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LABD Direxion Daily S&P Biotech Bear 3X ETF

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Fund LABD Direxion Daily S&P Biotech Bear 3X ETF HAKD Direxion Daily Cyber Sec&IT Bear 2X ETF EMSA iPath® Short Enh MSCI Emerg Mkts ETN  
Similarity
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100% 96% 88%
Annual Fees
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$86.83
(0.96% Exp. Ratio)
$73.26
(0.81% Exp. Ratio)
$72.36
(0.80% Exp. Ratio)
Future Est. Balance in 30 yrs
Assuming -9.55% annual return
$368.45 $385.56 $386.73
Est. savings over 30 yrs +$17.11 +$18.28
Return
As of 10/31/16
1 YR RETURN -33.06%
3 YR --
5 YR --
10 YR --
1 YR RETURN -19.33%
3 YR --
5 YR --
10 YR --
1 YR RETURN -22.01%
3 YR -1.41%
5 YR -6.85%
10 YR --
Description
The investment seeks daily investment results, before fees and expenses, of 300% of the inverse of the performance of the S&P Biotechnology Select Industry Index. The fund, under normal circumstances, creates short positions by investing at least 80% of its assets in: swap agreements; futures contracts; options; reverse repurchase agreements; exchange-traded funds ("ETFs"); and other financial instruments that, in combination, provide inverse leveraged and unleveraged exposure to the S&P Biotechnology Select Industry Index. The index includes domestic companies from the biotechnology industry. The fund is non-diversified.
The investment seeks daily investment results of 200% of the inverse of the performance of the ISE Cyber Security Index. The fund creates short positions by investing at least 80% of its assets in: swap agreements; futures contracts; options; reverse repurchase agreements; exchange-traded funds; and other financial instruments that, in combination, provide inverse leveraged and unleveraged exposure to the index. The index is comprised of domestic and foreign companies that are cyber security infrastructure providers or that provide cyber security services, and for whom cyber security is a key driver of the company's business. It is non-diversified.
The iPath® Short Enhanced MSCI Emerging Markets Index ETN is designed to provide investors with leveraged return on the inverse performance of the MSCI Emerging Markets Net Total Return Index. The MSCI Emerging Markets Net Total Return Index is a free float-adjusted market capitalization Index that is designed to offer a representation of equity market performance of emerging markets.

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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.

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