Skip to Content
ETFs

Direxion Auspice Broad Commodity Strategy ETF

COM
$--
Today’s Change
-- (--)

Snapshot
*

Inception Date
Mar 30 2017
Expense Ratio
0.81%
Type
Global Commodities & Metals
Fund Owner
Direxion Shares
Volume (1m avg. daily)
$942,734
AUM
$294,483,810
Associated Index
Auspice Broad Commodity Index
Inverse/Leveraged
No
Passive/Active
Passive
Fractionable on Composer
Yes
Prospectus
View

Top 10 Holdings

n/a
DREYFUS GOVT CASH MAN INS
55.76%
n/a
DREYFUS QII GOV CASH MGMT 289
8.06%
Invest with COM

What is COM?

The Direxion Auspice Broad Commodity Strategy ETF seeks to provide total return that exceeds that of the Auspice Broad Commodity Index over a complete market cycle. The Direxion Auspice Broad Commodity Strategy ETF seeks to provide investors with an opportunity to take advantage of rising commodity prices, in addition to mitigate risk by going flat (cash) when individual commodities are experiencing downward trends. It seeks to potentially provide commodity investment returns with lower risk characteristics than long-only commodity strategies.

ETFs related toCOM

ETFs correlated to COM include FTGC, USCI, GLTR

COM
Direxion Shares ETF Trust - Direxion Auspice Broad Commodity Strategy ETF
FTGC
First Trust Exchange-Traded Fund III - First Trust Global Tactical Commodity Strategy Fund
USCI
United States Commodity Funds LLC - United States Commodity Index Fund
GLTR
abrdn ETF - abrdn Physical Precious Metals Basket Shares ETF
CANE
Teucrium Trading, LLC - Teucrium Sugar Fund
CMDT
Pimco Exchange Traded Fund - PIMCO Commodity Strategy Active Exchange-Traded Fund
SIVR
abrdn ETF - abrdn Physical Silver Shares ETF
SLV
BlackRock Institutional Trust Company N.A. - iShares Silver Trust
AGQ
ProShares Trust - ProShares Ultra Silver 2x Shares
BCI
abrdn ETF - abrdn Bloomberg All Commodity Strategy K-1 Free ETF
BCD
abrdn ETF - abrdn Bloomberg All Comm Longer Dt Strategy K-1 Free ETF

What is ETF correlation?

Correlation is a measure of the strength of the relationship between two ETFs. It quantifies the degree to which prices of the two ETFs typically move together.

Here, correlation is measured over the past year with the Pearson correlation coefficient (Pearon’s r), which ranges from -1 to 1.

Using ETF correlations in portfolio and strategy construction

ETF correlations can help you create investing strategies and portfolios. Use them to:

  • •Build a diversified portfolio from uncorrelated or inversely correlated ETFs with the aim of minimizing portfolio risk.
  • •Compare correlated or related ETFs to find one with a lower expense ratio or higher trading volume.
  • •Create an investing strategy that hedges an ETF with an uncorrelated or inversely correlated ETF.

Automated Strategies
Related toCOM

#DC

Diversify with Commodities

Category

Building Blocks, Living With High Inflation, Diversification

Risk Rating

Aggressive

#SPIRAL

Stoic Finance Presents: Inflation Spiral Hedge

Category

Community

Risk Rating

Aggressive

Create your own algorithmic trading strategy with COM using Composer

FAQ

COM is a Global Commodities & Metals ETF. The Direxion Auspice Broad Commodity Strategy ETF seeks to provide total return that exceeds that of the Auspice Broad Commodity Index over a complete market cycle. The Direxion Auspice Broad Commodity Strategy ETF seeks to provide investors with an opportunity to take advantage of rising commodity prices, in addition to mitigate risk by going flat (cash) when individual commodities are experiencing downward trends. It seeks to potentially provide commodity investment returns with lower risk characteristics than long-only commodity strategies.

COM tracks the Auspice Broad Commodity Index.

No, COM is not actively managed. It is passively managed. In an actively managed fund, the fund manager makes decisions about how funds are invested. A passively managed fund typically tries to track or follow a market index.

Yes, COM is passively managed. A passively managed fund typically tries to track or follow a market index. In an actively managed fund, the fund manager makes decisions about how funds are invested.

The 1-month return on COM is 0.0201%. This is the percent change in the value of COM over the most recent 1-month period. The 3-month return on COM is 0.007%. This is the percent change in the value of COM over the most recent 3-month period.

The standard deviation of COM for the past year is 0.066%. Standard deviation is the typical amount that the daily returns vary from the mean of the returns over the time period, standardized to a period of a year.

ETFs similar to COM include PDBC, DBC, and DJP.

ETFs correlated to COM include FTGC, USCI, and GLTR.

ETFs that are inversely correlated to COM include ZSL, GLL, and USDU.

Disclaimers

*

We show information directly obtained from our data provider, Xignite. Data shown here is provided by Xignite, an unaffiliated third party. Composer believes the information shown here is reliable, but has not been verified and there is no guarantee that the information is accurate.

**

We show information based on calculations performed by Composer using data from our provider. Information provided here is based on calculations performed by Composer using data sourced from Xignite, an unaffiliated third party. Composer believes this information is reliable, but has not verified the data and there is no guarantee that the calculations are accurate.