Direxion S&P 500 Volatility Response SharesFind Ratings Reports
- Last Ratings Update:06/30/2016
- Price as of 06/30/2016 :$54.17
- Net Assets:$38.6 Million
- Peer Rank:57 of 118
- Investment Rating:C
We rate Direxion S&P 500 Vol Response Shs at C. Positive factors that influence this rating include a greater than above average total return and low expense structure. The fund may be considered for investors seeking a Growth & Income strategy.
POSITIVES AND RISKS
Total return ranks above peers over the last three years. The Direxion S&P 500 Vol Response Shs has returned an annual rate of 8.76% since inception. More recently, the fund has generated a total return of 5.26% in the last three years, -7.22% in the last year, and -0.58% in the last six months. How does that compare to other equity funds? In the last three years, it has outperformed 50% of them. It has also outpaced 30% of its competitors on a one year basis for the period ending 6/30/2016. On a year to date basis, VSPY has returned -0.58%.
Downside risk has been below average. VSPY has a draw down risk of -13.32%, which is the largest price decline experienced over the last three years. This fund has a three year standard deviation of 10.2%. This fund has had a low level of volatility in its monthly performance over the last 36 months. As of 6/30/2016, the fund was trading at a price of $54.17, which is 10.4% below its 52-week high of $60.47 and 6.7% above its 52-week low of $50.79.
Low expense ratio helps performance. As VSPY is an exchange traded fund, it has no front end or back end load.
The Direxion S&P 500 Vol Response Shs is managed by Paul Brigandi at Rafferty Asset Management LLC. This fund is one of 74 Rafferty Asset Management LLC exchange-traded funds launched since 11/5/2008 that we track.