Price Chart

Key Stats

Net Expense Ratio Discount or Premium to NAV Total Assets Under Management 30-Day Average Daily Volume
1.24% 0.30% 50.55M 1.629M
Dividend Yield Turnover Ratio 1 Year Fund Level Flows Max Drawdown (Since Inception)
5.49% 0.00% -48.10M Upgrade

Basic Info

Investment Strategy
The investment seeks daily investment results, of 200% of the inverse (or opposite) of the daily performance of the S&P Oil & Gas Exploration & Production Select Industry Index. The index is a modified equal-weighted index that is designed to measure the performance of the oil and gas exploration and production sub-industry determined based on the GICS. The fund invests at least 80% of the fund’s net assets in swap agreements, futures contracts, short positions or other financial instruments that provide inverse or short daily exposure to the index or to ETFs that track the index which provider returns consistent with the objective. It is non-diversified.
General
Security Type Exchange-Traded Fund
Equity Style --
Fixed Income Style --
Broad Asset Class Miscellaneous
Broad Category Miscellaneous
Category Name Trading--Inverse Equity
Category Index S&P 500 TR USD
Global Category Name Trading Tools
YCharts Categorization Other
YCharts Benchmark S&P 500 Total Return (^SPXTR)
Prospectus Objective Specialty - Natural Resources
Fund Owner Firm Name Direxion Funds
Prospectus Benchmark Index
S&P Oil&Gas Explor&Pro Sel Indust TR USD -200.0%
Broad Asset Class Benchmark Index
^SPXTR 100.0%
Manager Tenure
Paul Brigandi 8.69 yrs
Tony Ng 8.35 yrs

Performance Versus Category

 
20%
15%
10%
5%
0
View Category Returns. Upgrade now.
Name
1M
3M
YTD
1Y
3Y
5Y
10Y
15Y
Total Return (Price)
--
--
--
--
--
--
--
--
Total Return (NAV)
--
--
--
--
--
--
--
--
Category Rtn. (NAV)
--
--
--
--
--
--
--
--
% Rank in Cat (NAV)
--
--
--
--
--
--
--
--
As of February 29, 2024. Returns for periods of 1 year and above are annualized.

Annual Total Returns Versus Peers

Loading chart...
Name
2017
2018
2019
2020
2021
2022
2023
YTD
-9.05%
49.65%
-36.14%
-95.23%
-79.74%
-73.57%
-17.12%
-4.61%
21.83%
-4.38%
31.49%
18.40%
28.71%
-18.11%
26.29%
7.11%
-5.61%
45.55%
-38.68%
-11.90%
-68.00%
-73.61%
-0.27%
-4.33%
-1.09%
36.18%
-23.47%
-24.59%
-68.12%
-72.99%
-2.34%
-4.47%
-40.21%
-74.28%
-52.66%
-97.38%
129.9%
66.51%
-7.31%
3.21%
-38.64%
3.11%
-35.34%
-44.56%
-35.18%
7.09%
-18.82%
-5.22%
As of February 29, 2024.

Asset Allocation

As of February 26, 2024.
Type % Net % Long % Short
Cash 80.51% Upgrade Upgrade
Stock -6.58% Upgrade Upgrade
Bond 0.00% Upgrade Upgrade
Convertible 0.00% Upgrade Upgrade
Preferred 0.00% Upgrade Upgrade
Other 26.07% Upgrade Upgrade

Basic Info

Investment Strategy
The investment seeks daily investment results, of 200% of the inverse (or opposite) of the daily performance of the S&P Oil & Gas Exploration & Production Select Industry Index. The index is a modified equal-weighted index that is designed to measure the performance of the oil and gas exploration and production sub-industry determined based on the GICS. The fund invests at least 80% of the fund’s net assets in swap agreements, futures contracts, short positions or other financial instruments that provide inverse or short daily exposure to the index or to ETFs that track the index which provider returns consistent with the objective. It is non-diversified.
General
Security Type Exchange-Traded Fund
Equity Style --
Fixed Income Style --
Broad Asset Class Miscellaneous
Broad Category Miscellaneous
Category Name Trading--Inverse Equity
Category Index S&P 500 TR USD
Global Category Name Trading Tools
YCharts Categorization Other
YCharts Benchmark S&P 500 Total Return (^SPXTR)
Prospectus Objective Specialty - Natural Resources
Fund Owner Firm Name Direxion Funds
Prospectus Benchmark Index
S&P Oil&Gas Explor&Pro Sel Indust TR USD -200.0%
Broad Asset Class Benchmark Index
^SPXTR 100.0%
Manager Tenure
Paul Brigandi 8.69 yrs
Tony Ng 8.35 yrs

Top Portfolio Holders

0 of 0