Investment Test Drive

DXNSX Direxion Monthly NASDAQ-100® Br 1.25X

2 lower fee alternatives found

FeeX scanned the market for similar funds with lower fees and better past returns
Show results with
Investing
$
  YOU ASKED ABOUT FEATURED ALTERNATIVE ? ALTERNATIVE
Fund DXNSX Direxion Monthly NASDAQ-100® Br 1.25X MELT Direxion Dly Gold Miners Bear 1X ETF SOP ProShares UltraShrt Oil&Gas Explor&Prdtn  
Similarity
?
100% 86% 89%
Annual Fees
?
$103.81
(1.15% Exp. Ratio)
$42.43
(0.47% Exp. Ratio)
$85.75
(0.95% Exp. Ratio)
Future Est. Balance in 30 yrs
Assuming -9.73% annual return
$327.62 $402.43 $348.10
Est. savings over 30 yrs +$74.81 +$20.48
Return
As of 11/30/16
1 YR RETURN --
3 YR --
5 YR --
10 YR --
1 YR RETURN --
3 YR --
5 YR --
10 YR --
1 YR RETURN -58.90%
3 YR --
5 YR --
10 YR --
Description
The investment seeks monthly investment results, before fees and expenses, of 125% of the inverse (or opposite) of the calendar month performance of the NASDAQ 100 Index. The fund, under normal circumstances, creates short positions by investing at least 80% of its assets in: swap agreements, futures contracts, short positions, ETFs, or other financial instruments that, in combination, provide leveraged and unleveraged exposure to the NASDAQ 100 Index. The index is a capitalization-weighted index composed of 100 of the largest non-financial domestic and international companies listed on the Global Market tier of the NASDAQ Global Market. It is non-diversified.
The investment seeks 100% of the inverse of the performance of the NYSE Arca Gold Miners Index. The fund normally creates short positions by investing at least 80% of its assets in: swap agreements; futures contracts; options; reverse repurchase agreements; ETFs; and other financial instruments that, in combination, provide inverse exposure to the index. The index is a modified market capitalization weighted index comprised of publicly traded companies that operate globally in both developed and emerging markets, and are involved primarily in the mining for gold and, to a lesser extent, are also involved in mining for silver. It is non-diversified.
The investment seeks daily investment results, before fees and expenses, that correspond to two times the inverse (-2x) of the daily performance of the S&P Oil & Gas Exploration & Production Select Industry Index (the "index"). The fund invests in derivatives that the advisor believes, in combination, should have similar daily return characteristics as two times the inverse (-2x) of the daily return of the index. The index is equally weighted (as adjusted for diversification and liquidity) and includes domestic companies from the oil and gas exploration and production sub-industry. The fund is non-diversified.

Join FeeX to view all alternatives, get more data and filtering options, and be able to automatically scan all your investments for lower fee replacements.

It's free!

The fees, balance and savings information above are estimated numbers, based on the data FeeX had at the day of publication, but may not be accurate due to incomplete or erroneous data.

The best choice is based on a combined analysis of lowest fees and highest similarity to the original fund.

Similarity

FeeX's similarity algorithm analyzes over 15 investment characteristics like investment category, asset allocation, strategy, geographical allocation and more. FeeX gives each its own weight and calculates the similarity of any two investments based on a scale of 0 to 100%. Funds with a similarity ranking of 85% and higher are considered "similar".

Yes, funds and ETFs charge fees

Deep within every fund you own lies a hidden fee called expense ratio. It takes away a set % of your savings each and every year. It can often be easily reduced by switching to similar investments with lower expense ratios.

+

Your Feedback has been sent successfully!