Direxion High Growth ETF
ALTAR
Score™
4.0% info Recommen-
dation
UNDERWEIGHT
2020E    2021E
P/E
ratio
28.1x P/Sales
ratio
2.4x
P/BV
ratio
4.9x Div.
yield
0.8%


  • 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) $9
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 106
Wgt avg mkt cap (mns) $794,591
Large cap (>$10bn) 99.3%
Mid cap ($2-10bn) 0.6%
Small cap (<$2bn) 0.0%
Developed mkts 100.0%
Emerging mkts 0.0%

TOP TEN HOLDINGS
AMAZON.COM INC 11.1 %
APPLE INC 10.6 %
NVIDIA CORP 6.1 %
TESLA MOTORS INC 5.3 %
MICROSOFT CORP 5.2 %
BERKSHIRE HATHAWAY INC-CL B 4.5 %
FACEBOOK 4.3 %
CIGNA CORP 2.8 %
PAYPAL HOLDINGS INC 2.0 %
ALPHABET INC. CLASS C 1.8 %
Total 53.8 %

TOP COUNTRY EXPOSURE
UNITED STATES 98.7 %
IRELAND 0.4 %
BRITAIN 0.3 %
BERMUDA 0.1 %







HISTORICAL PERFORMANCE info

  Custom date range Compare to  
  thru


Standardized Annual Returns (thru December 31)
Year-to-date 1 year 5 years 10 years Since Incep.
21.1% -- -- -- 21.1%

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

Technical Indicators
Recent close $58.97
30d moving avg. $58.46
Annualized volatility 0.0%
Short interest (ETF) 1.4%
Relative strength (RSI) 56

Liquidity measures
Avg. volume (thou.) 1
Turnover 0.7%
Bid/Ask (% of price) 0.25%
ADV underlying (mns) $155,253

Distributions


FINDING ALTERNATIVE FUNDS

Below is a list of 99 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™: 4.0%


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
(%)
SPYG SPDR Portfolio S&P 500 Growth ETF 63.0 4 36 3.8 -0.2
IVW iShares S&P 500 Growth ETF 63.0 18 22 3.7 -0.3
OEF iShares S&P 100 ETF 62.2 20 20 4.3 +0.3
IWY iShares Russell Top 200 Growth ETF 61.9 20 20 3.7 -0.3
ESGV Vanguard ESG U.S. Stock ETF 61.7 12 28 4.6 +0.6
IUSG iShares Core S&P US Growth ETF 61.1 4 36 3.8 -0.2
IWL iShares Russell Top 200 ETF 60.4 15 25 4.5 +0.5
BKLC BNY Mellon US Large Cap Core Equity ETF 60.4 0 40 4.6 +0.6
MMTM SPDR S&P 1500 Momentum Tilt ETF 59.8 12 28 4.1 +0.1
MGC Vanguard Mega Cap Index Fund 59.8 7 33 4.7 +0.7
IWF iShares Russell 1000 Growth ETF 59.0 19 21 3.6 -0.4
VONG Vanguard Russell 1000 Growth Index Fund 58.3 8 32 3.7 -0.3
XLG Invesco S&P 500 Top 50 ETF 58.2 20 20 4.2 +0.2
XOUT GraniteShares XOUT U.S. Large Cap ETF 58.1 60 -20 3.7 -0.3
VOOG Vanguard S&P 500 Growth ETF 57.3 10 30 4.1 +0.1
TMFC Motley Fool 100 Index ETF 56.5 50 -10 3.2 -0.8
MGK Vanguard Mega Cap Growth ETF 56.2 7 33 3.8 -0.2
PBP Invesco S&P 500 BuyWrite ETF 55.7 49 -9 4.4 +0.4
SPXN ProShares S&P 500 Ex-Financials ETF 55.4 27 13 4.5 +0.5
SPXE ProShares S&P 500 Ex-Energy ETF 55.3 27 13 4.7 +0.7
XYLG Global X S&P 500 Covered Call & Growth ETF 55.2 60 -20 4.4 +0.4
SPY SPDR S&P 500 ETF Trust 54.9 9 31 4.8 +0.8
SPLG SPDR Portfolio Large Cap ETF 54.8 3 37 4.8 +0.8
IVV iShares Core S&P 500 ETF 54.8 3 37 4.8 +0.8
SCHG Schwab U.S. Large-Cap Growth ETF 54.5 4 36 3.3 -0.7
EFIV SPDR S&P 500 ESG ETF 54.2 10 30 4.7 +0.7
SNPE Xtrackers S&P 500 ESG ETF 54.2 10 30 4.7 +0.7
SPYX SPDR S&P 500 Fossil Fuel Reserves Free ETF 53.8 20 20 4.9 +0.9
GSUS Goldman Sachs MarketBeta U.S. Equity ETF 53.8 7 33 4.6 +0.6
JUST Goldman Sachs JUST U.S. Large Cap Equity ETF 53.6 20 20 4.7 +0.7
SFY SoFi Select 500 ETF 53.2 0 40 4.6 +0.7
VOO VANGUARD S&P 500 ETF 53.2 3 37 4.9 +0.9
QYLD Global X NASDAQ 100 Covered Call ETF 53.0 60 -20 3.2 -0.8
QYLG Global X Nasdaq 100 Covered Call & Growth ETF 52.9 60 -20 3.2 -0.8
QQQM Invesco NASDAQ 100 ETF 52.8 15 25 3.7 -0.3
QQQ Invesco QQQ Trust 52.8 20 20 3.6 -0.4
BBUS JP Morgan Betabuilders U.S. Equity ETF 52.8 2 38 4.7 +0.7
VV Vanguard Large-Cap Index Fund 52.6 4 36 4.7 +0.7
NUSI Nationwide Risk-Managed Income ETF 52.6 68 -28 3.1 -0.9
PBUS Invesco PureBeta MSCI USA ETF 52.5 4 36 4.7 +0.7
JCTR JPMorgan Carbon Transition U.S. Equity ETF 52.2 15 25 4.7 +0.8
VUG Vanguard Growth Index Fund 51.9 4 36 3.6 -0.4
SPXV ProShares S&P 500 Ex-Health Care ETF 51.8 27 13 4.4 +0.4
ESGU iShares MSCI USA ESG Optimized ETF 51.6 15 25 4.5 +0.5
SCHX Schwab U.S. Large-Cap ETF 51.4 3 37 4.6 +0.7
SPTM SPDR Portfolio Total Stock Market ETF 51.1 3 37 4.9 +0.9
IWB iShares Russell 1000 ETF 50.4 15 25 4.6 +0.6
IQSU IQ Candriam ESG US Equity ETF 50.4 9 31 4.6 +0.6
SCHK Schwab 1000 Index ETF 50.4 5 35 4.7 +0.7
IYY iShares Dow Jones U.S. ETF 49.8 20 20 4.5 +0.5
ESG FlexShares STOXX US ESG Impact Index Fund 49.6 32 8 4.6 +0.6
PLC Principal U.S. Large-Cap Multi-Factor Core Index ETF 49.0 15 25 5.8 +1.8
GSLC Goldman Sachs ActiveBeta U.S. Large Cap Equity ETF 48.9 9 31 4.9 +0.9
CATH Global X S&P 500 Catholic Values Custom ETF 48.9 29 11 4.7 +0.7
VTHR Vanguard Russell 3000 Index Fund 48.7 10 30 4.5 +0.5
ONEQ Fidelity Nasdaq Composite Index Tracking Stock 48.4 21 19 3.0 -1.0
SPMO Invesco S&P 500 Momentum ETF 48.3 13 27 4.0 -0.0
IWV iShares Russell 3000 ETF 47.5 20 20 4.4 +0.4
SCHB Schwab U.S. Broad Market ETF 47.3 3 37 4.5 +0.5
VONE Vanguard Russell 1000 ETF 47.1 8 32 4.6 +0.7
EPS WisdomTree U.S. Earnings 500 Fund 47.0 8 32 6.0 +2.0
IETC iShares Evolved U.S. Technology ETF 47.0 18 22 3.6 -0.4
ITOT iShares Core S&P Total U.S. Stock Market ETF 47.0 3 37 4.5 +0.5
SPUS SP Funds S&P 500 Sharia Industry Exclusions ETF 47.0 49 -9 3.5 -0.5
SYG SPDR MFS Systematic Growth Equity ETF 47.0 60 -20 3.6 -0.4
QARP Xtrackers Russell 1000 US Quality at a Reasonable Price ETF 46.9 19 21 5.4 +1.4
VTI Vanguard Total Stock Market Index Fund 46.1 3 37 4.5 +0.5
DFAU Dimensional US Core Equity Market ETF 45.6 12 28 4.7 +0.8
IGM iShares Expanded Tech Sector ETF 45.4 46 -6 3.4 -0.6
SFYF SoFi 50 ETF 44.0 29 11 0.8 -3.2
RESP WisdomTree US ESG Fund of Benef Interest 44.0 28 12 5.2 +1.2
FDMO Fidelity Momentum Factor ETF 43.0 29 11 2.5 -1.5
WOMN Impact Shares YWCA Women's Empowerment ETF 43.0 75 -35 3.6 -0.4
QLC FlexShares US Quality Large Cap Index Fund 42.5 32 8 4.5 +0.5
MTUM iShares MSCI USA Momentum Factor ETF 42.2 15 25 2.3 -1.7
NACP Impact Shares NAACP Minority Empowerment ETF 41.9 49 -9 4.8 +0.8
RECS Columbia Research Enhanced Core ETF 41.9 15 25 5.2 +1.2
USMC Principal U.S. Mega-Cap Multi-Factor Index ETF 41.8 12 28 5.0 +1.0
VEGN US Vegan Climate ETF 41.7 60 -20 4.1 +0.1
SPXT ProShares S&P 500 Ex-Technology ETF 41.5 27 13 4.9 +0.9
FVAL Fidelity Value Factor ETF 40.9 29 11 6.9 +2.9
ADME Aptus Drawdown Managed Equity ETF 40.6 79 -39 3.2 -0.8
STLG iShares Factors US Growth Style ETF 40.6 25 15 4.0 +0.1
AFLG First Trust Active Factor Large Cap ETF 40.5 55 -15 4.8 +0.8
SYE SPDR MFS Systematic Core Equity ETF 40.2 60 -20 4.9 +0.9
JHML John Hancock Multifactor Large Cap ETF 40.2 29 11 4.9 +0.9
KRMA Global X Conscious Companies ETF 40.2 43 -3 4.9 +0.9
QUS SPDR MSCI USA StrategicFactors ETF 40.2 15 25 5.3 +1.3
IUS Invesco Strategic US ETF 39.8 19 21 5.5 +1.5
SPQQ Siren Large Cap Blend Index ETF 39.5 20 20 4.3 +0.3
KOKU Xtrackers MSCI Kokusai Equity ETF 39.1 9 31 5.1 +1.1
ACIO Aptus Collared Income Opportunity ETF 39.0 79 -39 3.9 -0.1
TOK iShares MSCI Kokusai ETF 38.9 25 15 5.0 +1.0
DSI iShares MSCI KLD 400 Social ETF 38.9 25 15 4.7 +0.7
AVUS Avantis U.S. Equity ETF 38.7 15 25 4.9 +0.9
EQWL Invesco Russell Top 200 Equal Weight ETF 38.1 25 15 5.6 +1.7
ESGG FlexShares STOXX Global ESG Impact Index Fund 38.0 42 -2 4.7 +0.7
DIVB iShares U.S. Dividend & Buyback ETF 37.7 25 15 5.9 +1.9
STLC iShares Factors US Blend Style ETF 37.5 25 15 4.9 +0.9

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 18.7 %
Divided by: Fwd. P/BV 4.3 x
Less: Expense ratio 40 bp
Equals: ALTAR Score 4.0 %
info More information on ALTAR Score™

MODERN PORTFOLIO THEORY info

CONSENSUS RECOMMENDATIONS: FUND CONSTITUENTS
COMPOSITE
RATING
1.37 CATEGORY
AVERAGE
1.49
 
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.