DRIP vs. FXN ETF Comparison
Comparison of Direxion Daily S&P Oil & Gas Exp. & Prod. Bear 3X Shares (DRIP) to First Trust Energy AlphaDEX Fund (FXN)
DRIP
Direxion Daily S&P Oil & Gas Exp. & Prod. Bear 3X Shares
DRIP Description
The investment seeks daily investment results, of 300% of the inverse (or opposite) of the performance of the S&P Oil & Gas Exploration & Production Select Industry Index ("index"). The index is provided by S&P and includes domestic companies from the oil and gas exploration and production sub-industry. The fund normally creates short positions by investing at least 80% of its assets in: swap agreements; options on securities and indices; forward contracts; short positions; reverse repurchase agreements; ETFs; and other financial instruments that, in combination, provide inverse leveraged and unleveraged exposure to the index. It is non-diversified.
Grade (RS Rating)
Last Trade
$10.04
Average Daily Volume
2,156,411
34
FXN
First Trust Energy AlphaDEX Fund
FXN Description
The investment seeks results that correspond generally to the price and yield (before the fund's fees and expenses) of an equity index called the StrataQuant(R) Energy Index. The fund will normally invest at least 90% of its net assets in common stocks that comprise the index. The index is a modified equal-dollar weighted index designed by NYSE Euronext to objectively identify and select stocks from the Russell 1000(R) Index in the energy sector that may generate positive alpha relative to traditional passive-style indices through the use of the AlphaDEX(R) selection methodology. It is non-diversified.Grade (RS Rating)
Last Trade
$17.14
Average Daily Volume
1,722,537
39
Performance
| Period | DRIP | FXN |
|---|---|---|
| 30 Days | -8.84% | -0.55% |
| 60 Days | -9.17% | 2.21% |
| 90 Days | 3.63% | -3.43% |
| 12 Months | -9.38% | 7.33% |
16 Overlapping Holdings
| Symbol | Grade | Weight in DRIP | Weight in FXN | Overlap | |
|---|---|---|---|---|---|
| APA | F | 3.67% | 3.18% | 3.18% | |
| AR | B | 1.4% | 0.8% | 0.8% | |
| COP | D | 2.49% | 2.62% | 2.49% | |
| CVX | B | 2.35% | 3.49% | 2.35% | |
| DVN | F | 2.64% | 3.06% | 2.64% | |
| EOG | B | 2.71% | 3.68% | 2.71% | |
| EQT | B | 2.13% | 2.68% | 2.13% | |
| FANG | C | 2.52% | 3.26% | 2.52% | |
| MPC | C | 2.33% | 2.61% | 2.33% | |
| MRO | C | 2.49% | 3.51% | 2.49% | |
| MTDR | F | 2.02% | 3.86% | 2.02% | |
| OXY | D | 2.91% | 1.54% | 1.54% | |
| PSX | D | 2.19% | 2.58% | 2.19% | |
| RRC | B | 2.2% | 2.52% | 2.2% | |
| VLO | D | 2.33% | 4.0% | 2.33% | |
| XOM | A | 2.37% | 2.85% | 2.37% |
DRIP Underweight 23 Positions Relative to FXN
| Symbol | Grade | Weight | |
|---|---|---|---|
| CHK | D | -4.52% | |
| OVV | D | -3.92% | |
| NOV | F | -3.88% | |
| DINO | D | -3.78% | |
| CHRD | F | -3.58% | |
| CIVI | F | -3.49% | |
| CTRA | D | -3.3% | |
| WFRD | F | -2.59% | |
| HAL | D | -2.42% | |
| PR | D | -2.36% | |
| TRGP | A | -2.13% | |
| KMI | A | -2.07% | |
| DTM | A | -2.02% | |
| LNG | A | -1.89% | |
| SLB | D | -1.67% | |
| TPL | A | -1.15% | |
| OKE | A | -1.03% | |
| WMB | A | -0.99% | |
| FSLR | C | -0.97% | |
| FTI | B | -0.96% | |
| BKR | B | -0.95% | |
| AM | A | -0.94% | |
| NFE | F | -0.8% |
DRIP: Top Represented Industries & Keywords
FXN: Top Represented Industries & Keywords
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