high and low quality scores based on three fundamental metrics: return on equity, accruals, and financial leverage. This approach is rooted in the idea that higher quality companies outperform lower quality ones over the long-term. The fund uses derivatives. Its issuer, known for geared products, should be well-versed in using them. As always, short exposure brings the drag of dividends owed to the lender. In all, QMJ aims to deliver a profile of quality exposure across the US large cap space.

QMJ MSCI ESG Analytics Insight

Direxion S&P 500 High minus Low Quality ETF has an MSCI ESG Fund Rating of A based on a score of 6.53 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 S&P 500 High minus Low Quality ETF ranks in the 73th percentile within its peer group and in the 73th percentile within the global universe of all funds covered by MSCI ESG Fund Ratings.

QMJ Charts And Performance

Price Chart ($)
Total Return Chart (%)
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Select ETFs to compare their performance:
PERFORMANCE [as of 07/31/20] 1 MONTH 3 MONTHS YTD 1 YEAR 3 YEARS 5 YEARS 10 YEARS
QMJ 3.30% 7.85% -- -- -- -- --
ticker (NAV) 3.68% 8.76% -- -- -- -- --
MSCI USA Large Cap Index 5.86% 13.49% 4.41% 14.48% 13.10% 12.16% 14.21%
All returns over 1 year are annualized. All returns are total returns unless otherwise stated.

QMJ Summary Data

Direxion
02/05/20
Open-Ended Fund
0.37%
$10.19M
$157.43K
0.05%

QMJ Portfolio Data

$299.82B
25.35
4.91
--
09/22/20
100

QMJ Index Data

S&P 500 150/50 Quality 0.30% Decrement Index
Fixed
Fixed
MSCI USA Large Cap Index

QMJ Portfolio Management

0.37%
--
--
--

QMJ Tax Exposures

20.00% / 39.60%
--
Qualified dividends
No

QMJ Fund Structure

Open-Ended Fund
No
No
No Policy
N/A
N/A
Low
Daily
Cboe Book Viewer
Top Of Book
Last 10 Trades
Bats BZX Real-time Quote -

QMJ Factset Analytics Block Liquidity

As of 08/03/20
5
4
3
2
1

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

QMJ Tradability

3,145
$157.43K
842
$43.22K
0.05%
$0.02
-0.11%
2.60% / -3.37%
None
--
25,000
0.03
--
--
0
$51.29
N/A

QMJ Sector/Industry Breakdown


QMJ
Segment Benchmark
41.71%
35.45%
23.09%
14.87%
8.76%
8.15%
7.72%
6.96%
7.27%
14.07%
4.33%
11.31%
3.95%
1.85%
3.18%
2.48%

QMJ Top 10 Holdings[View All]

5.41%
5.09%
4.70%
4.68%
4.48%
4.43%
4.27%
3.46%
3.36%
3.02%
42.9%

QMJ Countries


QMJ
Segment Benchmark
100.00%
99.90%
--
0.10%

QMJ Regions


QMJ
Segment Benchmark
100.00%
100.00%

QMJ Economic Development


QMJ
Segment Benchmark
100.00%
100.00%

QMJ Performance Statistics

--
--
--
--
0.00%
MSCI USA Large Cap Index

QMJ MSCI ESG Ratings

6.53 / 10
73.35
73.28
2.40%
7.71%
48.56

QMJ Benchmark Comparison Holdings

100
287
63
31.76%

QMJ Benchmark Comparison Summary


QMJ
Segment Benchmark
100
287
$299.82B
$423.71B
25.35
26.20
4.91
3.94
1.72%
1.84%
Medium
Low

QMJ Benchmark Comparison Market Cap Size


QMJ
Segment Benchmark
96.46%
99.95%
3.54%
0.05%
0.00%
0.00%
0.00%
0.00%