Direxion Daily S&P Oil & Gas Exploration & Production Bear 2x Shares (DRIP)
DRIP is a passive ETF by Direxion tracking the investment results of the S&P Oil & Gas Exploration & Production Select Industry Index (-300%). DRIP launched on Apr 1, 2020 and has a 1.07% expense ratio.
ETF Info
| ISIN | US25460E1745 |
|---|---|
| CUSIP | 25460E174 |
| Issuer | Direxion |
| Inception Date | Apr 1, 2020 |
| Region | North America (U.S.) |
| Category | Leveraged Equities, Leveraged |
| Leveraged | 3x |
| Index Tracked | S&P Oil & Gas Exploration & Production Select Industry Index (-300%) |
| Home Page | www.direxion.com |
| Asset Class | Equity |
Asset Class Size | Multi-Cap |
Asset Class Style | Blend |
Expense Ratio
The Direxion Daily S&P Oil & Gas Exploration & Production Bear 2x Shares has a high expense ratio of 1.07%, indicating higher-than-average management fees.
Share Price Chart
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Performance
Performance Chart
The chart shows the growth of an initial investment of $10,000 in Direxion Daily S&P Oil & Gas Exploration & Production Bear 2x Shares, comparing it to the performance of the S&P 500 index or another benchmark. All prices have been adjusted for splits and dividends.
Returns By Period
Direxion Daily S&P Oil & Gas Exploration & Production Bear 2x Shares had a return of -23.12% year-to-date (YTD) and -40.80% in the last 12 months.
| Period | Return | Benchmark |
|---|---|---|
| Year-To-Date | -23.12% | 6.33% |
| 1 month | -4.38% | -2.81% |
| 6 months | -13.73% | 21.13% |
| 1 year | -40.80% | 24.56% |
| 5 years (annualized) | -52.44% | 11.55% |
| 10 years (annualized) | N/A | 10.55% |
Monthly Returns Heatmap
| Jan | Feb | Mar | Apr | May | Jun | Jul | Aug | Sep | Oct | Nov | Dec | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 2024 | 5.94% | -9.95% | -18.47% | |||||||||
| 2023 | 0.05% | 2.79% | 10.55% | -0.36% |
Risk-Adjusted Performance
Risk-Adjusted Performance Rank
Direxion Daily S&P Oil & Gas Exploration & Production Bear 2x Shares(DRIP)
Risk-Adjusted Performance Indicators
The charts below present risk-adjusted performance metrics for Direxion Daily S&P Oil & Gas Exploration & Production Bear 2x Shares (DRIP) and compare them to a chosen benchmark (^GSPC). These indicators evaluate an investment's returns against its associated risks.
Dividends
Dividend History
Direxion Daily S&P Oil & Gas Exploration & Production Bear 2x Shares granted a 5.65% dividend yield in the last twelve months. The annual payout for that period amounted to $0.48 per share.
| Period | TTM | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 |
|---|---|---|---|---|---|---|---|
| Dividend | $0.48 | $0.57 | $0.00 | $0.00 | $0.03 | $4.46 | $4.26 |
Dividend yield | 5.65% | 5.09% | 0.00% | 0.00% | 0.01% | 0.96% | 0.58% |
Monthly Dividends
The table displays the monthly dividend distributions for Direxion Daily S&P Oil & Gas Exploration & Production Bear 2x Shares. The dividends shown in the table have been adjusted to account for any splits that may have occurred.
| Jan | Feb | Mar | Apr | May | Jun | Jul | Aug | Sep | Oct | Nov | Dec | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 2024 | $0.00 | $0.00 | $0.18 | |||||||||
| 2023 | $0.00 | $0.00 | $0.27 | $0.00 | $0.00 | $0.12 | $0.00 | $0.00 | $0.09 | $0.00 | $0.00 | $0.09 |
| 2022 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 |
| 2021 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 |
| 2020 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.03 |
| 2019 | $0.00 | $0.00 | $1.50 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $2.69 | $0.00 | $0.00 | $0.27 |
| 2018 | $0.77 | $0.00 | $0.00 | $0.31 | $0.00 | $0.00 | $0.67 | $0.00 | $0.00 | $2.51 |
Drawdowns
Drawdowns Chart
The Drawdowns chart displays portfolio losses from any high point along the way.
Worst Drawdowns
The table below displays the maximum drawdowns of the Direxion Daily S&P Oil & Gas Exploration & Production Bear 2x Shares. A maximum drawdown is a measure of risk, indicating the largest reduction in portfolio value due to a series of losing trades.
The maximum drawdown for the Direxion Daily S&P Oil & Gas Exploration & Production Bear 2x Shares was 99.90%, occurring on Apr 5, 2024. The portfolio has not yet recovered.
The current Direxion Daily S&P Oil & Gas Exploration & Production Bear 2x Shares drawdown is 99.89%.
Depth | Start | To Bottom | Bottom | To Recover | End | Total |
|---|---|---|---|---|---|---|
| -99.9% | Jan 21, 2016 | 2066 | Apr 5, 2024 | — | — | — |
| -56.55% | Aug 26, 2015 | 31 | Oct 8, 2015 | 62 | Jan 7, 2016 | 93 |
| -29.3% | Aug 6, 2015 | 5 | Aug 12, 2015 | 7 | Aug 21, 2015 | 12 |
| -18.77% | Jul 28, 2015 | 2 | Jul 29, 2015 | 3 | Aug 3, 2015 | 5 |
| -15.71% | Jul 9, 2015 | 4 | Jul 14, 2015 | 3 | Jul 17, 2015 | 7 |
Volatility
Volatility Chart
The current Direxion Daily S&P Oil & Gas Exploration & Production Bear 2x Shares volatility is 8.68%, representing the average percentage change in the investments's value, either up or down over the past month. The chart below shows the rolling one-month volatility.