HCMT
Direxion HCM Tactical Enhanced US ETF
HCMT is an actively managed fund-of-funds that toggles between a 200% leveraged US equity position and a 100% investment to cash or cash equivalents based on a proprietary tactical indicator that identifies broad trends in the US equity markets.
Asset Allocation
MULTI
Active
MANAGEMENT STYLE
412.5 M
ASSETS UNDER MGMT
115 bp
EXPENSES
Fund Basics
| Fund sponsor | Direxion |
| Category | Asset Allocation |
| Asset class | Multi |
| Website | link... |
| Inception date | Jun 22, 2023 |
| Assets (mns) | $545 |
| Expense ratio | 115 bp |
Fund Structure
| Regulation | |
| Distributions | |
| Taxation | 1099 |
| Derivatives-based | No |
| Options available | No |
| Currency hedged | No |
| Fund of funds | No |
Asset Allocation
Historical Performance
Standardized Performance (as of 04/30/2025)
| YTD | 1 YR | 2 YR | 3 YR | 5 YR | 10 YR | 20 YR | Incep. | |
|---|---|---|---|---|---|---|---|---|
| Price Returns | -26.3% | -5.5% | -- | -- | -- | -- | -- | 2.5% |
| Dividend Yield | 0.0% | 0.4% | -- | -- | -- | -- | -- | 0.7% |
| Total Returns | -26.3% | -5.2% | -- | -- | -- | -- | -- | 3.2% | Ann. Volatility | 42.0% | 35.2% | -- | -- | -- | -- | -- | 30.8% |
Market Correlations
| versus... | Beta | R-squared |
| S&P 500 | 2.21 | 87% |
| MSCI EAFE | 0.95 | 17% |
| MSCI Emg Mkts | 0.98 | 9% |
Liquidity Measures
| Avg. volume (000) | 129 |
| ADV traded (mns) | $4 |
| Turnover | 0.9% |
| Avg. Bid/Ask (% of price) | 0.18% |
Technical Indicators
| Recent close | $28.25 |
| 30d moving avg. | $26.78 |
| Annualized volatility | 28.5% |
| Relative strength (RSI) | 51 |
| Short interest | 0.1% |
Distributions
Assets Under Management (mns)
Money Flows (mns)
Short Interest (as % of shares outstanding)
Long Money Flows (mns)
Expense Analysis
| Peer Group | Active Asset Allocation Multi ETFs |
| # of ETFs | 68 |
| Avg. Expense Ratio | 87.7 bp |
| Std. Deviation | 54.3 bp |
| HCMT (115 bp) Percentile rank | 72 |
Peer Group Expense Ratio Distribution
Total Cost of Ownership (TCO) Comparison
| Expense (bp) (A) |
Avg. Bid/Ask (bp) (B) |
TCO (bp) (A)+(B) |
|
|---|---|---|---|
| HCMT | 115.0 | 18.3 | 133.3 |
| Peer Avg. | 86.3 | 72.7 | 159.0 |
For a detailed cost analysis of this and any other ETF use the TCO Comparison Tool .