Key stats
About Direxion Daily Real Estate Bear 3X Shares
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Inception date
Jul 16, 2009
Structure
Open-Ended Fund
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
DRV provides 3x inverse leverage exposure to the Real Estate Select Sector Index. DRV has exposure to the large-cap segment of the US Real Estate Sector as defined by GICS. The index applies certain caps to aid diversification rules imposed on RICs. The capping constraints of the index are: no group entity exceeds 25% of index weight, and no group entities with weight above 5% can exceed 50% of the index weight. Due to the fund's daily rebalancing, long-term returns are difficult to predict due to path dependency and compounding. As a result, DRV should be treated as a short-term trading vehicle as opposed to a long-term investment. Prior to February 28, 2022, the fund was named Direxion Daily MSCI Real Estate Bear 3X Shares, and tracked the MSCI US IMI Real Estate 25/50 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