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ETFs

Direxion Daily FTSE Europe Bull 3x Shares

EURL
$--
Today’s Change
-- (--)

Snapshot
*

Inception Date
Jan 22 2014
Expense Ratio
0.95%
Type
Global Ex. US Equities
Fund Owner
Direxion Shares
Volume (1m avg. daily)
$323,827
AUM
$21,343,297
Associated Index
FTSE Developed Europe All Cap Index
Inverse/Leveraged
Leveraged (3x)
Passive/Active
Passive
Fractionable on Composer
No
Prospectus
View

Top 10 Holdings

VGK
Vanguard Group, Inc. - Vanguard FTSE Europe ETF
14.25%
n/a
DREYFUS TRSRY SECURITIES CASH MGMT
7.56%
n/a
DREYFUS GOVT CASH MAN INS
5.88%
n/a
GOLDMAN FINL SQ TRSRY INST 506
0.23%
Invest with EURL

What is EURL?

The Daily FTSE Europe Bull 3x Shares seeks daily investment results, before fees and expenses, of 300% of the performance of the FTSE Developed Europe All Cap Index. The FTSE Developed Europe All Cap Index is a market-capitalization weighted index representing the performance of large, mid and small cap companies in Developed European markets, including the UK. The index is comprised of approximately 1250 securities from 16 countries, and derived from the FTSE Global Equity Index Series (GEIS), which covers over 7,400 securities in 47 different countries and captures 98% of the worlds investable market capitalization.

ETFs related toEURL

ETFs correlated to EURL include VGK, IEUR, BBEU

EURL
Direxion Shares ETF Trust - Direxion Daily FTSE Europe Bull 3x Shares
VGK
Vanguard Group, Inc. - Vanguard FTSE Europe ETF
IEUR
BlackRock Institutional Trust Company N.A. - iShares Core MSCI Europe ETF
BBEU
J.P.Morgan Investment Management Inc. - JPMorgan BetaBuilders Europe ETF
SPEU
SSgA Active Trust - SPDR Portfolio Europe ETF
IEV
BlackRock Institutional Trust Company N.A. - iShares Europe ETF
EZU
BlackRock Institutional Trust Company N.A. - iShares MSCI EMU ETF
EFA
BlackRock Institutional Trust Company N.A. - iShares MSCI EAFE ETF
IEFA
BlackRock Institutional Trust Company N.A. - iShares Core MSCI EAFE ETF
ESGD
iShares Trust - iShares Trust iShares ESG Aware MSCI EAFE ETF
BBIN
J.P. Morgan Exchange-Traded Fund Trust - JPMorgan BetaBuilders International Equity 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 toEURL

#DB

Diversification at its Best

Category

Tactical Asset Allocation, Be Risk Aware, Diversification

Risk Rating

Moderate

#PTI

Pick the Trending Index

Category

Momentum, Grow Your Portfolio, Ride the Momentum

Risk Rating

Aggressive

Create your own algorithmic trading strategy with EURL using Composer

FAQ

EURL is a Global Ex. US Equities ETF. The Daily FTSE Europe Bull 3x Shares seeks daily investment results, before fees and expenses, of 300% of the performance of the FTSE Developed Europe All Cap Index. The FTSE Developed Europe All Cap Index is a market-capitalization weighted index representing the performance of large, mid and small cap companies in Developed European markets, including the UK. The index is comprised of approximately 1250 securities from 16 countries, and derived from the FTSE Global Equity Index Series (GEIS), which covers over 7,400 securities in 47 different countries and captures 98% of the worlds investable market capitalization.

EURL tracks the FTSE Developed Europe All Cap Index.

No, EURL 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, EURL 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 EURL is -0.0654%. This is the percent change in the value of EURL over the most recent 1-month period. The 3-month return on EURL is -0.1197%. This is the percent change in the value of EURL over the most recent 3-month period.

The standard deviation of EURL for the past year is 0.5762%. 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 EURL include UPV, SSO, and TNA.

ETFs correlated to EURL include VGK, IEUR, and BBEU.

ETFs that are inversely correlated to EURL include EPV, EFZ, and SH.

Yes, EURL is a Leveraged (3x) ETF: This means that EURL will try to match the performance of FTSE Developed Europe All Cap Index, but with 3x the returns.

Yes, EURL is a Leveraged (3x) leveraged ETF: This means that {characteristics.Identifier} will try to match the performance of FTSE Developed Europe All Cap Index, but move 3x in the opposite direction.

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.