DRIPDirexion Daily S&P Oil & Gas Exp. & Prod. Bear 2X Shares
Seeks daily investment results that correspond to -200% of the daily performance of the S&P Oil & Gas Exploration & Production Index.
By Direxion Funds · Launched 2015
1.01%
#4,997 of 5,562 · expensive
$174M
#2,414 of 5,562 · mid-size
-35.2%
11 years
#1,298 of 5,562 · established
Performance
Total-return NAV · USDTotal-return NAV, USD. Net of fund fees, before tax.
Classification
How Beacon categorizes this fundAsset class
EquityRegion
North americaStrategy
Inverse
Sector
EnergyIndex tracked
S&P Oil & Gas Exploration & Production Select Industry Index
What it actually holds
By weightConcentration
Top 8 holdings = 111.2% of fundconcentrated
Asset allocation
Risk profile
Last 12 months · Sharpe & Sortino need 3+ yearsYear-on-year price swings
Worst peak-to-trough loss
Where to buy
Listing
- Exchange
- NYSE Arca
Full fund details
- Objective
- Seeks daily investment results that correspond to -200% of the daily performance of the S&P Oil & Gas Exploration & Production Index.
- Strategy
- Invests primarily in financial instruments to achieve -2x daily inverse exposure to the S&P Oil & Gas Exploration & Production Select Industry Index. Designed for short-term trading and not suitable for long-term holding.
- Inception date
- May 28, 2015
- Fund family
- Direxion Funds
Similar ETFs
Closest matches by profileOur take
Structural notes on how this fund behaves. Read our guide on the 6 warning signs.
Leveraged ETF — not a long-term hold
This fund uses leverage to amplify daily returns (e.g. 2x or 3x of an index). Daily rebalancing creates volatility decay — over weeks and months, the fund's return drifts from the stated multiple. In trending markets with low realised volatility, leveraged index ETFs can outperform their nominal multiple; in sideways or volatile markets they bleed. Designed for short-term tactical use, not buy-and-hold.
Source: Cheng & Madhavan, 'The Dynamics of Leveraged and Inverse ETFs' (2009)
Why we flagged this: strategy=inverse + leveraged_name_or_strategy
Inverse ETF — daily tool only
Delivers the inverse of the benchmark's daily return. The compounding path makes multi-day holding unpredictable even when the benchmark's total move goes your way. Legitimate as a one-day hedge; dangerous as a view.
Source: Cheng & Madhavan (2009)
Why we flagged this: strategy=inverse + inverse_name_or_strategy
Educational analysis of structural product characteristics. Not investment advice. Always read the fund prospectus and consult a qualified advisor before investing. More
What's next?
You've reviewed DRIP. Save it to your watchlist to track it alongside the other funds you're weighing.
Data updated on 2026-06-19