RWVGDirexion Russell 1000 Value Over Growth ETF
RWVG Fund Description
RWVG tracks an index of US large-caps with leveraged (1.5x) exposure to value stocks and short (-0.5x) exposure to growth stocks.
RWVG Factset Analytics Insight
RWVG combines a bullish view on value and a somewhat bearish view on growth among US large caps. The means: an index with slightly leveraged exposure to Russell 1000 value stocks (150%) coupled with partial short exposure to Russell 1000 growth stocks (-50%). It resets monthly to this net 1x exposure. In Russell style indexes, middling stocks split their weights across value and growth. In RWVG, the effect would tend to offset for middling stocks while overweighting stocks with strong value traits and shorting those with strong growth traits. Expect sector biases to follow suit. 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, mitigated in the growth space. Still, RWVG could appeal to investors looking for more value impact than what’s found in pure style funds.
RWVG MSCI ESG Analytics Insight
Direxion Russell 1000 Value Over Growth ETF has an MSCI ESG Fund Rating of A based on a score of 6.20 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 Russell 1000 Value Over Growth ETF ranks in the 52nd percentile within its peer group and in the 63th percentile within the global universe of all funds covered by MSCI ESG Fund Ratings.
RWVG Summary Data
RWVG Portfolio Data
RWVG Index Data
RWVG Portfolio Management
RWVG Tax Exposures
RWVG Fund Structure
RWVG Factset Analytics Block Liquidity
This measurement shows how easy it is to trade a $1 million USD block of RWVG. RWVG is rated a N/A out of 5.
RWVG Sector/Industry Breakdown
RWVG Top 10 Holdings
RWVG Economic Development
RWVG Performance Statistics
RWVG MSCI ESG Ratings
RWVG Benchmark Comparison Summary
RWVG Benchmark Comparison Market Cap Size