Direxion Daily S&P 500 Equal Weight Bull 2X Shares ETF is an exchange traded fund incorporated in the USA. The Fund seeks daily investment results, before fees and expenses, of 200% of the daily performance of the S&P 500 Equal Weight Index. The Fund does not seek to achieve its stated investment objective for a period of time different from a trading day.
FAQs
What is Direxion Daily S&P 500 Equal Weight Bull 2X shares? ›
Direxion Daily S&P 500 Equal Weight Bull 2X Shares ETF is an exchange traded fund incorporated in the USA. The Fund seeks daily investment results, before fees and expenses, of 200% of the daily performance of the S&P 500 Equal Weight Index.
What does index Bull 2X shares mean? ›The Direxion Daily Gold Miners Index Bull 2X Shares (NUGT) is a leveraged ETF. The fund seeks returns for short-term trades of a single day and is best suited for active, experienced investors who understand leverage risk and volatility.
What is the 2X leverage of the SP 500? ›The S&P 500 2x Leveraged Daily Index aims to reflect the performance of the following market: 2x Long Leveraged exposure to the 500 Largest companies listed in the USA. Covers approximately 80% of free-float market capitalisation. Weighted by free-float adjusted market capitalisation.
What is the return of S&P 500 equal weight ETF? ›ETF Overview
| Category | Large Blend |
|---|---|
| Fund Family | Invesco |
| Net Assets | 61.16B |
| YTD Daily Total Return | 11.81% |
| Yield | 1.47% |
Leveraged 2X ETFs are funds that track a wide variety of asset classes, such as stocks, bonds or commodity futures, and apply leverage in order to gain two times the daily or monthly return of the underlying index.
Which is better 3X or 2X leveraged ETF? ›Daily Leveraged ETFs aim to amplify the daily returns of an underlying asset, typically by a factor of 2X or 3X. In other words, if the asset increases by 1% on a given day, a 2X Leveraged ETF seeks to deliver a 2% return – and a 3X Leveraged ETF aims for a 3% return – before fees and expenses, in a single trading day.
What does 2x shares mean? ›A 2x leveraged ETF is designed to move twice as much as the amount the underlying asset or sector moves. A 3x leveraged ETF is created to move three times as much as the underlying asset or sector.
Is there a 3x leveraged gold ETF? ›About MicroSectors™ Gold 3X Leveraged ETN
The investment seeks return on the notes is linked to a three times leveraged participation in the daily performance of the SPDR® Gold Shares (the “ETF”), which is an exchange traded fund that invests in gold bullion.
ProShares UltraPro QQQ (TQQQ)
With roughly $17 billion in total net assets, TQQQ is the cheapest fund on our list. It also offers excellent liquidity. TQQQ had an average daily trade volume of 111 million shares over the past 12 months, easily the highest trading volume in the leveraged ETF group.
Bottom Line on Leveraged ETFs
Leveraged ETFs decay due to the compounding effect of daily returns, volatility of the market and the cost of leverage. The volatility drag of leveraged ETFs means that losses in the ETF can be magnified over time and they are not suitable for long-term investments.
What does 2x daily leveraged mean? ›
A 2x leveraged ETF is an exchange-traded fund that aims to double the performance of a specific index, asset, or single stock – based on the daily percentage change of that underlying asset. This means that if the asset increases by 1%, the ETF will increase by 2%.
Is there a triple leveraged S&P 500 ETF? ›An ETF that is leveraged 3x seeks to return three times the return of the index or other benchmark that it tracks. A 3x S&P 500 index ETF, for instance, would return +3% if the S&P rose by 1%.
What is the best equal weight S&P 500 ETF? ›Equal-Weighted ETFs can be found in the following asset classes: EquityFixed IncomeCurrencyAlternativesAsset AllocationThe largest Equal-Weighted ETF is the Invesco S&P 500 Equal Weight ETF RSP with $57.60B in assets. In the last trailing year, the best-performing Equal-Weighted ETF was FNGU at 57.27%.
Are equal weight ETFs worth it? ›Although capitalization-weighted index funds are the industry standard, there are several advantages to equal-weighted index funds that make them worth a close look for adding to your portfolio. The main advantage, simply, is that evidence suggests that the equal weighted funds historically produce superior returns.
What is the difference between the S&P 500 and the equal weight S&P 500? ›The market cap weighted S&P 500 Index (the traditional version) is not rebalanced and has higher concentrations to larger, growth companies, while the equal weight index has more exposure to smaller and value-oriented companies.
What is Direxion Daily Energy Bull 2x? ›The Direxion Daily Energy Bull and Bear 2X Shares seeks daily investment results, before fees and expenses, of 200%, or 200% of the inverse (or opposite), of the performance of the Energy Select Sector Index.
What does bull 3x shares mean? ›As you may have guessed, a 3x ETF will give the investor three times the performance of the index it tracks. This means that if the index gains 1 point, the 3x ETF holder will gain 3 points. Naturally, the same applies for a loss. If the index loses 1 point, then the 3x ETF holder incurs a 3x loss.
What is the sp500 equal weight fund? ›The Invesco S&P 500® Equal Weight ETF (Fund) is based on the S&P 500® Equal Weight Index (Index). The Fund will invest at least 90% of its total assets in securities that comprise the Index. The Index equally weights the stocks in the S&P 500® Index. The Fund and the Index are rebalanced quarterly.
