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Direxion Dly S&P Oil & Gas E&P Bear 3X ETF (DRIP) - ETF





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Volume(000's)


Charts and data are derived from prices adjusted for both splits and distributions to emphasize total return.

ETF Symbol:
Price15
Volume811k
Avg Vol935k
RSf2.0
$Vol(21d)18m
52 wk High28.73
52 wk Low10.28
Inception:May 2015
(as of 2017-11-17)
Total Returns:
1 day-6.1%
5 day12.1%
1 month-18.7%
3 month-47.2%
6 month-18.0%
9 month5.3%
1 year-22.4%
 
Compare Funds:
Correlated Group: Energy (View cGroup) (All Groups)




 

Correlated Funds

Most Directly Correlated
Proshares UltraShort Oil & GasDUG0.91  
Direxion Energy Bear 3X SharesERY0.89  
ProShares UltraShort DJ-AIG Crude OilSCO0.69  
VelocityShares 3x Inverse Crude Oil ETNDWT0.68  
Direxion Daily Russia Bear 3x Shares ETFRUSS0.48  
Proshares Short Russell 2000RWM0.37  
ProShares UltraPro Short Russell2000SRTY0.36  
Direxion Small Cap Bear 3X SharesTZA0.36  
Proshares UltraShort Russell2000TWM0.35  
ProShares Short High Yield SJB0.30  
Least Correlated
iShares FTSE NAREIT Residential Index Fund REZ0.00  
PowerShares Dyn SemiconductorPSI0.00  
iShares Floating Rate Note ETFFLOT0.00  
Proshares Ultra SemiconductorsUSD-0.00  
iShares US Health ProviderIHF-0.00  
iShares MSCI Netherlands Index FundEWN-0.00  
PowerShares Dyn Large Cap GrowthPWB-0.00  
iShares US AerospaceITA-0.00  
Guggenheim Ultra Short BondGSY-0.01  
iShares MSCI EAFE Min Volatility Index Fund ETEFAV-0.01  
Most Inversely Correlated
Fidelity MSCI Energy FENY-0.92  
Vanguard Energy VIPERsVDE-0.92  
iShares S&P Natural Resources Index FundIGE-0.92  
First Trust Energy AlphaDEX FundFXN-0.95  
Guggenheim S&P Equal Weight Energy ETFRYE-0.96  
iShares US Oil & Gas Expl & ProdIEO-0.97  
First Trust ISE-Revere Natural Gas Index FundFCG-0.98  
Direxion Daily Nat Gas Related Bull 2x SharesGASL-0.98  
Direxion Dly S&P Oil & Gas E&P Bull 3X ETFGUSH-1.00  
SPDR Oil & Gas Expl & ProdXOP-1.00  
These 126 day (6 month) correlations can be considered short term, focusing on recent price movements.
Correlations are only calculated for actively traded funds. As of: 2017-11-17.
 


Exchange-traded funds are similar to index funds that trade like a single stock. Until the advent of the ETF, it was impossible to trade indexes this easily through an equity account. Most ETFs are relatively static in make-up, like the SPY or QQQQ index funds. Others, like some of the PowerShares funds, are dynamic and the holdings are changed routinely. ETFs have risks similar to stocks in that their value can rise or fall at the discretion of the marketplace. Some ETFs, like international funds and narrowly based indexes, have special risks that the investor should be aware of. However, used properly ETFs can provide an efficient and effective investment vehicle for achieving results that were near impossible for the typical investor to achieve prior to their development.








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