Direxion Russell 1000 Growth Over Value ETF chart

Last update: 2022-09-30
Investment Backtesting

Systematic investment

55.25 %

Momentum strategy

59.43 %

Buy the dip strategy

20.29 %
Key statistics and financials
Three year average return N/A
YTD return -7.66%
Beta 3Y 0.00
Total Assets 19.96M
Annual report expense ratio 0.63%

Company description

The fund, under normal circumstances, invests at least 80% of its net assets (plus borrowing for investment purposes) in securities that comprise the Long Component of the index or shares of exchange-traded funds ("ETFs") on the Long Component of the index. The index measures the performance of a portfolio that has 150% long exposure to the Russell 1000® Growth Index (the "Long Component") and 50% short exposure to the Russell 1000® Value Index (the "Short Component"). The fund is non-diversified.

Sector: N/A - Industry: N/A

Insider Transactions

Here are the insider transactions of stock shares related to Direxion Russell 1000 Growth Over Value ETF:

Filer Name Transaction Text Ownership Date Filer Relation Shares
NO DATA

Insider transaction explanations

Insider buying is the legal purchase of shares by a senior executive or director of a company. "Filer Name" corresponds to the name of the stock buyer or seller. "Transaction Text" describes the transaction. "Ownership" gives information about the transaction type. "Date" is the reported transaction date. "Filer Relation" gives the role of the insider in the company. "Shares" is the value of the transaction. You will find the complete description of the General Transaction Codes on the SEC dedicated page

Investment strategy backtesting

These are the result of three automatic investment systems applied to Direxion Russell 1000 Growth Over Value ETF. You will find the performance of an systematic investment system, a momentum strategy, and a buy the dip trading strategy.

Systematic investment results on Direxion Russell 1000 Growth Over Value ETF

Here is the result of two systematic investment strategies applied to Direxion Russell 1000 Growth Over Value ETF. The first strategy automatically buys the first day of the month, and the second strategy buys the fifteenth day of the month.

Systematic investment equity curve on Direxion Russell 1000 Growth Over Value ETF

The following chart shows the equity curve of the two systematic investment strategies applied to Direxion Russell 1000 Growth Over Value ETF:

Direxion Russell 1000 Growth Over Value ETF automated entries

The systematic investment strategy that buys the first day of the month would give a performance of 55.25% on the backtest period.

Performance at glance

Performance

55.25 %

Latent gain

955.3 $

Invested capital

1729.04 $

Annualized return

19.18 %
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Momentum strategy results on Direxion Russell 1000 Growth Over Value ETF

This is the result of two momentum investment strategies applied to Direxion Russell 1000 Growth Over Value ETF. The first strategy uses a momentum signal calculated on one quarter, and the second uses a momentum signal calculated on two quarters.

Momentum entry openings on Direxion Russell 1000 Growth Over Value ETF

The following chart shows all the entries opened by the momentum investment system on Direxion Russell 1000 Growth Over Value ETF:

Direxion Russell 1000 Growth Over Value ETF momentum entries
  • The first momentum investment strategy would give 59.43% of return on Direxion Russell 1000 Growth Over Value ETF. That represents 1591.99$ of latent gain with 2678.55$ of employed capital.
  • The second momentum investment strategy would give 52.0% of return on Direxion Russell 1000 Growth Over Value ETF. That represents 1669.67$ of latent gain with 3210.94$ of employed capital.
Performance at glance (1Q Momentum)

Performance

59.43 %

Latent gain

1591.99 $

Invested capital

2678.55 $

Annualized return

23.06 %
Performance at glance (2Q Momentum)

Performance

52.0 %

Latent gain

1669.67 $

Invested capital

3210.94 $

Annualized return

21.67 %

Momentum equity curve on Direxion Russell 1000 Growth Over Value ETF

The following chart shows the equity curve of the two momentum strategies applied to Direxion Russell 1000 Growth Over Value ETF:

Direxion Russell 1000 Growth Over Value ETF momentum equity

Note: the dividends potentially given by Direxion Russell 1000 Growth Over Value ETF are not integrated into the calculation of the equity curve neither the performance of the strategy. The integration of the dividends will be available soon.

Employed capital on Direxion Russell 1000 Growth Over Value ETF

The following chart shows the employed capital evolution of the two momentum strategies on Direxion Russell 1000 Growth Over Value ETF since the beginning:

Direxion Russell 1000 Growth Over Value ETF

Note: the algorithm buys for a maximum of 250$ per entry. If the stock price is greater than 250$, the system buys only one stock per entry. The investment system stops automatically when the financial exposure reaches 10000$.

Buy the dip strategy result on Direxion Russell 1000 Growth Over Value ETF

Buy the dip entry openings on Direxion Russell 1000 Growth Over Value ETF

Direxion Russell 1000 Growth Over Value ETF

The performance achieved by the robo-advisor on Direxion Russell 1000 Growth Over Value ETF is 20.29%. That represents 41.17$ of latent gain with 202.86$ of employed capital. The following chart shows Direxion Russell 1000 Growth Over Value ETF stock price with all the entries opened by the automated investment system.

Note: The blue line represents the weekly stock price of Direxion Russell 1000 Growth Over Value ETF, and the green triangles represent the entry openings. The artificall robo-advisor needs at least 100 weeks of trading history to work.

Performance at glance

Performance

20.29 %

Latent gain

41.17 $

Invested capital

202.86 $

Annualized return

23.06 %

Equity curve of the strategy applied to Direxion Russell 1000 Growth Over Value ETF

The following chart shows the result of the investment strategy applied to Direxion Russell 1000 Growth Over Value ETF:

Direxion Russell 1000 Growth Over Value ETF

Note: the dividends potentially given by Direxion Russell 1000 Growth Over Value ETF are not integrated into the calculation of the equity curve neither the performance of the strategy. The integration of the dividends will be available soon.

Employed capital on Direxion Russell 1000 Growth Over Value ETF

The following chart shows the employed capital evolution since the beginning of the investment strategy on Direxion Russell 1000 Growth Over Value ETF:

Direxion Russell 1000 Growth Over Value ETF

Note: the algorithm buys for a maximum of 250$ per entry. If the stock price is greater than 250$, the system buys only one stock per entry. The investment system stops automatically when the financial exposure reaches 10000$.

Investment strategies comparison on Direxion Russell 1000 Growth Over Value ETF

In this section, I will compare the three previous investment strategies applied to Direxion Russell 1000 Growth Over Value ETF.

Equity curve comparison on Direxion Russell 1000 Growth Over Value ETF

The following chart shows the equity curve of the artificall advisor, the trend folowing and the automatic investment strategies:

Direxion Russell 1000 Growth Over Value ETF investment strategy comparison

Employed capital comparison on Direxion Russell 1000 Growth Over Value ETF

Direxion Russell 1000 Growth Over Value ETF investment comparison

Performance comparison on Direxion Russell 1000 Growth Over Value ETF

Strategy Latent Profit Growth Employed capital CAGR
Automatic investment 55.25% 955.3$ 1729.04$ 19.18%
Momentum 1 quarter 59.43% 1591.99$ 2678.55$ 22.51%
Momentum 2 quarters 52.0% 1669.67$ 3210.94$ 21.67%
Non-directional 20.29% 41.17$ 202.86$ 23.06%
Annualized return comparison

Automatic investment

19.18 %

Momentum 1Q

21.67 %

Momentum 2Q

21.67 %

Non-directional

23.06 %

Correlated stocks

Here are the most positively and negatively correlated stocks with Direxion Russell 1000 Growth Over Value ETF:

Positive correlations

Most correlated stocks this year


Most correlated stocks last 3 months

Negative correlation

Most negatively correlated stocks this year


Most negatively correlated stocks last 3 months

Note: The algorithm computes the probability of correlation between Direxion Russell 1000 Growth Over Value ETF and the other stocks. There may be false positives or some missing correlated stocks. If the price of Direxion Russell 1000 Growth Over Value ETF does not vary for 36 weeks, the correlation calculation result will be wrong.

Company information
Company name Direxion Russell 1000 Growth Over Value ETF
Country
City
Address
Phone
Website
FullTime employees
Industry
Sector
Exchange ARCX
Ticker RWGV
Market

Direxion Russell 1000 Growth Over Value ETF ESG Scores

Environment scores

Environment ESG Factors Scores
Environment Score 0
Peer Environment Performance unknown
Environment Percentile unknown
Palm Oil unknown
Nuclear unknown
Fur Leather unknown
GMO unknown
Coal unknown
Pesticides unknown
Animal Testing unknown

Social scores

Social ESG Factors Scores
Social Score 0
Peer Social Performance unknown
Social Percentile unknown
Highest Controversy unknown
Peer Highest Controversy Performance unknown
Adult unknown
Gambling unknown
Alcoholic unknown
Tobacco unknown
Catholic unknown
Controversial Weapons unknown
Small Arms unknown
Military Contract unknown
Peer Count unknown

Related Controversy:


Governance scores

Governance ESG Factors Scores
Governance Score 0
Peer Governance Performance unknown
Governance Percentile unknown

ESG at glance
Total ESG Scores: unknown
Environment Score: 0
Social Score: 0
Governance Score: 0

ESG Performance: unknown

Peer Group: unknown

Peer Esg Score Performance: unknown

Rating Year: unknown

Rating Month: unknown

Max Age: unknown

Percentile: unknown

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