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ETFs

Direxion HCM Tactical Enhanced US ETF

HCMT
$--
Today’s Change
-- (--)

Snapshot
*

Inception Date
Jun 22 2023
Expense Ratio
1.15%
Type
US Equities
Fund Owner
Direxion Shares
Volume (1m avg. daily)
$729,214
AUM
$158,720,563
Associated Index
None
Inverse/Leveraged
No
Passive/Active
Active
Fractionable on Composer
No
Prospectus
View

Top 10 Holdings

n/a
DREYFUS TRSRY SECURITIES CASH MGMT
8.02%
AAPL
Apple Inc
2.84%
MSFT
Microsoft Corporation
2.61%
n/a
DREYFUS GOVT CASH MAN INS
1.49%
AMZN
Amazon.com Inc.
1.30%
NVDA
NVIDIA Corp
1.14%
GOOGL
Alphabet Inc - Ordinary Shares - Class A
0.85%
TSLA
Tesla Inc
0.75%
META
Meta Platforms Inc - Ordinary Shares - Class A
0.74%
GOOG
Alphabet Inc - Ordinary Shares - Class C
0.73%
Invest with HCMT

What is HCMT?

The Fund is actively managed and seeks to provide enhanced returns across multiple market cycles that are broadly correlated to the U.S. equity markets. The Fund uses a proprietary quantitative investment model based on the HCM-BuyLine (the "Model") developed by the Fund's subadvisor, Howard Capital Management, Inc. ("Sub-adviser"), to determine if the Fund's assets are allocated to U.S. equity securities or to cash and cash equivalents (i.e., money market funds, U.S. government securities and/or similar securities). The Fund will invest in or have exposure to, U.S. equity securities in order to achieve capital appreciation, or will invest in cash or cash equivalents in order to attempt to preserve capital during market downturns. When allocated to U.S. equities, the Fund will seek leveraged exposure of its net assets through investments in derivatives, such as swaps, in order to achieve enhanced returns.

ETFs related toHCMT

ETFs correlated to HCMT include QLD, TQQQ, QQQ

HCMT
Direxion Shares ETF Trust - Direxion HCM Tactical Enhanced US ETF
QLD
ProShares Trust - ProShares Ultra QQQ 2x Shares
TQQQ
ProShares Trust - ProShares UltraPro QQQ 3x Shares
QQQ
Invesco Capital Management LLC - Invesco QQQ Trust Series 1
QQQM
Invesco Exchange-Traded Fund Trust II - Invesco NASDAQ 100 ETF
ILCG
BlackRock Institutional Trust Company N.A. - iShares Morningstar Growth ETF
QQH
Northern Lights Fund Trust III - HCM Defender 100 Index ETF
VONG
Vanguard Group, Inc. - Vanguard Russell 1000 Growth Index ETF
IWF
BlackRock Institutional Trust Company N.A. - iShares Russell 1000 Growth ETF
JGRO
J.P. Morgan Exchange-Traded Fund Trust - JPMorgan Active Growth ETF
VUG
Vanguard Group, Inc. - Vanguard Growth 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 toHCMT

#BTD

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Risk Rating

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The Not Boring: Rising Rates with Vol Switch

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Create your own algorithmic trading strategy with HCMT using Composer

FAQ

HCMT is a US Equities ETF. The Fund is actively managed and seeks to provide enhanced returns across multiple market cycles that are broadly correlated to the U.S. equity markets. The Fund uses a proprietary quantitative investment model based on the HCM-BuyLine (the "Model") developed by the Fund's subadvisor, Howard Capital Management, Inc. ("Sub-adviser"), to determine if the Fund's assets are allocated to U.S. equity securities or to cash and cash equivalents (i.e., money market funds, U.S. government securities and/or similar securities). The Fund will invest in or have exposure to, U.S. equity securities in order to achieve capital appreciation, or will invest in cash or cash equivalents in order to attempt to preserve capital during market downturns. When allocated to U.S. equities, the Fund will seek leveraged exposure of its net assets through investments in derivatives, such as swaps, in order to achieve enhanced returns.

Yes, HCMT is actively 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.

No, HCMT is not passively managed. It is actively 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 HCMT is -0.0184%. This is the percent change in the value of HCMT over the most recent 1-month period. The 3-month return on HCMT is -0.017%. This is the percent change in the value of HCMT over the most recent 3-month period.

ETFs similar to HCMT include PKW, VIXY, and XYLD.

ETFs correlated to HCMT include QLD, TQQQ, and QQQ.

ETFs that are inversely correlated to HCMT include SQQQ, QID, and PSQ.

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.