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
45 bp
EXPENSES
$27.3 M
ASSETS UNDER MGMT
Fund Basics
Fund sponsor | Rafferty Asset Management |
Category | US |
Asset class | Equity |
Website | link... |
Inception date | Jun 25, 2020 |
Assets (mns) | $27 |
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
ALPHABET INC. CLASS A | 3.5 % |
BROADCOM INC. | 3.4 % |
SYNNEX CORP | 3.2 % |
ORACLE CORP | 3.2 % |
NETAPP INC | 3.2 % |
CROWDSTRIKE HOLDINGS, INC. CLASS A | 3.1 % |
PALO ALTO NETWORKS INC | 3.0 % |
MICROSOFT CORP | 2.9 % |
AMAZON.COM INC | 2.8 % |
META PLATFORMS INC | 2.7 % |
Constituent Breakdown
Number of holdings | 41 |
Herfindahl-Hirschman Index | 255 |
Wgt avg mkt cap (mns) | $355,189 |
Large cap (>$10bn) | 70.4% |
Mid cap ($2-10bn) | 20.4% |
Small cap (<$2bn) | 9.2% |
Developed mkts. | 95.0% |
Emerging mkts. | 5.0% |
Country Exposure
UNITED STATES | 86.4 % | |
CHINA | 4.5 % | |
ISRAEL | 2.6 % | |
AUSTRALIA | 2.1 % |
Historical Performance
Standardized Performance (as of 06/30/2024)
YTD | 1 YR | 2 YR | 3 YR | 5 YR | 10 YR | Incep. | |
---|---|---|---|---|---|---|---|
Total Returns | 1.3% | 12.9% | 8.5% | -9.5% | -- | -- | 2.7% | Volatility | 19.5% | 20.5% | 27.5% | 28.2% | -- | -- | -- |
Market Correlations
versus... | Beta | R-squared |
S&P 500 | 0.94 | 56% |
MSCI EAFE | 0.74 | 33% |
MSCI Emg Mkts | 0.65 | 26% |
Liquidity Measures
Avg. volume (000) | 3 |
Turnover | 0.6% |
Avg. Bid/Ask (% of price) | 0.23% |
ADV of underlying (mns) | $69,910 |
Technical Indicators
Recent close | $54.57 |
30d moving avg. | $55.12 |
Annualized volatility | 22.6% |
Relative strength (RSI) | 49 |
Short interest (ETF) | 0.0% |
Short interest (underlying) | 6.1% |
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. WFH |
Expenses vs. WFH |
ALTAR Score™ vs. WFH |
---|---|---|---|---|
SKYY | First Trust Cloud Computing ETF | 39.5% | +15 bp | -3.0% |
CLOD | Themes Cloud Computing ETF | 36.3% | -10 bp | -2.8% |
MVPS | Amplify Thematic All-Stars ETF | 36.2% | +4 bp | -3.5% |
AIQ | Global X Artificial Intelligence & Technology ETF | 33.3% | +23 bp | -2.5% |
XNTK | SPDR NYSE Technology ETF | 31.4% | -10 bp | -2.5% |
DRUP | GraniteShares Nasdaq Select Disruptors ETF | 30.8% | +15 bp | -2.6% |
TECB | iShares U.S. Tech Breakthrough Multisector ETF | 30.0% | -5 bp | -2.2% |
OGIG | ALPS O'Shares Global Internet Giants ETF | 29.5% | +3 bp | -5.9% |
IETC | iShares U.S. Tech Independence Focused ETF | 28.8% | -27 bp | -1.9% |
DFNV | Donoghue Forlines Innovation ETF | 28.1% | +24 bp | -1.7% |
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
2019 | 2020 | 2021 | 2022 | 2023 | 2024E | 2025E | ||
---|---|---|---|---|---|---|---|---|
Sales per share | -- | -- | -- | -- | -- | -- | -- | |
change (%) | -- | -- | -- | -- | -- | -- | -- | |
Earnings per share | -- | -- | -- | -- | -- | -- | -- | |
change (%) | -- | -- | -- | -- | -- | -- | -- | |
Dividends per share | -- | -- | -- | -- | -- | -- | -- | |
change (%) | -- | -- | -- | -- | -- | -- | -- | |
Book value per share | -- | -- | -- | -- | -- | -- | -- | |
change (%) | -- | -- | -- | -- | -- | -- | -- |
Return on Equity
Net Margins
EPS Revision Activity (6 mo. ago = 100%)
Compound Annual Growth Rates
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Valuation Metrics
2023 | 2024E | Fwd Est | 2025E | |
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 7/25/2024
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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
WFH
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 Fund Rating
Our measure of an ETF's overall investment merit
ALTAR Score™
WFH
6.5%
Cat. Avg
5.7%
Fund Category: US
Avg. Return on Equity | --% |
Divided by: Fwd. P/BV | --x |
Less: Expenses | -- bp |
Equals: ALTAR Score™ | 6.5% |
Recommendation
OVERWEIGHT
Above average appreciation potential. A rating of OVERWEIGHT is assigned to ETFs with ALTAR Scores in the 4th quintile (ranking higher than 60%-80%) of their category. Typically, funds in this category consist of stocks trading at attractive valuations and/or having above-average fundamentals.
Category Overview
There are 899 funds in the US category, with an average ALTAR Score™
of 5.7% and a standard deviation of
2.4%. WFH's ALTAR Score™ is approximately
0.3 standard deviations
above
the category average. This places WFH in the 63rd percentile among funds in the category.
Consensus Recommendation
Sell-side recommendations on the ETF's individual constituents
Composite
WFH
Peer Average
Recent Trends
SELL
U/W
HOLD
O/W
BUY
Recent Trends
Breakdown
Expense Analysis
Peer Group | Rules-Based US Equity ETFs |
# of ETFs | 609 |
Avg. Expense Ratio | 46.6 bp |
Std. Deviation | 32.9 bp |
WFH (45 bp) Percentile rank | 48 |
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 | 22.9 | 67.9 |
Peer Avg. | 36.9 | 15.0 | 51.8 |
For a detailed cost analysis of this and any other ETF use the TCO Comparison Tool .