DRIP vs. MLPA ETF Comparison
Comparison of Direxion Daily S&P Oil & Gas Exp. & Prod. Bear 3X Shares (DRIP) to Global X MLP ETF (MLPA)
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
$8.86
Average Daily Volume
1,476,630
35
MLPA
Global X MLP ETF
MLPA Description
The investment seeks investment results that correspond generally to the price and yield performance, before fees and expenses, of the Solactive MLP Composite Index ("underlying index"). The fund invests at least 80% of its net assets in the securities of the underlying index. Moreover, at least 80% of the fund's net assets will be invested in securities that have economic characteristics of the Master Limited Partnership ("MLP") asset class. The underlying index is intended to give investors a means of tracking the overall performance of the United States master limited partnerships (MLP) asset class. The fund is non-diversified.Grade (RS Rating)
Last Trade
$47.81
Average Daily Volume
124,518
19
Performance
| Period | DRIP | MLPA |
|---|---|---|
| 30 Days | -1.74% | -1.53% |
| 60 Days | -17.05% | 2.30% |
| 90 Days | -28.36% | 8.57% |
| 12 Months | -32.25% | 21.34% |
0 Overlapping Holdings
| Symbol | Grade | Weight in DRIP | Weight in MLPA | Overlap |
|---|
DRIP Overweight 35 Positions Relative to MLPA
| Symbol | Grade | Weight | |
|---|---|---|---|
| APA | B | 3.67% | |
| OXY | A | 2.91% | |
| EOG | A | 2.71% | |
| HES | A | 2.69% | |
| DVN | A | 2.64% | |
| PXD | A | 2.56% | |
| FANG | A | 2.52% | |
| COP | A | 2.49% | |
| PBF | A | 2.49% | |
| MRO | A | 2.49% | |
| MUR | A | 2.43% | |
| XOM | A | 2.37% | |
| CVX | A | 2.35% | |
| MPC | A | 2.33% | |
| VLO | A | 2.33% | |
| RRC | A | 2.2% | |
| PSX | B | 2.19% | |
| EQT | B | 2.13% | |
| MTDR | A | 2.02% | |
| SM | A | 1.98% | |
| SWN | A | 1.96% | |
| DK | A | 1.95% | |
| KOS | B | 1.87% | |
| CNX | A | 1.51% | |
| AR | A | 1.4% | |
| CRC | B | 1.13% | |
| CVI | B | 0.96% | |
| MGY | A | 0.62% | |
| WTI | F | 0.59% | |
| NOG | A | 0.54% | |
| TELL | F | 0.46% | |
| GPRE | F | 0.33% | |
| PARR | D | 0.3% | |
| TALO | B | 0.27% | |
| REX | A | 0.13% |
DRIP Underweight 19 Positions Relative to MLPA
DRIP: Top Represented Industries & Keywords
MLPA: Top Represented Industries & Keywords
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