Direxion Daily Cnsmr Discret Bear 3XShrs (PASS) ETF Holdings & Analysis

What PASS does

The fund's primary objective is to deliver daily investment returns that are three times (300%) the inverse of the daily performance of the Consumer Discretionary Select Sector Index, before accounting for fees and expenses. To achieve this ambitious goal, the fund typically employs a strategy involving swap agreements, futures contracts, short positions, and other derivative instruments. These financial tools, when combined, are designed to provide inverse, leveraged exposure to the underlying index, representing at least 80% of the fund's net assets (including any capital obtained through borrowing for investment purposes). The Consumer Discretionary Select Sector Index, compiled by S&P Dow Jones Indices, consists of U.S.-based companies within the consumer discretionary sector. It is important to note that the fund operates as a non-diversified entity.

Fund profile

PortView Portfolio Insights

PortView analyzes how PASS fits your actual portfolio — position weight, ETF overlap with your other funds, sector and geographic exposure, concentration, and how this fund contributes to your portfolio risk and return. Connect a portfolio to see your personalized figures; PortView never shows another user's private holdings.

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Frequently asked questions

What does PASS track?

PASS is the Direxion Daily Cnsmr Discret Bear 3XShrs, a Other ETF.

What is the expense ratio of PASS?

Expense ratio data for PASS is shown on the page when available from our data provider.

What are the largest holdings in PASS?

PASS's top holdings are listed on this page when available.

How can PortView analyze PASS overlap with other ETFs?

PortView computes the holdings overlap between PASS and the other ETFs and stocks you own, plus your combined sector and geographic exposure, so you can see true diversification.