WFH
Direxion Work From Home ETF
WFH tracks an equally-weighted index of global firms that provides work from home capabilities. Stocks are selected using proprietary natural language processing algorithm.
US
EQUITY
Rules-Based
MANAGEMENT STYLE
25.8 M
ASSETS UNDER MGMT
45 bp
EXPENSES
Fund Basics
| Fund sponsor | Rafferty Asset Management |
| Category | US |
| Asset class | Equity |
| Website | link... |
| Inception date | Jun 25, 2020 |
| Assets (mns) | $26 |
| Expense ratio | 45 bp |
| Currency | USD |
Sector Breakdown
Fund Structure
| Regulation | Open-Ended Fund |
| Distributions | Annually |
| Taxation | 1099 |
| Stock selection | Proprietary |
| Weighting | Equal |
| Holdings Transparency | Full |
| Derivatives-based | No |
| Options available | Yes |
| Currency hedged | No |
| Fund of funds | No |
Top 10 Holdings
| CLOUDFLARE INC CLASS A | 6.2 % |
| BROADCOM INC. | 4.9 % |
| YY INC-ADR | 4.1 % |
| ZSCALER, INC. | 3.9 % |
| CYBERARK SOFTWARE LTD. | 3.8 % |
| ORACLE CORP | 3.7 % |
| CROWDSTRIKE HOLDINGS, INC. CLASS A | 3.6 % |
| ATLASSIAN CORP. CLASS A | 3.5 % |
| ALPHABET INC. CLASS A | 3.4 % |
| META PLATFORMS INC | 3.3 % |
Constituent Breakdown
| Number of holdings | 40 |
| Herfindahl-Hirschman Index | 346 |
| Wgt avg mkt cap (mns) | $455,730 |
| Large cap (>$10bn) | 71.0% |
| Mid cap ($2-10bn) | 11.1% |
| Small cap (<$2bn) | 12.4% |
| Developed mkts. | 91.9% |
| Emerging mkts. | 6.0% |
Country Exposure
 |
UNITED STATES | 93.9 % |
 |
CHINA | 7.2 % |
 |
ISRAEL | 3.8 % |
 |
AUSTRALIA | 3.5 % |
Historical Performance
Standardized Performance (as of 10/31/2025)
| YTD | 1 YR | 2 YR | 3 YR | 5 YR | 10 YR | 20 YR | Incep. | |
|---|---|---|---|---|---|---|---|---|
| Price Returns | 14.3% | 24.6% | 27.6% | 18.8% | 6.4% | -- | -- | 7.2% |
| Dividend Yield | 0.3% | 0.3% | 0.9% | 0.7% | 0.7% | -- | -- | 0.7% |
| Total Returns | 14.6% | 24.9% | 28.5% | 19.4% | 7.2% | -- | -- | 7.9% | Ann. Volatility | 28.9% | 28.1% | 23.8% | 25.2% | 27.1% | -- | -- | 27.0% |
Market Correlations
| versus... | Beta | R-squared |
| S&P 500 | 1.17 | 51% |
| MSCI EAFE | 0.28 | 4% |
| MSCI Emg Mkts | 0.23 | 3% |
Liquidity Measures
| Avg. volume (000) | 3 |
| ADV traded (mns) | $0 |
| Turnover | 0.9% |
| Avg. Bid/Ask (% of price) | 0.38% |
Technical Indicators
| Recent close | $73.48 |
| 30d moving avg. | $72.44 |
| Annualized volatility | 21.3% |
| Relative strength (RSI) | 57 |
| Short interest | 1.3% |
Distributions
Assets Under Management (mns)
Money Flows (mns)
Short Interest (as % of shares outstanding)
Long Money Flows (mns)
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Comparable ETFs Based on Overlap
| Ticker | Fund Name | Overlap vs. |
Expenses vs. |
ALTAR Score™ vs. |
|---|---|---|---|---|
| CLOD | Themes Cloud Computing ETF | 37.9% | -10 bp | +3.3% |
| SKYY | First Trust Cloud Computing ETF | 37.6% | +15 bp | +2.7% |
| WTAI | WisdomTree Artificial Intelligence and Innovation Fund | 34.6% | 0 bp | +2.3% |
| HACK | ETFMG Prime Cyber Security ETFMG Prime Cyber Security Fund | 34.0% | +15 bp | +2.9% |
| XDAT | Franklin Exponential Data ETF | 33.6% | +5 bp | +2.2% |
| OGIG | ALPS O'Shares Global Internet Giants ETF | 33.2% | +3 bp | +2.0% |
| DRUP | GraniteShares Nasdaq Select Disruptors ETF | 33.0% | +15 bp | +4.0% |
| CIBR | First Trust NASDAQ Cybersecurity ETF | 32.6% | +15 bp | +3.9% |
| FCLD | Fidelity Cloud Computing ETF | 32.5% | -6 bp | +3.2% |
| IETC | iShares U.S. Tech Independence Focused ETF | 32.1% | -27 bp | +3.5% |
Risk and Returns: WFH vs. Comps (1 YR)
Notes: Top 10 overlapping ETFs. Funds with insufficient history not shown. Some funds may overlap. Hover over data point for ticker symbol.
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Results & Estimates
| 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | 2026 | ||
|---|---|---|---|---|---|---|---|---|
| Sales per share | -- | -- | -- | -- | -- | -- | -- | |
| change (%) | -- | -- | -- | -- | -- | -- | -- | |
| Earnings per share | -- | -- | -- | -- | -- | -- | -- | |
| change (%) | -- | -- | -- | -- | -- | -- | -- | |
| Dividends per share | -- | -- | -- | -- | -- | -- | -- | |
| change (%) | -- | -- | -- | -- | -- | -- | -- | |
| Book value per share | -- | -- | -- | -- | -- | -- | -- | |
| change (%) | -- | -- | -- | -- | -- | -- | -- |
Return on Equity
Net Margins
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Valuation Metrics
| Fwd Est | 2024 | 2025 | 2026 | |
| Price-to-sales | --x | --x | --x | --x |
| Price-to-earnings | --x | --x | --x | --x |
| Price-to-cash flow | --x | --x | --x | --x |
| Price-to-growth | --x | --x | --x | --x |
| Price-to-book value | --x | --x | --x | --x |
| Yield | --% | --% | --x | --% |
Based on closing prices from 11/2/2025
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Price-to-Earnings
Price-to-Sales
Price-to-Book Value
Price-to-Cash Flow
Price-to-Growth
Dividend Yield
Historical Valuation Trends Sample data. Subscribe for access.
SHOWING:
Price-to-Earnings
Price-to-Earnings
Notes: Based on adjusted historical results for current fund constituents. May differ from results achieved by past fund constituents. Max P/E of 100x.
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ETF Research Center Rating
UNDERWEIGHT
Below average appreciation potential. A rating of UNDERWEIGHT is assigned to ETFs with ALTAR Scores in the 2nd quintile (ranking higher than only 20%-40%) of their category. Typically, funds in this category consist of stocks trading at relatively expensive valuations and/or having below-average fundamentals.
ALTAR Score™
WFH
3.7%
Cat. Avg
5.6%
ALTAR Score™ Calculation
Category Overview
There are 997 funds in the US Equity category, with an average ALTAR Score™
of 5.6% and a standard deviation of
2.4%. WFH's ALTAR Score™ is approximately
0.8 standard deviations
below
the category average. This places WFH in the 21st percentile among funds in the category.
Sell Side Consensus Rating
Sell-side recommendations on the ETF's individual constituents
WFHSELL
U/W
HOLD
O/W
BUY
Expense Analysis
| Peer Group | Rules-Based US Equity ETFs |
| # of ETFs | 627 |
| Avg. Expense Ratio | 46.1 bp |
| Std. Deviation | 32.8 bp |
| WFH (45 bp) Percentile rank | 49 |
Peer Group Expense Ratio Distribution
Total Cost of Ownership (TCO) Comparison
| Expense (bp) (A) |
Avg. Bid/Ask (bp) (B) |
TCO (bp) (A)+(B) |
|
|---|---|---|---|
| WFH | 45.0 | 37.8 | 82.8 |
| Peer Avg. | 46.1 | 15.6 | 61.7 |
For a detailed cost analysis of this and any other ETF use the TCO Comparison Tool .