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Key Stats

Net Expense Ratio Discount or Premium to NAV Total Assets Under Management 30-Day Average Daily Volume
1.10% -0.10% 24.25M 97981.37
Dividend Yield Turnover Ratio 1 Year Fund Level Flows Max Drawdown (Since Inception)
4.40% 0.00% -5.582M Upgrade

Basic Info

Investment Strategy
The investment seeks daily investment results, before fees and expenses, of 300% of the inverse of the daily performance of the MSCI Emerging Markets IndexSM. The fund invests at least 80% of the fund’s net assets in financial instruments, that, in combination, provide 3X daily inverse (opposite) or short exposure to the index or to ETFs that track the index, consistent with the fund’s investment objective. The index is a free float-adjusted market capitalization weighted index that is designed to represent the performance of large- and mid-capitalization securities across 24 emerging market countries. The fund 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 Diversified Emerging Markets
Fund Owner Firm Name Direxion Funds
Prospectus Benchmark Index
MSCI EM GR USD -300.0%
Broad Asset Class Benchmark Index
^SPXTR 100.0%
Manager Tenure
Paul Brigandi 15.30 yrs
Tony Ng 8.51 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)
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Total Return (NAV)
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Category Rtn. (NAV)
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% Rank in Cat (NAV)
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As of April 17, 2024. Returns for periods of 1 year and above are annualized.

Annual Total Returns Versus Peers

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Name
2017
2018
2019
2020
2021
2022
2023
YTD
-64.12%
32.88%
-43.02%
-68.78%
-8.69%
49.27%
-20.25%
7.25%
21.83%
-4.38%
31.49%
18.40%
28.71%
-18.11%
26.29%
5.73%
-49.03%
24.07%
-30.88%
-48.93%
-4.99%
37.04%
-13.12%
5.01%
-28.08%
14.61%
-15.27%
-24.37%
-1.32%
20.68%
-3.92%
3.34%
138.6%
-49.88%
43.94%
6.13%
-20.81%
-60.25%
7.43%
-9.46%
82.41%
-33.84%
31.89%
18.91%
-10.93%
-43.07%
7.10%
-5.41%
As of April 17, 2024.

Asset Allocation

As of April 14, 2024.
Type % Net % Long % Short
Cash 102.1% Upgrade Upgrade
Stock -2.09% Upgrade Upgrade
Bond 0.00% Upgrade Upgrade
Convertible 0.00% Upgrade Upgrade
Preferred 0.00% Upgrade Upgrade
Other 0.00% Upgrade Upgrade

Basic Info

Investment Strategy
The investment seeks daily investment results, before fees and expenses, of 300% of the inverse of the daily performance of the MSCI Emerging Markets IndexSM. The fund invests at least 80% of the fund’s net assets in financial instruments, that, in combination, provide 3X daily inverse (opposite) or short exposure to the index or to ETFs that track the index, consistent with the fund’s investment objective. The index is a free float-adjusted market capitalization weighted index that is designed to represent the performance of large- and mid-capitalization securities across 24 emerging market countries. The fund 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 Diversified Emerging Markets
Fund Owner Firm Name Direxion Funds
Prospectus Benchmark Index
MSCI EM GR USD -300.0%
Broad Asset Class Benchmark Index
^SPXTR 100.0%
Manager Tenure
Paul Brigandi 15.30 yrs
Tony Ng 8.51 yrs

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