DRIP
Direxion Daily S&P Oil & Gas Exp. & Prod. Bear 2X Shares
DRIP provides 2x inverse daily exposure to an equal-weighted index of the largest oil and gas exploration and production companies in the US.
US
EQUITY
Rules-Based
MANAGEMENT STYLE
49.6 M
ASSETS UNDER MGMT
109 bp
EXPENSES
Fund Basics
| Fund sponsor | Rafferty Asset Management |
| Category | US |
| Asset class | Equity |
| Website | link... |
| Inception date | May 28, 2015 |
| Assets (mns) | $51 |
| Expense ratio | 109 bp |
Fund Structure
| Regulation | Open-Ended Fund |
| Distributions | Quarterly |
| Taxation | 1099 |
| Derivatives-based | Yes |
| Options available | Yes |
| Currency hedged | No |
| Fund of funds | No |
Asset Allocation
Historical Performance
Standardized Performance (as of 08/31/2025)
| YTD | 1 YR | 2 YR | 3 YR | 5 YR | 10 YR | 20 YR | Incep. | |
|---|---|---|---|---|---|---|---|---|
| Price Returns | -20.1% | -16.3% | -7.3% | -17.0% | -55.7% | -45.0% | -- | -41.5% |
| Dividend Yield | 1.3% | 2.6% | 3.9% | 3.0% | 0.9% | 0.7% | -- | 0.7% |
| Total Returns | -18.8% | -13.7% | -3.5% | -14.0% | -54.7% | -44.3% | -- | -40.7% | Ann. Volatility | 71.5% | 65.0% | 55.9% | 61.5% | 75.7% | 102.7% | -- | 103.4% |
Market Correlations
| versus... | Beta | R-squared |
| S&P 500 | -1.80 | 36% |
| MSCI EAFE | -1.15 | 17% |
| MSCI Emg Mkts | -0.46 | 3% |
Liquidity Measures
| Avg. volume (000) | 3,566 |
| ADV traded (mns) | $31 |
| Turnover | 61.9% |
| Avg. Bid/Ask (% of price) | 0.09% |
Technical Indicators
| Recent close | $8.62 |
| 30d moving avg. | $9.51 |
| Annualized volatility | 45.3% |
| Relative strength (RSI) | 46 |
| Short interest | 6.2% |
Distributions
Assets Under Management (mns)
Money Flows (mns)
Short Interest (as % of shares outstanding)
Long Money Flows (mns)
Expense Analysis
| Peer Group | Rules-Based US Equity ETFs |
| # of ETFs | 609 |
| Avg. Expense Ratio | 46.6 bp |
| Std. Deviation | 32.9 bp |
| DRIP (109 bp) Percentile rank | 97 |
Peer Group Expense Ratio Distribution
Total Cost of Ownership (TCO) Comparison
| Expense (bp) (A) |
Avg. Bid/Ask (bp) (B) |
TCO (bp) (A)+(B) |
|
|---|---|---|---|
| DRIP | 109.0 | 9.4 | 118.4 |
| Peer Avg. | 48.9 | 19.6 | 68.5 |
For a detailed cost analysis of this and any other ETF use the TCO Comparison Tool .