Direxion High Growth ETF
ALTAR
Score™
4.4% info Recommen-
dation
UNDERWEIGHT
2020E    2021E
P/E
ratio
26.1x P/Sales
ratio
1.9x
P/BV
ratio
4.9x Div.
yield
0.7%


  • Description
  • Performance
  • Comps
  • premium Fundamentals
  • premium Valuation
  • premium Rating
HIPR tracks an index of US growth stocks that are selected and weighted by their quality, momentum, value, and volatility scores.

FUND BASICS
Category US Equities
Fund Sponsor Rafferty Asset Management
Website www.direxion.com
Inception date Jun 11, 2020
Assets (mns) $8
Currency USD
Expense ratio 40 bp
Distributions Annually

FUND STRUCTURE
Regulation Open-Ended Fund
Custodian
Weighting Multi-Factor
Index replication
Uses derivatives No
Options available No

SECTOR BREAKDOWN

 


CONSTITUENT BREAKDOWN
No. of constituents 90
Wgt avg mkt cap (mns) $774,750
Large cap (>$10bn) 98.9%
Mid cap ($2-10bn) 1.1%
Small cap (<$2bn) 0.0%
Developed mkts 100.0%
Emerging mkts 0.0%

TOP TEN HOLDINGS
APPLE INC 16.7 %
FACEBOOK 8.0 %
AMAZON.COM INC 7.8 %
VERTEX PHARMACEUTICALS INC 4.9 %
MICROSOFT CORP 4.5 %
NVIDIA CORP 4.4 %
BERKSHIRE HATHAWAY INC-CL B 4.2 %
CIGNA CORP 3.6 %
VISA INC-CLASS A SHARES 3.3 %
TESLA MOTORS INC 3.1 %
Total 60.4 %

TOP COUNTRY EXPOSURE
UNITED STATES 99.1 %
IRELAND 0.6 %
BERMUDA 0.3 %
BRITAIN 0.1 %







HISTORICAL PERFORMANCE info

  Custom date range Compare to  
  thru


Standardized Annual Returns (thru September 30)
Year-to-date 1 year 5 years 10 years Since Incep.
11.7% -- -- -- 11.7%

Market Correlations
versus... Beta R-squared
S&P500 -- --
MSCI EAFE -- --
MSCI Emg. Mkts. -- --

Technical Indicators
Recent close $54.43
30d moving avg. $54.20
Annualized volatility 0.0%
Short interest (ETF) 10.6%
Relative strength (RSI) 54

Liquidity measures
Avg. volume (thou.) 3
Turnover 2.0%
Bid/Ask (% of price) 0.26%
ADV underlying (mns) $161,861

Distributions


FINDING ALTERNATIVE FUNDS

Below is a list of 100 potential alternatives to the Direxion High Growth ETF ETF based on the alternatives' overlap in portfolio holdings with HIPR. Consider funds with lower expense ratios and/or higher ALTAR Score™ ratings as possible alternatives.

Benchmark ticker: HIPR Expense: 40 bp ALTAR Score™: 4.4%


ALTERNATIVE ETFs BASED ON OVERLAP WITH HIPR
Ticker Fund
Name
Overlap1
vs HIPR
(%)
Expense
ratio
(bp)
Savings
vs HIPR
(bp)
ALTAR
Score™
(%)
ALTAR
vs HIPR
(%)
IWY iShares Russell Top 200 Growth ETF 58.7 20 20 3.7 -0.7
MGK Vanguard Mega Cap Growth ETF 54.8 7 33 3.9 -0.5
TMFC Motley Fool 100 Index ETF 54.3 50 -10 3.3 -1.1
IWF iShares Russell 1000 Growth ETF 54.0 19 21 3.6 -0.8
XLG Invesco S&P 500 Top 50 ETF 53.9 20 20 4.3 -0.1
VONG Vanguard Russell 1000 Growth Index Fund 53.2 8 32 3.7 -0.7
MMTM SPDR S&P 1500 Momentum Tilt ETF 52.7 12 28 4.5 +0.1
SCHG Schwab U.S. Large-Cap Growth ETF 52.5 4 36 3.4 -1.1
QYLD Global X NASDAQ 100 Covered Call ETF 52.4 60 -20 3.4 -1.0
OEF iShares S&P 100 ETF 52.1 20 20 4.6 +0.2
VOOG Vanguard S&P 500 Growth ETF 52.0 10 30 4.1 -0.3
QYLG Global X Nasdaq 100 Covered Call & Growth ETF 51.5 60 -20 3.4 -1.0
SPYG SPDR Portfolio S&P 500 Growth ETF 51.2 4 36 4.2 -0.2
IVW iShares S&P 500 Growth ETF 51.2 18 22 16.6 +12.2
QQQ Invesco QQQ Trust 50.5 20 20 3.7 -0.7
NUSI Nationwide Risk-Managed Income ETF 50.4 68 -28 3.2 -1.2
IWL iShares Russell Top 200 ETF 50.1 15 25 4.7 +0.3
BKLC BNY Mellon US Large Cap Core Equity ETF 50.1 0 40 4.9 +0.5
IETC iShares Evolved U.S. Technology ETF 49.9 18 22 3.7 -0.8
IUSG iShares Core S&P US Growth ETF 49.5 4 36 4.2 -0.2
MGC Vanguard Mega Cap Index Fund 49.1 7 33 4.9 +0.5
XOUT GraniteShares XOUT U.S. Large Cap ETF 49.0 60 -20 3.9 -0.5
SYG SPDR MFS Systematic Growth Equity ETF 48.6 60 -20 3.9 -0.5
VUG Vanguard Growth Index Fund 47.9 4 36 3.8 -0.7
IGM iShares Expanded Tech Sector ETF 47.6 46 -6 3.6 -0.8
EFIV SPDR S&P 500 ESG ETF 46.8 10 30 4.9 +0.5
SNPE Xtrackers S&P 500 ESG ETF 46.8 10 30 4.8 +0.4
MTUM iShares MSCI USA Momentum Factor ETF 46.4 15 25 4.1 -0.4
IQSU IQ Candriam ESG US Equity ETF 46.0 9 31 4.9 +0.4
HSPX Global X S&P 500 Covered Call ETF 45.9 60 -20 4.7 +0.3
SPMO Invesco S&P 500 Momentum ETF 45.9 13 27 3.9 -0.5
ONEQ Fidelity Nasdaq Composite Index Tracking Stock 45.7 21 19 3.0 -1.4
ESGV Vanguard ESG U.S. Stock ETF 45.5 12 28 4.9 +0.4
XYLG Global X S&P 500 Covered Call & Growth ETF 45.0 60 -20 4.8 +0.4
SPXN ProShares S&P 500 Ex-Financials ETF 44.9 27 13 4.7 +0.3
PBP Invesco S&P 500 BuyWrite ETF 44.9 49 -9 4.7 +0.3
SPYX SPDR S&P 500 Fossil Fuel Reserves Free ETF 44.8 20 20 5.1 +0.7
SPXE ProShares S&P 500 Ex-Energy ETF 44.8 27 13 5.0 +0.6
JUST Goldman Sachs JUST U.S. Large Cap Equity ETF 44.7 20 20 4.7 +0.3
GSUS Goldman Sachs MarketBeta U.S. Equity ETF 44.5 7 33 5.0 +0.6
SPY SPDR S&P 500 ETF Trust 44.4 9 31 5.1 +0.7
IVV iShares Core S&P 500 ETF 44.4 3 37 5.1 +0.7
SPLG SPDR Portfolio Large Cap ETF 44.3 3 37 5.1 +0.7
SFY SoFi Select 500 ETF 44.2 0 40 4.9 +0.5
QARP Xtrackers Russell 1000 US Quality at a Reasonable Price ETF 43.9 19 21 5.8 +1.4
VOO VANGUARD S&P 500 ETF 43.9 3 37 5.2 +0.7
VEGN US Vegan Climate ETF 43.7 60 -20 4.9 +0.5
BBUS JP Morgan Betabuilders U.S. Equity ETF 43.7 2 38 5.0 +0.6
PBUS Invesco PureBeta MSCI USA ETF 43.6 4 36 5.0 +0.6
VV Vanguard Large-Cap Index Fund 43.2 4 36 5.0 +0.6
SPXV ProShares S&P 500 Ex-Health Care ETF 43.0 27 13 4.8 +0.4
ESGU iShares MSCI USA ESG Optimized ETF 42.8 15 25 4.8 +0.4
QLC FlexShares US Quality Large Cap Index Fund 42.7 32 8 5.0 +0.6
FDMO Fidelity Momentum Factor ETF 42.6 29 11 3.2 -1.2
SCHX Schwab U.S. Large-Cap ETF 42.6 3 37 4.9 +0.5
IWB iShares Russell 1000 ETF 41.9 15 25 4.8 +0.4
SPTM SPDR Portfolio Total Stock Market ETF 41.9 3 37 5.3 +0.8
CATH Global X S&P 500 Catholic Values Custom ETF 41.9 29 11 4.9 +0.5
SCHK Schwab 1000 Index ETF 41.9 5 35 5.0 +0.5
IYY iShares Dow Jones U.S. ETF 41.6 20 20 4.8 +0.4
VONE Vanguard Russell 1000 ETF 41.3 8 32 4.9 +0.5
GBGR Global Beta Momentum-Growth ETF 41.1 29 11 5.2 +0.8
GSLC Goldman Sachs ActiveBeta U.S. Large Cap Equity ETF 41.0 9 31 5.3 +0.9
VTHR Vanguard Russell 3000 Index Fund 40.5 10 30 4.8 +0.4
JKE iShares Morningstar Large-Cap Growth ETF 40.4 25 15 2.9 -1.6
WOMN Impact Shares YWCA Women's Empowerment ETF 40.3 75 -35 4.1 -0.3
IWV iShares Russell 3000 ETF 40.2 20 20 4.7 +0.3
SCHB Schwab U.S. Broad Market ETF 40.0 3 37 4.9 +0.5
PLC Principal U.S. Large-Cap Multi-Factor Core Index ETF 40.0 15 25 6.0 +1.6
ITOT iShares Core S&P Total U.S. Stock Market ETF 39.9 3 37 4.8 +0.4
IYW iShares U.S. Technology ETF 39.7 43 -3 3.8 -0.7
ESG FlexShares STOXX US ESG Impact Index Fund 39.6 32 8 4.9 +0.5
SFYF SoFi 50 ETF 39.6 29 11 2.0 -2.4
SPUS SP Funds S&P 500 Sharia Industry Exclusions ETF 39.4 49 -9 3.9 -0.6
SYE SPDR MFS Systematic Core Equity ETF 38.9 60 -20 5.5 +1.1
VTI Vanguard Total Stock Market Index Fund 38.8 3 37 4.8 +0.4
SPQQ Siren Large Cap Blend Index ETF 38.6 20 20 4.7 +0.3
XLK Technology Select Sector SPDR Fund 38.4 13 27 4.6 +0.2
STLG iShares Factors US Growth Style ETF 38.4 25 15 4.1 -0.4
USMC Principal U.S. Mega-Cap Multi-Factor Index ETF 38.3 12 28 4.6 +0.2
RECS Columbia Research Enhanced Core ETF 38.2 15 25 5.4 +1.0
FTEC Fidelity MSCI Information Technology Index ETF 38.0 8 32 4.4 -0.1
VGT Vanguard Information Technology Index Fund 37.9 10 30 4.3 -0.1
IXN iShares Global Tech ETF 37.5 46 -6 4.3 -0.1
EXT WisdomTree U.S. Total Earnings Fund 37.5 28 12 5.3 +0.9
FTHI First Trust High Income ETF 37.5 85 -45 4.8 +0.4
ADME Aptus Drawdown Managed Equity ETF 37.3 79 -39 3.3 -1.1
FTLB First Trust Hedged BuyWrite Income ETF 36.9 85 -45 4.8 +0.4
EPS WisdomTree U.S. Earnings 500 Fund 36.9 8 32 6.2 +1.8
TECB iShares US Tech Breakthrough Multisector ETF 36.8 40 0 3.9 -0.5
LRGE ClearBridge Large Cap Growth ESG ETF 36.6 59 -19 3.6 -0.8
AFLG First Trust Active Factor Large Cap ETF 36.6 55 -15 5.2 +0.8
NACP Impact Shares NAACP Minority Empowerment ETF 36.6 75 -35 4.6 +0.2
QRFT Qraft Ai-Enhanced U.S. Large Cap ETF 36.5 75 -35 3.7 -0.7
FVAL Fidelity Value Factor ETF 36.2 29 11 7.5 +3.1
JOYY Infusive Compounding Global Equities ETF 35.4 50 -10 3.6 -0.8
ACIO Aptus Collared Income Opportunity ETF 35.0 79 -39 4.2 -0.2
PWB Invesco Dynamic Large Cap Growth ETF 34.8 56 -16 3.2 -1.2
MMLG First Trust Multi-Manager Large Growth ETF 34.7 85 -45 2.0 -2.4
DSI iShares MSCI KLD 400 Social ETF 34.4 25 15 4.9 +0.5

1Overlap is the percentage of holdings by weight that are identical. For example, if Fund A has a 2% position in Apple, Inc. (AAPL) and Fund B has a 5% position, their overlapping position in AAPL is 2%.

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RESULTS & ESTIMATES

  2015 2016 2017 2018 2019 2020E 2021E
Sales per share ** ** ** ** ** ** **
Earnings per share ** ** ** ** ** ** **
Dividends per share info ** ** ** ** ** ** **
Book value per share ** ** ** ** ** ** **

 

Sales per share growth   **% **% **% **% **% **%
EPS growth   **% **% **% **% **% **%

Sales per share growth   **% **% **% **% **% **%
EPS growth   **% **% **% **% **% **%

OTHER FUNDAMENTAL METRICS

Long term EPS growth est. **%   Debt-to-equity **x
Asset turnover **%   Assets-to-equity **x

Return on equity

Revision activity*
*Six months ago = 100

Net margins

Compound annual growth rates

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VALUATION METRICS
  2019 2020E 2021E
Price-to-sales ** ** **
Price-to-earnings ** ** **
Price-to-cash flow ** ** **
Price-to-growth ** ** **
Price-to-book value ** ** **
Yield ** ** **

Historical valuation trends

Forward
multiple:
Direxion High Growth ETF
Relative
to:
S&P500 MSCI EAFE MSCI Emg. Mkts. Other ETF:

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™


Calculation of ALTAR Score™
Avg. Return on Equity 20.4 %
Divided by: Fwd. P/BV 4.2 x
Less: Expense ratio 40 bp
Equals: ALTAR Score 4.4 %
info More information on ALTAR Score™

MODERN PORTFOLIO THEORY info

CONSENSUS RECOMMENDATIONS: FUND CONSTITUENTS
COMPOSITE
RATING
1.39 CATEGORY
AVERAGE
1.51
 
The composite rating is a weighted average of analysts' consensus recommendations for individual ETF constituents, based on the following scale:

BUY = 1; OVERWEIGHT = 1.5, HOLD = 2; UNDERWEIGHT = 2.5; and SELL = 3.

Readers are cautioned that because analyst ratings tend to be inflated, the composite score may be more useful as a relative measure of sentiment between funds rather than as a stand-alone recommendation.
 

 

See RATING tab for calculation of ALTAR Score™
Risk & reward. Uses std. dev. as proxy for risk, ALTAR Score™ for return forecast.
Dividends paid by constituents to the fund. May differ from actual distributions to shareholders due to constituent changes, timing issues or other factors.
Monthly returns based on changes in price plus dividends. May differ from daily returns reported by funds. See below for standardized returns.