Key stats
About Direxion Daily S&P Oil & Gas Exp. & Prod. Bear 2X Shares
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Inception date
May 28, 2015
Structure
Open-Ended Fund
Replication method
Synthetic
Dividend treatment
Distributes
Distribution tax treatment
Ordinary income
Income tax type
Capital Gains
Max ST capital gains rate
39.60%
Max LT capital gains rate
20.00%
Primary advisor
Rafferty Asset Management LLC
Distributor
Foreside Fund Services LLC
DRIP seeks to deliver -200% of the daily performance of the S&P Oil & Gas Exploration & Production Select Industry Index. Unlike State Streets XOPan unlevered fund tracking the same indexDRIP uses over-the-counter derivatives to achieve its objective. As with all levered and inverse funds, DRIP should not be expected to deliver 2 times the performance of its index for periods longer than one day. Compounding and path-dependency can cause significant deviations over longer time frames, so it's best used for single-day tactical plays. It's worth noting that DRIP's index is equal weighted, market-cap weighting would require extreme concentration in a handful of major firms. As a result, DRIP exhibits a serious small-cap tilt and the elevated market risk that comes with it. DRIP's leverage factor only amplifies the potential for volatility. Trading costs should be taken into consideration. Prior to March 31, 2020, the fund provided -300% exposure to the same index.
Classification
Returns
| 1 month | 3 months | Year to date | 1 year | 3 years | 5 years | |
|---|---|---|---|---|---|---|
| Price performance | — | — | — | — | — | — |
| NAV total return | — | — | — | — | — | — |
What's in the fund
Exposure type
Cash
Bonds, Cash & Other100.00%
Cash100.00%
Top 10 holdings
Dividends
Dividend payout history
Assets under management (AUM)
Fund Flows
Frequently Asked Questions
DRIP last dividends amounted to 0.11 USD. The quarter before, the issuer paid 0.03 USD in dividends, which shows a 69.55% increase.
DRIP assets under management is 41.68 M USD. It's risen 10.81% over the last month.
DRIP fund flows account for −31.04 M USD (1 year). Many traders use this metric to get insight into investors' sentiment and evaluate whether it's time to buy or sell the fund.
Yes, DRIP pays dividends to its holders with the dividend yield of 3.72%. The last dividend (Apr 1, 2025) amounted to 0.11 USD. The dividends are paid quarterly.
DRIP shares are issued by Rafferty Asset Management LLC under the brand Direxion. The ETF was launched on May 28, 2015, and its management style is Passive.
DRIP expense ratio is 1.04% meaning you'd have to pay 1.04% of your investment to help manage the fund.
DRIP follows the S&P Oil & Gas Exploration & Production Select Industry. ETFs usually track some benchmark seeking to replicate its performance and guide asset selection and objectives.
DRIP invests in cash.
DRIP price has fallen by −12.30% over the last month, and its yearly performance shows a 15.97% increase. See more dynamics on DRIP price chart.
NAV returns, another gauge of an ETF dynamics, have risen by −14.12% over the last month, have fallen by −14.12% over the last month, showed a −11.04% decrease in three-month performance and has increased by 25.00% in a year.
NAV returns, another gauge of an ETF dynamics, have risen by −14.12% over the last month, have fallen by −14.12% over the last month, showed a −11.04% decrease in three-month performance and has increased by 25.00% in a year.
DRIP trades at a premium (0.08%) meaning the ETF is trading at a higher price than the calculated NAV.