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Direxion S&P 500 High minus Low Quality ETF

QMJ
ETF · Currency in USD
ISIN
US25460G4010
Issuer
Direxion
Inception Date
Feb 5, 2020
Region
North America (U.S.)
Category
Long-Short
Expense Ratio
0.37%
Index Tracked
S&P 500 150/50 Quality 0.30% Decrement Index
ETF Home Page
www.direxion.com
Asset Class
Equity

Asset Class Size

Large-Cap

Asset Class Style

Growth

QMJPrice Chart


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QMJPerformance

The chart shows the growth of $10,000 invested in Direxion S&P 500 High minus Low Quality ETF on Feb 6, 2020 and compares it to the S&P 500 index or another benchmark. It would be worth nearly $13,487 for a total return of roughly 34.87%. All prices are adjusted for splits and dividends.


QMJ (Direxion S&P 500 High minus Low Quality ETF)
Benchmark (S&P 500)

QMJReturns in periods

Returns over 1 year are annualized

PeriodReturn
1M-3.43%
6M16.11%
YTD18.23%
1Y29.15%
5Y19.97%
10Y19.97%

QMJMonthly Returns Heatmap


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QMJSharpe 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 S&P 500 High minus Low Quality ETF Sharpe ratio is 1.94. A Sharpe ratio greater than 1.0 is considered acceptable.

The chart below displays rolling 12-month Sharpe Ratio.


QMJ (Direxion S&P 500 High minus Low Quality ETF)
Benchmark (S&P 500)

QMJDividends


Direxion S&P 500 High minus Low Quality ETF doesn't pay dividends

QMJDrawdowns Chart

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


QMJ (Direxion S&P 500 High minus Low Quality ETF)
Benchmark (S&P 500)

QMJWorst Drawdowns

The table below shows the maximum drawdowns of the Direxion S&P 500 High minus Low Quality 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 S&P 500 High minus Low Quality ETF is 27.23%, recorded on Mar 23, 2020. It took 52 trading sessions for the portfolio to recover.


Depth

Start

To Bottom

Bottom

To Recover

End

Total

-27.23%Feb 7, 202031Mar 23, 202052Jun 5, 202083
-9.52%Sep 3, 202041Oct 30, 202024Dec 4, 202065
-6.38%Jun 8, 202015Jun 26, 202012Jul 15, 202027
-5.65%Mar 2, 202117Mar 24, 202115Apr 15, 202132
-4.55%Apr 19, 202118May 12, 20218May 24, 202126
-3.84%Aug 17, 202123Sep 17, 2021
-2.75%Jan 27, 20213Jan 29, 20217Feb 9, 202110
-2.33%Jul 23, 20203Jul 27, 20207Aug 5, 202010
-1.98%Feb 18, 20217Feb 26, 20211Mar 1, 20218
-1.85%Jul 16, 20212Jul 19, 20212Jul 21, 20214

QMJVolatility Chart

Current Direxion S&P 500 High minus Low Quality ETF volatility is 8.37%. 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.


QMJ (Direxion S&P 500 High minus Low Quality ETF)
Benchmark (S&P 500)

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