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Direxion Fallen Knives ETF (NIFE)

ETF · Currency in USD · Last updated May 17, 2022

NIFE is a passive ETF by Direxion tracking the investment results of the Indxx US Fallen Knives Index. NIFE launched on Jun 11, 2020 and has a 0.50% expense ratio.

ETF Info

  • ISINUS25460G7575
  • CUSIP25460G757
  • IssuerDirexion
  • Inception DateJun 11, 2020
  • RegionNorth America (U.S.)
  • CategorySmall Cap Blend Equities
  • Expense Ratio0.50%
  • Index TrackedIndxx US Fallen Knives Index
  • ETF Home Pagewww.direxion.com
  • Asset ClassEquity
  • Asset Class Size

    Multi-Cap
  • Asset Class Style

    Blend

Trading Data

  • Previous Close$42.68
  • Year Range$39.45 - $75.80
  • EMA (50)$48.27
  • EMA (200)$57.64
  • Average Volume$457.76

NIFEShare Price Chart


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NIFEPerformance

The chart shows the growth of $10,000 invested in Direxion Fallen Knives ETF on Jun 12, 2020 and compares it to the S&P 500 index or another benchmark. It would be worth nearly $10,172 for a total return of roughly 1.72%. All prices are adjusted for splits and dividends.


NIFE (Direxion Fallen Knives ETF)
Benchmark (^GSPC)

NIFEReturns in periods

Returns over 1 year are annualized

PeriodReturnBenchmark
1M-18.67%-8.76%
YTD-25.36%-15.91%
6M-35.63%-14.41%
1Y-41.80%-3.97%
5Y0.89%16.17%
10Y0.89%16.17%

NIFEMonthly Returns Heatmap


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NIFESharpe Ratio Chart

The Sharpe ratio shows whether the portfolio's excess returns are due to smart investment decisions or a result of taking a higher risk. The higher a portfolio's Sharpe ratio, the better its risk-adjusted performance.

The current Direxion Fallen Knives ETF Sharpe ratio is -1.28. A negative Sharpe ratio means that the risk-free rate is higher than the portfolio's return. This value does not convey any meaningful information.

The chart below displays rolling 12-month Sharpe Ratio.


NIFE (Direxion Fallen Knives ETF)
Benchmark (^GSPC)

NIFEDividend History

Direxion Fallen Knives ETF granted a 7.41% dividend yield in the last twelve months, as of May 17, 2022. The annual payout for that period amounted to $3.16 per share.


PeriodTTM20212020
Dividend$3.16$3.24$3.93

Dividend yield

7.41%5.66%6.33%

NIFEDrawdowns Chart

The Drawdowns chart displays portfolio losses from any high point along the way.


NIFE (Direxion Fallen Knives ETF)
Benchmark (^GSPC)

NIFEWorst Drawdowns

The table below shows the maximum drawdowns of the Direxion Fallen Knives ETF. A maximum drawdown is an indicator of risk. It shows a reduction in portfolio value from its maximum due to a series of losing trades.

The maximum drawdown since January 2010 for the Direxion Fallen Knives ETF is 47.95%, recorded on May 11, 2022. The portfolio has not recovered from it yet.


Depth

Start

To Bottom

Bottom

To Recover

End

Total

-47.95%Jun 9, 2021234May 11, 2022
-8.52%Aug 6, 202034Sep 23, 20208Oct 5, 202042
-8.25%Jan 15, 202110Jan 29, 20216Feb 8, 202116
-7.17%Mar 16, 20217Mar 24, 202116Apr 16, 202123
-5.6%Oct 26, 20203Oct 28, 20206Nov 5, 20209
-4.99%Feb 25, 20216Mar 4, 20215Mar 11, 202111
-4.7%May 10, 20213May 12, 202113Jun 1, 202116
-3.53%Nov 25, 20203Nov 30, 20203Dec 3, 20206
-3.2%Jul 21, 20209Jul 31, 20203Aug 5, 202012
-2.71%Oct 13, 20205Oct 19, 20204Oct 23, 20209

NIFEVolatility Chart

Current Direxion Fallen Knives ETF volatility is 76.44%. The chart below shows the rolling 10-day volatility. Volatility is a statistical measure showing how big price swings are in either direction. The higher asset volatility, the riskier it is, because the price movements are less predictable.


NIFE (Direxion Fallen Knives ETF)
Benchmark (^GSPC)

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